Press Metal Aluminium Set to Gain From Higher Aluminum Prices -- Market Talk

Dow Jones

2024-12-02

0425 GMT - Press Metal Aluminium should benefit from a hike in global aluminum prices and other tailwinds, RHB IB analyst Cindy Lee writes in a note. RHB Economics expects the Fed to cut rates in December, with an additional 100 bps of cuts to come in 2025, which could mean higher aluminum prices. RHB IB remains optimistic on the aluminum sector, thanks to the recovery in aluminum average selling prices and growing awareness of green industries. The Malaysian aluminum producer could also gain from China's recent removal of the 13% tax rebate on aluminum exports, she adds. RHB IB raises the stock's target price to MYR6.39 from MYR6.30 while maintaining a buy rating. Shares are last at MYR4.92.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

December 01, 2024 23:25 ET (04:25 GMT)

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RHB Economics expects the Fed to cut rates in December, with an additional 100 bps of cuts to come in 2025, which could mean higher aluminum prices. RHB IB remains optimistic on the aluminum sector, thanks to the recovery in aluminum average selling prices and growing awareness of green industries. The Malaysian aluminum producer could also gain from China's recent removal of the 13% tax rebate on aluminum exports, she adds. RHB IB raises the stock's target price to MYR6.39 from MYR6.30 while maintaining a buy rating. Shares are last at MYR4.92.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 01, 2024 23:25 ET (04:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6027","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488643614","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488643614","pubTimestamp":1733113500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0425 GMT - Press Metal Aluminium should benefit from a hike in global aluminum prices and other tailwinds, RHB IB analyst Cindy Lee writes in a note. 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RHB IB raises the stock's target price to MYR6.39 from MYR6.30 while maintaining a buy rating. Shares are last at MYR4.92.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 01, 2024 23:25 ET (04:25 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}