Higher aluminium prices to benefit Press Metal

RHB Research has maintained a "buy" call for press metal with a target price of 7 ringgit 38 sen, from 5 ringgit 47 sen, a 20% discount to its fully-diluted discounted cash flow. This is due to consolidating aluminium prices in the London Metal Exchange (LME) which broke the six thousand three hundred and eighty ringgit per tonne mark last week.

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