KUALA LUMPUR (Jan 26): RHB Investment Bank lifted Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) earnings forecast to account for its latest spot aluminium (LME) assumptions, amid a structurally weaker US dollar. RHB raised Press Metal’s FY2025-FY2027 forecasts by 5%, 17% and 18%, respectively, highlighting the multi-year high aluminium price and favourable aluminium-to-alumina cost ratio. RHB said that aluminium LME prices rose 17.5% in 2025 to US$2968 per tonne, and are expected to move further up to US$3100. RHB raised its aluminium LME assumptions from US$2700/tonne to US$2950/tonne forecasted in 2026, and US$1850/tonne in 2027. At press time on Monday, Press Metal’s shares were traded slightly higher at RM7.4, valuing the company at RM61.71 billion.

Source: The Edge Markets January 26, 2026 04:07 UTC