Press Metal Aluminium 3Q Earnings Could Fall Sequentially — Market Talk

Press Metal Aluminium's 3Q net profit could fall on quarter to 610 million ringgit to 660 million ringgit, an 11%-18% decline, as lower aluminum prices and higher alumina costs weigh on margins, RHB IB analyst Iftaar Hakim Rusli says in a note. Tight global supply and falling LME inventories could…