PMETAL Stock Forum

Macquarie Equities Research (MQ Research) released a flashnote highlighting Press Metal’s (PMETAL) 3Q24 earnings release, where PMETAL reported 3Q24 adjusted net profit (NP) of RM476mn (+49% year-on-year (YoY), -7% quarter-on-quarter (QoQ)). PMETAL’s 9M24 adjusted NP of RM1.4bn (+55% YoY) met MQ Research’s expectation at 79%, but beat Bloomberg estimates at 85%. Meanwhile, the 9M dividend per share of 5.25 sen was in-line.
In...

Mah Sing Group (MAHSING) announced a 20% rise in net profit in 3Q24 as lower costs compensated for the decline in revenue. Meanwhile, net profit increased to RM60.05m from RM50.01m in the same period last year. This increase was mainly due to the finalisation of construction costs for several contracts that are close to completion.
Press Metal Aluminium (PMETAL) reported a net profit of RM1.32b for a 9-month period, up from RM893.88m in the same period last year. Revenue incr...

In the week ahead, some notable corporations from the likes of YTL Power International (YTLPOWR), Tenaga Nasional (TENAGA), Press Metal (PMETAL) and Sime Darby (SIME) are expected to report their quarterly results. Malaysian banks are also expected to release their quarterly results alongside.Investors who wish to trade the potential volatility in the underlyings ahead of their results, may do so via our structured warrants over these underlyi...

Good news for pmetal and this certainly will profit the company in the next few quarters

Hey everyone! If you’ve noticed the USD/MYR rate climbing, you’re probably wondering how this affects our investments. 💰
With the ringgit weaker against the dollar, some sectors get a boost – especially export-oriented companies. 📈 Here’s a quick breakdown:
Focus on Export Stocks 🌏
Companies that export products (think tech and manufacturing sectors) earn in USD, so a strong dollar means bigger profits when they convert that money back...