

On March 6, 2026, the globally renowned producer of integrated aluminium, Press Metal Aluminium Holdings Bhd was identified as one of the top picks in Malaysia’s basic materials sector by RHB Investment Bank Bhd. The research house continues to maintain an “overweight” rating on the sector following strong performances by aluminium and cement producers.
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Based on the research information, prospects for the aluminium and cement industries remain encouraging, supported by tightening global aluminium supply, easing coal prices and improved operational efficiency among cement manufacturers. On Friday, RBH stated, “Margins should remain stable as raw material prices stabilise.”
Press Metal Aluminium Holdings posted a record core profit of RM 2.19 billion (USD 550 million) for FY2025, up 17 per cent from a year earlier, supported by higher aluminium prices and lower alumina costs. The company further reported a stronger profitability, with its EBITDA margin climbing to 24.6 per cent in the fourth quarter of 2025 and lifting the full-year margin to 20.9 per cent compared with 18.3 per cent in FY2024.
According to RHB, aluminium stockpiles in Shanghai and London have decreased, and the global aluminium market is still supported by constrained supply growth, in part because China is getting close to its 45 million-tonne output maximum. “Global aluminium production remains subdued, which has helped tighten supply and support prices,” the research house said.
Moreover, stricter enforcement against overloaded lorries may enable established players to acquire more market share, based on RHB’s report, although cement margins may continue to be strong as coal and energy prices stabilise.
RHB Investment Bank Bhd reiterated its “buy” recommendation on Press Metal Aluminium Holding, citing supportive industry conditions and strong earnings potential. The research firm set target prices of about RM8.50 (USD 1.80) per share.
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