热门标签

欧博官网登录:Strong 2Q earnings likely for metal-based players

时间:2周前   阅读:3   评论:5

欧博官网登录www.aLLbet8.vip)是欧博集团的官方网站。欧博官网登录开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

UOB Kay Hian (UOBKH) Research analyst Hazmy Hazin said listed aluminium,(pic) ferroalloy and tin players could offer an attractive trading opportunity for investors, as the strong earnings may have yet to be fully reflected in the companies’ share prices.

PETALING JAYA: Aluminium, ferroalloy and tin players are expected to post stellar earnings for the second quarter of 2022 (2Q22), thanks to higher production after the lockdown and the spillover effect of the record-high commodity prices from 1Q22.

UOB Kay Hian (UOBKH) Research analyst Hazmy Hazin said listed aluminium, ferroalloy and tin players could offer an attractive trading opportunity for investors, as the strong earnings may have yet to be fully reflected in the companies’ share prices.

“Most of the companies under our coverage sell forward at least two to three months ahead so they managed to lock in the favourable prices before the prices trended downwards.

“Prices have eased entering into the second half of 2022, mainly due to the weak market sentiment caused by the fear of recession.

“While sentiment may remain fragile in the near term, we believe this presents a good buying opportunity as China’s gradual lifting of its lockdown will stimulate demand and support prices accordingly,” Hazmy said in a building materials sector update yesterday.

Looking ahead, Hazmy said the prices for the selected commodities have bottomed as current spot prices could be below some of the global producers’ cash production costs.

UOBKH Research maintained its “overweight” view on the building materials sector.

,

新2网址大全www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

Its top pick for the sector is Press Metal Aluminium Holdings Bhd, with a target price of RM7.40 per share.

The research house’s other preferred picks are Malaysia Smelting Corp Bhd and OM Holdings Ltd.

Hazmy pointed out that skyrocketing electricity costs and declining commodity prices, amid the rising rates and fear of economic slowdown, have led some global producers to cut or exit the market.

For example, many major tin smelters in China have decided to halt production in July.

As a result of the decision, about 13,500 tonnes of refined tin – representing 4% of global production – will not be produced in June to July 2022.

Hazmy said the production cuts would form a significant support for the commodity prices and provide Malaysian smelters low-cost advantage over global peers.

“Given the power-intensive nature of the smelting business, OM Holdings and Press Metal have significant advantage over global peers as they offer substantially lower costs, given their access to eco-friendly low-cost hydropower in Sarawak.

“The use of hydropower, solar panels and waste heat recovery helps to reduce their carbon footprints too. China’s strict environmental requirements will push more small producers to withdraw from the market.

上一篇:哈希游戏源码出售:Ringgit may breach RM4.50 level against the greenback

下一篇:约搏单双游戏:NFT 违反《Minecraft》游戏价值观 官方宣布不支持并严禁发布

网友评论

  • 2022-09-11 01:30:48

    Many might not agree – they may even ridicule it – but I bring your attention to an article written sometime ago, where the author was heavily criticised.整体偏好吧(非专业的

  • 2022-11-13 02:59:33

    chơi phỏm online(www.vng.app):chơi phỏm online(www.vng.app) cổng Chơi tài xỉu uy tín nhất việt nam。chơi phỏm online(www.vng.app)game tài Xỉu đánh bạc online công bằng nhất,chơi phỏm online(www.vng.app)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.
    (????)??嗨,有打招呼的吗