皇冠开户
热门标签

310竞彩足球胜负:Strong 2Q earnings likely for metal-based players

时间:5天前   阅读:3   评论:5

新2查账www.hg108.vip)提供新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,皇冠新2网址,新2管理网址,新2网址大全,hg0088.com,hga038.com,同时开放新2信用平台查账功能.

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.

,

310竞彩足球胜负www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。310竞彩足球胜负上竞彩足球胜负分析专家数据更新最快。310竞彩足球胜负开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

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:免费足球贴士网:Cahya Mata Sarawak to double cement capacity

下一篇:Telegram游戏频道(www.tel8.vip):Umno to hold special briefing for its leaders Saturday

网友评论

  • 2022-09-06 00:22:25

    此外,还包括:贷后管理不尽职,信贷资金未按约定用途使用、信贷资金回流借款人本行账户、流动资金贷款用于置换项目贷款;银行承兑汇票贴现资金回流至出票人;银行承兑汇票保证金来源于贷款资金;违规审批发放用于固定资产项目的流动资金贷款,且贷款资金回流至借款人股东;未对集团客户进行统一授信;开展黄金租赁业务不审慎形成不良且核销不规范;贷款三查不尽职,导致贷款形成损失核销;违规开展基金代付业务。实名羡慕

  • 2022-11-24 00:20:02

    Higher Treasury yields have made the US dollar more attractive to long-term investors, especially central banks and sovereign funds as they take into account the inflation’s return impact on their strategic allocation of assets and portfolio investment.挺好,再多一些特点