Last 2.69 MYR
Change Today 0.00 / 0.00%
Volume 763.9K
PRESS On Other Exchanges
Symbol
Exchange
Kuala Lumpur
As of 3:53 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

press metal berhad (PRESS) Snapshot

Open
2.66
Previous Close
2.69
Day High
2.69
Day Low
2.66
52 Week High
09/9/14 - 3.73
52 Week Low
03/26/14 - 1.11
Market Cap
3.0B
Average Volume 10 Days
2.9M
EPS TTM
0.14
Shares Outstanding
1.1B
EX-Date
11/12/14
P/E TM
19.8x
Dividend
0.03
Dividend Yield
3.16%
Current Stock Chart for PRESS METAL BERHAD (PRESS)

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press metal berhad (PRESS) Details

Press Metal Berhad, together with its subsidiaries, manufactures and markets aluminum products worldwide. The company operates through Manufacturing and Trading, and Contracting and Fabrication segments. It provides primary products, including aluminum ingots and aluminum billets. The company also offers aluminum extrusions in various finishes, which are used in fabricated products, such as windows, doors, curtain wall claddings, louvers, balustrades, pool fencing, solar panel frames, wardrobes, ladders, and other products. In addition, it is involved in contracting and fabricating aluminum and stainless steel products; marketing aluminum products; and trading garments and accessories, as well as operates a common waste water treatment plant to treat toxic waste. The company exports its primary products to Malaysia, Southeast Asia, Asia, Europe, and the Americas. Press Metal Berhad was founded in 1986 and is based in Shah Alam, Malaysia.

Founded in 1986

press metal berhad (PRESS) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

press metal berhad (PRESS) Key Developments

Press Metal Bhd Executes Term Sheet with Syarikat Sesco Berhad

The Board of Directors of Press Metal announced that it has executed a Term Sheet with Syarikat Sesco Berhad for the supply of additional 500MW of electricity for the proposed Phase III expansion of its aluminium smelter, which will be located next to its existing smelter in Samalaju Industrial Park, Sarawak ('Samalaju Smelter'). The Term Sheet contains major commercial terms that both parties have negotiated and agreed and are commercially confidential in nature. Further, both parties agreed to work expeditiously to enter into a 25-year Power Purchase Agreement and a Connection Agreement which will include all other terms and conditions, as well as technical operational provisions. The power supply according to the Term Sheet will be provided in two stages. For the first stage, SSB will be supplying 330MW by the end of 2015 and the balance amount of 170MW will be made available by early 2018. As such, Press Metal targets to build this Proposed Phase III Smelter on time to receive power according to the above schedule. The Proposed Phase III Smelter with a designed capacity of 320,000 tonne will be built next to the Samalaju Smelter, which is fully operational.

Press Metal Bhd Approves Amendments to Memorandum and Articles of Association

Press Metal Bhd approved amendments to the memorandum and articles of association of the company to facilitate the IASC.

Press Metal Bhd Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Press Metal Bhd reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 1,028.700 million compared to MYR 794.460 million a year ago. Revenue increased by MYR 234.2 million or 29.5% mainly due to higher metal selling price, both aluminium price quoted in the London Metal Exchange as well as the premium which has been trending upwards; and higher production output by the Bintulu Smelting Plant which had achieved full production capacity in fourth quarter of 2013 and the Mukah Smelting Plant which was shut down in July 2013 due to power outage had resumed full operations in April 2014. Profit from operations was MYR 146.807 million compared to loss from operations of MYR 10.921 million a year ago. Profit before tax was MYR 116.255 million compared to loss before tax of MYR 48.368 million a year ago. Profit for the period attributable to equity holders of the parent was MYR 82.653 million or 11.81 sen per diluted share compared to loss for the period attributable to equity holders of the parent of MYR 1.649 million or 0.23 sen per diluted share a year ago. Major contributing factors to the significant increase in profit were improved metal selling price and higher production output by both Bintulu and Mukah Smelting Plants; and non-recurrence of a loss on disposal of Hubei Press Metal Huasheng Aluminium & Electric Co. Ltd.'s assets amounting to MYR 51.6 million incurred in third quarter of 2013. For the nine months, the company reported revenue of MYR 2,926.018 million compared to MYR 2,314.046 million a year ago. Profit from operations was MYR 333.303 million compared to MYR 120.289 million a year ago. Profit before tax was MYR 236.228 million compared to MYR 13.800 million a year ago. Profit for the period attributable to equity holders of the parent was MYR 170.710 million or 24.48 sen per diluted share compared to MYR 43.638 million or 5.95 sen per diluted share a year ago. Net cash from operating activities was MYR 148.185 million compared to MYR 410.240 million a year ago. Acquisition of properties, plant and equipment was MYR 134.341 million compared to MYR 221.244 million a year ago.

 

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Industry Average

Valuation PRESS Industry Range
Price/Earnings 18.0x
Price/Sales 0.7x
Price/Book 1.4x
Price/Cash Flow 19.0x
TEV/Sales 0.0x
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