热门标签

新2信用网出租(www.hg108.vip):Strong 2Q earnings likely for metal-based players

时间:4周前   阅读:23   评论:1

新2信用网出租www.hg108.vip)是新2(正网)接入菜宝钱包的TRC20-USDT支付系统,为新2代理提供专业的网上运营管理系统。新2信用网出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让新2代理的运营更轻松更安全。

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.

,

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

,

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:电报群组:Lego closes Russia business indefinitely, lays off 90 staff

下一篇:ug开户(www.ugbet.us):Demand for steel seen to improve

网友评论

  • 2023-01-12 00:15:31

    Nếu đã chơi LMHT đủ lâu, hẳn bạn đã không còn còn lạ gì với luật bất thành văn trên Summoner’s Rift đó là: Đừng bao giờ đuổi theo Singed. Nhà Hóa Học Điên luôn là một sự lựa chọn không thể bỏ qua của những người chơi đường trên thích quấy phá Đấu Trường Công Lý bằng việc bỏ qua tướng và “chơi với lính” nhờ tốc độ kinh hoàng. Thế nhưng bằng cách nào đó trong năm phiên bản gần nhất, Singed lại có xu hướng dịch chuyển ra đường giữa. Thậm chí còn đang chứng minh được sự hiệu quả ở một vai trò vốn rất lạ lẫm.老读者赞一个