Steel steals the limelight thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
(BPHB) group is gearing up for a major boost in cargo-handling volume when an integrated phosphate plant nearby is operational.
The deepsea port, which was designed and built to cater for the energy-intensive industries in the adjacent Samalaju Industrial Park, Bintulu, will also benefit from the commissioning of Press Metal Aluminium Holdings Bhd’s new Phase 3 aluminium smelting plant and the soon-to-be constructed mega-steel plant.
According to BPHB group chief executive officer Datuk Mohammad Medan Abdullah, SIP is expected to handle one million tonnes of new cargo from Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS).
“This will bring in an additional revenue of about RM23mil (annually), ” he said in the company’s newly released 2020 annual report.
Global funds bought a net RM189.9mil of Press Metal Aluminium Holdings Bhd, the brokerage said in a report.
Shares of glove makers were one of Asia’s hottest pandemic trades for much of 2020 before the rollouts of vaccines around the world weakened their appeal and became targets of short sellers.
The three biggest glove stocks, including Top Glove Corp, are the worst performers in Malaysia’s benchmark equity gauge this year.
“There is still significant value to be derived from Malaysian glove players which command 65%-68% of the global market share, ” Kenanga Investment Bank Bhd said in a report.
Press Metal to ride on supercycle of aluminium prices thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.