LBALUM has grown to be one of Asia’s largest aluminium extrusion manufacturers.
For the aluminium segment, the stabilisation of the global aluminium prices augurs well for LBALUM as the group's primary raw material is aluminium billet. However, the weakening of the RM vis-a-vis the USD has increased the costs of LBALUM's imported billets. In addition, the recent spikes in both electricity and gas prices have eroded the group's margins.
Source: PublicInvest Research - 3 Jul 2023
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