KUALA LUMPUR (March 5): Press Metal Aluminium Holdings Bhd fell 5.3 percent at the open, more than 20 times the country's benchmark index.

The shares fell to MYR 5.18 from MYR 5.47. Trading volume was more than quadruple the 30-day average of 32,602 for this time of day.

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Press Metal Aluminium Holdings' move compares with the 0.2 percent loss in the FTSE Bursa Malaysia Klci Index - Kuala Lumpur Composite Index and the 0.3 percent decline in the MSCI AC Asia Pacific Index. The stock is 6.3 percent above the Bloomberg consensus one-year target price.

Additional key insights from Bloomberg include: 

* Issuer ratings below Investment Grade: Moody's (Ba3), S&P (BB-).

* Issuer Ratings with Positive Outlook: S&P (Oct 24, 2017).

Press Metal Aluminium Holdings trades at more than 30 times trailing 12-month earnings and more than 20 times its estimated profit for the coming year. Its stock declined 3.9 percent so far this year and gained 100 percent in the past 52 weeks.

Press Metal Aluminium Holdings Berhad operates as a holding company. The Company, through its subsidiaries, provides aluminium ingots, billets, fluorocarbon, and other products. Press Metal Aluminium Holdings serves customers worldwide.