Company Analysis - Commissioned /
Bahrain

Aluminium Bahrain: Q2 21 preview – Record profit expected as aluminium prices continue to rally

  • Aluminium Bahrain (Alba) will report Q2 21 results on 1 Aug 2021. We expect EPS of BHD0.07 for the quarter

  • Aluminium prices rose 14% qoq to US$2,400, while alumina declined by 8% qoq to average US$277/tonne, boosting margins

  • Year-to-date, ALBH has gained 30% to BHD0.663 and continues to trade cheap at 3.3x 2021f EV/EBITDA vs peers at 7.9x

Aluminium Bahrain: Q2 21 preview – Record profit expected as aluminium prices continue to rally
Janet Ogunkoya
Janet Ogunkoya

Senior Research Analyst

Tellimer Research
29 July 2021
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