Press Metal Aluminium's recent share price sell-off appears overdone, says Loh Yan Jin at Maybank IB. The sell-off came despite a more normalized valuation backdrop following the fading of the Middle East war premium, the analyst says in a note. She expects strong 2Q earnings, supported by still firm aluminum prices and favorable forex rates, which should drive near-term share price recovery. While aluminum prices may remain volatile as geopolitical tensions ease and supply rises, the downside to earnings is cushioned as nearly 55% of 2027 sales are hedged at around US$2,900 a ton, providing strong earnings visibility, she adds. Maybank cuts Press Metal's target price to 9.41 ringgit from 10.46 ringgit and keeps a buy rating. Shares are unchanged at 7.53 ringgit. (yingxian.wong@wsj.com)