Huge Valuation Gap: OMH vs Press Metal, page-137

On viewing PMB Tech more closely it can be seen that silicon metal makes up about 66% of its total income, 33% comes from aluminium construction and fabrication.
https://disclosure.bursamalaysia.co...download?id=221268&name=EA_FR_ATTACHMENTS

As King87 stated, 95% of the profit comes from the production of silicon metal.

PMB Tech currently has 4 x furnaces operating production silicon metal at 72,000tonnes pa.
I note in some discussion that PMB Tech is currently expanding further with another 2 x furnaces, that will take them to 100,000 tonnes annually so now wonder the share price is RM4.22 and market cap RM 5.35 billion.

PMB Technology Berhad
Minutes of the Twentieth Annual General Meeting held on 16 June 2022
Question
11. What is the estimated timeline in connection with the availability of the hydropower in
Sawarak?
Answer:
The CEO responded that due to the delayed of the contract on the hydropower
development in Sarawak, there will have no additional power supply until the year of
2027 or 2028.
Question
16. What is the target timeframe for the next phase of silicon plant?
Answer:
The CEO responded that the silicon plant is targeted to operate two new furnaces by
third quarter of year 2023, where first furnace is expect to be completed in 1st Quarter
2023 and another is expected to be done in the third quarter of 2023.