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INNOTEK LIMITED
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katak88
Master |
23-Feb-2022 10:54
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February 23, 2022 08:43 am +08
Malaysia Smelting Corp likely to see a record FY22, says Kenanga
&ldquo MSC&rsquo s share price will ride on the commodity rally wave. &ldquo At 11 times FY22E forward earnings, which is the peers&rsquo average, MSC is valued at RM4.62 based on the consensus tin price forecast while at the forward tin price, it is priced at RM6.48,&rdquo it said. In view of strong price prospects, Kenanga said MSC should be valued at RM5.55, which is the mean of these fair values above. . . https://www.theedgemarkets.com/article/malaysia-smelting-corp-likely-see-record-fy22-says-kenanga |
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sengkang
Master |
21-Feb-2022 10:33
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Based on the 4th Q results which is not affected by the MCO, the projected earnings for 2022 should be around 60 sen annualised . Base on a PE of say 10 should be around RM6.00 or approx Sgd $1.90 Expect to traded a around $1.40~2.00 in Sgx hopefully for longer term shareholders. RM 7sen divvy also not too bad. Tin prices will be underpinned by strong demand from EV, solar, tech and general industrial sectors.
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katak88
Master |
19-Feb-2022 12:50
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Malaysia Smelting Corp Net Profit Jumps 8 Fold To RM118.1 MillionFebruary 18, 2022
Tin miner and metal producer, Malaysia Smelting Corporation Berhad reported a sterling set of financial results for its fourth quarter and full-year ended 31 December 2021. The group&rsquo s net profit soared almost 8-fold to an all-time high of RM118.1 million from RM15.2 million in the prior year. The higher earnings were lifted by favourable average tin prices, which grew 82% to RM130,575 per metric tonne from RM71,559 per MT in FY20. Group revenue increased 32% to RM1,076.6 million in FY21 from RM813.4 million. The Group&rsquo s tin mining division was the main earnings driver as net profit jumped more than 5 times to RM109.4 million in FY21, as compared to RM20.6 million in FY20. The growth was on the back of high tin prices, as well as increased tin production during the year. Meanwhile, the tin smelting division reported lower production of refined tin n FY21 due to the operational disruption following the Full Movement Control Order 3.0 enforced from 1 June 2021 and the subsequent force majeure that commenced from 7 June 2021 until 20 December 2021. This was offset by a reversal of inventories written down amounting to RM24 million in 1QFY21 and higher margins from the sales of refined tin derived from its tin intermediates. As a result, the tin smelting division reported an FY21 net profit of RM12.1 million, from RM3.2 million a year ago. For 4QFY21, MSC recorded a net profit of RM64.1 million on the back of revenue of RM255.1 million. During the quarter, the tin mining segment posted a net profit of RM44.1 million, representing an almost a 7-fold increase from RM6.7 million in the previous year&rsquo s corresponding quarter (&ldquo 4QFY20&rdquo ), mainly attributed to the high tin prices. For MSC&rsquo s tin smelting division, net profit stood at RM10.0 million, against a net profit of RM15.4 million in 4QFY20, primarily due to an absence of a reversal of inventories written down of RM21.1 million which was recorded in 4QFY20. The tin smelting division also benefited from higher profit margins from the sales of refined tin derived from its tin intermediates. Commenting on the Group&rsquo s performance, Dato&rsquo Dr. Patrick Yong, Group Chief Executive Officer of MSC said, &ldquo Although 2021 was a year of continued challenges globally, MSC stayed resilient and delivered a stellar financial performance for the year. The tin supply deficit is forecasted to continue, which will sustain tin prices in the short to medium term. At the same time, tin demand remains robust in line with the global growth of electric vehicles, photovoltaic installations, and consumer electronics, among others. Its Pulau Indah smelting facility has reached 75% capacity and expects full production in 2022. The full commissioning of the Pulau Indah plant is expected to improve extractive yields, lower manpower costs as well our carbon footprint. MSC has proposed a first and final single-tier dividend of 7 sen per share, translating to a dividend payout of 25% of FY21 net profit. This dividend is subject to shareholders&rsquo approval at the Group&rsquo s forthcoming Annual General Meeting. . https://www.businesstoday.com.my/2022/02/18/malaysia-smelting-corp-net-profit-jumps-8-fold-to-rm118-1-million/ |
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sengkang
Master |
08-Feb-2022 16:46
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Technically powerful uptrend on the move. Awaiting FY2021 results which will decide future direction of this precious resource. Wooooowwww |
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chongpin
Senior |
21-Jan-2022 09:34
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Tin price hit a new record of US44,190/mt on 21 Jan 2022.
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sengkang
Master |
13-Jan-2022 11:54
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Wow!! Tin price hit a new record of US$40,449/mt on 11 Jan 2022. MSC traded in KL Bursa at jigh of RM3.50 per share up to this morning. Art Sgx no trade - quiet as like a graveyard Super commodities cycle seems to be gaining traction. haha
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sengkang
Master |
10-Dec-2021 14:06
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Wow!! $1.13 hit
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7ocean
Master |
25-Nov-2021 10:48
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KLSE- MSC RM3.35.. S' pore MSC should be S$1.10
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7ocean
Master |
25-Nov-2021 09:34
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Indonesia may stop Tin export 2024 as part of its ambition to attract investment into downstream processing and manufacturing inthe asian nation, President Joko Widodo said on wednesday. The news sent the metal, extensively used in the electronics sector, to a fresh record high with three month contracts topping US$40,000+/mt for the first ever, prompt delivery of Tin has traded at unprecedented premiums of more the US$1,000 a tonne this Year, Indicating severe supply shortages in the Cash market..
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sengkang
Master |
25-Nov-2021 09:19
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I think aside this critical record breaking price factor, MSC production is tryng to ramp up to full capacity from its current 30% plus utilisation rate hopefully by year end. Profits is going up the roof by 4th quarter 2021 and FY2021.
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7ocean
Master |
24-Nov-2021 10:21
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KLSE- MSC RM3.30... sailing fast...S' pore MSC should catch out soon... Huat ar
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7ocean
Master |
24-Nov-2021 08:45
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LME TIN Price brake US$40,150 / mt..... Brake records price...MSC will sail fast.. $1.50-$2.00 | ||||
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TodaySgCny
Senior |
24-Nov-2021 07:44
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Don' t sell cheap.Hold on.Moving up soon.Cheers | ||||
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7ocean
Master |
23-Nov-2021 14:58
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LME Tin Price US$39750 Historical all time high.... | ||||
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sengkang
Master |
23-Nov-2021 13:52
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Any idea what is the historic all time high of LME tin traded? Seems supply is somewhat stable but limited but demand side has recently increased (& projected to increase in future) esp in the mfg, tech and ev sectors. MSC financial performance for 3Q2021 looks great btw
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7ocean
Master |
23-Nov-2021 09:48
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Malaysia KLSE MSC RM$3.20.. SGX MSC should reach $1.05 | ||||
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7ocean
Master |
13-Nov-2021 12:00
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LMT Tin price almost reach US$40,000/mt... now Cash contract US$39,200/mt
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7ocean
Master |
13-Nov-2021 11:52
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If LMT Tin Price can maintain above US$35,000 m/t...Next six month will be more than 8-fold of profit. MSC will reach $2-$2.50 | ||||
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katak88
Master |
13-Nov-2021 11:40
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Malaysia Smelting Corp posts RM28.9mil in net profit, revenue of RM218.5mil for Q3By NST Business - November 12, 2021 @ 6:12pm
KUALA LUMPUR: Tin miner and metal producer Malaysia Smelting Corporation Bhd (MSC) posted a net profit of RM28.9 million on the back of revenue of RM218.5 million for the third quarter (Q3) ended 30 September 2021. During the quarter, net profit for the tin mining segment rose almost 4-fold to RM29.0 million from RM7.4 million in the same quarter last year, mainly attributed to high tin prices. Tin smelting operations recorded a net profit of RM4.9 million in Q3 FY21 compared to RM7.7 million in the same quarter last year, mainly due to lower smelting capacity. The company gradually restarted its operations in phases following Phase 2 of the National Recovery Plan (NRP). Additionally, the ageing furnaces at the Butterworth smelter were undergoing restoration, which led to lower furnace days and lower tin yields. For the nine months (9M) FY21, high tin prices drove MSC' s net profit to RM54.0 million compared to RM0.2 million in the same period last year. The strong performance was primarily on the back of higher average tin prices, which were at RM121,458 per metric tonne (MT) in 9M FY21, 74 per cent higher than RM69,717 per MT recorded in 9M FY20. In tandem with the high tin prices, MSC' s revenue grew 41 per cent year-on-year (YoY) to RM821.5 million in 9M FY21, against RM580.8 million in 9M FY20. Group chief executive officer Datuk Dr Patrick Yong said the company delivered a strong performance, despite the constraints arising from the Full Movement Control Order (FMCO). " Tin has been the best-performing base metal in 2021 as prices hit a record high, following the tin supply deficit and robust consumption. " MSC is a direct beneficiary of favourable tin prices, and this trend is expected to persist in the near term in line with rising tin demand in various sectors including consumer electronics, photovoltaic as well as for electric vehicles," he said in a statement today. Patrick said the company have completed the top submerged lance (TSL) furnace refurbishment at its Pulau Indah smelting plant in October 2021 and are currently operating at a 30 per cent utilisation rate. " Even with the operational interruptions, we are still on track to achieve full production by end-2021/early-2022 and look forward to improved extractive yields and operational efficiencies, with lower manpower and carbon footprint," he said. " At the Butterworth smelter, we are currently smelting the backlog of tin ore that has been accumulated during the pandemic. " Apart from that, we have also commenced the smelting of tin intermediates, which is expected to add further value to MSC. Furthermore, we plan to decommission the Butterworth plant in the next two to three years when the Pulau Indah plant is in a steady state," he said. As for our tin mining arm, Patrick said the company' s daily mining output has normalised with the resumption of full workforce capacity. " At the same time, we are continuously exploring ways to increase our overall mining productivity at the Rahman Hydraulic Tin mine in Klian Intan. " We are also open to potential joint venture arrangements to enhance our mining activities," he said. . . https://www.nst.com.my/business/2021/11/744906/malaysia-smelting-corp-posts-rm289mil-net-profit-revenue-rm2185mil-q3 |
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7ocean
Master |
01-Nov-2021 15:11
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LMT TIN Price rise US$38,700 m/t.. M' sia MSC Rise up to $2.90 Riggit
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