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161-180 of 196
Expect to break $1 coming May
Straits trading laughing all the way as they hold 60percent of MSC.
Straits trading laughing all the way as they hold 60percent of MSC.
| LME Official Cash Ask ($/MT) | 20 Apr | $28,400.00 |
|---|---|---|
| LME Official 3M Ask ($/MT) | 20 Apr | $26,803.00 |
moving up yesterday both cash and futures tin.
Commodity bull run
tin and iron and copper
Hot stocks that could double in price
southernAlliance
FortressMinerals
Malaysian Smelting Corporation (MSC)
TWO iron ore plays on the Singapore Exchange, both Malaysian-based, have been quite the rage as steel mills make good money and inventories shrink on higher demand. As prices of the sought-after reddish metal trended higher, so have the shares of those that mine and sell it.
Catalist-listed Fortress Minerals, for instance, enjoyed record sales volume in the nine months to November last year (the company has a February year-end). Its net profit for Q3 FY2021 was nearly double that for FY2020, and the counter has gained 25 per cent this year to close at 37.5 Singapore cents on April 6.
The shares of its sector peer Southern Alliance Mining (SAM), which has a mine in Johor, Malaysia and is also listed on Catalist, have surged 61.1 per cent to 58 Singapore cents over the same period.
Despite lower sales volume across all products in the first half of FY2021, SAM' s revenue improved by nearly 8 per cent to RM152 million (S$50 million), thanks to an increase in the average realised selling price of iron ore concentrate. Net profit over the period jumped 47 per cent year on year to RM51 million.
tin and iron and copper
Hot stocks that could double in price
southernAlliance
FortressMinerals
Malaysian Smelting Corporation (MSC)
TWO iron ore plays on the Singapore Exchange, both Malaysian-based, have been quite the rage as steel mills make good money and inventories shrink on higher demand. As prices of the sought-after reddish metal trended higher, so have the shares of those that mine and sell it.
Catalist-listed Fortress Minerals, for instance, enjoyed record sales volume in the nine months to November last year (the company has a February year-end). Its net profit for Q3 FY2021 was nearly double that for FY2020, and the counter has gained 25 per cent this year to close at 37.5 Singapore cents on April 6.
The shares of its sector peer Southern Alliance Mining (SAM), which has a mine in Johor, Malaysia and is also listed on Catalist, have surged 61.1 per cent to 58 Singapore cents over the same period.
Despite lower sales volume across all products in the first half of FY2021, SAM' s revenue improved by nearly 8 per cent to RM152 million (S$50 million), thanks to an increase in the average realised selling price of iron ore concentrate. Net profit over the period jumped 47 per cent year on year to RM51 million.
Malaysia now trading 77cent
singapore now 72.5 cent
lagging 5 cent
coming soon.
malaysia bb is the best
singapore now 72.5 cent
lagging 5 cent
coming soon.
malaysia bb is the best
Tin
LME Official Cash Ask ($/MT) 19 Apr $27,940.00
LME Official 3M Ask ($/MT) 19 Apr $26,768.00
backwardation gap getting narrower
both values cash and futures going towards $30000/tonne
2.5 months of consolidation since hitting highest in February.
Breakeven cost $15000
anything above $15000 is pure profits for MSC
current profits $27940-$15000=$12940/tonne
Tonnes of inventories in MSC shall be revalue in coming June results plus tonnes of tin sold in last 3 months shall be reported.
expect 8-10 mil sgd in first quarter 2021 results
assuming every quarter make 8-10 mil sgd, that wil be like 32-40 mil sgd (96-120mil ringgit) for whole year 2021.
wow.
how much is it worth ?
dyodd. Part of portfolio is a must
Thought 26640 only ? So fast reach 27500 ... Excellent !
7ocean ( Date: 19-Apr-2021 17:41) Posted:
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Tin future price- 27,500
luckychiong99 ( Date: 19-Apr-2021 17:11) Posted:
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Wow , MSC quietly rising with nice closing today . Chart look very uptrend . Let' s cheer for it . Tmr Cheong Ahhh ........
Tin Futures - (TINc1)
RT-Derived
27,120.00 +480.00 +1.80%
02:57:39 - Real-time derived data. Currency in USD
Tin Futures - (TINc1)
RT-Derived
26,937.50 +297.50 +1.12%
02:16:22 - Real-time derived data. Currency in USD
highest in February 27430
almost near.
highest in February 27430
almost near.
Possible big run this week?
stay focus
see Malaysia side developments
stay focus
see Malaysia side developments
| LME Official Cash Ask ($/MT) | 16 Apr | $28,267.00 |
|---|---|---|
| LME Official 3M Ask ($/MT) | 16 Apr | $26,600.0 |
Tin cash May break 30000
Followed by tin futures
MSC huge inventories of tin in Malaysia stockpile waiting to sell to customers at huge profits
breakeven cost is 15000 as said by management
can you imagine tin selling at 30000 or 35000 or 40000 per tonne with the cost at 15000?
do your math and dyodd
this will be a super mid cap by 2022/23
$2-3 could be possible 2022/23
Good luck to you
watch the June results
will be fantastic
after which you may consider to hold for another few quarters
cheers
watch the June results
will be fantastic
after which you may consider to hold for another few quarters
cheers
7ocean ( Date: 16-Apr-2021 16:29) Posted:
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Thanks, Just Load. will kept until end of June.. let us Huat together
MBULLISH ( Date: 16-Apr-2021 15:30) Posted:
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https://www.google.com.sg/amp/s/mobile.reuters.com/article/amp/idUSKBN2B927C
there is simply not enough tin in this world now
tesla needs to use not only a lot of nickel but tin
50 pct of semiconductor solders need tin
now electric cars and bikes need tin
with tin at such pricing and supply limited,
everyone is placing orders just to get tin.
most of tin in London warehouse now is from Malaysia
and that is none other than from msc
MSC will soar in coming months in the next 2/3 years
tin future now almost 27000. It is poised to break past 30000.
let' s wait and see.
tin stocks like msc will benefit the most
there is simply not enough tin in this world now
tesla needs to use not only a lot of nickel but tin
50 pct of semiconductor solders need tin
now electric cars and bikes need tin
with tin at such pricing and supply limited,
everyone is placing orders just to get tin.
most of tin in London warehouse now is from Malaysia
and that is none other than from msc
MSC will soar in coming months in the next 2/3 years
tin future now almost 27000. It is poised to break past 30000.
let' s wait and see.
tin stocks like msc will benefit the most
7ocean ( Date: 16-Apr-2021 15:11) Posted:
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4-5 ringgit coming June
frying up for the results
results could be doubled the previous ones
25-30 mil ringgit profit coming June report results
previous quarter 15 mil ringgit profit
malaysia now 2.21 ringgit which is 74 cent sgd
singapore 70 cent sgd
undervalued by 4 cent
similar scenario of such dual listing arbitrage
mehgamani listed in Singapore and India
singapore $1
India $2 plus.
singapore side undervalued
back to tin.
tin is poised to break 30000 usd/tonne.
MSC latest technology can produce another 50pct more yield than old technology
with rising tin price and state of art technology first in the world, its revenue and profit is going to soar
not only that, after it vacant its Penang land, it will joint venture with straits trading to build many hectares of residential and commercial buildings in prime area of Penang.
MSC is a big mid cap in the making
it should be in collector' s portfolio
buy and keep.
5 ringgit is possible soon which is $1.65-$1.70
Dyodd and good luck 😉
frying up for the results
results could be doubled the previous ones
25-30 mil ringgit profit coming June report results
previous quarter 15 mil ringgit profit
malaysia now 2.21 ringgit which is 74 cent sgd
singapore 70 cent sgd
undervalued by 4 cent
similar scenario of such dual listing arbitrage
mehgamani listed in Singapore and India
singapore $1
India $2 plus.
singapore side undervalued
back to tin.
tin is poised to break 30000 usd/tonne.
MSC latest technology can produce another 50pct more yield than old technology
with rising tin price and state of art technology first in the world, its revenue and profit is going to soar
not only that, after it vacant its Penang land, it will joint venture with straits trading to build many hectares of residential and commercial buildings in prime area of Penang.
MSC is a big mid cap in the making
it should be in collector' s portfolio
buy and keep.
5 ringgit is possible soon which is $1.65-$1.70
Dyodd and good luck 😉
7ocean ( Date: 16-Apr-2021 15:11) Posted:
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What' s your target price
MBULLISH ( Date: 16-Apr-2021 15:00) Posted:
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Not for contra
strictly for pick up as part of core portfolio and wait for Malaysia side to fry up and it will follow.
should be by end April hopefully
Huat
strictly for pick up as part of core portfolio and wait for Malaysia side to fry up and it will follow.
should be by end April hopefully
Huat
7ocean ( Date: 16-Apr-2021 13:34) Posted:
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Sleeping counter since from yrs 2015
MBULLISH ( Date: 16-Apr-2021 09:05) Posted:
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Tin futures catching up with tin cash price soon
Backwardation gap is closing
https://www.fastmarkets.com/commodities/base-metals/prices/tin-prices
Tin futures is 1000 usd away from its February high.
Breaking out will trigger all tin stocks run.
Get ready to run up MSC Malaysia and Singapore
Hope to see 3 ringgit in May.
June is the result
Backwardation gap is closing
https://www.fastmarkets.com/commodities/base-metals/prices/tin-prices
Tin futures is 1000 usd away from its February high.
Breaking out will trigger all tin stocks run.
Get ready to run up MSC Malaysia and Singapore
Hope to see 3 ringgit in May.
June is the result