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15.86 mil ringgit profit 4Q20 based on 18000/tonne tin selling price
Expect 25-30 mil ringgit profit 1Q21 based on 25000/tonne selling price( June announcing results)
For many quarters to come, if tin price continues the bullish mode and trend or breaking new high, the profits for the whole year will be enormous.
This will be a $1 plus stock a matter of time
Buy and have some in your portfolio
A good mid cap in the making
60 percent own by Straits holding
If this go up to $1.65, straits holding will revaluate upwards $4 plus as it holds 60 pct of MSC
Dyodd.
Both are good stocks to hold for next 3 years
Expect 25-30 mil ringgit profit 1Q21 based on 25000/tonne selling price( June announcing results)
For many quarters to come, if tin price continues the bullish mode and trend or breaking new high, the profits for the whole year will be enormous.
This will be a $1 plus stock a matter of time
Buy and have some in your portfolio
A good mid cap in the making
60 percent own by Straits holding
If this go up to $1.65, straits holding will revaluate upwards $4 plus as it holds 60 pct of MSC
Dyodd.
Both are good stocks to hold for next 3 years
Malaysia Smelting Corp Bhd returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20), posting a net profit of RM15.86 million from a net loss of RM15.95 million.
In a bourse filing, the group attributed the improved earnings to higher tin prices and the reversal of written down inventories worth RM21.1 million during the group?s most recent financial quarter.
The company has declared a dividend of one sen per share. For the full financial year ended Dec 31, 2020 (FY20), the tin company?s total dividend declared is one sen per share, from two sen in the previous financial year.
Meanwhile, the group?s revenue grew 27.3% year-on-year (y-o-y) to RM232.57 million in 4QFY20 from RM182.73 million a year prior.
On a quarter-on-quarter (q-o-q) basis, the group saw its net profit increase by 26% to RM15.86 million from RM12.54 million in the immediate preceding quarter. Quarterly revenue was almost flat, barely 1% higher at RM232.57 million from RM230.83 million in 3QFY20.
Annual net profit for FY20, however, slid by 48% y-o-y at RM16.1 million in FY20 from RM30.69 million in FY19. FY20?s revenue was down 17% at RM813.36 million, from RM983.57 million.
In a separate statement, Malaysia Smelting Corp chief executive officer (CEO) Datuk Dr Patrick Yong said that the group?s core operations remain resilient as it continues to execute its ongoing rationalisation initiatives to enhance efficiencies.
?Our plan to fully commission the new smelting facility in Pulau Indah is on track for late-2021 or early-2022. The new smelter is anticipated to significantly increase our production capacity by 50% to 60,000 tonnes per year using the cutting-edge Top Submerged Lance (TSL) furnace, with lower operational costs and carbon footprint. At the moment, testing and commissioning works are being carried out to ensure smooth operations before taking over entirely the smelting activities from the old Butterworth plant,? he noted.
Yong added that it is focused on enhancing its overall mining productivity. He added that at it is exploring new tin deposits in its Rahman Hydraulic Tin mine in Klian Intan, as well as introducing new technologies to increase its daily mining output at the site. Its Sungai Lembing mine has seen minimal activities commencing with minimal average production. To expand its mining activities, Yong added that the firm is looking at exploring joint venture arrangements.
?Looking ahead, we are positive on the outlook of the MSC Group driven by our rationalisation efforts and the interest in the tin industry. For 2021, we are already seeing tin consumption recover with LME 3-month tin price soaring to seven-year highs of US$23,443/tonne in February 2021 as supply strives to meet demand.
In a bourse filing, the group attributed the improved earnings to higher tin prices and the reversal of written down inventories worth RM21.1 million during the group?s most recent financial quarter.
The company has declared a dividend of one sen per share. For the full financial year ended Dec 31, 2020 (FY20), the tin company?s total dividend declared is one sen per share, from two sen in the previous financial year.
Meanwhile, the group?s revenue grew 27.3% year-on-year (y-o-y) to RM232.57 million in 4QFY20 from RM182.73 million a year prior.
On a quarter-on-quarter (q-o-q) basis, the group saw its net profit increase by 26% to RM15.86 million from RM12.54 million in the immediate preceding quarter. Quarterly revenue was almost flat, barely 1% higher at RM232.57 million from RM230.83 million in 3QFY20.
Annual net profit for FY20, however, slid by 48% y-o-y at RM16.1 million in FY20 from RM30.69 million in FY19. FY20?s revenue was down 17% at RM813.36 million, from RM983.57 million.
In a separate statement, Malaysia Smelting Corp chief executive officer (CEO) Datuk Dr Patrick Yong said that the group?s core operations remain resilient as it continues to execute its ongoing rationalisation initiatives to enhance efficiencies.
?Our plan to fully commission the new smelting facility in Pulau Indah is on track for late-2021 or early-2022. The new smelter is anticipated to significantly increase our production capacity by 50% to 60,000 tonnes per year using the cutting-edge Top Submerged Lance (TSL) furnace, with lower operational costs and carbon footprint. At the moment, testing and commissioning works are being carried out to ensure smooth operations before taking over entirely the smelting activities from the old Butterworth plant,? he noted.
Yong added that it is focused on enhancing its overall mining productivity. He added that at it is exploring new tin deposits in its Rahman Hydraulic Tin mine in Klian Intan, as well as introducing new technologies to increase its daily mining output at the site. Its Sungai Lembing mine has seen minimal activities commencing with minimal average production. To expand its mining activities, Yong added that the firm is looking at exploring joint venture arrangements.
?Looking ahead, we are positive on the outlook of the MSC Group driven by our rationalisation efforts and the interest in the tin industry. For 2021, we are already seeing tin consumption recover with LME 3-month tin price soaring to seven-year highs of US$23,443/tonne in February 2021 as supply strives to meet demand.
Tin price is shooting through the roof now in Europe trading
the good effect might spill over to Malaysia side tomorrow
Malaysia today 74 cent sgd
singapore 70 cent sgd
lagging narrower by 4 cent
the good effect might spill over to Malaysia side tomorrow
Malaysia today 74 cent sgd
singapore 70 cent sgd
lagging narrower by 4 cent
Bro, will shoot through the roof of February once again
BBs have accumulated enough for the June results
waiting for push past 3 ringgit ( singapore $1)
malaysia last hour see will push or not.
singapore will follow
BBs have accumulated enough for the June results
waiting for push past 3 ringgit ( singapore $1)
malaysia last hour see will push or not.
singapore will follow
SlothSG ( Date: 23-Feb-2021 21:36) Posted:
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Malaysia 2.34 ringgit now aka 78 cent sgd
Singapore 73 cent now
Lagging 5 cent
2 months time 1Q results mind blowing expect Malaysia price to soar 4/5 ringgit. That?s how Malaysians play
Singapore should be $1.65 by June
Buy for dual listing pricing play.
Hold tight tight like straits trading
Undervalued gem
Singapore 73 cent now
Lagging 5 cent
2 months time 1Q results mind blowing expect Malaysia price to soar 4/5 ringgit. That?s how Malaysians play
Singapore should be $1.65 by June
Buy for dual listing pricing play.
Hold tight tight like straits trading
Undervalued gem
Yesterday is the start of Malaysia?s MSC run up in share price.
Downtrend from Feb for 2 months to April, finally rebounded with volume.
At current tin price, the coming results of MSC in June might double in 1Q21
4Q20 15.5 mil ringgit profit based on tin price of 18000/tonne
1Q21 ?? Mil ringgit profit based on tin price average 25000/tonne
Depending on the volume sold as worldwide is shortage of tin and most LME warehouse get from Malaysia which is from MSC
Malaysia now trading 77.6 cent (2.33 ringgit)
Singapore last done 67cent
10 cent lagging.
Hop on this wagon and it?s going to fly. Let Malaysia bb fry it up to 5 ringgit($1.66)
Next 3 years tin will be scarce.
Tin price if go beyond 50000 as what one commodity fund ceo predicted, then MSC May reach the price of straits trading and in turn will help straits trading go ballistic value.
Long term mid cap in making.
Dyodd
Downtrend from Feb for 2 months to April, finally rebounded with volume.
At current tin price, the coming results of MSC in June might double in 1Q21
4Q20 15.5 mil ringgit profit based on tin price of 18000/tonne
1Q21 ?? Mil ringgit profit based on tin price average 25000/tonne
Depending on the volume sold as worldwide is shortage of tin and most LME warehouse get from Malaysia which is from MSC
Malaysia now trading 77.6 cent (2.33 ringgit)
Singapore last done 67cent
10 cent lagging.
Hop on this wagon and it?s going to fly. Let Malaysia bb fry it up to 5 ringgit($1.66)
Next 3 years tin will be scarce.
Tin price if go beyond 50000 as what one commodity fund ceo predicted, then MSC May reach the price of straits trading and in turn will help straits trading go ballistic value.
Long term mid cap in making.
Dyodd
subsidiary of Straits Trading ........ glad the price shoot thru the roof 
katak88 ( Date: 23-Feb-2021 14:45) Posted:
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Tin-buying frenzy sends prices to seven-year high
FEBRUARY 15 2021Tin prices have soared to a seven-year high after a manufacturing-driven buying frenzy that has drained physical stocks of the commodity.
https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406
katak88 ( Date: 04-Feb-2021 16:16) Posted:
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Tin futures price keep break new high true damn crazy . But why Singapore prices still lagging if compared with Malaysia ? It's better to invest in SG more than Msia .
MSC will be next Top Glove scenario ?
I look forward MSC to breaking through $1 at any time .
Countdown MSC becomes the next most explosive stock , let's wait and see 🙏 🙏 🙏
Room to go up to $1.
Grab on dips....
Grab on dips....
Tin price hit record high 25000 usd/tonne.
MSC operating costs is 15000 usd/ tonne.
At such tin price, MSC is going to report record pat profits estimate 30mil ringgit this quarter and 55 mil ringgit next quarter. They are running 2 mines now and increasing capacity. Once the Penang mine is fully shifted to Selangor, the Penang land of 20 hectares will jv with straits trading( mother of MSC) who is also holding around 20 hectares next door. Total 40 hectares they going to develop into Penang most impressive condo and mixed developments. This land is worth at least 10 ringgit per share for MSC. Not forgetting its existing tin mining business and being world third largest tin producer, they are definitely going to soar in the next 3 years on record revenue and profits.
At current Malaysia 2.32 ringgit which is 77 cent sgd, it could be potentially worth 15 ringgit by 2022 end, what are you waiting for?
Now is 71 cent sgd, 15 ringgit is around $5 sgd in 2022 Dec.
Dyodd.
Malaysians are buying it like glove earlier on. Don?t be last to enter tin bull run.
Wow MSC Malaysia 77 cent already
Here still 70.5
Super lagging.
Time for price catch up Singapore ! 加 油 MSC 💪 💪 💪
katak88 ( Date: 05-Feb-2021 09:28) Posted:
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SGX:
Bid/Offer S$0.70/S$0.71 Last Done S$0.705
Bursa Msia:
Bid/Offer RM2.31/RM2.32 Last Done RM2.31
Bid/Offer S$0.70/S$0.71 Last Done S$0.705
Bursa Msia:
Bid/Offer RM2.31/RM2.32 Last Done RM2.31
The rise and rise of tin prices.
http://markets.businessinsider.com/commodities/tin-price
jasonrxz ( Date: 29-Jan-2021 16:47) Posted:
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anyone know anything about this Gem ??
In uncharted territory and seems buying non stop
In uncharted territory and seems buying non stop
Tin has been on a roll recently
Didn?t know that it has gone up so much from 20 plus and still going strongly
Iron commodities also coming up
Looks like a year for commodities 2011 after pandemic
Didn?t know that it has gone up so much from 20 plus and still going strongly
Iron commodities also coming up
Looks like a year for commodities 2011 after pandemic