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This Gem are coming back... Tin Price back to USD 28,000/ Ton... Target for this Gem $1
sengkang ( Date: 13-Jan-2023 10:16) Posted:
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Tin prices has moved from the bottom US$18K/mt to present US$26~27K/mt level.
Share prices moving up in line with bullish demand sentinment from China post covid economic policy.
Quietly on the uptrend trajectory.
Share prices moving up in line with bullish demand sentinment from China post covid economic policy.
Quietly on the uptrend trajectory.
Results not unexpected as tin price has peaked in Mar' 22 at approx US$48,800/MT and fell to slightly below US$18,000/MT in Nov' 22.
Current price at ard US$22,600/MT indicates the worse is over.
Question remains how the impending global recession will impact tin consumption and demand.
China' s covid issues need to be resolved or stabilise before things can get better for this counter.
Current price at ard US$22,600/MT indicates the worse is over.
Question remains how the impending global recession will impact tin consumption and demand.
China' s covid issues need to be resolved or stabilise before things can get better for this counter.
Joelton ( Date: 22-Nov-2022 08:46) Posted:
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Malaysia Smelting Corp sinks into the red with RM31.3m loss in Q3
MAINBOARD-LISTED Malaysia Smelting Corp : NPW -9.26% (MSC) sunk into the red with a net loss of RM31.3 million (S$9.4 million) for its third quarter ended Sep 30, 2022, reversing the RM28.9 million net profit a year ago. This was despite a growth in revenue.
The net loss was exacerbated by longer-than-expected furnace outage due to logistic delay to secure specialised materials and higher operating costs, MSC said in a Monday (Nov 21) bourse filing. Its revenue stood at RM344.1 million in Q3, compared to RM218.5 million the previous year.
Both the group&rsquo s smelting and mining businesses&rsquo performances were dragged down by a sharp drop in tin prices, the tin miner and metal producer said. Average tin prices for the quarter fell by 26 per cent to RM104,700 per tonne from the previous year&rsquo s RM141,900 per tonne.
&ldquo The decline can be attributed to a myriad of factors including concerns of a global recession which led to lower tin demand, compounded by the intermittent lockdowns in China following its zero-Covid policy,&rdquo said MSC.
Its smelting arm posted a net loss of RM46 million for the quarter, against a profit of RM4.9 million last year net profit for its mining operations fell 72.6 per cent to RM8 million on the back of lower tin prices and a RM4.7 million one-off provision for a legal case settlement.
Loss per share stood at 7.5 Malaysian sen for the period, compared to the 7 Malaysian sen earnings per share in Q3 2021. No dividend was declared for the quarter, unchanged from a year ago.
MSC&rsquo s group chief executive officer Patrick Yong said: &ldquo We are strengthening MSC&rsquo s foundation to allow us to better address the challenges and withstand external headwinds. Nonetheless, tin&rsquo s long-term prospects remain positive as tin has been identified as a key component in emerging technologies, including for lithium-ion batteries for electric vehicles.&rdquo
TIN Commodity
US$ 48,660.00 +1,346.50 +2.85%
07:54:00 AM
8 Mar 2022
8 Mar 2022
TIN Commodity
US$ 46,650.00 +512.50 +1.11%
10:01:00 AM
4 Mar 2022
4 Mar 2022
TIN Commodity
US$ 46,137.50 +162.50 +0.35%
08:11:00 AM
3 Mar 2022
3 Mar 2022
Malaysia Smelting Corp posts 131% surge in Q3 net profit on rising tin demand
MAINBOARD-LISTED Malaysia Smelting Corp (MSC) posted a 130.8 per cent surge in net profit to RM28.9 million (S$9.4 million) for its third quarter ended Sep 30, up from RM12.5 million a year ago.
The company said that the strong performance comes on the back of higher-than-average tin prices, which hit RM141,915 per metric tonne (MT) in the quarter, 92.5 per cent higher than RM73,708 per MT recorded the year before.
MSC' s tin-mining segment recorded profit before tax of RM38.7 million in the quarter, up from S$10 million a year ago on the higher average selling price of tin. Profit before tax in the company' s tin-smelting segment fell to RM7 million from RM10.6 million a year ago.
However, revenue for the quarter declined 5.3 per cent to RM218.5 million, from RM230.8 million a year earlier.
The company attributed this to lower refined tin production and tin concentrates production quantities due to the gradual restart of smelting and mining operations during Phase 2 of Malaysia' s national recovery plan.
MSC' s net profit for the 9 months ended Sep 30 soared to RM54 million revenue rose 41 per cent in the period to RM821.5 million.
It noted that while the refined tin production quantity was lower during the period as a result of the Full Movement Control Order (FMCO) 3.0 implemented in Malaysia, higher tin prices negated the effect of lower production and resulted in higher group revenue.
MSC' s group chief executive officer Patrick Yong said that the group has done well despite constraints arising from the FMCO. He expects that MSC will continue to benefit from favourable tin prices in the near term as tin demand rises for products such as consumer electronics, photovoltaics and electric vehicles.
He said: " As we move ahead, we will focus on increasing production output and improving efficiencies across the group, while staying vigilant of the Covid-19 developments to maintain business continuity with strict adherence to standard operating procedures."
SGX (as at 16 Jul 2021 closing)
Bid/Offer S$0.610/S$0.640, $0.000-$0.000, Last Done NA (prev. closing S$0.600)
Bursa Msia:
Bid/Offer RM1.98/RM2.00, RM1.93-2.04, Last Done RM1.98 or S$0.6366 (S$/RM @3.1102 mid rate)
Bid/Offer S$0.610/S$0.640, $0.000-$0.000, Last Done NA (prev. closing S$0.600)
Bursa Msia:
Bid/Offer RM1.98/RM2.00, RM1.93-2.04, Last Done RM1.98 or S$0.6366 (S$/RM @3.1102 mid rate)
SGX
Bid/Offer S$0.590/S$0.645, $0.000-$0.000, Last Done NA (prev. closing S$0.595)
Bursa Msia:
Bid/Offer RM1.77/RM1.78, RM1.74-1.83, Last Done RM1.78 or S$0.5768 (S$/RM @3.0860 mid rate)
Bid/Offer S$0.590/S$0.645, $0.000-$0.000, Last Done NA (prev. closing S$0.595)
Bursa Msia:
Bid/Offer RM1.77/RM1.78, RM1.74-1.83, Last Done RM1.78 or S$0.5768 (S$/RM @3.0860 mid rate)
Malaysia Smelting appeals to resume operations at 60% workforce capacity amid MCO 3.0
THU, JUN 10, 2021 - 9:21 AM
THE Straits Trading Company on Thursday announced that its subsidiary, Malaysia Smelting Corporation (MSC), has temporarily suspended its tin mining and smelting operations in Malaysia from June 4 to 14 pursuant the country' s Movement Control Order 3.0.
This is expected to impact MSC' s operations and financial performance for the fiscal year ending Dec 31, 2021 - although the company " is unable to ascertain the extent of the impact" at this juncture, according to MSC in a copy of its June 9 announcement filed with the Singapore Exchange.
MSC has appealed to the relevant government agencies to be allowed to operate at 60 per cent workforce capacity " as a key supplier to the global tin supply-chain" - in line with the standard operating procedures set by Malaysia' s Ministry of International Trade and Industry.
It has also issued a notice of force majeure to its customers, as the disruption in production will lead to a slowdown in MSC' s scheduled delivery of tin metal.
All contractual obligations have also been suspended with immediate effect.
" The company will notify the customers of the termination or cessation of the force majeure notice as soon as we are able to resume the level of operations that will enable MSC to meet its contractual obligations," said MSC in its June 9 announcement.
As at 9.13am on Thursday, Straits Trading was up S$0.01 or 0.4 per cent at S$2.86, while shares of MSC on the Singapore Exchange were flat at S$0.65. https://www.businesstimes.com.sg/companies-markets/malaysia-smelting-appeals-to-resume-operations-at-60-workforce-capacity-amid-mco
will contribute positively to Straits Trading 
7ocean ( Date: 29-May-2021 10:31) Posted:
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SGX
Bid/Offer S$0.670/S$0.690, $0.640-$0.685, Last Done S$0.670
Bursa Msia:
Bid/Offer RM2.18/RM2.20, RM2.12-2.23, Last Done RM2.20 or S$0.7034 (S$/RM @3.1274 mid rate)
Bid/Offer S$0.670/S$0.690, $0.640-$0.685, Last Done S$0.670
Bursa Msia:
Bid/Offer RM2.18/RM2.20, RM2.12-2.23, Last Done RM2.20 or S$0.7034 (S$/RM @3.1274 mid rate)
Wow.. LME Tin Cash Price sky high USD 33,456
chongpin ( Date: 19-May-2021 10:14) Posted:
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Bid/Offer S$0.780/S$0.800, $0.790-$0.790, Last Done S$0.79
Bursa Msia:
Bid/Offer RM2.42/RM2.43, RM2.42-2.46, Last Done RM2.42 or S$0.7803 (S$/RM @3.1013 mid rate)
Bursa Msia:
Bid/Offer RM2.42/RM2.43, RM2.42-2.46, Last Done RM2.42 or S$0.7803 (S$/RM @3.1013 mid rate)
7ocean ( Date: 18-May-2021 16:38) Posted:
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My Super train coming Back... Cheong ar
7ocean ( Date: 10-May-2021 10:56) Posted:
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what happen to this counter.. malaysia drop so many
MBULLISH ( Date: 09-May-2021 12:31) Posted:
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Yes dividend coming
but it' s not about dividend
Its about tin price hitting a new century high
that' s what is going to excite shareholders
imagine tin price hit 50000 usd per tonne?
thafs crazy profits for msc
but it' s not about dividend
Its about tin price hitting a new century high
that' s what is going to excite shareholders
imagine tin price hit 50000 usd per tonne?
thafs crazy profits for msc
Any dividend announcement
MBULLISH ( Date: 08-May-2021 07:05) Posted:
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nice ...... this will contribute favorably to Straits Trading bottom line 