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30/10 Report should be good result.. watch closely
7ocean ( Date: 11-Oct-2021 17:21) Posted:
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TIN Price brake trough US$37,000 M/T ... Tomorrow SMC another BIG Wave... Malaysia Plant all resume to production
7ocean ( Date: 11-Oct-2021 09:31) Posted:
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LMT brake US$36,125 /mt going to US$38000 soon
paul1688 ( Date: 20-Aug-2021 12:07) Posted:
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Picked this up on an analyst note on Straits Trading who own strategic stake in MSC
MSC &ndash a derivative play on electric vehicles, advanced robotics and renewables given that it is a key component in these industries. MSC is engaged in tin mining and smelting and remains profitable despite disruptions from COVID-19. Tin mining&rsquo s net profit jumped more than 5x yoy in 1H21 to RM36.2m while tin smelting made significantly lower losses of RM2.8m vs 1H20. As seen in the chart on RHS, tin prices have hit US$35,000/ton which are levels that have never been seen before for this commodity. MSC is currently exploring new deposits and JV mining arrangements to maximise productivity, after having raised daily mining output by 16% to 11 tonnes/day in 1H21. On the smelting side, the Pulau Indah smelter, which will improve production yield and capacity at a smaller carbon footprint, is on track to be fully commissioned by late-21/early-22.
MSC &ndash a derivative play on electric vehicles, advanced robotics and renewables given that it is a key component in these industries. MSC is engaged in tin mining and smelting and remains profitable despite disruptions from COVID-19. Tin mining&rsquo s net profit jumped more than 5x yoy in 1H21 to RM36.2m while tin smelting made significantly lower losses of RM2.8m vs 1H20. As seen in the chart on RHS, tin prices have hit US$35,000/ton which are levels that have never been seen before for this commodity. MSC is currently exploring new deposits and JV mining arrangements to maximise productivity, after having raised daily mining output by 16% to 11 tonnes/day in 1H21. On the smelting side, the Pulau Indah smelter, which will improve production yield and capacity at a smaller carbon footprint, is on track to be fully commissioned by late-21/early-22.
LME Tin Price break recoord high price US$36,594 / Tonnes
7ocean ( Date: 10-Aug-2021 13:14) Posted:
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Keep for Long Term... Target $2
chongpin ( Date: 10-Aug-2021 13:04) Posted:
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Malaysia Smelting Corp posts RM25 mil in net profit for 1H21
Saturday, August 7th, 2021MALAYSIA Smelting Corporation Bhd (MSC) has posted a net profit of RM25 million for the first half of 2021 (1HFY21) compared to a net loss of RM12.3 million for the corresponding period last year. (1HFY20).
In a stock exchange filing, the metal tin producer said its earnings turnaround was driven by an increase in tin production quality as well as higher average selling prices (ASP) of tin, which were 65% higher at RM111,450 per metric tonne (MT) in 1HFY21, compared to RM67,696 MT last year.
The tin mining segment generated a net profit of RM36.2 million for 1HFY21, representing a five-fold jump from RM6.6 million in 1HFY20, while its tin smelting arm reported a lower net loss of RM2.8 million in 1HFY21.
MSC said its revenue for the half year grew 72% year-on-year (YoY) to RM603 million from RM305 million the previous year.
It said despite the group&rsquo s operations being affected by the Movement Control Order (MCO) implemented on June 1, 2021, it had managed to deliver a net profit of RM2.9 million on the back of revenue of RM327.1 million in the second quarter of this year (2QFY21).
MSC CEO Datuk Dr.Patrick Yong said the group has benefited from the strong rise in tin prices which have now rallied to a 10-year high.
&ldquo Over the near term, tin prices are expected to continue to remain strong due to growing tin demand driven by its main use as solder in semiconductors, electronics, home appliances, solar photovoltaics, and even in lithium-ion batteries.&rdquo
&ldquo To enhance our competitive advantage as a global tin metal producer, MSC will continue to focus on strengthening our business fundamentals in terms of increasing production output and strengthening efficiencies across our tin mining and smelting divisions,&rdquo Yong said.
Yong added the progress at its new Pulau Indah smelter is still on track for full commissioning by end of 2021 or early 2022 as it gradually ramps up its production to 100%.
&ldquo The Top Submerged Lance (&ldquo TSL&rdquo ) furnace at the Pulau Indah facility will enhance our cost and operational efficiencies, with higher extractive yields and smaller ecological footprint &ldquo As for our tin mining activities, we remain focused on enhancing the overall mining productivity at the Rahman Hydraulic Tin mine in Klian Intan, in the state of Perak in addition to exploring new tin deposits. We are also exploring potential joint venture arrangements to enhance our mining activities,&rdquo he said.
Meanwhile, MSC also said it recently embarked on a private placement exercise of 20.0 million new shares, representing 5% of MSC&rsquo s total number of issued shares.
The exercise was completed on 2 August 2021, and managed to raise RM38.0 million, which will mainly be utilized for repayment of bank borrowings and working capital. .
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https://themalaysianreserve.com/2021/08/07/malaysia-smelting-corp-posts-rm25-mil-in-net-profit-for-1h21/
MSC 2Q21 profit triples, says on target for Pulau Indah plant commissioning by early 2022
August 06, 2021 19:40 pm +08KUALA LUMPUR (Aug 6): Malaysia Smelting Corp Bhd (MSC) reported today that its net profit more than tripled in the second quarter ended June 30, 2021 (2QFY21) to RM2.93 million from RM894,000 in the same quarter last year, supported by higher tin prices and production despite wider losses in the smelting segment due to the full movement control order (FMCO).
Quarterly earnings per share rose to 0.7 sen, from 0.2 sen in the same quarter last year, the group&rsquo s filing said.
On the weaker smelting segment performance, MSC said the inefficiency of aged equipment at the Butterworth facility has also affected the performance of MSC with lower furnace days and lower recovery of tin.
Revenue in the quarter jumped 126.15% to RM327.12 million, from RM144.65 million, as average tin prices near doubled while sales volume of refined tin rose.
For the six months ended June 30, 2021 (1HFY21), MSC returned to the black with a net profit of RM25.05 million or 6.3 sen per share, from a net loss of RM12.29 million or 3.1 sen per share in 1HFY20.
The improved results came as the group recorded lower losses in its tin smelting segment, largely due to reversal of inventories written down of RM24 million in 1HFY21 as opposed to RM14 million in 1HFY20. Additionally, the tin mining segment' s profit rose more than five-fold, again on higher tin prices and higher production.
Revenue, meanwhile, climbed 72.31% to RM603.02 million from RM349.96 million.
&ldquo This was mainly due to higher average tin prices for 1HFY21 of RM111,450 as compared with 1HFY20' s RM67,696 per metric tonne and higher sales quantity of refined tin in 1HFY21,&rdquo it said.
&ldquo Tin prices continue to trend upwards, lifted by continued demand for tin solder in consumer electronics, and supply disruptions due to lockdowns in tin producing countries around the world (Malaysia included), voluntary production cuts in Brazil and Indonesia, and political turmoil in Myanmar.
&ldquo The outlook for tin demand is promising from its continued use in semiconductors, electronics, home appliances, photovoltaics, automotive, and lithium-ion batteries,&rdquo MSC said.
&ldquo Our progress at the new Pulau Indah smelter is still on track for full commissioning by end-2021/early-2022, as we gradually ramp up production to 100%,&rdquo MSC group chief executive officer Datuk Dr Patrick Yong said in a separate statement.
&ldquo The Top Submerged Lance (TSL) furnace at the Pulau Indah facility will enhance our cost and operational efficiencies, with higher extractive yields and smaller ecological footprint,&rdquo Yong said.
&ldquo As for our tin mining activities, we remain focused on enhancing the overall mining productivity at the Rahman Hydraulic Tin mine in Klian Intan, in the state of Perak in addition to exploring new tin deposits. We are also exploring potential joint venture arrangements to enhance our mining activities,&rdquo he added.
Shares of MSC rose six sen or 2.9% to RM2.13, bringing its market capitalisation of RM894.6 million.
https://www.theedgemarkets.com/article/msc-2q21-profit-triples-says-target-pulau-indah-plant-commissioning-early-2022