Highlights
KLSE: MSC (5916)       MALAYSIA SMELTING CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.66   0.00 (0.00%)  2.62 - 2.71  1,061,400
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Overview

Market Cap: 1,064 Million
NOSH: 400 Million
Avg Volume (4 weeks):1,517,742
4 Weeks Range:2.13 - 2.86
4 Weeks Price Volatility (%):
72.60%
52 Weeks Range:0.675 - 2.93
52 Weeks Price Volatility (%):
88.03%
Average Price Target: 3.09
Price Target Upside/Downside: +0.43
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  07-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  07-Aug-2021
T4Q P/E | EY: 20.70  |  4.83%
T4Q DY | Payout %: 0.38%  |  7.78%
T4Q NAPS | P/NAPS: 1.06  |  2.51
T4Q NP Margin | ROE: 5.77%  |  12.13%

Headlines

Date Subject
22-Feb-2021 Mplus Market Pulse - 22 Feb 2021
22-Feb-2021 PublicInvest Research Headlines - 22 Feb 2021
17-Feb-2021 热门股:马熔锡机构 上挑RM3.07
07-Feb-2021 [Humbled Investor] Malaysia Smelting Corporation - MSC
28-Dec-2020 [Humbled Investor] MSC (Malaysian Smelting Corporation) - World's Top 3 Tin Smelter in the World
07-Dec-2020 百年老店改革奏效 马熔锡重新出发
08-Aug-2020 Potential stock with Bright Prospect - MSC
29-Jul-2020 Daily Technical Highlights - (MSC,MUDA)
08-May-2020 [PART 1] Is tin mining a sunset industry? Here's 7 reasons why MSC will be a growth stock in near future

Business Background

Malaysia Smelting Corp Bhd is a Malaysia-based investment holding company focuses on both smelting of tin concentrates and tin bearing materials. The company operates through three segments: Tin Smelting, Tin Mining, and Others. It is principally engaged in the manufacture and sale of solder products for jointing and semiconductor applications in the electrical and electronics industries. The Others segment includes investments in other metal and mineral resources. Most of the revenue comes from tin mining and smelting of tin concentrates, tin-bearing materials and from the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products.
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  7 people like this.
 
FCTITAN Setting the price on their own terms is good, but only one furnace out of 5 is working makes me wonder whether the ASP is enough to cover the loss in volumes.
05/05/2021 7:25 PM
Brookenzo Please read:


Our view: In 2020, MSC produced some 22,400 tonnes of refined tin. The furnace issues at Butterworth are expected to delay some 500 tonnes of refined tin production. However, Dr Yong expects the combination of the Butterworth and Port Klang smelters to be more than sufficient to recoup the lost production. “Together with the five furnaces at [Butterworth], we should be catching up with the hiccups caused by the Covid and breakdowns. We are grateful to have very understanding customers who have been bearing up with the situation.”


So if you have missed the boat below 2.40 ringgit
Don’t come here and talk nonsense about it’s furnace failure la
The ceo datok already explained and he know more than all of us whether he can cover the Downtime.
And it’s not a big amount.
Spread fear no use one. That day one marky smart marky already said operator listened to him and sell down. Has been missing for days already now 2.76 and again when we hit 3 plus and profit taking he will come out again as usual.
Look at June result then let’s see whether the current tin price helps or not.

I am heavily vested and so I am biased but I have facts and basis to back up.
Tin price is up is due to the supply is super short and this will only be better til 2023.
Win or lose do own diligence
05/05/2021 8:20 PM
toto Brookenzo, thank you for yr sharing
05/05/2021 8:24 PM
Brookenzo Bro Fctitan
FYI
It’s not 1 furnace which is working .

In communication with ITA, MSC chief executive officer Dato’ Dr Patrick Yong explained that the different furnaces will come back online over the next month. “One of them will be up and running today and another in one week” he said. “The third is expected to be on line in a month or so.”

And they are ramping up Pulau indah
So? Is it a lot of downtime ?
Not really.

Cheers
My views are biased though but if you have been following how the operator collect since February till now you will know it is in better shape to move to a different ground than before when it started from 80 cent and crashed down.

I am waiting to see 5 ringgit minimum soon
05/05/2021 8:26 PM
Brookenzo Brookenzo Next breakout 285-292 which may come soon.
Then finally the maiden number 3 ringgit
Hold tight tight believers
05/05/2021 11:53 AM

My breakout range touched 286 and then profit taking and flushed 276. Will try again 285-292. If break, then 300 will break for sure right after
Shortists and naysayers will think otherwise
To each his own. Do your own due diligence
05/05/2021 8:53 PM
FCTITAN Before i start commenting, Brookenzo bro I want you to know that I am not spreading fear as Im holding shares of MSC as well, and similarly to you Im also heavily vested. These "facts" im sharing here are not for fearmongering purposes, Im just sharing my worries of the company, getting some info and opinion from yall.

The "facts" are from this guy--- @METhompson72 from Twitter, this guy is a guy who seems to be very knowledgeable in the tin industry, and many of his posts lets you know tin news faster than the news. I also know of the news which you are referring, which are dated 20/4 and his post is just two hours ago, which states that MSC is working on one furnace only. So, I'm quite worried for the long term as he mentions this will continue until the end of the year. Due to his words carry some weight, I'm abit shook by this news. All these will only be clarified by the upcoming QR, i doubt it will be lackluster since the disruption in these few months which the furnace was affected will not be reflected in this upcoming QR. But when the tin prices are increasing but the company isnt benefited by it due to its production problems, it really makes me worry.
05/05/2021 8:58 PM
FCTITAN I've PMed the guy, asking whether his news on MSC running on one furnace is the latest news or what. I also forwarded him the 20/4 Dato Patrick Yong's statement, just waiting for his reply.
05/05/2021 9:04 PM
Brookenzo Bro FC
I am not saying you are fear mongering and I referring to someone else you know I know has sold way back and now sour grapes want it go lower to his price to buy back
I am also showing what ceo is telling in interview
If an insider who is so accurate than the ceo
Then that insider should be ceo n that ceo should be giving false representation to shareholders
One must also not forget MSC is a tin miner and not a smeltering company alone
He already mentioned that they are ramping up Pulau indah to more than make up for it
Don’t forget Pulau Indah efficiency
Anyway the whole commodity super cycle will not run forever
It will stay awhile and still everyone must have own exit plans later on
One can never buy the cheapest or sell the highest all the time unless you are always lucky
05/05/2021 9:30 PM
FCTITAN Ah, I see, thought the gun was pointed at me haha. Okay, thanks for the words, but I'm also keeping this insider's words at the back of my mind too hahaha. Hoping for better. Cheers.
05/05/2021 9:51 PM
Ibelieve Are you guys aware that there is only one and only Tin counter in KLSE? So is it unique enough?
05/05/2021 10:13 PM
oohlala Brookenzo, thanks for pointing out the interview newspiece. i was worried as Fctitan too after knowing the furnance down issue. However, it seems that is quite normal for the old smelting plant.

Statements below from the CEO is self explanatory. He clearly mention one (of the down furnance) will be back into service on the day of interview, NOT operating one furnance only.

<<<
1) In communication with ITA, MSC chief executive officer Dato’ Dr Patrick Yong explained that the different furnaces will come back online over the next month. “One of them will be up and running today and another in one week” he said. “The third is expected to be on line in a month or so.

2) Dr Yong expects the combination of the Butterworth and Port Klang smelters to be more than sufficient to recoup the lost production. “Together with the five furnaces at [Butterworth], we should be catching up with the hiccups caused by the Covid and breakdowns.
>>>

For those who interested to read, please find the link below.
https://www.internationaltin.org/msc-furnaces-fail-amidst-smelter-move/
05/05/2021 11:02 PM
brian3381 Talk is easy. Comodity is cyclical. Once buble burst all metal counters masuk longkang
05/05/2021 11:36 PM
Brookenzo brian3381 Cyclical la tis one. Even tin px high oso cannot reach back 270
22/04/2021 7:44 PM


Welcome back Mr Brain!
We all know commod are cyclical business
We also don’t know when the super cycle will end but one thing we know for sure is it has closed at 276 which is above what you have posted 2 weeks ago.
Mmmmm...
Masuk sayang
05/05/2021 11:56 PM
JSoang Ooi add add... market so bad. hahah..
06/05/2021 10:29 AM
brian3381 dun be the next longkang like gloves
06/05/2021 1:49 PM
Hafid Share price up and down. Better drop again.
06/05/2021 2:10 PM
toto Qr is coming out soon, right ????
06/05/2021 3:43 PM
JSoang Ooi next month la.. haha
06/05/2021 4:21 PM
toto Thank you ah
06/05/2021 4:38 PM
oohlala QR should release by this month.
06/05/2021 4:40 PM
JSoang Ooi this month?hmm.. usually is june la.. haha i don think is good ideal to release this month.. hahaha.. climb up more first la..
06/05/2021 4:46 PM
JSoang Ooi brian u stucked in glove stock? hmm.. dropping coz asp decreasing ma.. come join us here.. asp increasing..haha
06/05/2021 4:47 PM
Brookenzo QR 22 June
We have one month 2 weeks plus to play
Cheers
06/05/2021 6:38 PM
wallstreetrookie QR out no time to run. Because good earnings already priced in lmao
06/05/2021 9:12 PM
wallstreetrookie Limited upside but strong downside. Still have meat on the table but do you wanna take the risk unless your entry price is lower than insider I am talking about price below RM1.4
06/05/2021 9:13 PM
Brookenzo Lol
06/05/2021 9:19 PM
johnnygoodnews Tin
TIN DATE VALUE
LME Official Cash Ask ($/MT) 06 May $34,462.00
LME Official 3M Ask ($/MT) 06 May $30,235.00
07/05/2021 8:53 AM
chl1989 bunch of short sighted punters. earned penny then run funny
07/05/2021 2:03 PM
Hafid For. I have average rm1.00
07/05/2021 3:47 PM
Brookenzo How many here holding 1-2 mil shares raise your hand here ?
07/05/2021 3:58 PM
JSoang Ooi No wor.. I bet u r right brookenzo bro.. hehe
07/05/2021 5:04 PM
JSoang Ooi Qr out guys
07/05/2021 5:43 PM
brian3381 no surprise.... where is superduper result? might red next mon
07/05/2021 5:54 PM
JSoang Ooi Qr within expectation ah.. hahah.. don be so sour grape..haha..let's see on Monday lor..
07/05/2021 5:56 PM
JSoang Ooi The uncertainty on qr is now revealed..it is up to the Mr market to accept or not to accept it. Hehe.
07/05/2021 5:57 PM
brian3381 U stil expect rm5 with tis resultm i guess selldiwn tim
07/05/2021 6:07 PM
brian3381 Brikenzo shivering ka
07/05/2021 6:11 PM
chl1989 u expect 50mil then? haha
07/05/2021 6:18 PM
Hafid Result out
07/05/2021 6:29 PM
Hafid 30mil
07/05/2021 6:30 PM
brian3381 22mil je la
07/05/2021 7:03 PM
dalpinia Fantastic QR, next QR confirmed lagi bagus, then followed by year end when new plant up 100% then rm10!!!
07/05/2021 7:06 PM
brian3381 Oredi fuly valued la
07/05/2021 7:29 PM
Brookenzo Fantastic results
Woooohoooo. 3 ringgit coming
07/05/2021 7:35 PM
brian3381 Hahahahs, not rm5 meh? Cut tp ka
07/05/2021 7:40 PM
Brookenzo Brian, you talk Simi lj?
Never hit past 3 ringgit how to go 5 ringgit
Anyway the results is fantastic
Say all you like about how bad it is
One quarter 22 mil ringgit profit is what I projected
Equivalent to sgd 7 mil sgd
Next quarter even better and etc
Even with tin remaining the same price
7 mil sgd x 4
Will be 28 mil sgd profits
Which is 84 mil ringgit profits
Don’t deceive yourself Mr Brain. Fully valued ? U based on what .
Talk must talk with facts
Not just talk without substance to back up
07/05/2021 7:47 PM
Hafid MSC need more time to see the impact of new smelter.
07/05/2021 7:56 PM
chl1989 good quarter with bright prospect...apa investors mau lagi??
07/05/2021 9:28 PM
JSoang Ooi Haha investor is okay with result.. trader not happy only .hahaha
07/05/2021 9:52 PM
brian3381 I thought u oso said rm10 wor. No 5 no ten ka.? Beter u said rm20 la
07/05/2021 9:55 PM


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