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Overview
Financial Highlight
HeadlinesBusiness 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.
  GreenMinerMSC MSC ($2.40) - Announces an interim dividend of 7 sen. Ex on 9.10.24. The interim dividend of 7.0 sen per share translates to a dividend payout of RM29.4 million. This is 84% of the company's 1st Half24 earnings !! This is really telling us something. Very very few companies would pay out almost all their earnings as dividends UNLESS they are confident that going forward the earnings are going to be strong. In a silent way, they have telegraphed that they are confident that 2H24 earnings are finally going to be significantly better that 1H24 which was only $35 mil. 26/09/2024 11:32 AM GreenMinerMSC Today gone Ex for 7 sen dividend but stock has dropped much more than that🙄. Now doing 2.45 down 20 sen !! Low was 2.35 down 30 sen !!🙁 09/10/2024 10:32 AM Kyuki0509 GreenminerMSC The stock has been dropping after the ex dividend date. Do you still believe it’s a good stock? 23/10/2024 12:37 PM GreenMinerMSC Somebody has been selling it down everyday . The dividend was 7 sen but it has fallen 40 sen from ex date on 9th Oct, with 30 sen of the drop coming on the 9th itself. Not sure what the reasons are but the share price could be tracking Tin which has recently dropped from 34k to 31k . The 3Q 24 results are round the corner , probably around the 9th of Nov. 3Q 24 should be better than 3Q 23 ($9 mil) and 2Q 24 ($17 mil ). 23/10/2024 4:28 PM Kyuki0509 I regret to have bought this stock after having read your recommendation notes 23/10/2024 6:30 PM GreenMinerMSC Last year , MSC reported on Friday 17th Nov 23. This year probably on Friday 15th Nov 24 28/10/2024 11:02 AM ckwee168 what a surprise .. 2nd interim special dividend of 17 cents declared for the quarter .. taking 9 mths dividend payout to 24 cents thus far ... a dividend bonanza year indeed .. can expect another 7 cents final dividend payment next quarter :) 15/11/2024 5:52 PM Hansek sori la monday kita fly lor, already remind you buy still want show lcly with me 15/11/2024 5:54 PM Ahthau Good declaration to avoid extra 2 % tax over rm100 k income next year. Hopefully other listed companies will follow. Thanks Directors. 15/11/2024 6:59 PM KClow Hw0706 U should be careful n put ur money in fd rather than coming here la..😂 U wan careful.use condom U in the wrong place 16/11/2024 9:56 AM StarOfTheBull The company rarely did this in the past, apparently 24c dividend to be paid this year is to avoid 2% tax on dividend next year. Total dividend exceeded this year 9 months accumulated profit can also mean year 2025 profit is brought forward to this year as dividend. 16/11/2024 10:50 AM ckwee168 i bet to differ that this special dividend payout is to bring forward the dividend from 2025, though i have no privy to the insider's news; if we dissect its YTD 2024 earnings result, the key drag on its earnings is obviously from its smelting division including a loss in Q3 which management attributed to foreign exchange losses & lower smelting performance, taking the shine away from its stellar tin mining division; before commissioning of its new smelting facility at Pulau Indah late last year, smelting division generated at healthy PBT of RM60-70 million a year via its obsolete plant in Butterworth; but since running both plants concurrently, smelting division had struggled to make profit over the last 3 quarters due to higher overheads & manpower to run both plants in parallel; i would expect the PBT of the smelting division to normalize back to RM60-70 million a year (if not better) once the old Butterworth plant is completely decommission before end of 2025; and assuming that tin price can hold at the current level, we can expect an additional operating cash generation of RM60-70 million next year to support its generous dividend payout in the future (i.e. management has reiterated few times that it can achieve cost savings of 30% once the old Butterworth plant is being decommissioned but stop short of providing the actual figures); and i wouldn't discount entirely that the dividend is a foregone case next year ya .. in fact, i'm seeing a strong run to its share price once the RM60-70 million smelting business margins return :) 16/11/2024 2:03 PM KClow Good agree. But the key is what they going to do with butterworth plant?? Its a gold mine that land.. Worth how much??? 16/11/2024 6:24 PM KClow If its going to be for development will they sell it. ? Or develop it...tin mine to gold mine... WHAT U PEOPLE THINK.. Rm2.5 per share for butterworth land?? 16/11/2024 6:26 PM KClow 560k sq feet in butterworth worth how much u think? Freehold land. Valued in 2018@78mil Now ? 17/11/2024 12:06 AM KClow Once closed in 2025 revalue in 2026 how much u think For development how much can return?😁 17/11/2024 12:10 AM fesizabu123 MSC ($2.40) - Announces an interim dividend of 7 sen. Ex on 9.10.24. The interim dividend of 7.0 sen per share translates to a dividend payout of RM29.4 million. This is 84% of the company's 1st Half24 earnings !! This is really telling us something. Very very few companies would pay out almost all their earnings as dividends UNLESS they are confident that going forward the earnings are going to be strong. In a silent way, they have telegraphed that they are confident that 2H24 earnings are finally going to be significantly better that 1H24 which was only $35 mil. 17/11/2024 12:14 AM mf Dow Jones Dow Jones Industrial Average 43,444.99 -305.87 0.69% Nasdaq NASDAQ Composite 18,680.12 -427.52 2.23% 17/11/2024 1:44 AM Mak_kiah MSC investors, congratulations. Revenue stable ,sales increasing .that is what we want to see. 17/11/2024 8:29 PM Plantermen This stock hardly moved. Unless certain positive news flow. With the special 17 sen dividend announcement still stick at this price range. Need somebody to play up 19/11/2024 11:56 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
