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Overview
Financial HighlightHeadlinesBusiness 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.
8 people like this. GreenMinerMSC Affin Hwang came out with a note saying earnings will come in between 20-25 mil for 2Q24. They maintain their Sell recommendation with an unchanged target price of $2.30. They think the mining side will do well but the smelter side will not as their tolling operations will be impacted by the export ban/constraints of tin from Myanmar and Indonesia. 02/08/2024 2:09 PM GreenMinerMSC MSC today closes lobang formed at $2.20 (08/03/2024) and $2.22 (11/03/2024) just when it started to blast off ahead of 1st Q 2024 earnings !! 05/08/2024 12:49 PM kl_guy this might be a good chance to pick up. When everyone is bearish , is it time to be bullish. 06/08/2024 9:50 AM GreenMinerMSC Con Call held this morning was generally positive with a stronger 2nd half ahead. Smelting ops back to normal after the rebricking exercise mid May to mid July , which shut down the furnace. Supply shortage of 3rd party ore for smelting also saw some easing. Smelting profits should rebound strongly in 2Half 2024. Tin prices sholud remain strong as demand outstrips supply globally. 15/08/2024 1:10 PM Seeking What about the few thousand tons of intermediates stock? Can’t smelting process them? 15/08/2024 1:17 PM abc333 civil war in myanmar and congo turn worst, tin price might sky rocket like 2022 16/08/2024 9:15 AM GreenMinerMSC Smelting of intermediates going on. There was a deduction of 12 mil in 2Q results under Eliminations/Adjustments which will be added back in 3Q. 16/08/2024 9:55 AM fregend seems like tin price is slowly climbing back to 35k, MSC should have better q ahead since done rebricking earlier 16/08/2024 10:23 AM GreenMinerMSC Profit for 3Q2023 was only 12 mil. This is a low hanging fruit for MSC to gobble up !! 4Q2023 profit was even lower at 9 mil , so the next 6 months should see some sustained buying interest as these numbers will be easily overcome with better results hopefully at several multiples times the 3Q and 4Q 2023 numbers. 20/08/2024 1:43 PM GreenMinerMSC It was from mid May to I think mid July. They acquired 2 rotary furnaces to take over the smelting of intermediates when the main furnace was undergoing rebricking. The problem is that one of the 2 also broke down , hence the lower amount of smelted products. They have now acquired a 3rd Rotary furnace as a back up to the backup. Hopefully, in future the Rotary furnaces can seamlessly continue the smelting work when the main furnace is under maintenance. I think they are also trying to reduce the time taken to rebrick by sourcing for new materials. This should address the once a year rebricking issue. 21/08/2024 11:13 AM Seeking Thanks greenminer. Look like the state of the art furnace not efficient. Down time 3 months, quite difficult to make good profit for smelting division. 21/08/2024 3:59 PM GreenMinerMSC CEO Datuk Yong's recent purchases clearly signal strong prospects ahead for MSC , starting with a resurging 3Q2024. 28/08/2024 9:22 AM 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 | |