Highlights
KLSE: MSC (5916)       MALAYSIA SMELTING CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.56   -0.01 (0.64%)  1.55 - 1.61  1,467,400
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Financials


Market Cap: 624 Million

Market Cap 624 Million
NOSH 400 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 30-Jun-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 30-Jun-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  30-Sep-2020 [#3]

Latest Quarter: 30-Sep-2020 [#3]
Announcement Date 30-Oct-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 20-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   1,302.46%  |    -58.96%

Annual (Unaudited) ( EPS: 8.40, P/E: 18.64 )

Revenue | NP to SH 983,567  |  33,477
RPS | P/RPS 245.89 Cent  |  0.63
EPS | P/E | EY 8.40 Cent  |  18.64  |  5.36%
DPS | DY | Payout % 2.00 Cent  |  1.28%  |  23.90%
NAPS | P/NAPS 0.93  |  1.68
YoY   -2.39%
NP Margin | ROE 3.40%  |  9.00%
F.Y. | Ann. Date 31-Dec-2019  |  20-Feb-2020

T4Q Result ( EPS: -3.23, P/E: -48.31 )

Revenue | NP to SH 763,517  |  -12,917
RPS | P/RPS 190.88 Cent  |  0.82
EPS | P/E | EY -3.23 Cent  |  -48.31  |  -2.07%
DPS | DY | Payout % 2.00 Cent  |  1.28%  |  - %
NAPS | P/NAPS 0.91  |  1.71
QoQ | YoY   -353.37%  |    -120.76%
NP Margin | ROE -1.69%  |  -3.55%
F.Y. | Ann. Date 30-Sep-2020  |  30-Oct-2020

Annualized Result ( EPS: 0.13, P/E: 1,918.03 )

Revenue | NP to SH 774,380  |  325
RPS | P/RPS 193.60 Cent  |  0.81
EPS | P/E | EY 0.13 Cent  |  1,918.03  |  0.05%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   101.32%  |    -99.48%
NP Margin | ROE 0.04%  |  0.09%
F.Y. | Ann. Date 30-Sep-2020  |  30-Oct-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 2 / 4 50.00% 6 / 8 75.00%
Continuous Quarters Of Positive Profit 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Profit Growth 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Adjusted EPS Growth 2 / 4 50.00% 2 / 8 25.00%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -0.89% 1.68%
Average Net Profit Margin -1.89% 2.27%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 4 / 5 80.00% 6 / 10 60.00%
Continuous Years Of Positive Profit 4 / 5 80.00% 4 / 10 40.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 4 / 5 80.00% 6 / 10 60.00%
Continuous Years Of Dividend 4 / 5 80.00% 4 / 10 40.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 7.13% -5.18%
Average Net Profit Margin 1.88% -0.32%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 763,517 774,380 983,567 1,816,367 1,328,689
NP to SH -12,917 325 33,477 -6,872 23,271
Dividend 8,000 - 8,000 4,823 5,597
Adjusted EPS -3.23 0.13 8.40 -1.71 5.83
Adjusted DPS 2.00 0.00 2.00 1.21 1.40

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 59.58% 12.98% -27.48% 20.93% -0.29%
NP to Owner 1,302.46% -58.96% -99.48% 488.26% 103.39%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS 1,450.00% -59.21% -99.15% 475.76% 101.63%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue -22.37% -42.54% -57.96% -21.27% -41.72% -57.37% -23.21% -25.97% -45.85%
NP to Owner -138.58% -155.50% -87.97% -99.03% -98.60% 104.73% -2.39% 43.85% 587.15%
Dividend 0.00% 42.91% 65.84% - % - % - % 0.00% 42.91% 65.84%
Adj. EPS -138.45% -155.41% -88.63% -98.45% -97.77% 107.59% -2.33% 44.10% 590.55%
Adj. DPS 0.00% 42.91% 65.84% - % - % - % 0.00% 42.91% 65.84%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  7 people like this.
 
skycity6888 However, with the resumption of economic activities following the Conditional MCO, the group restarted its tin mining and smelting activities at full capacity, resulting in a third-quarter net profit of RM12.54 million against a cumulative net loss of RM12.29 million for the first two quarters. Revenue for the quarter amounted to RM230.83 million.

Over the past month, MSC shares have gained 49%, and last Thursday’s close of RM1.04 gave it a market capitalisation of RM416 million.

Rising tin prices have also had an impact on Johore Tin Bhd, which derives 25% of its revenue from tin manufacturing.

“Tin is one of the main packaging types of Johore Tin, thus solely from an input cost perspective, there will be an increase in material costs. However, looking at the pricing mechanism of Johore Tin, they are generally able to pass through the cost, albeit, with a few months’ lag.
solely from an input cost perspective, there will be an increase in material costs. However, looking at the pricing mechanism of Johore Tin, they are generally able to pass through the cost, albeit, with a few months’ lag.

“Besides that, they have also optimised their tin production through strategic consolidation of their facility, which has helped support profitability,” says TA Securities ­equity research analyst Jeff Lye.

However, tin manufacturing is not the group’s core competency as the bulk of its revenue is derived from the food and beverage segment — principally, the manufacture and sale of milk and other related dairy products.

Year to date, Johore Tin’s share price has appreciated 11%. It closed at RM1.92 last Thursday, which translates into a market capitalisation of RM590.5 million.

As for beverage manufacturer and distributor Fraser & Neave Holdings Bhd (F&N), which uses tin plates for its canned milk business, there will be some cost pressure with rising tin prices.

“Our policy is to hedge some of our raw material requirements ahead and this will help to mitigate some of the impact. Furthermore, we have innovated and introduced the pouch as a packaging format to reduce our dependence on tin cans, although this is a smaller format at this moment,” a company spokesperson says in an email response to The Edge.

On whether this would translate into higher selling prices for F&N’s canned products, the spokesperson says, “As with any business, we need to manage every cost pressure and watch our bottom line. We will only implement a price increase as a last resort as we are very mindful that our consumers may be facing economic difficulties in this period.”

Year to date, F&N shares have decreased 7% to RM32.46 as at last Thursday, giving it a market capitalisation of RM11.9 billion.
22/12/2020 9:28 PM
Bushden Bright future for this versatile earth element.. Demand for tin robust for coming years.. Using for pv solar, battery, water treatment, new source for energy storage and many more. Msc also open new mine at sg lembing pahang.. Msc ceo alrd know the great demand for tin coming years.. Tin for green energy source.. THE WORLD GOING FOR GREEN.. SAVE WORLD FROM CARBONISE
22/12/2020 9:38 PM
CSOON 77 Kita terbang
24/12/2020 9:33 AM
gemfinder FLYYYYYYYYYY
24/12/2020 9:44 AM
Ooi Cheng Kee finaly fly! How high can it go?
24/12/2020 10:19 AM
Hafid 2.00
24/12/2020 12:01 PM
LA777 Congrats to all!
24/12/2020 6:30 PM
Lsk58 I believe it will goes back to d price before its share split
24/12/2020 6:49 PM
skycity6888 https://www.metalbulletin.com/Article/3739618/FORECAST-Tin-prices-to-rise-on-widening-deficit-BMI-says.html
25/12/2020 10:31 AM
skycity6888 FORECAST: Tin prices to rise on widening deficit, BMI says
Tin prices are expected to trend higher over the coming years due to a widening supply deficit as global demand growth outpaces production between 2017 and 2021, according to BMI Research.

Analysts at UK-based BMI said in a report on August 3 that they expect prices to rise from an average of $19,500 per tonne ($8.85 per lb) in 2017 to $22,500 per tonne ($10.21 per lb) in 2021.
The London Metal Exchange’s three-month tin price closed at $20,555 per tonne ($9.32 per lb) on August 7, up 1.6% from $20,225 per tonne ($9.17 per lb) on July 24.
25/12/2020 10:32 AM
skycity6888 Meanwhile, the phase-out of lead in solders is expected to accelerate as regulators steadily tighten the parameters for using what is designated a hazardous material.

Less lead means more tin.
25/12/2020 10:35 AM
skycity6888 https://www.reuters.com/article/us-metals-tin-ahome-idUKKBN28K1TN
25/12/2020 10:37 AM
Yeo Soon Qion Glove Theme has been replace by Tin and Steel Theme
Rising Tin and Steel Price,
and our government has begun to imposed 5 years Anti Dumping Tax on China, South Korea and Vietnam,
will greatly benefit the Tin and Steel Sector.
25/12/2020 6:13 PM
humble1102 up from 70cent in a month+. Can still go up?
26/12/2020 5:05 PM
cccthierry https://markets.businessinsider.com/commodities/tin-price
28/12/2020 9:18 AM
gemfinder c u at rm2
28/12/2020 10:11 AM
cccthierry https://www.sinchew.com.my/content/content_2400622.html
28/12/2020 10:52 AM
Hafid close at rm1.39. last time in 2016 is rm3.50
28/12/2020 6:07 PM
scchin58 At rm1.39 is rm5.56 in 2016
28/12/2020 10:35 PM
HumbledInvestor [MSC (Malaysian Smelting Corporation) - World's Top 3 Tin Smelter in the World]
The hidden real gem!!

If you have followed us since the start of our page (in April 2020), you would know that we are huge fans and promoters of MSC.
And time has proved us right, MSC's share price has gained more than 100% in less than a year. Let the bull run and it will hit our TP3 and TP4 soon enough.

https://klse.i3investor.com/blogs/HumbledInvestor/2020-12-28-story-h1538429239-_Humbled_Investor_MSC_Malaysian_Smelting_Corporation_World_s_Top_3_Tin_.jsp
28/12/2020 11:26 PM
vegebotak Wow.. tin price spike
29/12/2020 11:20 PM
Hafid 20,514.00
30/12/2020 3:46 PM
CUTLOST Next Greatec in the making
01/01/2021 12:00 AM
Hafid Recently director is buying. So no more cheap price going forward.
01/01/2021 4:02 PM
Bushden Tin price spike some more to usd 20,900.. Announcement today.. Director buying more share.. Good news..
04/01/2021 9:12 PM
Hafid Tin is usd21,180.00
06/01/2021 6:07 AM
bjgdila123 anytime 2 break 2.00 sapuuuu
06/01/2021 12:01 PM
Hafid 06/01/2021-21,217.50
06/01/2021 1:38 PM
Hafid NOW IS 21,250.00
06/01/2021 1:39 PM
bitcoin director keep buying, going to touch rm2 !!
06/01/2021 3:08 PM
Hafid support is strong at 1.48
06/01/2021 3:32 PM
Hafid tin future is usd21,270.00
06/01/2021 3:39 PM
Bushden https://www.internationaltin.org/illuminating-research-on-tin-perovskite-solar-cells/
06/01/2021 8:22 PM
Bushden Latest news about tin used for solar pv.. Open the link above...
06/01/2021 8:23 PM
Bushden Hold for long term guys.. Rm 2 soon
06/01/2021 8:24 PM
Hafid If the efficiency of more affordable, tin-containing, perovskite solar cells continues to increase, perovskite solar cells could be an important contributor to an emerging portfolio of new tin energy materials.
07/01/2021 5:35 AM
bjgdila123 DJ up, sapu lagi hari ni
07/01/2021 8:02 AM
skycity6888 The world needs more tin now

https://www.thestar.com.my/business/business-news/2021/01/08/tin-on-a-roll-as-new-year-squeeze-grips-london-market
08/01/2021 8:16 AM
bjgdila123 1.47 sapu lagi tp 2.50
08/01/2021 11:55 AM
heeman9696 habislah, no more $ sapu weak market
08/01/2021 4:16 PM
Hafid Will sapu.once it drop a little. If another MCO than the price may drop. Everything up.will come down. Maybe not at below rm1.20
08/01/2021 8:34 PM
treasurehunt MSC is going enjoy windfall profit and not much different with gloves. Nothing to shout.
09/01/2021 9:53 AM
treasurehunt All commodity products related business example Palm Oil, Steel, aluminum, tin, O&G, poultry is cyclical.
09/01/2021 10:00 AM
Hafid Tin is called the ‘spice element’ because a little of it is present everywhere in ways that are essential to our quality of life. Tin use in vehicles is a good example.
11/01/2021 1:08 PM
Jom123 HLIB Research starts coverage of Press Metal, with target price at RM10..
11/01/2021 1:57 PM
Bushden Dont panic sell.. Commodities sector are allowed to run as normal.. Most of share alrd FACTOR IN
11/01/2021 7:29 PM
Hafid Tin price is usd20537.00 down from its high 21,270.00
12/01/2021 6:20 AM
mahmudkashimj Tin pun Naik. Jadi mail pergi rm2.50
14/01/2021 8:32 AM
gemfinder Yahoo. C u st rm2
15/01/2021 1:34 PM
gemfinder c u at 2.50
18/01/2021 5:16 PM