Has anyone seen any broker research reports or results review recently ? If yes, kindly post here for us to read. Thanks.

Somebody always comes at closing to mark it down to a lower price. I suspect once the lower price is fixed , they then buy back a block at that price.

Go to this site for live LME prices :https://www.metal.com/Tin/LME_SN_3M

MEselect Tin 3 Month, USD/mt
LME
Latest:25,210
+24 (+0.10%)

Tin now doing 25,540, +215 slight recovery

EPS IS 15.20 FOR THE HALF YEAR 2023.

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2023
30 Jun 2022
30 Jun 2023
30 Jun 2022
$$'000
$$'000
$$'000
$$'000
1 Revenue
327,013
408,836
667,071
768,314
2 Profit/(loss) before tax
42,218
54,633
93,852
144,869
3 Profit/(loss) for the period
31,458
39,439
69,546
103,736
4 Profit/(loss) attributable to ordinary equity holders of the parent
28,449
39,450
63,859
103,791
5 Basic earnings/(loss) per share (Subunit)
6.80
9.40
15.20
24.70
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.8100
1.7100

UOB KH Target price M$2.69. 2023 EPS 26.3 sen , 2024 EPS 36.00 sen and 2025 EPS 42.7 sen forecast.

The results should be out on 8.8.23 , should be better than 1Q of 35 mil. Mining output has increased from their new landbank , the smelter is finally operating at full capacity with costs dropping about 30% due to economies of scale, Ringgit is down about 8% against the US$ in the last one year and tin is closing in on US$30k . With the continued tightness in the supply of tin , tin prices should trend higher. They should be able to do 45-50 million for the 2Q. But the best is yet to come as China's giant manufacturing sector , which gobbles 50% of world tin output,
recovers towards the end of this year on govt stimlative efforts. They can definitely do much better going forward. It might be helpful if MSC gets certified as an ESG compliant entity , which would attract the trillions of US$ in ESG funds to invest in the company. Then maybe their valuation , currently at 6X PER , can be closer to Press Metal Aluminium's which trades at a PER of 35X 2023 earnings !!