The best course of action for Serba Dinamik would have been to appoint an independent audit firm to investigate the matter. The fact that this option was initially considered, however reluctantly but now no longer pursued, is simply because it is a dead-end. The named independent audit firm, Ernst & Young would in due course come to the same conclusion as did KPMG. So what can Serba Dinamik's management team do?

plantation in miri subis , suai area new cluster in the making.....

the share price will go down to rm1.40 i think...

Cpo may is rm3,300

PETALING JAYA: The restriction on the tin smelting and mining operations of Malaysia Smelting Corp Bhd (MSC) during phase one of the National Recovery Plan has led to an indefinite suspension of the Kuala Lumpur Tin Market (KLTM).

MSC is the world’s third-largest tin supplier as well as the world’s largest toll smelter. A large portion of its 40, 000 tonnes of tin ore annually is smelted and traded on the local physical tin market in Malaysia.

When contacted, MSC chief executive officer Datuk Patrick Yong said, “To the best of my memory in my short stint in the tin business, this may be the first time the KLTM is suspended due to the stoppage in MSC’s production.”

Given that MSC is the sole tin smelter and the only industrial scale miner in Malaysia, he noted that the operation restriction would limit the group’s production, thus surely affecting the turnover of the KLTM.

He told StarBiz that “although the KLTM is technically independent of MSC, other than being related in trading, the physical tin market is also linked by the supply chain of the tin being traded and MSC happens to be the only smelter in the country and supplies over 95% of tin to the KLTM”.

MSC tin ingots
MSC tin ingots


The current restriction on operations has also disrupted its tin supply to both the London Metal Exchange and the KLTM, added Yong.

“As we are restricted to operating at 10% of our total workforce, we can only keep our furnaces and kettles warm and are unable to operate efficiently.”

MSC also had to declare a force majeure to protect the group from international contractual obligations, Yong pointed out.

“Since we supply the bulk of tin traded on the KLTM, and with this stoppage of production, the situation has led to the suspension of all tin trading activities on the KLTM until MSC’s operation is back to normal, ” he added.

During the movement control order (MCO) 1 and MCO 2, MSC was classified as an essential and integral part of the global supply chain by the International Trade and Industry Ministry.

“Much to our surprise and dismay, when MCO 3.0 was announced, we were restricted to operate with only 10% of our workforce, under ‘idle-warm’ despite nothing much having changed in the operations of our tin smelters and mine, ” Yong said.

With such restrictions on its workforce, no tin can possibly come out from MSC’s tin mines which are managed by Rahman Hydraulic Tin Sdn Bhd and its tin smelting plants. Yong also expects trading on the KLTM to remain suspended until MSC receives the approval from the relevant authorities.

The imbalance in the supply and demand position will drive tin prices higher, affecting industries that require tin in their downstream activities.

MSC tin smelting
MSC tin smelting

Yong cautioned that “more local industries such as tin canning, tin plating and solder making which require tin will now have to import tin at a higher price.

“Even the collection of royalties and levies by the state departments will not be spared. These are just a few of the collateral damages.”

Another point highlighted by Yong is on MSC’s status as the world’s largest custom toll smelter.

The group has to source and receive tin ore from third-party miners from all over the world such as Brazil, Peru and Indonesia, among others.

“The Covid-19 pandemic presented these countries with challenges and coupled with the restriction on MSC’s operations, it further impacted the global tin supply chain, causing tin prices to shoot up sky high internationally, ” he added.

Furthermore, the drop in MSC’s tin production will have a global impact, namely, in the semiconductor and photovoltaic industries.

The rise in demand for more electronic devices and renewable energy has led to a sharp rise in prices of solar panels and solder.

To date, half of the global tin demand is used as tin solder, which is needed to attach the electronic components to circuit boards as well as to connect cells in a solar panel.

Operational-wise, Yong pointed out that for MSC, there was very little damage control that could be done except to bite the bullet.

“However, we have utilised this non-revenue time to do planning and activities low down the merit list.

“We have also written to appeal to the relevant authorities to allow resumption of production, ” he added.

According to Yong, the higher tin price will affect MSC more in the mining sector as “our export value of tin metal will greatly benefit us.

“Our inventory of tin containing material will also benefit from the price hike.

“As far as the toll smelting business is concerned, there will be little effect as we earn tolling charges. The lower turnover in smelting volume will translate to slightly lower earnings.”

He also expects that MSC can return to full operations in a couple of months after the situation is all cleared with lower Covid-19 infections.

Nonetheless, with MSC’s new smelting plant in Pulau Indah, the main benefit will be in improved smelting speeds and effic

Workers permit for most of the plantation could not renew due to lock down by our immigration office.... So how to get worker. And how to harvest...

You know why so low no workers to harvest crop

3.60 at least

Look like rm1.60

Economy still lockdown

Hope to drop to below rm0.50

MSC LOOK LIKE RM1.90 CLOSING

msc lockdown again

china is selling there comodities

Not yet open. MSc whole year could not open. Another whole month..

As at 10/06/2021, open road say there reduce the shareholding to less than 5%.

My news it's fixed cost will go up if the sales per store could not go up...

tak turun pun. kalau ada tak bagus

total lock down than the consu mershare will go down

ini serba dinamik kalau kick off dari insudtry minyak lagi bagus. semua belanja duit tak tentu arah....

KPMG is strict

I think will drop back to 0.38.

if extend again than see at 1.60

what worried is extend again

with the lockdown in operation MSC is stop operation until further notice... so bad luck for MSC

the problem is the revenue is coming down

Based on history / info from bursa is 30th june 2021

just for judgement. do you think kpmg will delay the report if the document or data is correct. Pls be inform that there fees is not cheap.

the company will have new auditor or prolong after the independent review of the audit.. so be better look at it

already tell you all rm1.80

fv shall be around 0.40

someone tell me is privatization at rm1.00. do not know is true or not.

https://eshop.ofih.com.my/

THE COMPANY GOT E-STORE

BETTER SELL AND LET DROP TO R,1.20

TP IS 0.40.

green now. due to tin future up a lot 6.68%

Maybe rm0.40

Actually no growth. The price may stagnant at this level or even lower. May break rm5.00 going forward.

with the lousy management what do you think Foconn want it unless after took over than there can appoint the peiple there want....

lock down than ship also sink

One of the TOT dealer product is the Libresse (Vinda International Holdings Limited) ,from the country of innovation -- Sweden. It was born in Essity, which is a leading Swedish personal care products company. The brand has developed feminine care products for over 70 years .Nowadays, Libresse has developed into a global brand.Its products are now sold in 101 countries and areas around the world, and lead the market trend in Europe, South America and Southeast Asia. Libresse is trusted by more than 200 million women worldwide.
As an advocate of female spirit in the new era, Libresse encourages women to break taboos, pursuit self and beauty bravely, and bring positive influence to women's life with the brand spirit “live fearless”. Relying on the unique global patented technology, the certified safe material and the rigorous scientific research achievements of the European Union famine care research center, Libresse brings perfect fit and comfortable product for female in period, so that women can make the best of themselves every day.

my friend tell me that the company last time the hq is at Bintulu. after listing only move to kl.

the company is gone. rm486 million... his son spend like no body business. all kind of business also have from supermarket, hotel, food processing and so on. but no people go one. because selling price is too expensive.

WCT is over lah.

if there is nothing wrong why still suspend...

sales is down same goes to mbmr...

0.12 sen now is 0.24 sen. already 100%.....

https://myguru.com.my/produk/mymodules/

https://www.vschooltrend.com/web/newweb