skycity6888

skycity6888 | Joined since 2017-03-03

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Stock

2023-11-24 17:23 | Report Abuse

Now cheaper than ipo price ...

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2023-11-24 10:02 | Report Abuse

Hi StingRay, my respect to you, May u be support by good wealth, health and karma.

Congrats to all that make money. For me, I will still be keeping as per my schedule of 4 to 7 months. Not selling but adding little by little when the counter retract. So, best of luck to all. Cheers! ✌️

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2021-01-28 13:07 | Report Abuse

Yesterday US market drop. Watching finite whether continue go down or not, anyway take care guys

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2021-01-27 16:42 | Report Abuse

Hi yorkyork, please add me to your group. Thanks, be safe

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2021-01-18 10:58 | Report Abuse

Pang, my take is stock will another 1 or 2 run up, then only I buy pohkong

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2021-01-07 12:18 | Report Abuse

is JHM direct competitor with D&O ?

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2020-12-25 10:35 | Report Abuse

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.

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2020-12-25 10:32 | Report Abuse

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.

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2020-12-22 21:28 | Report Abuse

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.

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2020-12-22 21:27 | Report Abuse

This article first appeared in The Edge Malaysia Weekly, on December 14, 2020 - December 20, 2020.
-A+A
ONE of the oldest commodities, tin is enjoying a revival in popularity at the moment.

Over the past seven months, the commodity has gained 22%, with average monthly prices shifting from US$15,110 per tonne in May to US$18,433 in November, according to data from the Kuala Lumpur Tin Market.

As at last Thursday, it was trading at US$19,430 per tonne.

International Tin Association market analyst James Willoughby says demand recovery for tin in recent months has been driving up prices.

“This recovery has been primarily in China, although we are beginning to hear more positive news out of Europe as well,” he tells The Edge.

Earlier, the Covid-19 pandemic had caused the closure of smelters in Asia and South America, but production has now resumed and at above-normal levels to catch up with annual targets.

“Initially, global demand for tin declined sharply as consumers, particularly in Europe, were unable to shop for new electronics, cars and houses — the central pillars of the tin market. In our annual survey of tin consumers, which takes place in the second quarter, it was estimated that global tin demand would decline by around 6%.

cars and houses — the central pillars of the tin market. In our annual survey of tin consumers, which takes place in the second quarter, it was estimated that global tin demand would decline by around 6%.

“However, the work-from-home movement in Europe and the US, particularly, has seen consumers purchasing more electronics in order to get online. Furthermore, being unable to travel and spending more time at home, consumers became more interested in improving their home electronics, including white goods. This is a major solder-using area, and in China, [demand] has been growing by more than 20% in recent months.

“While these positives won’t completely recover the lost demand this year, we do expect them to carry into 2021,” Willoughby says.

He adds that China remains the world’s largest consumer of tin, and that demand for the commodity is expected to decline by less than 1% this year because of resurgent demand in the second half of the year.

Impact on companies
Malaysia Smelting Corp Bhd (MSC), the third largest refined tin producer in the world, says the rise in tin prices will positively impact its tin mining segment. Its subsidiary, Rahman Hydraulic Tin Sdn Bhd, owns and operates the country’s largest hard rock open-pit mine, located at Pengkalan Hulu in Perak.

The tin ore is extracted from the earth, then processed into tin concentrates to be utilised as raw material to support its smelting operations.

“Our tin smelting division will also benefit with increased supply of tin concentrates as more tin mines around the world will start mining due to high tin prices,” MSC CEO Datuk Dr Patrick Yong tells The Edge.

Tin smelting activities are performed at the group’s facility in Butterworth, Penang, which has been operational since 1902. The group is in the midst of relocating its full smelting operations from Butterworth to Pulau Indah, Klang.

“We are already carrying out partial small-scale smelting activities at the Pulau Indah smelter and have commenced operations for refining and smelting activities using the rotary furnace.

“We are still fine-tuning and undergoing control calibrations of the Top Submerged Lance (TSL) furnace and expect the TSL furnace to commence smelting operations by 1Q2021 albeit at approximately 25% capacity before being ramped up gradually to higher capacity by the end of 2021,” says Yong.

Once all functions at the Pulau Indah smelter are running at a steady state, it may take up to a year for MSC to gradually phase out production at its Butterworth smelter, he adds.

“Although running both smelters would increase operating costs, this will give confidence to our customers on the security of supply. We are optimistic that 2021 will be a better year for MSC as we ramp up our smelting production at Pulau Indah, and increase our tin mining production at our Rahman Hydraulic Tin mine and our new tin mine at Sungai Lembing, Pahang.”

MSC has increased daily average production of its tin ore at the Rahman Hydraulic Tin mine from approximately 8,000kg to around 10,500kg. Mining activities at its new Sungai Lembing mine have also started recently, with average production of 100kg to 200kg per day.

The closure of its mining and smelting operations due to the government-imposed Movement Control Order (MCO) in March led to disruptions to its operations.

This had impacted MSC’s financial performance in the first and second quarters of its financial year ending Dec 31, 2020.

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2020-12-20 00:02 | Report Abuse

Pinky, i wonder is this conglomerate discount apply to boustead too?

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2020-12-19 23:18 | Report Abuse

Lsk58, is this true?

Fr my infor fr d xmanager usd10000 for tin is still profitable for Msc bcos tin mined at rht are in rock form n very concentrate

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2020-12-19 22:31 | Report Abuse

:D



Unbelieveable. In Tin futures, shoot from usd19k to usd20k in just 10 days

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2020-12-13 10:25 | Report Abuse

I wonder why JP is targeting TG all alone

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2020-12-13 10:25 | Report Abuse

At the beginning 2020 is good luck. Now is bad luck

News & Blogs

2020-12-12 11:51 | Report Abuse

If really RM3.50, then so happen market crash. Wow. Back to ipo price. Sapu all la

News & Blogs
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2020-12-12 11:39 | Report Abuse

I buy more to keep in fridge lo

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2020-11-10 20:32 | Report Abuse

Hi Ally , appreciate if you would add me to your group. Thanks in advance. Stay safe and take care

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2020-10-21 13:48 | Report Abuse

Thanks Ally, for your sharing. I'll do some homework first.

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2020-10-20 23:30 | Report Abuse

Hi Do. Can include me in your group. Thanks you.

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2020-10-20 23:25 | Report Abuse

Hi Ally, can pm me your gem stock.Thanks a million, Ally. Keep safe and Take care.

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2020-10-01 12:28 | Report Abuse

haiz ,... now kretam 5354. Wait till QR ?

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2020-09-27 15:22 | Report Abuse

Now GRS won election, is it better prospect for Sabah base companies?

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2020-09-17 13:37 | Report Abuse

Hopefully. Guys. Where to check cpo price ar?

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2020-09-14 12:51 | Report Abuse

Hi Hillary8890_32, hope you can share some info here. What the compamy plans in these coming months?

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2020-09-05 14:18 | Report Abuse

This stock worth to buy?

News & Blogs

2020-08-28 14:48 | Report Abuse

Hi DK, Can add me in too. Thanks a lot

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2018-08-13 09:01 | Report Abuse

Will be open at 90 sen. Let see how?. I think the major shareholder will increase more gradually.

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2018-08-13 08:04 | Report Abuse

Ceo in the BT article say they only mining 5% from RHT last year. 95% is import??. No wonder currency loss

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2018-08-10 23:44 | Report Abuse

This is published by the Business Times Singapore, June 25 2018. Read between the lines. See what do you understand.

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2018-08-10 23:40 | Report Abuse

For long term holders, do not worry

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2017-04-07 17:06 | Report Abuse

If this persists, some flights will be cancel. No revenue la

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2017-04-07 16:51 | Report Abuse

hi tshu, long time no see you.

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2017-03-13 15:38 | Report Abuse

Paperplane sifu, is China really or unofficially cancel tin export tariff?. This will affect the demand/surplus of tin the world. Usd19k wont hold up long.

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2017-03-09 16:33 | Report Abuse

i thought aax cx already expired

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2017-03-09 15:50 | Report Abuse

Hard to say, when market is good, penny stock & speculative stock is the best right?

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2017-03-09 15:14 | Report Abuse

Ya. Been holding warrants since rights issue.

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2017-03-09 14:50 | Report Abuse

coming now ...

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2017-03-09 14:45 | Report Abuse

Very true. Sad for them too. New retailer enter here la. if not less movement.

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2017-03-09 14:43 | Report Abuse

tshu99, thanks for the insights.

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2017-03-09 11:50 | Report Abuse

Wah. you a old timer. Been trading since 80s. Sure you belong to the 5% group.

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2017-03-09 11:47 | Report Abuse

hi tshu99, hope its a good sign. Do you think FF will come in soon. A lot of speculation on this

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2017-03-03 15:56 | Report Abuse

Oh no. How now ar. Some say keep. Some say run. i just enter.

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2017-03-03 15:41 | Report Abuse

Icon sifu, then you can be their fund manager. Tell them to give you money, you invest using your expertise. They can concentrate play taichee,