Us high inflation=fed incrase more to bring inflation down=us recession=all metals in tech will be used less n cost less from.demamd n supply.=less tin use=less tin price=less profit for msc.. I cant make it more simple.. But longer run great future but not before down..
MSC Corp Bhd reports RM64.34 mil for the1st Quarter ended 31 March 2022
PROSPECTS - Managements's View
Despite changes in world trades, supply and consumption patterns of major commodities due to the war at Ukraine which has pushed commodity prices to record highs, the market is now experiencing some correction as fears of supply disruption allay. Tin price has recently eased but should remain high in the near to medium term due to increased demand for tin usage driven by global growth of EVs, photovoltaic installations, and electronics applications.
The Group will benefit from high tin price despite inflationary pressure, higher logistics, and operating costs in its smelting and tin mining businesses. Nevertheless, the Group remains cautious, and will continue to focus on its operational efficiencies and improve on all areas of operations, technology, manpower and logistics.
The operation in the Pulau Indah (“PI”) plant, using newer and more efficient technology has reached 75% capacity, and is expected to achieve full capacity in 2022. With the PI plant at full commission, the Group expects higher operational efficiency, lower operational and manpower costs, while improving its overall carbon footprint.
For the tin mining segment, apart from improving and increasing daily mining output and overall mining productivity, the Group is also looking at expanding its mining activities via potential joint ventures. In line with its ESG program, the Group plans to upgrade the mini hydro plant which is currently generating 0.75MW to 5.00MW. This will provide zero-carbon energy to the existing mine.
BUTTERWORTH (May 17): Singapore Exchange-listed The Straits Trading Company Ltd and Malaysia Smelting Corporation Bhd (MSC) have unveiled the master plan of Straits City, a flagship development that aims to be the beacon of smart and sustainable integrated development in Penang.
warrant king.. frankly speak, all company this Quarter shown earn less due to increasing logistic fee, salary and operating cost..MSC already do great in this.. it is normal result if MSC price now rm5.4 but it is good result when MSC in rm3.6
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