Sorry la this is an old man stock. Old company with not much movement for so long except after the write up in November and December 2016 and suddenly it is in the radar. The new CEO do not have any experience in tin industry except some connection inside some corporate boardroom. I hope the price can sustain above RM 3.90 to RM 4. Well let us see as time will tell.
Ride on paperboat should be safe. Years underinvest in new mines should provide some support to tin price with disclaimer barring unforeseen circumstances. Holding company is also a good com. Professional com.
Certainly good for this quarter compare to last year. Just hope that there are no "surprise" provision provided by the auditor during this quarter. Let's pray for it
The worldwide Tin market has recorded a marginal deficit during January to December last year. There were no DLA deliveries during the year, the data said.
As per WBMS data, the global Tin market recorded slight deficit of 36.0 kt during the entire twelve month period of the year from January to December in 2016.
Global refined Tin production remained more or less flat during the previous year. The Asian production declined marginally by 2.2 kt during Jan-December ’16, when matched with the production during January to December in 2015.
The global demand for the metal has increased by 5.40% when matched with January to December in 2015. The demand totaled 388.40 kt during this period. The Chinese apparent demand saw significant uptick of 9.0% over the previous year. The Japanese consumption totaled 26.1 kt, lower by nearly 2.4% when compared with the demand recorded during January to December in 2015.
The reported stock of the metal declined during the twelve-month period of the year. The stock at the end of the year 2016 was lower by 3.6 kt when compared with Dec ’15 closing levels. The reported stocks increased marginally by nearly 1.2 kt during the month of December 2016.
During the month of December alone, the global refined Tin production totaled 30.6 kt, as against the demand of 33.6 kt.
all commodity companies enjoying windfall on 2016. hopefully this should be no exception. sales demand is indefinitely only variable is sale price. with previous years of underinvestment in mines should provide floor support to tin prices.
The Butterworth international smelting business recorded a loss before tax of RM32.40 million in 4Q 2016 compared with a loss before tax of RM4.83 million in 4Q 2015. The higher loss in 4Q. 2016 was mainly due to higher cost of sales and higher impairment of receivables. If no this lost, the profit will be very good.
this is a super old school counter liao. Last time when I was still a kid, remember 8pm news got mention about Rahman Hydraulic la, Selangor Property Berhad...
It's funny....They book in loss, due to impairments? I guess Singaporean don't like pay tax? Cof at rm80mil, but netprofit just good at breakdown in 4Q? 0.30 range for full yr EPs.
whatever you wanna apply. to be cashflow more important. That results is fluctuating due to impairment blah blah, then reverse impairment blah blah........
Top decliners in Bursa today. Hmm, the loss in this company is keep appear and the tin price is drop to ~19K USD...Prospect to this stock is unpredictable.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MRapolo
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Posted by MRapolo > 2017-02-07 15:26 | Report Abuse
http://www.thenewage.co.za/commodity-prices-comeback/