Posted by nokenzo > 2017-07-27 20:57 | Report Abuse

Dr Neoh bought this stock and keep it in his safe. We went to the same market and got the info from him.

Posted by paperplane2016 > 2017-07-27 22:53 | Report Abuse

Nokenzo know him?

Posted by nokenzo > 2017-07-29 07:06 | Report Abuse

same school

Posted by ragingharrypotato > 2017-07-31 11:17 | Report Abuse

MSC looks primed to report good results. Why?

1) Huge asset impairments done due to past diversifications and/or investments. Look into the annual reports and you can see that management is strictly sticking to tin smelting and mining only.

2) Tin prices has rebounded strongly since 2016. With tin prices at 20,000 USD, the tin mining division is thriving and at 2,200 tonnes mined a year with cost of production at RM60,000, this division will comfortably make in excess of RM45 million a year net of tax.

3) While ore purchases are done in USD and sold in USD, there is a natural hedge against foreign exchange gains and/or losses. For mining, costs are in ringgit and the ores are sold between inter-companies to the smelting side, in USD.

So why is MSC incurring huge foreign exchange losses especially when USD surged in 2015 particularly. It has got to do with hedging contracts whereby according to annual report, a 1% increase in USD will diminish profit by 2-3 mil ringgit.

However, these are strictly once offs and it is not operational, rather tied to quarter to quarter fluctuations in the exchange rate, as opposed to recurring losses. In another words, the losses will only occur if the exchange rate has increased say 5% from quarter to quarter and no losses if the USD stayed stagnant quarter to quarter.

With no more asset impairments, tin prices staying strong with balanced market supply and demand, coupled with stabilizing USD to the MYR, MSC is primed to record PAT of 70-80 mil Ringgit for FY2017.

Posted by Diamond7 > 2017-07-31 14:34 | Report Abuse

Wa.....so good!!!
Excellent !!!

Posted by Evolution4 > 2017-08-01 00:48 | Report Abuse

thanks for ur detailed description ragingharrypotato

Posted by ragingharrypotato > 2017-08-01 12:15 | Report Abuse

If it isn't apparent enough, the industry environment has normalized enough so much so that the trailing 4 quarters valuation will keep trending down from 13x now to 5x eventually.

By then i guess those who stayed by the sidelines will wonder, why is the second biggest tin producer in the world trading at such cheap valuations?

Posted by Diamond7 > 2017-08-01 12:22 | Report Abuse

Below RM4.10..... Quickly buy lor.

Posted by suregain > 2017-08-02 20:22 | Report Abuse

Amended quarterly reporr... actualy less profit.. tomorow down

Posted by Evolution4 > 2017-08-02 20:47 | Report Abuse

what the hell??! how can it amend after 2 months of time??!

Posted by densim > 2017-08-03 15:59 | Report Abuse

then when will the JunQtr be out ?...

Posted by dick20 > 2017-08-03 19:03 | Report Abuse

sales and profits up for June quarter. EPS 12.6 sen! But nobody is interested. No movement today.

Posted by Lsk58 > 2017-08-03 19:49 | Report Abuse

Pls read carefully d remark on d amendment

Posted by Artemis > 2017-08-03 22:54 | Report Abuse

sellers did not even noticed the remarks and how cash flow from operations still remain the same...

Posted by Lsk58 > 2017-08-07 21:46 | Report Abuse

All Samurai

Posted by shahleong > 2017-08-08 09:06 | Report Abuse

i guess the quarter result is very disappointed especially about the smelting business.

Posted by godhand > 2017-08-08 09:15 | Report Abuse

o.0.

Posted by suregain > 2017-08-08 09:45 | Report Abuse

gap down... hahaha.. paper kena

Posted by mdfadly > 2017-08-08 12:16 | Report Abuse

Wait for ragingharrypotato comment

Posted by paperplane > 2017-08-08 15:18 | Report Abuse

result good also down?

Posted by Woo Khai Thim > 2017-08-08 16:13 | Report Abuse

Who selling?

Posted by Artemis > 2017-08-08 16:33 | Report Abuse

566700 units sold so far, with the biggest seller being a 201600 units seller. The rest are medium or small fish. I believe the lower production volume is not due to lack of market demand but rather a temporary disruption from their physical shift in operation...same goes to increase in operating cost.

Posted by soojinhou > 2017-08-08 20:02 | Report Abuse

Since most of MSC's raw material is important (Rahman Tin contributes less than half), it is likely that their weak production number is due to them unable to procure sufficient raw material, which I believe, are mostly from Myanmar.

Posted by HowAh > 2017-08-14 22:39 | Report Abuse

Errr died ?

Posted by cheoky > 2017-08-14 22:59 | Report Abuse

of course puzzling. Guan Chong market cap is double to MSC. Both is refiner. MSC still got own upstream. half year profit same. lower debt and tin shortage years. puzzling lo

Posted by Ah Kow, Ali dan Muthu > 2017-08-18 16:56 | Report Abuse

not sure will come back to rm2.80 level again.

Posted by Ah Kow, Ali dan Muthu > 2017-11-01 11:42 | Report Abuse

Perstim also downtrend. look like possible go back to 2.80.

Posted by Diamond7 > 2018-01-06 21:14 | Report Abuse

if move back 2.80...sapu all!!!

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-06 21:21 | Report Abuse

Tin mkt underperforming under this round bull run of commodity. Aluminum best, thts why pmetal outperform

Posted by TopEarn1 > 2018-01-11 22:25 | Report Abuse

TP RM5 in this year. TP RM8 in next year.

Posted by cheoky > 2018-01-12 12:01 | Report Abuse

aiyo..... sort of dilemma...

Posted by dompeilee > 2018-02-23 09:53 | Report Abuse

Bought some MSC @ 3.09 this morning...

Posted by ivan9511 > 2018-02-23 14:11 | Report Abuse

buy
so cheap
limit up is sue
sure
buy buy buy

Posted by TopEarn1 > 2018-02-25 21:04 | Report Abuse

market will reward the patient one :)

Posted by KLCI King > 2018-03-05 21:02 | Report Abuse

Something wrong with this guy?

ivan9511 buy
so cheap
limit up is sue
sure
buy buy buy
23/02/2018 14:11

Posted by paperplane > 2018-04-23 16:13 | Report Abuse

WOW!

Posted by KLCI King > 2018-04-23 16:31 | Report Abuse

Apa macam ini? Begitu geng hari ini?

Posted by TopEarn1 > 2018-04-23 17:21 | Report Abuse

sabar... sabar.... :D

Posted by Diamond7 > 2018-04-23 20:39 | Report Abuse

Excellent!
Share split n bonus!!!

Posted by jason007 > 2018-04-27 22:22 | Report Abuse

any date for the splite and bonus

Posted by TopEarn1 > 2018-05-01 19:36 | Report Abuse

dividend of 4sen! Good

Posted by fankim > 2018-06-06 12:22 | Report Abuse

http://news.cornell.edu/stories/2018/04/next-generation-rechargeable-battery-made-tin

Posted by TopEarn1 > 2018-06-08 23:39 | Report Abuse

Just a matter of time :)

Posted by paperplane > 2018-06-14 15:20 | Report Abuse

wow!

Posted by paperplane > 2018-06-14 15:23 | Report Abuse

din monitor share split or bonus now? 1:3?

Posted by paperplane > 2018-06-14 15:31 | Report Abuse

100 become 400
split 1:1
then bonus 1:1

100 become 200
200 then 1:1 add 200 become 400, no wonder!

Posted by Diamond7 > 2018-06-28 20:25 | Report Abuse

Wa! share split b bonus!! No date yet!

Posted by Diamond7 > 2018-07-03 15:19 | Report Abuse

Suddenly up 3.22 so fast!
News of split n bonus finalised????

Posted by Diamond7 > 2018-07-17 20:33 | Report Abuse

when?

Posted by Diamond7 > 2018-07-18 00:56 | Report Abuse

When bonus n share split?