Posted by Creativeteam > 2021-02-15 13:34 | Report Abuse

Thank for info. Need to buy more

Posted by Brookenzo > 2021-02-15 13:39 | Report Abuse

I agree with your inventory gains valuation
It will be inside accounting
This is called beautiful accounting
But of course if Tin price is to down in 2 years time then inventory valuation also go down
However, this next 2 years should be very good tin pricing

We are certainly breaking 3 ringgit in no time.
Next target I am aiming 5 ringgit

Posted by cg14134 > 2021-02-15 13:39 | Report Abuse

Above is my est based on publicly available numbers. Caveat Emptor!

Posted by cg14134 > 2021-02-15 13:45 | Report Abuse

1Q21 profit = 77/4 + 136 = RM155m (B4 tax) even if I assume zero smelting margin so long as refined tin px stays at US$25,000 till end-1Q21. Ki Siaw Lio!

Posted by Brookenzo > 2021-02-15 13:55 | Report Abuse

5 ringgit coming
Hold tight tight

Posted by Brookenzo > 2021-02-15 13:56 | Report Abuse

They may do a stock split or bonus share to improve liquidity again

Posted by dalpinia > 2021-02-15 16:04 | Report Abuse

https://www.lme.com/en-GB/Metals/Non-ferrous/Tin#tabIndex=2

LME TIN MAINTAINED ABOVE USD25K....towards 26k soon

Posted by Xxxting > 2021-02-15 16:18 | Report Abuse

Today no power

Posted by Creativeteam > 2021-02-15 16:57 | Report Abuse

Only see banker n speculators. No retailers then easy to go up

Posted by cg14134 > 2021-02-15 17:08 | Report Abuse

Should go up once the contra-players who went in during the recent correction r out

Posted by cg14134 > 2021-02-15 20:38 | Report Abuse

https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406

Posted by cg14134 > 2021-02-15 21:05 | Report Abuse

Tin futures up US$1180/t!

Posted by Xxxting > 2021-02-15 21:42 | Report Abuse

is this counter overrated? its seems always went up since last year

Posted by Brookenzo > 2021-02-15 21:51 | Report Abuse

Tin price shot up crazy now. Tomorrow msc price might go crazy up. Next week results out should be already 3 ringgit plus maybe even 4 ringgit .
Hold tight tight

Posted by gemfinder > 2021-02-15 22:14 | Report Abuse

Hold tight tight

Posted by Hafid > 2021-02-16 05:55 | Report Abuse

Dow Jones not up and slowing. Watch out becareful for downward

Posted by Brookenzo > 2021-02-16 07:24 | Report Abuse

https://www.google.com.sg/amp/s/www.forbes.com/sites/timtreadgold/2021/02/15/tin-up-80-pointing-to-a-squeeze-for-anyone-caught-short/amp/

Posted by Brookenzo > 2021-02-16 07:42 | Report Abuse

Tin up 14 pct
28889
Going to hit past 30000 soon
Today MSC will hit 3 ringgit? Hold tight tight

Posted by Brookenzo > 2021-02-16 07:49 | Report Abuse

https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406

Posted by gemfinder > 2021-02-16 08:10 |

Post removed.Why?

Posted by Creativeteam > 2021-02-16 08:23 | Report Abuse

Tin overnight went up to usd28.8k p ton almost 4%

Posted by Creativeteam > 2021-02-16 08:56 | Report Abuse

Sorry 14% n not 4%

Posted by dalpinia > 2021-02-16 09:03 | Report Abuse

https://www.lme.com/en-GB/Metals/Non-ferrous/Tin#tabIndex=2

Posted by dalpinia > 2021-02-16 09:04 | Report Abuse

Tin Prie USD28,899

Posted by Xxxting > 2021-02-16 09:09 | Report Abuse

Pls break through 2.60

Posted by dalpinia > 2021-02-16 09:17 | Report Abuse

Limit up today!!!

Posted by Brookenzo > 2021-02-16 09:18 | Report Abuse

Going 3 ringgit very soon
Maybe before results
After results surge to 4 ringgit plus wow

Posted by Xxxting > 2021-02-16 09:28 | Report Abuse

Hold tight tight

Posted by Brookenzo > 2021-02-16 09:36 | Report Abuse

3 ringgit anytime soon!
May all have a tin prosper 2021/22

Posted by cg14134 > 2021-02-16 09:38 | Report Abuse

Hold tight tight from Xxxting, share px will hit limit up soon enough lol

Posted by cg14134 > 2021-02-16 09:41 | Report Abuse

plug in the new tin price into the equation i gave you guys yesterday, u will need atenolol to slow down your heartbeat!

Posted by dalpinia > 2021-02-16 10:10 | Report Abuse

Tin prices surged to above $24,800 per tonne for the first time since January 2013, supported by higher demand for electric vehicles, growth in US home building, and as remote working boosted demand for computers and other electronic devices. Demand is also surging in China, which is stockpiling the metal to meet its goal of self-sufficiency in semiconductors. Recently, a global shortage of empty shipping containers also disrupted the flow of refined tin. According to the International Tin Association, the global market has been in a supply deficit for the last three years. There is room for further upside momentum as the near-term supply gap can only come from expansion or revival of existing mines given the time it takes to get a permit for and dig a new mine.

https://tradingeconomics.com/commodity/tin

Posted by Brookenzo > 2021-02-16 10:11 | Report Abuse

Woe betide any speculator who has shorted tin.

At one stage in London trading overnight, the cash spot price was up US$5,000 per tonne (/t) in just that session and briefly got above US$30,500, a move described in reports from London as “short squeezing”.

At session’s close, the cash price for the metal was US$29,625/t, up US$4,280 (or 16.8%), while the three-month price ended at US$24,385/t, a gain of US$735 (up 3.1%).

That is a backwardation of US$5,420/t, a dramatic sign that the supply-demand situation is under enormous strain as buyers tie up physical metal for immediate delivery.

It is the greatest gap between cash and three-month prices in 30 years.

Tin-related stocks on the ASX saw good gains as trading opened on Tuesday morning.

This development comes against a background of reports that China is stockpiling tin as part of its plan to become self-sufficient in semiconductors.

Tin stocks at London Metal Exchange warehouses on Monday stood 1,340 tonnes.

A note from Vivek Dhar at Commonwealth Bank this morning makes the point that spot prices are still 12% below their high recorded in April 2011.

“Supply is simply struggling to keep up with demand,” Mr Dhar added.

“The metal usually attracts less attention than its base metal peers because of its low liquidity.

“However, investor interest is growing, particularly in China’s Shanghai Futures Exchange,” he said.

Posted by gemfinder > 2021-02-16 12:41 | Report Abuse

c xxxxting, i told u to keep averaging down when retreat.

Posted by dalpinia > 2021-02-16 14:52 | Report Abuse

vegebotak, refer LME the most accurate as MSC sold its Tins to LME near port klang as mentioned by CEO.

Posted by dalpinia > 2021-02-16 14:53 | Report Abuse

https://www.lme.com/en-GB/Metals/Non-ferrous/Tin#tabIndex=2

Posted by cg14134 > 2021-02-16 15:00 | Report Abuse

A bit of calculations to shiok sendiri, assuming avg refined tin px of USD25000/t for 1Q21 and end-1Q21 px of US$27000/t, other parameters remain unchanged,

Mining profit = 2407.5 * (25000 - 15000) * 4/4 = RM24.075m
Inventory gain = (27000/20540-1)(532.5*20540/17463) = RM196.985m assuming zero smelting margins.

1Q21PBT = RM(24.075+196.985)m = RM221.1m!

Posted by Brookenzo > 2021-02-16 15:06 | Report Abuse

So my estimate $200mil sgd is correct
2021 they will make estimate profits $200mil sgd
That’s like 600 mil ringgit
Share price should be 10 ringgit minimum
Hold tight tight everyone

Posted by cg14134 > 2021-02-16 15:09 | Report Abuse

The fun part is tin px is still running up!

Posted by Xxxting > 2021-02-16 15:16 | Report Abuse

but why still this counter not seen by everyone else

Posted by shlyw > 2021-02-16 15:21 | Report Abuse

If the bonus issue is announced, the stock price will rise to at least 10.

Posted by cg14134 > 2021-02-16 16:34 | Report Abuse

Am surprised that the stock has no institutional following given its Strait Trading parentage and the family behind.

Posted by cg14134 > 2021-02-16 16:35 | Report Abuse

If the family wants to move MSC share price, sub sub sui is the phrase!

Posted by Brookenzo > 2021-02-16 16:40 | Report Abuse

Don’t be surprise the straits trading might privatise msc one day

Posted by Brookenzo > 2021-02-16 16:41 | Report Abuse

After this coming results reporting, I think Analysts will start issuing buy calls
Just wait patiently
Hold tight tight

Posted by dalpinia > 2021-02-16 16:42 | Report Abuse

Its similar to glove story in March 2020, not much institutional came in before explosive first QR after Tin price shot up. We can use Supermx case as example. Supermx was around RM1.2-4 in Feb 2020 (before bonus), then all the way shot to RM23+ highest on 6th Aug 2020.

We shall see MSC moving this direction to RM20+ in Aug 2021!!!

Posted by cg14134 > 2021-02-16 16:45 | Report Abuse

Watched the interview of the Chairwoman by SG tv on youtube. Very interesting. U guys should watch - highly recommended.

Posted by Brookenzo > 2021-02-16 16:46 | Report Abuse

Yes I second that
MSC very similar to gloves story
Initially no volume and no one keen
Then exploded
Let’s break 3 ringgit tomorrow and then after results we go 5 ringgit first

Posted by dalpinia > 2021-02-16 16:47 | Report Abuse

the main difference between Supermx & MSC would be glove is covid's essiential needs which last about 1 year, but MSC demand just started for EVs, Semiconductors & Solar sectors which is just booming end of 2020, will kick start 2021 to 2030. Tin was USD32,975 on 12th Apr 2011 without EVs and Solar booming, as well as semiconductors shortage. So, 2021 shall able to break USD32,975 and create a new record to USD40k per tonne!!!

Posted by shlyw > 2021-02-16 16:54 | Report Abuse

Tomorrow will be over 3.00.