MALAYSIA SMELTING CORPORATION

KLSE (MYR): MSC (5916)

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Last Price

2.52

Today's Change

+0.13 (5.44%)

Day's Change

2.38 - 2.54

Trading Volume

1,083,300


8 people like this.

4,929 comment(s). Last comment by kl_guy 13 hours ago

cg14134

500 posts

Posted by cg14134 > 2021-02-16 16:58 | Report Abuse

Brokers are still zzzz mostly. Hope they will wake up soon...

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-16 17:00 | Report Abuse

After results 4-5 ringgit that will be superb
Cross fingers and wait

wkkht

957 posts

Posted by wkkht > 2021-02-16 17:00 | Report Abuse

Perstim (5436) is also doing the same business. Why won't it rise?

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-16 17:01 | Report Abuse

Don’t forget msc has huge butterworth land worth billions to be develop with straits holding
10-15 ringgit for this stock in next 2 years not asking for too much

cg14134

500 posts

Posted by cg14134 > 2021-02-16 17:02 | Report Abuse

Perstim tin user la. Users got to pay high px these days

cg14134

500 posts

Posted by cg14134 > 2021-02-16 17:06 | Report Abuse

I only can identify Dr. Neo Soon Kean's family co in the top 30 s/h. The rest gua tak kenal. Either I am a Kampong boy or the stock is yet to be discovered!

gemfinder

6,880 posts

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

HOLD TIGHT TIGHT

DCCIH9E

86 posts

Posted by DCCIH9E > 2021-02-16 18:08 | Report Abuse

So sad morning i sell too early, cant earn much.

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-16 19:21 | Report Abuse

I expect 4-5 ringgit after results announce.
And if tin price continue to surge to 35000-40000, can’t imagine MSC is worth how much

DCCIH9E

86 posts

Posted by DCCIH9E > 2021-02-16 20:20 | Report Abuse

Tonight tin price up how much?

cg14134

500 posts

Posted by cg14134 > 2021-02-16 21:29 | Report Abuse

Tin px backwardation very deep - esp yesterday - Is mkt hinting that current tightness may not sustain too far into the future?

Xxxting

353 posts

Posted by Xxxting > 2021-02-16 21:32 | Report Abuse

Tin price drop now ohno

cg14134

500 posts

Posted by cg14134 > 2021-02-16 21:33 | Report Abuse

Yesterday's backwardation was 30-year high!

Xxxting

353 posts

Posted by Xxxting > 2021-02-16 21:39 | Report Abuse

which means?

cg14134

500 posts

Posted by cg14134 > 2021-02-16 22:37 | Report Abuse

My interpretation: Spot px surged too much too quickly yesterday

cg14134

500 posts

Posted by cg14134 > 2021-02-16 22:39 | Report Abuse

So long as tin futures do not dip below US$23520, ng sei kiang!

cg14134

500 posts

Posted by cg14134 > 2021-02-16 22:54 | Report Abuse

Traders left scratching their heads after 'short squeeze' in tin prices

Some market participants are asking whether Monday's 'short squeeze' in the price of tin may in part be the result of the suspension of the London Metal Exchange's open-outcry trading floor.

On Monday, tin prices surged by $1,000 per tonne in only one hour due to reduced supply and strong from the semiconductor industry.

The so-called 'spot' price of tin traded at its widest premium - of $4,748 per tonne - versus three-month futures in 30 years on Monday, analysts at SP Angel explained.

Monday's price action was despite the delivery of a 550 tonne cargo of tin at the Port Klang warehouse on 12 February which according to Fastmarkets MB nearly increased the size of stockpiles held there to 1,340 tonnes.

kentrade888

1,572 posts

Posted by kentrade888 > 2021-02-17 08:53 | Report Abuse

Next QR | Est. Ann. Date: 20-Feb-2021

kentrade888

1,572 posts

Posted by kentrade888 > 2021-02-17 08:57 | Report Abuse

热门股:马熔锡机构 上挑RM3.07
Nanyang Wed, Feb 17, 2021 12:06am - 8 hours ago



马熔锡机构(MSC,5916,主板工业股)的日线股价趋势,于2月16日间显现一段技术反弹走势,闭市时报2.78令吉,按日涨29仙或11.65%。短期间该股或会上挑2.79-3.07令吉水平。

16/2/21行情

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-17 09:20 | Report Abuse

3 ringgit anytime
Before results
After results blow past 4 ringgit

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-17 09:25 | Report Abuse

Singapore 83.5 cent
Malaysia 2.88 ringgit @ 96 cent
Can we buy singapore and sell Malaysia ? Instant profits
Singapore is lagging Malaysia by 13 cent sgd
That’s a lot of money

dalpinia

2,299 posts

Posted by dalpinia > 2021-02-17 10:04 | Report Abuse

MSC is just partially owned by Straits Trading. Moreover Straits businesses are diversified with property & hotels, which these 2 sectors may drag down Straits overall performances. MSC is 100% pure Tin counter,so MSC would be much better choice in Tin rally.

dalpinia

2,299 posts

Posted by dalpinia > 2021-02-17 10:05 | Report Abuse

The case is different from TG Malaysia & TG Sg. As both under the same group, and 100% in 1 business.

dalpinia

2,299 posts

Posted by dalpinia > 2021-02-17 10:07 | Report Abuse

Singapore 83.5 cent
Malaysia 2.88 ringgit @ 96 cent

These pricing cannot be compared directly just like that, we have to look at the total number of shares issued.

dalpinia

2,299 posts

Posted by dalpinia > 2021-02-17 10:12 | Report Abuse

Straits Trading BY SEGMENT:

Hotel SGX 1,373.483M
Other Metals/Minerals SGX 192.391M
Property & Construction SGX 726.512M

dalpinia

2,299 posts

Posted by dalpinia > 2021-02-17 10:13 | Report Abuse

MSC is fall under Metals/Mineral which is less than 10% of Strait

cg14134

500 posts

Posted by cg14134 > 2021-02-17 10:13 | Report Abuse

MSC is too illiquid in SG for arbitrage purpose. MY is the primary mkt for MSC.

dalpinia

2,299 posts

Posted by dalpinia > 2021-02-17 10:13 | Report Abuse

If you buy MSC, it is 100% on Tin

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-17 10:24 | Report Abuse

I mean buy MSC at 84-88 cent and then bring to sell in Malaysia now 95-97 cent
Possible ?

cg14134

500 posts

Posted by cg14134 > 2021-02-17 10:33 | Report Abuse

Should be possible, but don't know how lol

JSoang Ooi

641 posts

Posted by JSoang Ooi > 2021-02-17 12:28 | Report Abuse

Drop more pls.. hehe

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-17 12:39 | Report Abuse

Profit taking for the rsi to come down again so that the next run up is 3 ringgit

cg14134

500 posts

Posted by cg14134 > 2021-02-17 13:59 | Report Abuse

Tin futures px is creeping up again...

cg14134

500 posts

Posted by cg14134 > 2021-02-17 14:02 | Report Abuse

Hope MSC is capitalizing on the exuberant spot px to lock in its monster inventory profit for 1Q21

cg14134

500 posts

Posted by cg14134 > 2021-02-17 14:03 | Report Abuse

and work its tin mines 365 days a year - no holiday pls!

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-17 14:20 | Report Abuse

For beautiful accounting, they will do a revaluation gain based on the high tin price for coming results and next quarter result

kkteng70

432 posts

Posted by kkteng70 > 2021-02-17 16:03 | Report Abuse

hard to drop, every body know tin price up like no body business

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-17 17:05 | Report Abuse

It’s a matter of time 5 ringgit after result. Everyone know the tin price will make MSc record profits every quarter plus the huge valuation of butterworth land. I hope to live to see 15 ringgit

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-18 07:52 | Report Abuse

Tin price up 3.4 pct
Almost 29000
We are breaking 30000 soon

Hafid

1,135 posts

Posted by Hafid > 2021-02-18 08:00 | Report Abuse

Malaysia to go into tin mining again

Hafid

1,135 posts

Posted by Hafid > 2021-02-18 08:01 | Report Abuse

the tin mining industry has not been completely halted and currently there was only one company - Rahman Hydraulic Sdn Bhd in Perak - is still mining the ore on a large scale.

Brookenzo

275 posts

Posted by Brookenzo > 2021-02-18 08:31 | Report Abuse

Tin metal prices soar to their highest since 2011 on supply crunch
‘Prices increased this year on the back of declining stockpiles and strong industrial demand particularly for semi-conductors and electronics’ – CBA
Myanmar military intervention is adding to supply tightness for China and market nervousness


International prices for tin have soared 14 per cent over the past week and consumers are scrambling for physical stocks as supply of the base metal dwindles at London Metal Exchange warehouses.

Tin was trading at $US28,900 per tonne ($37,350/tonne) Tuesday on a cash price basis, up from around $US25,300 per tonne on Friday.

This week’s spot price means tin has climbed 116 per cent since hitting a multi-year low in March 2020 at $US13,375 per tonne.

In order to secure delivery of the metal from LME warehouses European consumers are having to pay hefty premiums of up to $US500 per tonne and even higher prices in the US.

“The metal [tin] usually attracts less attention than its base metal peers because of its low liquidity, however, investor interest is growing particular on China’s Shanghai Futures Exchange (SFE),” said Commonwealth Bank of Australia analysts in a report.

The Shanghai Futures Exchange’s tin contract for March settlement was trading at ¥163,460 per tonne ($32,690/tonne) Wednesday, according to exchange data.

There were open interest trading positions for 5,690 tonnes for the SFE’s March futures contract, rising to 30,994 tonnes for the April contract, said the exchange.

Available tin metal for delivery under SFE futures contracts was around 7,500 tonnes last week, which covers only one-fifth of spot demand for March and April on the exchange.

This is assuming that all of the holders of March and April tin futures contracts decide to take delivery of physical metal instead of settling their trading positions in cash.

cg14134

500 posts

Posted by cg14134 > 2021-02-18 10:10 | Report Abuse

you may have a chance when contra players (from 2 days ago) sq their trading positions

cg14134

500 posts

Posted by cg14134 > 2021-02-18 10:44 | Report Abuse

The stock tends to come back in the afternoon though

cg14134

500 posts

Posted by cg14134 > 2021-02-18 11:02 | Report Abuse

Hmm....possible but not probable

cg14134

500 posts

Posted by cg14134 > 2021-02-18 11:57 | Report Abuse

Tin futures close to break out above recent intra-day high

vegebotak

1,071 posts

Posted by vegebotak > 2021-02-18 12:50 | Report Abuse

So close...aduh... now back to 2.85

cg14134

500 posts

Posted by cg14134 > 2021-02-18 13:25 | Report Abuse

The operator saw your post that u wanted to buy at 2.73 lol!

cg14134

500 posts

Posted by cg14134 > 2021-02-18 14:10 | Report Abuse

Breakout
Don't stop to ask
Now you've found a break to make at last
You've got to find a way
Say what you want to say
Breakout...

Tin futures breakout!

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