Posted by Brookenzo > 2021-02-18 14:24 | Report Abuse

Breakout 3 ringgit anytime
Today Low volume flush down.
Exciting to wait for 5 ringgit after results

Posted by cg14134 > 2021-02-18 14:30 | Report Abuse

Om.....May the force be with u bro Brookenzo

Posted by Jokers2020 > 2021-02-18 14:47 | Report Abuse

high seller..be careful profit taking

Posted by Brookenzo > 2021-02-18 14:50 | Report Abuse

Good luck to all holders
Next week result out we will know

Posted by Brookenzo > 2021-02-18 14:53 | Report Abuse

May close 3 ringgit by closing or tomorrow breakout
May the force be with all

Posted by cg14134 > 2021-02-18 15:14 | Report Abuse

tin futures surge past us$25k!

Posted by Brookenzo > 2021-02-18 16:40 | Report Abuse

Tomorro Friday
Tomorrow break 3 ringgit
Hold tight tight

Posted by cg14134 > 2021-02-18 16:52 | Report Abuse

Tin futures up US$847.50/t and the sh px closed unchanged???

Posted by cg14134 > 2021-02-18 16:54 | Report Abuse

Either the share px catches up big time tomorrow or we are missing something...

Posted by Hafid > 2021-02-19 05:51 | Report Abuse

Dow drop.

Posted by Brookenzo > 2021-02-19 09:02 | Report Abuse

Breaking 3 ringgit today?
Let’s wait and see

Posted by cg14134 > 2021-02-19 09:23 | Report Abuse

Results after market close today or Monday?

Posted by dalpinia > 2021-02-19 10:27 | Report Abuse

floating shares left not much, hold tightly, it is going to fly to the moon!!! Alike Supermx case, after coming QR announced, it will goes all the way to RM20+!!!

Posted by Hafid > 2021-02-19 10:41 | Report Abuse

how to justify that your comment is correct.

Posted by dalpinia > 2021-02-19 11:34 | Report Abuse

BECAUSE many fund managers and IBs need a confirmed QR (excellent) to justify them to buy in later, just like Glove cases, after announced the 1st QR when demand surged then only funds & IBs rushed in......I sure know lah as I earned about 500% in glove!!! Now switched all the funds into MSC, 100%!!! Damn confident!!!

Posted by cg14134 > 2021-02-19 11:43 | Report Abuse

I hope u r right Dalpinia. I bought at 1.58 on avg, already late. I hope for RM5 unless later details on the Butterworth land suggest further upside.

Posted by vegebotak > 2021-02-19 11:55 | Report Abuse

so optimistic all ? tin price can sure frm 15k usd to 25k usd in short time, and it also can fall back to 15k usd in the same period also.....

msc major in SMELTING biz , not in mining...... if smelt the tin , they also buy frm mining company then smelt, they used to hav mining company at indonesia couple of years ago but the permit was ended and indonesia govie didt grant the renewal.

Posted by cg14134 > 2021-02-19 12:08 | Report Abuse

LME tin supply down to one day’s demand, price soars

Stocks of tin metal in LME warehouses, a key indicator of demand, were roughly 1,140 tonnes on Wednesday after 220 tonnes of tin were earmarked for delivery to buyers that day.

Global tin consumption is around 1,000 tonnes per day and current available stocks represent about one day’s consumption for the world market.

“Supply is simply struggling to keep up with demand,” said analysts at Commonwealth Bank of Australia in a report.

“Prices increased this year on the back of declining stockpiles and strong industrial demand particularly for semi-conductors and electronics,” they added.

As Stockhead has documented, there is a worldwide shortage of semiconductor components that has curtailed the production of electronic goods, EVs, smartphones and computers.

Tin is used as a replacement for lead in solder for connecting electronic circuits, an application that accounts for 50 per cent of the metal’s demand.

Projects for a total of 50,000 tonnes of tin-in-concentrate production are set to come online by 2025, said industry body the International Tin Association (ITA).

However, many of these projects are currently at early stages of development and others had been shelved because of low tin prices in 2020.

“As a result, we expect the refined tin market to enter a significant deficit after 2023,” said the ITA in a report.

Posted by cg14134 > 2021-02-19 12:09 | Report Abuse

Read the last statement

Posted by Brookenzo > 2021-02-19 13:00 | Report Abuse

The last 2 days Low volume weakness already suggest most of the long term holders have picked up
Wait for the contras to come out by today and next week with the results, we probably will be going towards 3.50-4 ringgit
Tin price surge definitely help us all the way.

Posted by cg14134 > 2021-02-19 13:24 | Report Abuse

2019 AR indicated RHT's tin reserves of 50011t. I hope to see more disclosure of SLT's tin reserves and operation numbers in 2000A AR. Theoretically MSC can easily raise own tin-in-concentrates output to exploit the buoyant tin price.

If they can produce at 120% of what TheEdge's article previously indicated,

Avg daily production = 1.2 * (10500 + 200)kg or 12.84t
Assume 315 days of mining a year, can expect 2021 annual tin-in-concentrates production of 4044.6t, which translates into 3033.45t of refined tin assuming 75% yield.

Assuming US$:RM exhange rate of 4.0 and avg refined tin px of US$27000/t (slightly less than 29,000 currently in terms of spot px) , mining pretax profit alone would be 3033.45 * (27000 - 15000) * 4 or RM145.6m.

Posted by cg14134 > 2021-02-19 13:28 | Report Abuse

2021 Pretax profir from own mines (RHT and SLT)

Posted by Brookenzo > 2021-02-19 13:57 | Report Abuse

this is a 10-15 ringgit stock next 2 years

Posted by Jimmy Lim > 2021-02-19 17:10 | Report Abuse

jauh ceritalah itu, RM5 pun belum capai bro

Posted by gemfinder > 2021-02-19 17:32 | Report Abuse

15milion only pat

Posted by gemfinder > 2021-02-19 17:32 | Report Abuse

Too high expectation?

Posted by JSoang Ooi > 2021-02-19 17:47 | Report Abuse

ur high expectation? u expect this qr to be very good? average tin price just climbed up wat.. tin price for this qr report was average RM76k, about usd19k.. now already almost usd 27k.. coming qr will even better.. plus surge in demand.. pulau indah plant will be fully functioned by end of this year, or early 2022..

Posted by oohlala > 2021-02-19 17:48 | Report Abuse

tin price only shoot over the roof starting Jan 2021. there will be some delay to reflect tin price to profit.

Posted by Hafid > 2021-02-19 17:56 | Report Abuse

The price already built in but if down a lot can still buy.

Posted by vegebotak > 2021-02-19 18:13 | Report Abuse

result out , utg 15 mil , 4 sens per share, 1 sen dividend, oct to dec 2020 , avg tin price 71k myr.

Posted by Lasthope > 2021-02-19 18:19 | Report Abuse

now Jan-Feb average tin price RM105k = 48% ASP increase compare to last quarter :D

And the Tin price still increasing...
I expect it will break all time high as demand increase, since EV. semiconductor, 5G, green energy sector are boomming.

typically like "supermax" or "topglove" counter ~~

ASP power!

Posted by Lasthope > 2021-02-19 18:24 | Report Abuse

“Looking ahead, we are positive on the outlook of the MSC Group driven by our rationalization efforts and the interest in the tin industry. For 2021, we are already seeing tin consumption recover with LME 3-month tin price soaring to seven-year highs of USD23,443/tonne in February 2021 as supply strives to meet demand. Various factors, such as increasing sales of electronic devices due to work-from-home arrangements as well as growth of electric vehicles, have boosted demand for tin. This bodes well for MSC with high tin prices benefiting our tin mining and smelting divisions. The commissioning of the Pulau Indah smelter is timely as we are well positioned to capitalize on the rising tin demand.”

From the Quarter Report

Posted by Lasthope > 2021-02-19 18:27 | Report Abuse

actually the quarter results quite easy to predict by looking at this.....

https://www.mtpma.org.my/index.php/statistic/2014-07-07-04-56-57

Posted by Lasthope > 2021-02-19 18:29 | Report Abuse

ASP increase is pure profit.... as no extra cost is need....

Glove counter taste it before...

now Tin Counter turn...

MSC world 3rd largest Tin producer :D

Yunnan Tin world 1st largest Tin producer, 2 consecutive day limit up at open market...
people no chance to trade at all...

Posted by Lasthope > 2021-02-19 18:30 | Report Abuse

But please keep low profile ya guys....

Later glove counter people come in will mess up the situation =.=''

Posted by ayadsophia > 2021-02-19 18:33 | Report Abuse

Down without reason. Up also without reason. Operator moody like my better half....

Posted by cg14134 > 2021-02-19 19:42 | Report Abuse

Now that the 4Q20 result is out, it is time to look forward. To drive future share price gain, the following are needed:

1. Continuing global supply deficit vs demand so that tin price remains elevated, which seems likely for the next 12 months;
2. Better than expected output vol from RHT and SLT.
3. Better than expected terms for the Butterworth land JV with Straits Trading (Should be huge).

Posted by DCCIH9E > 2021-02-19 19:45 | Report Abuse

The chart looks very nice, chasing D&O soon....

Posted by cg14134 > 2021-02-19 20:00 | Report Abuse

From 2019 AR re accounting policy on inventories:

2.16 Inventories

Inventories are stated at the lower of cost and net realisable value.

Cost of trading inventory of refined tin metal is determined on a first-in first-out basis.

Cost of inventories of tin-in-concentrates and tin-in-process which have matching sales
contract for refined tin metal from tin smelting operations, are stated at the value of such
contract less cost for conversion. This value is consistent with cost, as it is the practice of the
tin smelting operations of the Company to buy tin-in-concentrates and sell refined tin metal on
a back to back price basis.

Cost of tin inventories which has no matching sales contract is calculated using the weighted
average cost method less allowance for conversion.

Absorption costing is used in the mining operations to assign costs to tin inventories using the
weighted average cost method which includes both variable and fixed overhead cost
components.

Cost of other inventories comprising stores, spares, fuels, coal and saleable by-products is
determined using the weighted average cost method.

Net realisable value is the estimated selling price in the ordinary course of business less the
estimated costs of completion and the estimated costs necessary to make the sale.

Posted by cg14134 > 2021-02-19 20:02 | Report Abuse

I wonder how much of 4Q20 tin price appreciation has been reflected by the just announced 4Q20 results.

Posted by Centurion > 2021-02-19 20:06 | Report Abuse

Hard to predict. Depending they sell at spot price or futures price. Next week might drop below RM2.50 is tin price drop.

Posted by cg14134 > 2021-02-19 20:08 | Report Abuse

End-4Q20 inventories were RM604.8m vs end-3Q20's RM467.4m suggesting likely even bigger vol tactically hoarded for value appreciation?

Posted by ming > 2021-02-19 20:51 | Report Abuse

Reversal of inventory write down.. hmm

Posted by DCCIH9E > 2021-02-19 21:15 | Report Abuse

D&O after pose profit in chinapress, price continue up. Same to MSC today pose profit in newspaper, more invester will know this counter. Price will up......

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

The tin price is crazy man.... now breaking new high...

I predict eventually it will go beyond USD 50k end of this year...

Mark my word :D

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

Haha
Got people wish to buy cheaper so will talk down the stock but got people wish the price to go up will talk up the stock. Tin is the hottest metal now. The trend is your friend. With a huge hoard of tin inventory, msc should stagger their sales at such highe tin price. 2021 revenue and profits will be a few fold more than 2020 because don’t forget that msc has 2 quarters of mco without revenue.
2021 has 4 quarters of mining and smelting.
Do the math.
5-10 ringgit this year is achievable
Something like top glove scenario

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

Is there any link to see real live price of tin trading? Can share the website link ?

Posted by Lasthope > 2021-02-19 21:22 | Report Abuse

Yup, definitely will be top glove scenario...

But I hope will be supermax scenario :D

Posted by Lasthope > 2021-02-19 21:23 | Report Abuse

To Brookenzo,

Nah give you the link:

https://www.investing.com/commodities/tin

Posted by Brookenzo > 2021-02-19 21:25 | Report Abuse

Thank you Lasthope for sharing the link