Guangxi China Tin Group has halted production at its Laibin smelter, according to ITA intelligence.
The company began the shutdown procedure on February 10 in order to carry out routine maintenance. ITA understands that the refractory bricks will be replaced during the 45-day closure. This maintenance period could result in 1,200 tonnes of refined tin being unavailable to the Chinese tin market.
Guangxi China Tin is one of the world’s largest tin smelters, producing some 9,200 tonnes of refined tin last year. The Laibin Ausmelt furnace has an annual capacity of 25,000 tonnes of tin, while the company can produce a further 160,000 tonnes of metals including lead, zinc, silver, antimony, and indium.
2020: MSC produced 8.5 ton per day x 365 = 3102 ton per year, sold at ASP of usd$16k per ton. The 2020 PAT was $15 million = usd$3.57 million.
Supposed the PAT is conservatively at 0, then the cost of production was at usd$16k per ton.
2022: The production is increasing to 12 ton per day x 365 = 4380 ton per year. Let's assume the ASP is at usd$40,000 per ton. Then the 2022 PBT is potentially at usd$40 - 16 = 24k x 4.2 = rm$100.80k per ton profit
x 4380 ton = rm$440 million p.a. PBT guesstimate = MSC chow.chow a $8 to 10 billion mkt cap stock n growing... divided by 0.42 = $19 to 23 a share.,.
+ bonus profit from efficient 60,000 ton p.a. Smelting biz, now at 80% full plant utilization on low price GAS + new profit from FOC old residue intermediaries accumulated by the 120 yrs plant.
How do U like MSC, a multi bagger stock yet to be MIANG by all the funds n players on klse...
MSC wraps up FY2021 with all-time high net profit of RM118.1 million boosted by record high tin prices
New Pulau Indah smelter operating at 75% production capacity • Proposed dividend of 7 sen per share
Kuala Lumpur and Singapore, 18 February 2022 – Tin miner and metal producer, Malaysia Smelting Corporation Berhad (“MSC” or “the Group”) reported a sterling set of financial results for its fourth quarter (“4QFY21”) and full year ended 31 December 2021 (“FY21”).
Commenting on the Group’s performance, Dato’ Dr. Patrick Yong, Group Chief Executive Officer of MSC said, “Although 2021 was a year of continued challenges globally, MSC stayed resilient and delivered a stellar financial performance for the year. The tin supply deficit is forecasted to continue, which will sustain tin prices in the short to medium term. At the same time, tin demand remains robust in line with the global growth of electric vehicles, photovoltaic installations and consumer electronics, among others.
This bodes well for the Group.”
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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....
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Posted by Icon 888 > 2022-02-15 02:15 | Report Abuse
Go go go