Posted by ssky507 > 2022-02-22 12:15 | Report Abuse

true... i cant imagine the tin price will go highest till where, but surely now MSC still low to buy

Posted by PROFIT2020 > 2022-02-22 12:28 | Report Abuse

Great….

Posted by thesteward > 2022-02-22 12:54 | Report Abuse

https://www.ustradenumbers.com/import/tin-unwrought/

Posted by Goldberg > 2022-02-22 13:36 | Report Abuse

Indonesia may stop tin exports in 2024, President Jokowi says
-------------------------------------------------------------

Indonesia may stop tin exports in 2024 as part of efforts to attract investment into the resource processing industry and improve the country's external balance, President Joko Widodo said.

Efforts to stop exports of raw commodities and attract investment in downstream industries will improve Indonesia's trade and current account balances, he said, using the example of banning nickel ore exports to attract investment in manufacturing of electric vehicle batteries.

"We have started with nickel. Maybe next year, we are calculating, we may stop exports of bauxite. The next year we may be able to stop copper, and the next year tin," Jokowi told the central bank's annual gathering with financial stakeholders.

This may result in an acute shortage of Tin in future and cause the price of tin to be elevated for a long time.

This news appeared in late last year- still relevant though.

Posted by thesteward > 2022-02-22 14:39 | Report Abuse

Wah tudia

Posted by thesteward > 2022-02-22 14:40 | Report Abuse

https://www.reuters.com/markets/commodities/indonesia-may-stop-tin-exports-2024-president-says-2021-11-24/

Posted by thesteward > 2022-02-22 14:40 | Report Abuse

Nov 2021

Posted by thesteward > 2022-02-22 14:42 | Report Abuse

Really find it ironic still trading below rm5 when some companies that don’t even hv such good FA can last time shoot up fm pennies become ringgit stock with some good news .

Posted by thesteward > 2022-02-22 14:47 | Report Abuse

Agree w you all …could go double digit hopefully this year

Posted by treasurehunt > 2022-02-22 14:56 | Report Abuse

Tin consumers may factor in potential risks banning by Indonesia. They are expected stocking up tin just in case.

Posted by thesteward > 2022-02-22 14:59 | Report Abuse

Yes treasurehunt

Posted by treasurehunt > 2022-02-22 15:23 | Report Abuse

MSC is targeting to increase the mining out of tin to 3,000 tonnes or 28% in 2022 against 2,350 last year. They have upgraded their mining facilities of extracting tin ore to 12tonnes per day.

Posted by jason007 > 2022-02-22 16:05 | Report Abuse

5, 6 , 7 , 8 coming ?

Posted by PROFIT2020 > 2022-02-22 16:39 | Report Abuse

Yes

Posted by ValueInvestor888 > 2022-02-22 17:54 | Report Abuse

UOB Reseach

Mining to lead the earnings growth.

MSC’s mine managed to increase its average daily mining output to 11mt/day (from 8mt/day) in 2021 as it explored new deposits and utilised new technology. MSC will continue to boost its mining output to 12mt/day by 2022. In addition, MSC commenced mining activities at Sungai Lembing, Pahang last year with minimal average production of 100-200kg/day. In the next 1-2 years, the mine is expected to gradually produce over 1,000mt/year. MSC is also in the midst of finalising some potential JVs to expand its mining activities in the area surrounding RHT, which will further increase its mining output. However, since mining exploration is a time-consuming activity, we expect the earnings contribution will only be generated in the next 4-5 years.


• Margins improvement from the new smelting plant.

Smelting’s margin improved qoq from around 4% to 7% in 4Q21, partly due to utilisation of the new plant. The eco-friendly plant at Pulau Indah is now fully operational as evidenced by our recent ground checks. It boasts production costs that are at least 20% lower than the old ones in Penang as it has better efficiency via its single-stage smelting (vs multistage smelting process used
previously). The plant also has a 50% higher production capacity (60,000mt) while requiring >40% less manpower. MSC has also commenced the smelting of about 7,258mt tin intermediates at its Butterworth smelter in 3Q21, which will take about two years to complete. This will help to gradually boost its smelting earnings going forward.

• Prolonged rally in tin prices to boost earnings in 2022. As of 18 Feb 22, tin prices
continue to surge to new highs (over 100% yoy) to US$44,150/mt. In China, the temporary
shutdown of some smelters for maintenance and the disruption of tin ore imports from
Myanmar further disrupted China’s refined tin output. In Indonesia, there have been delays
to private smelter export licenses by the government that fueled speculation and pushed
prices higher. Although global production in 2021 improved 11% yoy to 378,400mt, tin deficit
is still expected to rise 24% yoy in 2022. As such, while prices may ease gradually in 2022
as supply improves, we believe prices will remain higher than the historical average of
around US$18,000/mt. The spike in production cost due to inflationary pressure and power
crisis amid the decarbonisation agenda will lend further strength to tin prices.


EARNINGS REVISION/RISK

• Raise 2022-23 net profit forecasts. We raise our 2022-23 net profit forecasts by 21% and
15% to reflect better margins and we increase our tin price assumptions from US$34,000
and US$30,000 to US$36,000 and US$32,000 per mt respectively, reflecting the prolonged
rally in tin prices. We also introduced our 2024 forecast with price assumption of
US$30,000/mt. Based on our sensitivity analysis, every US$2,000/mt rise in our tin price
assumptions would boost earnings by about 12% a year.


VALUATION/RECOMMENDATION

• Downgrade to HOLD despite higher target price of RM4.45, as share price rally almost
reflected the intrinsic value. Our target price implies 10x 2022F PE (five-year mean PE). If tin
prices remain at the current high of US$44,000/mt in 2022, it could result in a 10% upside to
our target price at RM4.89 (8x 2022F PE). Our blue-sky earnings suggest a potentially
higher target price of RM5.37 (8x 2022F PE), -1SD to its five-year PE mean.

Posted by PROFIT2020 > 2022-02-22 18:35 | Report Abuse

Good info

Posted by treasurehunt > 2022-02-22 19:20 | Report Abuse

Again, IB simply picked a number of PER 8x anyhow without making a comparison.

Posted by treasurehunt > 2022-02-22 19:36 | Report Abuse

Why not make a comparison with the smelters like OMH, PmbTech and Pmetal? A company goes for IPO listing also has to take a few companies for benchmarking to get an average PER to compute the listing price.

Posted by thesteward > 2022-02-22 19:56 | Report Abuse

UOB gave a tArget price of rm1.17 for swift .
Sometimes we analyse ourselves better .

Posted by thesteward > 2022-02-22 19:56 | Report Abuse

Exactly compare w the likes of pmetal pmbtech etc

Posted by treasurehunt > 2022-02-22 20:01 | Report Abuse

MSC, OMH, PmbTech and Pmetal are all involving in smelting business. Their profit is highly dependent on commodity prices because of the inventories. When the prices of their product (commodity) up, the profits follow suit and vice versa.

Posted by OTB > 2022-02-22 23:14 | Report Abuse

I thought there are many tin mines in Perak, many companies can start to mine tin since the price of tin is so high now.
It will be very profitable to mine tin in Perak near Ipoh areas. Tin mining industries were the best industries in the sixty.
Ipoh is the most famous night spot in the sixty.
Most of the richest man in Malaysia in the sixty are from Perak, most of them are tin miners.
Thank you.

Posted by chshzhd > 2022-02-22 23:26 | Report Abuse

https://www.sinchew.com.my/20190408/%E9%A9%AC%E7%86%94%E9%94%A1%E5%A4%95%E9%98%B3%E5%8F%98%E6%9C%9D%E9%98%B3/

Posted by treasurehunt > 2022-02-22 23:31 | Report Abuse

Many old mining areas in Perak have turned into housing estates for the last 2 decades. Mining exploration is a time-consuming activity. People cannot simply circle a land going for mining activities causing ESG problem nowadays.

Posted by OTB > 2022-02-22 23:34 | Report Abuse

Dear treasurehunt,
You are very knowledgeable.
Thank you for your information.

Posted by treasurehunt > 2022-02-23 08:42 | Report Abuse

OTB, You are welcome. Another potential area to grow tin production
by 1k tonnes within 2 years.

" In addition, MSC commenced mining activities at Sungai Lembing, Pahang last year with minimal average production of 100-200kg/day. In the next 1-2 years, the mine is expected to gradually produce over 1,000mt/year"

Posted by PROFIT2020 > 2022-02-23 09:05 | Report Abuse

Buy and keep

Posted by Mrskywalk > 2022-02-23 09:05 | Report Abuse

5,6,7,8, is coming

Posted by PROFIT2020 > 2022-02-23 09:07 | Report Abuse

Surely…

Posted by PROFIT2020 > 2022-02-23 09:11 | Report Abuse

30 cent up again today?

Posted by PROFIT2020 > 2022-02-23 09:12 | Report Abuse

RM5 today?
Lets ride for the future…

Posted by thesteward > 2022-02-23 09:49 | Report Abuse

Tim futures up again

Posted by planta > 2022-02-23 09:49 | Report Abuse

Modern yap ah loy,. Rm5 coming soon

Posted by treasurehunt > 2022-02-23 10:28 | Report Abuse

Pmbtech also can be regarded as a 'tech' stock. MSC should change its name to MSC Technology so as to enjoy the fancy technology trend. Lolz

Posted by james70 > 2022-02-23 11:02 | Report Abuse

Fitch Solutions raises price outlook to US$42,000 a tonne

Tin prices are likely to break new record highs this year and stay elevated in the longer term as rapid recovery in demand has outstripped the slow pace of supply growth.

“The slow pace at which global tin supply has recovered from the Covid-19 pandemic has been outpaced by the rapid recovery in demand.

On Thursday, tin for delivery in April was quoted at 328,550 Chinese yuan a tonne (US$51,878) on Shanghai Futures Exchange. On the London Metal Exchange, the metal was quoted at US$43,785 a tonne for cash and the three-month contract ruled at US$43,700.

Fitch Solutions said tin prices will continue to edge higher over the years as demand will “continue to be robust and increasingly outstrip supply”.

Demand picks up during pandemic. The World Bank said growth in electronics and photovoltaic installations had significantly increased demand for tin.

FSCRIR said the main reason for demand growth to outstrip increase in supply is the Covid pandemic led to increased sales of medical and home equipment and personal devices. All these products use tin for soldering.

“The resulting reduction of global refined tin stockpiles has continued to force prices higher, and left the market significantly exposed to price increases, that was especially seen during China’s power crunch,” Fitch Solutions said.

Besides medical and home equipment, tin is becoming consumed in a big way by the greening of the economy as tin solder is used in photovoltaic cells.

Price outlook revised. The current bull run of tin has resulted in Fitch Solutions raising its price outlook for the metal to US$42,000 a tonne this year from its earlier projection of US$32,500.

Posted by james70 > 2022-02-23 11:03 | Report Abuse

https://www.theedgemarkets.com/article/malaysia-smelting-corp-likely-see-record-fy22-says-kenanga

KUALA LUMPUR (Feb 23): Kenanga Research has maintained “trading buy” on Malaysia Smelting Corp Bhd (MSC) with a fair value of RM5.55 and said MSC is likely to see a record financial year in the financial year ending Dec 31, 2022 (FY22).

In a note on Wednesday (Feb 23), the research house said the world’s largest toll smelter is riding on the current commodity rally, which saw both its earnings and share price escalating to all-time highs.

It said with supply of tin expected to remain tight, especially from Indonesia, China and Myanmar, with elevated demand still rising due to usage such as in the electric vehicle segment, tin prices are expected to remain high in the near future.

“Given the persistent supply-demand imbalance, the record tin prices of more than US$44,000 (about RM184,052)/MT are likely to stay elevated in the near future.

“Together with its tin mining unit going for secondary mining, which will boost volume, and the efficient new Pulau Indah plant, MSC is likely to see another record in FY22.

“MSC’s share price will ride on the commodity rally wave.

“At 11 times FY22E forward earnings, which is the peers’ average, MSC is valued at RM4.62 based on the consensus tin price forecast while at the forward tin price, it is priced at RM6.48,” it said.

In view of strong price prospects, Kenanga said MSC should be valued at RM5.55, which is the mean of these fair values above.

Posted by targetinvest > 2022-02-23 11:04 | Report Abuse

Rising crack spread also can invest in hengyuan

https://klse.i3investor.com/blogs/targetinvest/2022-02-23-story-h1599237478-IT_IS_THE_TIME_FOR_HENGYUAN_TO_DRIVE_A_NOTCH_HIGHER_WITH_RISING_CRACK_S.jsp

Posted by supersinginvestor > 2022-02-23 12:03 | Report Abuse

Best zinc counter to buy..

Posted by treasurehunt > 2022-02-23 12:08 | Report Abuse

MSC will be put into smelter gang, OMH, Pmbtech & Pmetal, soon.

Posted by Goldberg > 2022-02-23 12:40 | Report Abuse

Based on forward tin price, MSC is priced/valued at RM6.48 as per Kenanga Research.

Posted by warrantKing > 2022-02-23 13:21 | Report Abuse

This stock so strong , super uptrend lehh

15sens QR is this qr ,
Next QR hmmmnnn , 20sens ?

Posted by ssky507 > 2022-02-23 13:30 | Report Abuse

https://www.theedgemarkets.com/article/malaysia-smelting-corp-likely-see-record-fy22-says-kenanga

Posted by ssky507 > 2022-02-23 13:31 | Report Abuse

fair value Rm5.55, highly can be Rm6 ,

Posted by PROFIT2020 > 2022-02-23 14:44 | Report Abuse

Wait fot RM5 first..

Posted by treasurehunt > 2022-02-23 14:48 | Report Abuse

Is it MSC on the way joining fat valuation of the niche mineral Smelter club?

- MSC - PER 17x
- PmbTech - PER 76x
- Pmetal - PER 62x

Posted by troy88 > 2022-02-23 15:34 | Report Abuse

Solid! Soaring to the next level..

Posted by Jimmy Lim > 2022-02-23 16:16 | Report Abuse

singapore kiah tp sgd15....

Posted by PROFIT2020 > 2022-02-23 16:20 | Report Abuse

Yes

Posted by PROFIT2020 > 2022-02-23 16:23 | Report Abuse

5 6 7 8 9 10

Posted by PROFIT2020 > 2022-02-23 16:23 | Report Abuse

Buat raya MEI 2022