MALAYSIA SMELTING CORPORATION
KLSE (MYR): MSC (5916)
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Last Price
2.61
Today's Change
-0.01 (0.38%)
Day's Change
2.60 - 2.64
Trading Volume
167,900
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
2.61
Avg Target Price
2.76
Upside/Downside
+0.15 (5.75%)Price Call
0
SELL
3
HOLD
1
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
8 people like this. Showing 50 of 4,884 comments
blessing shall be upon the head of him that selleth it
For those who sell it at a cheap price must be generous and kind to allow another to gain such profits.
AND I SHALL BUY IT
2 months ago
In yesterday's Star article, UOB KH has forecasted full year earnings of M$165 mil to M$183 mil. Divided by 420 mil shares outstanding that comes to M$0.39 to M$0.43 EPS. So it currently trades at a forecasted PER of just 7.46X to 6.77X !!If these earnings do materialise, the company can upsize the dividends to say 20-25 sen , making the yield highly sought after by insurance companies, retirees and pte banking clients. The silver lining could be a sizeable bonus issue like 1: 1 to improve the liquidity in the stock and allow hedge funds, mutual funds , ETF managers, Commodity Funds SWFs, etc to come in and take out the selling from the retail shareholders who might decide to dump the bonus shares. Truly exciting times are ahead. But the shares need a re-rating from research houses to enjoy a higher valuation. At the moment only, UOB KH, Malacca Sec and Kenanga cover the stock. Hopefully more will discover this dividend rich gem.
2 months ago
☝️ Uptrend forming after some consolidation. Looks like it’s targeting to clear the intra day high of US$36,000 and head to US$41,000 next target. ( 36k - 27k start of upmove = 9k. Add to breakout point - 32k . Draw a downtrend line from 36k high to 30k low to see where the breakout point is )
2 months ago
AS SURE AS WE ARE THAT THE SUN RISES IN THE EAST AND SETS IN THE WEST
WE CAN BE SURE MSC WILL GO TO NEW HIGHS 😂😂😂😂
2 months ago
Bursa Malaysia Malaysia Smelting Corp (MSC), is one of the world’s leading integrated producers of tin metal and tin-based products.
If you consider its net assets, about 2/3 is deployed for its smelting operations with the bulk of the balance for its tin mining operation. But when you look at the PBT over the past 12 years, 4/5 was from the tin mining operation.
Is this then a smelting company with a tin mining arm or a tin mining company with a smelting arm? This has implications for its valuation.
If this was a tin mining company, you would value it based on its tin reserves. If it was a smelting company, you would valued it based on its tin refining business. So what is the appropriate way to value it?
For more details on MSC, refer to
https://www.youtube.com/watch?v=A3u4mdV4fo8
1 month ago
i have question to @hng33, would you make profit and be able to offset the costs by selling the stock with small margin?
1 month ago
MSC had run sharply ahead of 1Q2024 results, which would not have been able to match the superb results of $36mil in 1Q2023. Tin prices in the 1Q2024 were subdued at 25k-26k oer ton. So those who sold into that powerful move did well as the results were only $18 mil profit for 1Q2024 ; 50% lower than 1Q2023 !! But since end March 2024, tin prices have skyrocketted to 32k-34k per ton, and now doing 33,300 per ton. Meanwhile the stock collapsed from 3.47 to 2.48 , a drop of $0.99 in one month !! So now is a good time to accumulate after a big fall in share prices and a sharp increase in tin prices for the 2nd Quarter 24 , to anticipate a good 2Q2024 result out early Aug 2024. The following insights were announced/revealed/noticed during the Conference Call shortly after the 1Q 2024 results :
1 Tin division profits will be higher from higher tin prices
2 Sale of slag will bring in maiden revenue from new source
3 Smelting of intermediates going on with earnest.
4 Smelting of in house tin will provide good revenues
5 Smelting of 3rd party local sourced tin also going on
6 Smelting of foreign imported tin (from Congo etc ) resumed providing smelting division with good business
7 The decommissioning of the Butterworth smelter will reduce MSC's overall costs by 30%. Sure to be a positive boost to the bottomline.
The 2Q2023 net profit was $28 mil.
I believe with all the positive catalysts mentioned above, the 2Q2024 net profit should be higher than 2Q2023.
3 weeks ago
Somebody makan 130k at 3.00 in one order !! Got committed bull entering the stock 😀
2 weeks ago
Looks like MSC stock price is following Tin's price very closely 😏. Malacca Securities report mentioned that we are in a commodity upcycle , that should be positive for MSC. Also the US$ is in a gradual spiral downwards with Powell signalling US rate cuts looming in the horizon , and since commodity prices move inversely to the US$ movements, tin is poised for better days ahead. Stay tuned for more exciting updates as we keep an eagle eye for fund flows out of the US mkts to the deeply undervalued Emerging Mkt space.
1 week ago
Tin is a damn volatile commodity. If not good at trading this commodity then better stay out
3 days ago
Hehe jokers
Msc it not tin trading
Want play tin buy tin n sell directly not msc...
2 days ago
ASP used for coming Qr should be around USD 32k, compare to previous Qr USD 26k.
additional USD 6k, Qr result on Aug, should be quite solid
1 day ago
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Star8888
Tin price big drop last night. Better sell MSC.
2024-04-25 09:27