MSC (5916): Trailing 4Q Financial Results

seems like many get washed out

2 months ago

MSC doing 2.43 !! Understand Conference Call 15th Aug.

2 months ago

SuperTrump69

Nice monday

2 months ago

Con Call held this morning was generally positive with a stronger 2nd half ahead. Smelting ops back to normal after the rebricking exercise mid May to mid July , which shut down the furnace. Supply shortage of 3rd party ore for smelting also saw some easing. Smelting profits should rebound strongly in 2Half 2024. Tin prices sholud remain strong as demand outstrips supply globally.

2 months ago

What about the few thousand tons of intermediates stock? Can’t smelting process them?

2 months ago

abc333

civil war in myanmar and congo turn worst, tin price might sky rocket like 2022

2 months ago

Smelting of intermediates going on. There was a deduction of 12 mil in 2Q results under Eliminations/Adjustments which will be added back in 3Q.

2 months ago

seems like tin price is slowly climbing back to 35k, MSC should have better q ahead since done rebricking earlier

2 months ago

Thanks Greenminer. How co value the intermediates?

2 months ago

Mgt did not give any details on the value of the intermediates.

2 months ago

can test 2.50 level today?

2 months ago

soon will test 2.60 in near future

2 months ago

Profit for 3Q2023 was only 12 mil. This is a low hanging fruit for MSC to gobble up !! 4Q2023 profit was even lower at 9 mil , so the next 6 months should see some sustained buying interest as these numbers will be easily overcome with better results hopefully at several multiples times the 3Q and 4Q 2023 numbers.

2 months ago

Green miner, it’s a norm that annual repair is 3months?

2 months ago

It was from mid May to I think mid July. They acquired 2 rotary furnaces to take over the smelting of intermediates when the main furnace was undergoing rebricking. The problem is that one of the 2 also broke down , hence the lower amount of smelted products. They have now acquired a 3rd Rotary furnace as a back up to the backup. Hopefully, in future the Rotary furnaces can seamlessly continue the smelting work when the main furnace is under maintenance. I think they are also trying to reduce the time taken to rebrick by sourcing for new materials. This should address the once a year rebricking issue.

2 months ago

thanks for sharing greenminer

2 months ago

Thanks greenminer. Look like the state of the art furnace not efficient. Down time 3 months, quite difficult to make good profit for smelting division.

2 months ago

Hopefully from now onward no more 3months maintenance.

2 months ago

abc333

LMEselect Tin 3 Month, USD/mt
LMEarrow
Latest:32,900
+584 (+1.81%)

2 months ago

goldmanbull

Today like got power

2 months ago

CEO Datuk Yong's recent purchases clearly signal strong prospects ahead for MSC , starting with a resurging 3Q2024.

2 months ago

wow tin futures 33k more to come?

2 months ago

VincentTang

Tin price big drop.

2 months ago

tin futures start to climb again, demand should be better

1 month ago

hw0706

HOW IS THE PROPERTY BUSINESS OF STRAITS TRADING

1 month ago

Tin US$32,295

1 month ago

MSC ($2.40) - Announces an interim dividend of 7 sen. Ex on 9.10.24.
The interim dividend of 7.0 sen per share translates to a dividend payout of
RM29.4 million. This is 84% of the company's 1st Half24 earnings !! This is really telling us something. Very very few companies would pay out almost all their earnings as dividends UNLESS they are confident that going forward the earnings are going to be strong. In a silent way, they have telegraphed that they are confident that 2H24 earnings are finally going to be significantly better that 1H24 which was only $35 mil.

1 month ago

But share price seem sideways and weak

1 month ago

hw0706

2.50 UP

1 month ago

kl_guy

wow engine start again .

1 month ago

kl_guy

1st resistance rm2.57 . 2nd resistance rm2.74

1 month ago

wow looks like i was wrong on being weak hmm

1 month ago

Thanks Greenminer. Keep us updated

1 month ago

NI NE CHAIRMAN CHEW GEK KHIM BOT 26,500 SH AT M$2.391

1 month ago

INSIDERS AND MAJOR SHAREHOLDERS BUYING STOCK IS A GOOD SIGN

1 month ago

LMEselect Tin 3 Month, USD/mt
Latest:33,925
+46 (+0.14%)

1 month ago

LMEselect Tin 3 Month, USD/mt
Latest 34,070
+265 (+0.78%)

4 weeks ago

Today gone Ex for 7 sen dividend but stock has dropped much more than that🙄. Now doing 2.45 down 20 sen !! Low was 2.35 down 30 sen !!🙁

3 weeks ago

Fundamental Trader

Potential short squeeze

3 weeks ago

kl_guy

will the silver up trend come over to msc ?

1 week ago

serbatipu

Is tin also impacted by carbon tax ?

1 week ago

Kyuki0509

GreenminerMSC

The stock has been dropping after the ex dividend date.

Do you still believe it’s a good stock?

1 week ago

Somebody has been selling it down everyday . The dividend was 7 sen but it has fallen 40 sen from ex date on 9th Oct, with 30 sen of the drop coming on the 9th itself. Not sure what the reasons are but the share price could be tracking Tin which has recently dropped from 34k to 31k . The 3Q 24 results are round the corner , probably around the 9th of Nov. 3Q 24 should be better than 3Q 23 ($9 mil) and 2Q 24 ($17 mil ).

1 week ago

Kyuki0509

I regret to have bought this stock after having read your recommendation notes

1 week ago