MALAYSIA SMELTING CORPORATION
KLSE (MYR): MSC (5916)
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Last Price
2.05
Today's Change
-0.08 (3.76%)
Day's Change
2.02 - 2.13
Trading Volume
1,762,900
Overview
Market Cap
861 Million
NOSH
420 Million
Avg Volume (4 weeks)
510,300
4 Weeks Range
2.02 - 2.29
4 Weeks Price Volatility (%)
11.11%
52 Weeks Range
1.98 - 3.47
52 Weeks Price Volatility (%)
4.70%
Previous Close
2.13
Open
2.13
Bid
2.05 x 22,000
Ask
2.06 x 5,000
Day's Range
2.02 - 2.13
Trading Volume
1,762,900
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2024 [#3] | 15-Nov-2024
Next QR | Est. Ann. Date
31-Dec-2024 | 15-Feb-2025
T4Q P/E | EY
14.69 | 6.81%
T4Q DY | Payout %
15.12% | 222.13%
T4Q NAPS | P/NAPS
1.79 | 1.15
T4Q NP Margin | ROE
4.42% | 7.80%
News and Blogs
Related videos
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: METALS
Subsector: METALS
Description:
Malaysia Smelting Corp Bhd is a Malaysia-based investment holding company focuses on both smelting of tin concentrates and tin bearing materials. The company operates through three segments: Tin Smelting, Tin Mining, and Others. It is principally engaged in the manufacture and sale of solder products for jointing and semiconductor applications in the electrical and electronics industries. The Others segment includes investments in other metal and mineral resources. Most of the revenue comes from tin mining and smelting of tin concentrates, tin-bearing materials and from the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products.
Discussions
8 people like this. Showing 50 of 4,986 comments
GreenminerMSC
The stock has been dropping after the ex dividend date.
Do you still believe it’s a good stock?
2 months 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 ).
2 months ago
I regret to have bought this stock after having read your recommendation notes
2 months ago
Last year , MSC reported on Friday 17th Nov 23. This year probably on Friday 15th Nov 24
2 months ago
what a surprise .. 2nd interim special dividend of 17 cents declared for the quarter .. taking 9 mths dividend payout to 24 cents thus far ... a dividend bonanza year indeed .. can expect another 7 cents final dividend payment next quarter :)
2 months ago
sori la monday kita fly lor, already remind you buy still want show lcly with me
2 months ago
Good declaration to avoid extra 2 % tax over rm100 k income next year. Hopefully other listed companies will follow. Thanks Directors.
2 months ago
Hw0706
U should be careful n put ur money in fd rather than coming here la..😂
U wan careful.use condom
U in the wrong place
2 months ago
The company rarely did this in the past, apparently 24c dividend to be paid this year is to avoid 2% tax on dividend next year. Total dividend exceeded this year 9 months accumulated profit can also mean year 2025 profit is brought forward to this year as dividend.
2 months ago
i bet to differ that this special dividend payout is to bring forward the dividend from 2025, though i have no privy to the insider's news; if we dissect its YTD 2024 earnings result, the key drag on its earnings is obviously from its smelting division including a loss in Q3 which management attributed to foreign exchange losses & lower smelting performance, taking the shine away from its stellar tin mining division; before commissioning of its new smelting facility at Pulau Indah late last year, smelting division generated at healthy PBT of RM60-70 million a year via its obsolete plant in Butterworth; but since running both plants concurrently, smelting division had struggled to make profit over the last 3 quarters due to higher overheads & manpower to run both plants in parallel; i would expect the PBT of the smelting division to normalize back to RM60-70 million a year (if not better) once the old Butterworth plant is completely decommission before end of 2025; and assuming that tin price can hold at the current level, we can expect an additional operating cash generation of RM60-70 million next year to support its generous dividend payout in the future (i.e. management has reiterated few times that it can achieve cost savings of 30% once the old Butterworth plant is being decommissioned but stop short of providing the actual figures); and i wouldn't discount entirely that the dividend is a foregone case next year ya .. in fact, i'm seeing a strong run to its share price once the RM60-70 million smelting business margins return :)
2 months ago
Good agree.
But the key is what they going to do with butterworth plant??
Its a gold mine that land..
Worth how much???
2 months ago
If its going to be for development will they sell it.
? Or develop it...tin mine to gold mine...
WHAT U PEOPLE THINK..
Rm2.5 per share for butterworth land??
2 months ago
560k sq feet in butterworth worth how much u think?
Freehold land.
Valued in 2018@78mil
Now ?
2 months ago
Once closed in 2025 revalue in 2026 how much u think
For development how much can return?😁
2 months 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.
2 months ago
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2 months ago
MSC investors, congratulations. Revenue stable ,sales increasing .that is what we want to see.
2 months ago
This stock hardly moved. Unless certain positive news flow. With the special 17 sen dividend announcement still stick at this price range. Need somebody to play up
2 months ago
Green miner, smelting segment still underperform. Mining very good. 17cts special dividend is superb! Ringgit weakening compensates for the tin price drop in usd. Will smelting improve in this quarter?
1 month ago
MSC is not having 3Q24 results briefing. They decided to do 2 times a year from now onwards. So no update on why smelting side is still not firing. The mining side is doing good. We will just have to depend on their next update in mid Feb 25 when the results come out to see if the smelter side is pulling its own weight. But the heavy selling from the ex date of the 7 sen dividend on 9th Oct 24 , when stock fell from 2.70 to 2.30 in 3 days, should have alerted us that someone was taking the view that 3Q24 results will disappoint.
1 month ago
I suspect there was a big sell order ( Institution ?) that has taken 3 days to complete , pushing the share price down 10% !! The seller is a very smart seller. He does not put big sell orders on the queue. Instead, he patiently gives to the buyers who are queueing on the buy side. So you dont see any big quantity on the sell side, but all the bids are being hammered. Near the close , he will accelerate the selling, so as to push the price down aggressively. His average selling price , selling throughout the day will be higher than the closing price ( probably the low for the day). The Institution is happy because the broker got out at a higher average price than the closing price. Todays volume was 1.75 mil shares , might suggest the selling has ended, but we will really only know on Monday if the same pattern continues or not.
1 day ago
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