stonest

stonest | Joined since 2021-09-22

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2022-01-25 12:05 | Report Abuse

That is based on their conservative assumptions. Blue-sky scenario TP can go as high as RM4.71!

Simple math bro, if the first 3 quarters of 2021 with the disruption of lockdowns, MSC already made record-high profit of RM55m with average tin price of $30k. Now tin prices are at $43k, production resume normally and the new low-cost plant also fully running, stronger profit ahead!

Stock

2022-01-25 09:42 | Report Abuse

uob just up TP to RM3.83! tin is going stronggg

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2021-10-28 15:32 | Report Abuse

Today is purely sentiment reacting to the news that China is putting a cap to the coal prices. While fesi futures in China fell in tandem with coal futures, the actual spot international prices still remain somewhat stable of above $3,000/tonne (still higher compared to historical prices). Fundamental is still intact. Ferroalloy supply remains tight globally. Nothing major change. OMH will benefit greatly. Time to collect more on such a cheap price!

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2021-10-28 09:11 | Report Abuse

It's just nature of the market, up and down. Buying opportunity now as it may potentially rally closer to the upcoming full year result!

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2021-10-22 12:42 | Report Abuse

Haha hit uob's target price already. i'm sure there are much more upside after MSC release its earnings this year and also after the new Pulau Indah plant fully running next year with the tin prices are still strong!

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2021-10-15 09:58 | Report Abuse

I've seen frequent TP upgrades on some companies before. I think it's quite reasonable when there are so many drastic changes happening in the industry, especially these days, truly an unprecedented time!

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2021-09-29 11:58 | Report Abuse

sims, here's the report that I mentioned earlier on the RM4.01 TP. Ferrosilicon and silicomanganese alloy prices continue to rise today, to the moon!

https://alanyeo.files.wordpress.com/2021/09/strategy_-_commodities_rally_continues_to_gain_momentum.pdf

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2021-09-28 10:10 | Report Abuse

uob just increased TP to about RM4 (A$ 1.32), similar to the aussie broker i.e. A$ 1.37. Huge upside!

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2021-09-22 16:25 | Report Abuse

Last week, UOB set a TP of RM3.02. To the moon!