Posted by moneySIFU > 2016-11-22 15:34 | Report Abuse

The movement of tin price in the past has largely determined the results of MSC. Please view my working below for clearer picture

If the tin price was moving up, the company were making profit
If the tin price was moving down more than 4%, the company would likely make loss

http://klse.i3investor.com/files/my/blog/img/bl2510_msc_results_vs_tin_price_movement.jpg

Posted by moneySIFU > 2016-11-22 15:36 | Report Abuse

Tin price in London Metal Exchange (LME)
http://www.investing.com/commodities/tin

Tin price in The Kuala Lumpur Tin Market (KLTM)
http://www.mtpma.org.my/index.php/statistic/2014-07-07-04-56-57

Posted by ronnietan > 2016-11-22 15:39 | Report Abuse

As world's 2nd largest..., 90% of revenue was from smelting. It's mainly a smelter, not a miner. Readers may have the wrong impression.
The group doesn't profit from tin prices directly, though it has a modest-sized tin mine, which does.

Posted by moneySIFU > 2016-11-22 15:47 | Report Abuse

From the movement of tin price in past 3 years, tin price did have direct impact over the bottom lines of MSC, but one has to study the accounts of MSC to determine if it is correctly expected.

http://klse.i3investor.com/files/my/blog/img/bl2510_msc_results_vs_tin_price_movement.jpg

Posted by ronnietan > 2016-11-22 16:09 | Report Abuse

Ok, moneySIFU, I agree, it's co-related. I just meant not direct in the sense its main business is not a miner selling tin ore. That's the impression people may have if we call it a tin producer.

Posted by moneySIFU > 2016-11-22 16:21 | Report Abuse

hmm.... fully-integrated producer of tin metal, I actually copied from MSC website, ronnietan, please see below:

Today, we are one of the world’s largest, fully-integrated producer of tin metal.
http://klse.i3investor.com/files/my/blog/img/bl2510_msc_website.jpg
http://www.msmelt.com/abt_cp.htm

Posted by moneySIFU > 2016-11-22 16:22 | Report Abuse

It's 2nd largest as indicated in MSC's annual report.

Posted by paperplane2016 > 2016-11-22 16:24 | Report Abuse

they produce tin........be it raw material from them or import. Like steel also. When steel price good, raw material up also never mind, buy high, sell higher.

Posted by moneySIFU > 2016-11-22 16:25 | Report Abuse

I get what you mean, ronnietan, it is always good to invest only if we know about the business or its future

Posted by MRapolo > 2016-11-22 16:32 | Report Abuse

i think MSC invest a lot of money in African country to get the raw material, similiar to China invest in Myanmar...

Posted by moneySIFU > 2016-11-22 17:05 | Report Abuse

By looking at the development, it is looking good, or may be should follow those reports: cautiously optimistic :)

Posted by GoldenEggs > 2016-11-22 17:11 | Report Abuse

One of the cheapest....low risk high uncertainty, mohnish pabrai stock :)

Posted by moneySIFU > 2016-11-22 17:31 | Report Abuse

Other global players up 10%-13% in one day, MSC only 1%, more to come
http://www.investing.com/equities/malaysia-smelting-corp

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360Capitalist Globally, Tin stocks heading higher...
http://www.investing.com/equities/timah-tbk
http://www.investing.com/equities/alphamin-res-balance-sheet

Posted by SuperMan 99 > 2016-11-22 17:38 | Report Abuse

Very positive development for MSC, thank you for sharing such good news, moneysifu.

Posted by SuperMan 99 > 2016-11-22 17:40 | Report Abuse

Seem like Tin price is heading to previous peak USD21,840, good for MSC.
http://www.investing.com/commodities/tin