MALAYSIA SMELTING CORPORATION

KLSE (MYR): MSC (5916)

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Last Price

2.40

Today's Change

+0.14 (6.19%)

Day's Change

2.37 - 2.45

Trading Volume

2,081,800


8 people like this.

4,972 comment(s). Last comment by zildjian 15 hours ago

serbatipu

336 posts

Posted by serbatipu > 4 days ago | Report Abuse

Supposed tomorrow qr

Hansek

15 posts

Posted by Hansek > 3 days ago | Report Abuse

today qr, faster buy

Cnlim

490 posts

Posted by Cnlim > 3 days ago | Report Abuse

faster buy faster die

ckwee168

43 posts

Posted by ckwee168 > 3 days ago | Report Abuse

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 :)

Hansek

15 posts

Posted by Hansek > 3 days ago | Report Abuse

sori la monday kita fly lor, already remind you buy still want show lcly with me

KClow

1,317 posts

Posted by KClow > 3 days ago | Report Abuse

Limit up.lai lai

Ahthau

5 posts

Posted by Ahthau > 3 days ago | Report Abuse

Good declaration to avoid extra 2 % tax over rm100 k income next year. Hopefully other listed companies will follow. Thanks Directors.

hw0706

834 posts

Posted by hw0706 > 3 days ago | Report Abuse

Becareful

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

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

StarOfTheBull

8,000 posts

Posted by StarOfTheBull > 2 days ago | Report Abuse

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.

ckwee168

43 posts

Posted by ckwee168 > 2 days ago | Report Abuse

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 :)

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

Good agree.
But the key is what they going to do with butterworth plant??
Its a gold mine that land..
Worth how much???

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

Once close whats the plan amd how much will we shareholders get...😁

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

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??

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

Still think msc is worth a mere rm2.30?????

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

560k sq feet in butterworth worth how much u think?
Freehold land.
Valued in 2018@78mil
Now ?

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

Once closed in 2025 revalue in 2026 how much u think
For development how much can return?😁

KClow

1,317 posts

Posted by KClow > 2 days ago | Report Abuse

Think for yourself how much is msc worth?

Posted by fesizabu123 > 2 days ago | Report Abuse

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.

mf

29,153 posts

Posted by mf > 2 days ago | Report Abuse

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Mak_kiah

629 posts

Posted by Mak_kiah > 1 day ago | Report Abuse

MSC investors, congratulations. Revenue stable ,sales increasing .that is what we want to see.

zildjian

37 posts

Posted by zildjian > 15 hours ago | Report Abuse

29/11/2024 msc price will back to square after ex ?

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