Don’t forget msc has huge butterworth land worth billions to be develop with straits holding 10-15 ringgit for this stock in next 2 years not asking for too much
I only can identify Dr. Neo Soon Kean's family co in the top 30 s/h. The rest gua tak kenal. Either I am a Kampong boy or the stock is yet to be discovered!
Traders left scratching their heads after 'short squeeze' in tin prices
Some market participants are asking whether Monday's 'short squeeze' in the price of tin may in part be the result of the suspension of the London Metal Exchange's open-outcry trading floor.
On Monday, tin prices surged by $1,000 per tonne in only one hour due to reduced supply and strong from the semiconductor industry.
The so-called 'spot' price of tin traded at its widest premium - of $4,748 per tonne - versus three-month futures in 30 years on Monday, analysts at SP Angel explained.
Monday's price action was despite the delivery of a 550 tonne cargo of tin at the Port Klang warehouse on 12 February which according to Fastmarkets MB nearly increased the size of stockpiles held there to 1,340 tonnes.
Singapore 83.5 cent Malaysia 2.88 ringgit @ 96 cent Can we buy singapore and sell Malaysia ? Instant profits Singapore is lagging Malaysia by 13 cent sgd That’s a lot of money
MSC is just partially owned by Straits Trading. Moreover Straits businesses are diversified with property & hotels, which these 2 sectors may drag down Straits overall performances. MSC is 100% pure Tin counter,so MSC would be much better choice in Tin rally.
It’s a matter of time 5 ringgit after result. Everyone know the tin price will make MSc record profits every quarter plus the huge valuation of butterworth land. I hope to live to see 15 ringgit
the tin mining industry has not been completely halted and currently there was only one company - Rahman Hydraulic Sdn Bhd in Perak - is still mining the ore on a large scale.
Tin metal prices soar to their highest since 2011 on supply crunch ‘Prices increased this year on the back of declining stockpiles and strong industrial demand particularly for semi-conductors and electronics’ – CBA Myanmar military intervention is adding to supply tightness for China and market nervousness
International prices for tin have soared 14 per cent over the past week and consumers are scrambling for physical stocks as supply of the base metal dwindles at London Metal Exchange warehouses.
Tin was trading at $US28,900 per tonne ($37,350/tonne) Tuesday on a cash price basis, up from around $US25,300 per tonne on Friday.
This week’s spot price means tin has climbed 116 per cent since hitting a multi-year low in March 2020 at $US13,375 per tonne.
In order to secure delivery of the metal from LME warehouses European consumers are having to pay hefty premiums of up to $US500 per tonne and even higher prices in the US.
“The metal [tin] usually attracts less attention than its base metal peers because of its low liquidity, however, investor interest is growing particular on China’s Shanghai Futures Exchange (SFE),” said Commonwealth Bank of Australia analysts in a report.
The Shanghai Futures Exchange’s tin contract for March settlement was trading at ¥163,460 per tonne ($32,690/tonne) Wednesday, according to exchange data.
There were open interest trading positions for 5,690 tonnes for the SFE’s March futures contract, rising to 30,994 tonnes for the April contract, said the exchange.
Available tin metal for delivery under SFE futures contracts was around 7,500 tonnes last week, which covers only one-fifth of spot demand for March and April on the exchange.
This is assuming that all of the holders of March and April tin futures contracts decide to take delivery of physical metal instead of settling their trading positions in cash.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cg14134
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Posted by cg14134 > 2021-02-16 16:58 | Report Abuse
Brokers are still zzzz mostly. Hope they will wake up soon...