floating shares left not much, hold tightly, it is going to fly to the moon!!! Alike Supermx case, after coming QR announced, it will goes all the way to RM20+!!!
BECAUSE many fund managers and IBs need a confirmed QR (excellent) to justify them to buy in later, just like Glove cases, after announced the 1st QR when demand surged then only funds & IBs rushed in......I sure know lah as I earned about 500% in glove!!! Now switched all the funds into MSC, 100%!!! Damn confident!!!
so optimistic all ? tin price can sure frm 15k usd to 25k usd in short time, and it also can fall back to 15k usd in the same period also.....
msc major in SMELTING biz , not in mining...... if smelt the tin , they also buy frm mining company then smelt, they used to hav mining company at indonesia couple of years ago but the permit was ended and indonesia govie didt grant the renewal.
LME tin supply down to one day’s demand, price soars
Stocks of tin metal in LME warehouses, a key indicator of demand, were roughly 1,140 tonnes on Wednesday after 220 tonnes of tin were earmarked for delivery to buyers that day.
Global tin consumption is around 1,000 tonnes per day and current available stocks represent about one day’s consumption for the world market.
“Supply is simply struggling to keep up with demand,” said analysts at Commonwealth Bank of Australia in a report.
“Prices increased this year on the back of declining stockpiles and strong industrial demand particularly for semi-conductors and electronics,” they added.
As Stockhead has documented, there is a worldwide shortage of semiconductor components that has curtailed the production of electronic goods, EVs, smartphones and computers.
Tin is used as a replacement for lead in solder for connecting electronic circuits, an application that accounts for 50 per cent of the metal’s demand.
Projects for a total of 50,000 tonnes of tin-in-concentrate production are set to come online by 2025, said industry body the International Tin Association (ITA).
However, many of these projects are currently at early stages of development and others had been shelved because of low tin prices in 2020.
“As a result, we expect the refined tin market to enter a significant deficit after 2023,” said the ITA in a report.
The last 2 days Low volume weakness already suggest most of the long term holders have picked up Wait for the contras to come out by today and next week with the results, we probably will be going towards 3.50-4 ringgit Tin price surge definitely help us all the way.
2019 AR indicated RHT's tin reserves of 50011t. I hope to see more disclosure of SLT's tin reserves and operation numbers in 2000A AR. Theoretically MSC can easily raise own tin-in-concentrates output to exploit the buoyant tin price.
If they can produce at 120% of what TheEdge's article previously indicated,
Avg daily production = 1.2 * (10500 + 200)kg or 12.84t Assume 315 days of mining a year, can expect 2021 annual tin-in-concentrates production of 4044.6t, which translates into 3033.45t of refined tin assuming 75% yield.
Assuming US$:RM exhange rate of 4.0 and avg refined tin px of US$27000/t (slightly less than 29,000 currently in terms of spot px) , mining pretax profit alone would be 3033.45 * (27000 - 15000) * 4 or RM145.6m.
ur high expectation? u expect this qr to be very good? average tin price just climbed up wat.. tin price for this qr report was average RM76k, about usd19k.. now already almost usd 27k.. coming qr will even better.. plus surge in demand.. pulau indah plant will be fully functioned by end of this year, or early 2022..
now Jan-Feb average tin price RM105k = 48% ASP increase compare to last quarter :D
And the Tin price still increasing... I expect it will break all time high as demand increase, since EV. semiconductor, 5G, green energy sector are boomming.
typically like "supermax" or "topglove" counter ~~
“Looking ahead, we are positive on the outlook of the MSC Group driven by our rationalization efforts and the interest in the tin industry. For 2021, we are already seeing tin consumption recover with LME 3-month tin price soaring to seven-year highs of USD23,443/tonne in February 2021 as supply strives to meet demand. Various factors, such as increasing sales of electronic devices due to work-from-home arrangements as well as growth of electric vehicles, have boosted demand for tin. This bodes well for MSC with high tin prices benefiting our tin mining and smelting divisions. The commissioning of the Pulau Indah smelter is timely as we are well positioned to capitalize on the rising tin demand.”
Now that the 4Q20 result is out, it is time to look forward. To drive future share price gain, the following are needed:
1. Continuing global supply deficit vs demand so that tin price remains elevated, which seems likely for the next 12 months; 2. Better than expected output vol from RHT and SLT. 3. Better than expected terms for the Butterworth land JV with Straits Trading (Should be huge).
Inventories are stated at the lower of cost and net realisable value.
Cost of trading inventory of refined tin metal is determined on a first-in first-out basis.
Cost of inventories of tin-in-concentrates and tin-in-process which have matching sales contract for refined tin metal from tin smelting operations, are stated at the value of such contract less cost for conversion. This value is consistent with cost, as it is the practice of the tin smelting operations of the Company to buy tin-in-concentrates and sell refined tin metal on a back to back price basis.
Cost of tin inventories which has no matching sales contract is calculated using the weighted average cost method less allowance for conversion.
Absorption costing is used in the mining operations to assign costs to tin inventories using the weighted average cost method which includes both variable and fixed overhead cost components.
Cost of other inventories comprising stores, spares, fuels, coal and saleable by-products is determined using the weighted average cost method.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.
D&O after pose profit in chinapress, price continue up. Same to MSC today pose profit in newspaper, more invester will know this counter. Price will up......
Haha Got people wish to buy cheaper so will talk down the stock but got people wish the price to go up will talk up the stock. Tin is the hottest metal now. The trend is your friend. With a huge hoard of tin inventory, msc should stagger their sales at such highe tin price. 2021 revenue and profits will be a few fold more than 2020 because don’t forget that msc has 2 quarters of mco without revenue. 2021 has 4 quarters of mining and smelting. Do the math. 5-10 ringgit this year is achievable Something like top glove scenario
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....
Brookenzo
275 posts
Posted by Brookenzo > 2021-02-18 14:24 | Report Abuse
Breakout 3 ringgit anytime
Today Low volume flush down.
Exciting to wait for 5 ringgit after results