2,4 je? Mungkin is breaking triangle direct surge to 2.8 lei? After consolidated 2.8 , August to sep we enjoy 4.2 loh, Myanmar ban exports for 2 ~4months lah at least
With the operation in the Pulau Indah (“PI”) plant, using newer and more efficient technology on target to achieve higher capacity and full commission in the near future, and with the planned closure of the old plant at Butterworth, the Group expects higher operational efficiency, lower operational and manpower costs, while reducing its overall carbon footprint. For the tin mining segment, the Group continues to focus on improving and increasing daily mining output and overall mining productivity. Recent acquisition of an adjacent mining landbank allows the Group to expand its mining activities and potential tin resource within its current mine vicinity.
Firstly, MSC could raise its mining output by 67% to 15MT/day in FY23 from 9MT/day currently by exploiting the eastern boundary of its existing tin mine in Perak, which would be made possible with the acquisition of neighbouring land
also don’t forget; Butterworth, Penang, which will be decommissioned and redeveloped over the next decade into Straits City, a S$1 billion mixed-use hotel, retail, commercial and residential project.
We project FY22-FY23 net profit estimates of RM152.3m-RM127.3m (vs. RM118.1m actual net profit in FY21) based on 2022/2023 consensus tin price forecasts of USD31,784/USD24,650 per MT. Valuations and recommendation. We value MSC at RM3.13 based on DCF (WACC: 8.1%; TG: 2%) which implies FY22E PER of 8.6x. There is no adjustment to fair value based on ESG (3-star ESG rating as appraised by us).
Tin supplies could dry up if Indonesia executes a rumoured ban on shipping tin ingots Myanmar’s Wa State has already moved to curb the export of what amounts to around 10% of tin concentrate supply globally Fitch sees prices 25% higher this year and almost doubling to US$45,000/t by 2032
Tin is about to be a very hot commodity, with one forecaster upping its prediction for the spice(y) metal up a whopping 25% for 2023.
It comes as Indonesia and a semi-autonomous state in Myanmar called Wa, not to be confused with the soon to be former Premier Mark McGowan’s all conquering rock-shipping empire of WA, make cartel style moves that will take a big chunk of supply from the market’s leading exporters out of the market.
Fitch Solutions reckons the tin price could avoid the slump facing other battery metals in 2023 on the back of (unconfirmed) news Indonesia could ban partially refined tin ingots from export from June, and a mining ban in the Wa State that could see 10% of tin concentrate supplies and much of China’s feedstock stay in the ground.
That has prompted its analysts to lift prices from US$20,000/t to US$25,000/t for 2023, a 25% lift.
But unusually for commodities forecasting, its long term price assumptions for tin — based off a looming supply cliff and rising demand from electronics (around half of primary tin supply goes into lead-free solder), EVs and solar panels — are extraordinarily bullish.
is all about ASP , 2020 Glove 2021 steel , 2022 Refined oil and Tin , 2023 , Tin again If you have missed Topglove, supermax, Hengyuan , petronm , masteel , still want missed msc?
Buy Q 600 , sell Q 3600 , really hard to make a buy , maybe wait for a cheaper entry?
Tin futures hit $28,000 per tonne, the highest in five months on expectations of a supply shortage in the global tin market. Despite China's slow demand recovery, the upcoming prohibition of tin mining in Myanmar's Wa region and Indonesia's export ban on tin ingots are set to significantly tighten the market. Starting from August 1, 2023, all mining activities, including exploration and processing, will be suspended in the Wa state to preserve remaining resources. Additionally, Indonesia aims to encourage domestic processing by banning the export of tin ingots. Looking ahead, prices are expected to continue rising in the long term, supported by strong demand from the energy transition and green technologies such as solar panels and electric vehicles, along with the persistent tightness in the market.
@hng33, Tin futures hit $28,000 per tonne, the highest in five months on expectations of a supply shortage in the global tin market. Despite China's slow demand recovery, the upcoming prohibition of tin mining in Myanmar's Wa region and Indonesia's export ban on tin ingots are set to significantly tighten the market. Starting from August 1, 2023, all mining activities, including exploration and processing, will be suspended in the Wa state to preserve remaining resources. Additionally, Indonesia aims to encourage domestic processing by banning the export of tin ingots. Looking ahead, prices are expected to continue rising in the long term, supported by strong demand from the energy transition and green technologies such as solar panels and electric vehicles, along with the persistent tightness in the market.
But the tin futures chart is dropping the past two days. Will it affect MSC chart?
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....
Tibbers
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Posted by Tibbers > 2023-07-07 09:45 | Report Abuse
nice BO