its simple actually. supply is tight and it going to tight for the rest of the year, demand is not yet pick up quickly enough to destock the tin surplus storage in LME and SMM. next quarter, MSC result will be way better.
The total closing stock of LME Tin decreased by **1,700 tonnes** from the previous day. The weighted average price of LME Tin was **25,870 US$/tonne**, down by **0.98%** from the previous day¹.
Our strong financial position and the resilience we have shown in various market conditions enable us to reward our stakeholders while also investing in our long-term growth and innovation strategies. Charting ahead, we continue to execute our strategic plans to enhance efficiencies across the Group to capture arising opportunities. We remain positive on the future of the tin industry. The increase in renewable energy (“RE”) and electric vehicles (“EV”) adoption, as well as digitisation presents an exciting time for tin. We anticipate a growing demand for tin, with the metal emerging as an integral component in the technology-era
The decision to declare an interim dividend underscores our confidence in the Group’s performance and future prospects. MSC has declared a first single-tier interim dividend of 7 sen per share in respect of the financial year ended 31 December 2023 (“FY2023”). This equates to a total dividend payment of RM29.4 million, translating to a dividend payout ratio of 46% of MSC’s net profit attributable to owners of the company (“net profit”) in the first six months of financial year ended 31 Decmber 2023 (“1HFY23”) of RM63.9 million
Just ignore hng33..he promote then say sold.lol.. He thinks he can outsmart msc. Msc simple buy n hold n relax. I adviced him.this when msc was rm1.8 if he just held it today it will be 2.27 plus 7 plus 7.on the way. 2.41 minus 1.8 61 sen gain more them this 2 sen or 3 sen gain .. So remember ok msc is a buy n hold ... Not a sell few sens up n down..
Results should be out on 17th Nov 2023. 3Q should be better than 2Q ; mining side should do well, with smelting side about 2Q levels as the smelter was still shut down in July. Mgt confidence in the outlook for tin going forward was reflected in their surprise interim dividend of 7 sen !! YOY comparison will be stark as last year 3Q was a loss of about 35mil !!
Yesterday at the close somebody put 100k to sell at 2.13 when the last trade done before matching period was 2.16. Dont know who is doing this, but this last second sell down has been going on for months !!
22,961.50 tin price. Management team very comfortable with they earning. Does not see any future prospects from them. the same prospects mentioned since 2021.
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....
bullrun2025
212 posts
Posted by bullrun2025 > 2023-08-26 20:15 | Report Abuse
Apalumau, all ppl run de...... How