MALAYSIA SMELTING CORPORATION
KLSE (MYR): MSC (5916)
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Last Price
2.41
Today's Change
0.00 (0.00%)
Day's Change
2.40 - 2.43
Trading Volume
324,100
Financial
Market Cap
1,012 Million
NOSH
420 Million
Latest Quarter
30-Sep-2024 [#3]
Announcement Date
15-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
15-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
-14.51% | 20.88%
Revenue | NP to SH
1,647,955.000 | 58,615.000
RPS | P/RPS
392.37 Cent | 0.61
EPS | P/E | EY
13.96 Cent | 17.27 | 5.79%
DPS | DY | Payout %
31.00 Cent | 12.86% | 222.13%
NAPS | P/NAPS
1.79 | 1.35
QoQ | YoY
4.4% | -42.29%
NP Margin | ROE
4.42% | 7.80%
F.Y. | Ann. Date
30-Sep-2024 | 15-Nov-2024
Latest Audited Result
31-Dec-2023
Announcement Date
30-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
30-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
1,435,725.000 | 85,051.000
RPS | P/RPS
341.84 Cent | 0.71
EPS | P/E | EY
20.30 Cent | 11.90 | 8.40%
DPS | DY | Payout %
14.00 Cent | 5.81% | 69.13%
NAPS | P/NAPS
1.80 | 1.34
YoY
-13.53%
NP Margin | ROE
6.77% | 11.25%
F.Y. | Ann. Date
31-Dec-2023 | 15-Feb-2024
Revenue | NP to SH
1,657,764.000 | 65,662.666
RPS | P/RPS
394.71 Cent | 0.61
EPS | P/E | EY
15.60 Cent | 15.42 | 6.49%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-6.07% | -34.93%
NP Margin | ROE
4.87% | 8.73%
F.Y. | Ann. Date
30-Sep-2024 | 15-Nov-2024
Show?
| Last 10 FY Result | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,657,764 | 1,647,955 | 1,435,725 | 1,503,591 | 1,076,560 | 813,359 | 983,567 | 1,280,906 | 1,436,177 | 1,477,941 | 1,464,855 | 1,915,179 | -3.14% | |
| PBT | 109,385 | 96,415 | 128,633 | 143,616 | 158,362 | 25,783 | 47,392 | 49,779 | 27,694 | 52,961 | 3,238 | 44,992 | 12.37% | |
| Tax | -28,730 | -23,557 | -31,417 | -42,121 | -39,876 | -10,068 | -13,916 | -15,485 | -11,767 | -15,511 | -8,038 | -54,962 | -6.02% | |
| NP | 80,654 | 72,858 | 97,216 | 101,495 | 118,486 | 15,715 | 33,476 | 34,294 | 15,927 | 37,450 | -4,800 | -9,970 | - | |
| - | ||||||||||||||
| NP to SH | 65,662 | 58,615 | 85,051 | 98,358 | 118,058 | 16,101 | 33,477 | 34,297 | 15,928 | 37,452 | -4,795 | -9,865 | - | |
| - | ||||||||||||||
| Tax Rate | 26.27% | 24.43% | 24.42% | 29.33% | 25.18% | 39.05% | 29.36% | 31.11% | 42.49% | 29.29% | 248.24% | 122.16% | - | |
| Total Cost | 1,577,109 | 1,575,097 | 1,338,509 | 1,402,096 | 958,074 | 797,644 | 950,091 | 1,246,612 | 1,420,250 | 1,440,491 | 1,469,655 | 1,925,149 | -3.95% | |
| - | ||||||||||||||
| Net Worth | 751,799 | 751,799 | 755,999 | 718,200 | 579,599 | 396,000 | 372,000 | 348,000 | 291,000 | 281,639 | 241,000 | 233,999 | 13.90% | |
| Equity | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Worth | 751,799 | 751,799 | 755,999 | 718,200 | 579,599 | 396,000 | 372,000 | 348,000 | 291,000 | 281,639 | 241,000 | 233,999 | 13.90% | |
| NOSH | 420,000 | 420,000 | 420,000 | 420,000 | 420,000 | 400,000 | 400,000 | 400,000 | 100,000 | 100,000 | 100,000 | 100,000 | 17.27% | |
| Ratio Analysis | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NP Margin | 4.87% | 4.42% | 6.77% | 6.75% | 11.01% | 1.93% | 3.40% | 2.68% | 1.11% | 2.53% | -0.33% | -0.52% | - | |
| ROE | 8.73% | 7.80% | 11.25% | 13.70% | 20.37% | 4.07% | 9.00% | 9.86% | 5.47% | 13.30% | -1.99% | -4.22% | - | |
| Per Share | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPS | 394.71 | 392.37 | 341.84 | 358.00 | 256.32 | 203.34 | 245.89 | 320.23 | 1,436.18 | 1,479.84 | 1,464.86 | 1,915.18 | -17.41% | |
| EPS | 15.60 | 13.96 | 20.30 | 23.40 | 28.30 | 4.00 | 8.40 | 8.60 | 15.90 | 37.50 | -4.80 | -9.90 | - | |
| DPS | 32.00 | 31.00 | 14.00 | 7.00 | 7.00 | 1.00 | 2.00 | 2.00 | 4.00 | 8.00 | 0.00 | 0.00 | - | |
| NAPS | 1.79 | 1.79 | 1.80 | 1.71 | 1.38 | 0.99 | 0.93 | 0.87 | 2.91 | 2.82 | 2.41 | 2.34 | -2.87% | |
| Adjusted Per Share Value based on latest NOSH - 420,000 | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPS | 394.71 | 392.37 | 341.84 | 358.00 | 256.32 | 193.66 | 234.18 | 304.98 | 341.95 | 351.89 | 348.78 | 456.00 | -3.14% | |
| EPS | 15.60 | 13.96 | 20.30 | 23.40 | 28.30 | 3.83 | 7.97 | 8.17 | 3.79 | 8.92 | -1.14 | -2.35 | - | |
| DPS | 32.00 | 31.00 | 14.00 | 7.00 | 7.00 | 0.95 | 1.90 | 1.90 | 0.95 | 1.90 | 0.00 | 0.00 | - | |
| NAPS | 1.79 | 1.79 | 1.80 | 1.71 | 1.38 | 0.9429 | 0.8857 | 0.8286 | 0.6929 | 0.6706 | 0.5738 | 0.5571 | 13.90% | |
| Price Multiplier on Financial Quarter End Date | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 30/09/24 | 30/09/24 | 29/12/23 | 30/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 29/12/17 | 30/12/16 | 31/12/15 | 31/12/14 | - | |
| Price | 2.58 | 2.58 | 2.03 | 1.53 | 3.25 | 1.43 | 0.845 | 0.70 | 3.34 | 3.93 | 2.48 | 2.55 | - | |
| P/RPS | 0.65 | 0.66 | 0.59 | 0.43 | 1.27 | 0.70 | 0.34 | 0.22 | 0.23 | 0.27 | 0.17 | 0.13 | 18.28% | |
| P/EPS | 16.50 | 18.49 | 10.02 | 6.53 | 11.56 | 35.53 | 10.10 | 8.16 | 20.97 | 11.43 | -51.72 | -25.85 | - | |
| EY | 6.06 | 5.41 | 9.98 | 15.31 | 8.65 | 2.81 | 9.90 | 12.25 | 4.77 | 8.75 | -1.93 | -3.87 | - | |
| DY | 12.40 | 12.02 | 6.90 | 4.58 | 2.15 | 0.70 | 2.37 | 2.86 | 1.20 | 2.04 | 0.00 | 0.00 | - | |
| P/NAPS | 1.44 | 1.44 | 1.13 | 0.89 | 2.36 | 1.44 | 0.91 | 0.80 | 1.15 | 1.41 | 1.03 | 1.09 | 0.40% | |
| Price Multiplier on Announcement Date | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 15/11/24 | 15/11/24 | 15/02/24 | 17/02/23 | 18/02/22 | 19/02/21 | 20/02/20 | 22/02/19 | 05/03/18 | 27/02/17 | 19/02/16 | 24/02/15 | - | |
| Price | 2.26 | 2.26 | 2.07 | 2.10 | 4.08 | 2.80 | 0.85 | 0.85 | 3.10 | 4.09 | 2.31 | 2.83 | - | |
| P/RPS | 0.57 | 0.58 | 0.61 | 0.59 | 1.59 | 1.38 | 0.35 | 0.27 | 0.22 | 0.28 | 0.16 | 0.15 | 16.85% | |
| P/EPS | 14.46 | 16.19 | 10.22 | 8.97 | 14.51 | 69.56 | 10.16 | 9.91 | 19.46 | 11.90 | -48.18 | -28.69 | - | |
| EY | 6.92 | 6.18 | 9.78 | 11.15 | 6.89 | 1.44 | 9.85 | 10.09 | 5.14 | 8.41 | -2.08 | -3.49 | - | |
| DY | 14.16 | 13.72 | 6.76 | 3.33 | 1.72 | 0.36 | 2.35 | 2.35 | 1.29 | 1.96 | 0.00 | 0.00 | - | |
| P/NAPS | 1.26 | 1.26 | 1.15 | 1.23 | 2.96 | 2.83 | 0.91 | 0.98 | 1.07 | 1.47 | 0.96 | 1.21 | -0.56% | |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
8 people like this. Showing 50 of 4,977 comments
Today gone Ex for 7 sen dividend but stock has dropped much more than that🙄. Now doing 2.45 down 20 sen !! Low was 2.35 down 30 sen !!🙁
1 month ago
GreenminerMSC
The stock has been dropping after the ex dividend date.
Do you still believe it’s a good stock?
1 month ago
Somebody has been selling it down everyday . The dividend was 7 sen but it has fallen 40 sen from ex date on 9th Oct, with 30 sen of the drop coming on the 9th itself. Not sure what the reasons are but the share price could be tracking Tin which has recently dropped from 34k to 31k . The 3Q 24 results are round the corner , probably around the 9th of Nov. 3Q 24 should be better than 3Q 23 ($9 mil) and 2Q 24 ($17 mil ).
1 month ago
I regret to have bought this stock after having read your recommendation notes
1 month ago
Last year , MSC reported on Friday 17th Nov 23. This year probably on Friday 15th Nov 24
3 weeks ago
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 :)
1 week ago
Good declaration to avoid extra 2 % tax over rm100 k income next year. Hopefully other listed companies will follow. Thanks Directors.
1 week ago
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
1 week ago
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.
1 week ago
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 :)
1 week ago
Good agree.
But the key is what they going to do with butterworth plant??
Its a gold mine that land..
Worth how much???
1 week ago
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??
1 week ago
560k sq feet in butterworth worth how much u think?
Freehold land.
Valued in 2018@78mil
Now ?
1 week ago
Once closed in 2025 revalue in 2026 how much u think
For development how much can return?😁
1 week ago
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.
1 week ago
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1 week ago
MSC investors, congratulations. Revenue stable ,sales increasing .that is what we want to see.
6 days ago
This stock hardly moved. Unless certain positive news flow. With the special 17 sen dividend announcement still stick at this price range. Need somebody to play up
5 days ago
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