MALAYSIA SMELTING CORPORATION
KLSE (MYR): MSC (5916)
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Last Price
2.52
Today's Change
+0.13 (5.44%)
Day's Change
2.38 - 2.54
Trading Volume
1,083,300
Overview
Market Cap
1,058 Million
NOSH
420 Million
Avg Volume (4 weeks)
278,221
4 Weeks Range
2.29 - 2.54
4 Weeks Price Volatility (%)
92.00%
52 Weeks Range
1.95 - 3.47
52 Weeks Price Volatility (%)
37.50%
Previous Close
2.39
Open
2.39
Bid
2.52 x 1,100
Ask
2.53 x 26,700
Day's Range
2.38 - 2.54
Trading Volume
1,083,300
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 02-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 17-Nov-2024
T4Q P/E | EY
18.85 | 5.30%
T4Q DY | Payout %
2.81% | 52.89%
T4Q NAPS | P/NAPS
1.82 | 1.38
T4Q NP Margin | ROE
4.39% | 7.35%
Market Buzz
2024-09-27
2024-09-25
News and Blogs
Related videos
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: METALS
Subsector: METALS
Description:
Malaysia Smelting Corp Bhd is a Malaysia-based investment holding company focuses on both smelting of tin concentrates and tin bearing materials. The company operates through three segments: Tin Smelting, Tin Mining, and Others. It is principally engaged in the manufacture and sale of solder products for jointing and semiconductor applications in the electrical and electronics industries. The Others segment includes investments in other metal and mineral resources. Most of the revenue comes from tin mining and smelting of tin concentrates, tin-bearing materials and from the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products.
Discussions
8 people like this. Showing 50 of 4,929 comments
ASP used for coming Qr should be around USD 32k, compare to previous Qr USD 26k.
additional USD 6k, Qr result on Aug, should be quite solid
2 months ago
Affin Hwang came out with a note saying earnings will come in between 20-25 mil for 2Q24. They maintain their Sell recommendation with an unchanged target price of $2.30. They think the mining side will do well but the smelter side will not as their tolling operations will be impacted by the export ban/constraints of tin from Myanmar and Indonesia.
1 month ago
MSC today closes lobang formed at $2.20 (08/03/2024) and $2.22 (11/03/2024) just when it started to blast off ahead of 1st Q 2024 earnings !!
1 month ago
this might be a good chance to pick up. When everyone is bearish , is it time to be bullish.
1 month ago
Con Call held this morning was generally positive with a stronger 2nd half ahead. Smelting ops back to normal after the rebricking exercise mid May to mid July , which shut down the furnace. Supply shortage of 3rd party ore for smelting also saw some easing. Smelting profits should rebound strongly in 2Half 2024. Tin prices sholud remain strong as demand outstrips supply globally.
1 month ago
What about the few thousand tons of intermediates stock? Can’t smelting process them?
1 month ago
Smelting of intermediates going on. There was a deduction of 12 mil in 2Q results under Eliminations/Adjustments which will be added back in 3Q.
1 month ago
seems like tin price is slowly climbing back to 35k, MSC should have better q ahead since done rebricking earlier
1 month ago
Profit for 3Q2023 was only 12 mil. This is a low hanging fruit for MSC to gobble up !! 4Q2023 profit was even lower at 9 mil , so the next 6 months should see some sustained buying interest as these numbers will be easily overcome with better results hopefully at several multiples times the 3Q and 4Q 2023 numbers.
1 month ago
It was from mid May to I think mid July. They acquired 2 rotary furnaces to take over the smelting of intermediates when the main furnace was undergoing rebricking. The problem is that one of the 2 also broke down , hence the lower amount of smelted products. They have now acquired a 3rd Rotary furnace as a back up to the backup. Hopefully, in future the Rotary furnaces can seamlessly continue the smelting work when the main furnace is under maintenance. I think they are also trying to reduce the time taken to rebrick by sourcing for new materials. This should address the once a year rebricking issue.
1 month ago
Thanks greenminer. Look like the state of the art furnace not efficient. Down time 3 months, quite difficult to make good profit for smelting division.
1 month ago
CEO Datuk Yong's recent purchases clearly signal strong prospects ahead for MSC , starting with a resurging 3Q2024.
1 month 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.
3 days ago
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troy88
Tin is a damn volatile commodity. If not good at trading this commodity then better stay out
2 months ago