till Nov, no more tin from Myanmar. inventory had reach the peak. demand will suddenly spike. tech product ez to broke , wear and tear, upgrade , what ever reason, nothing can hold the trends, except WW3
If you think solar/EV/AI is good to invest. they all need tin.
As of August 23, 2023, the LME Tin storage level was 1,835 tonnes, which was a decrease of 15 tonnes from the previous day. The storage level has been declining since July 2023, when it reached a peak of 2,235 tonnes. The storage level is also lower than the average of 2,021 tonnes for the past year. This indicates that the tin market is experiencing a tight supply situation, which could drive up the prices and volatility of tin
the SMM Tin storage level was 5,500 tonnes as of August 23, 2023, which was a decrease of 100 tonnes from the previous day. The SMM Tin storage level has been fluctuating sideways since July 2023, when it reached a peak of 6,200 tonnes. The SMM Tin storage level is also lower than the average of 5,800 tonnes for the past year. This indicates that the tin market in China is experiencing a tight supply situation, which could drive up the prices and volatility of tin
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.
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..
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....