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Top News In மலேசியா கரைத்தல் கார்ப் ப்ட் Today - Breaking & Trending Today

KLK, IJM Plantations, Malaysia Smelting, Top Glove, Eversendai, MSM, Greatech, Tiong Nam, Central Global, Yinson, KAB, MQ Technology, Handal Energy and Fitters Diversified

Based on corporate announcements and news flow today, companies in focus tomorrow may include: Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, Malaysia Smelting Corp Bhd, Top Glove Corp Bhd, Eversendai Corp Bhd, MSM Malaysia Holdings Bhd, Greatech Technology Bhd, Tiong Nam Logistics Holdings Bhd, Central Global Bhd, Yinson Holdings Bhd, Kejuruteraan Asastera Bhd, MQ Technology Bhd, Handal Energy Bhd and Fitters Diversified Bhd. ....

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Total lockdown: Malaysia Smelting Corp declares force majeure after suspending tin mining, smelting operations

Malaysia Smelting Corp Bhd (MSC) has declared force majeure after suspending its tin mining and smelting operations from Friday (June 4) until Monday (June 14) in line with the Malaysian Government’s implementation of the total lockdown across the country to curb the spread of the Covid-19 pandemic. ....

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Higher tin prices lift Malaysia Smelting Corp to post higher net profit of RM22.12m

KUALA LUMPUR (May 7): Malaysia Smelting Corp Bhd returned to black with a net profit of RM22.12 million in the first quarter ended March 31, 2021 (1QFY21) against a net loss of RM13.19 million a year before, on the back of higher average tin prices.
Quarterly revenue increased by one-third to RM275.91 million from RM205.31 million a year ago, thanks to higher refined tin sales and more favourable average tin prices, the company’s filing with Bursa Malaysia showed.
The group’s tin mining arm posted a net profit of RM19.6 million in 1QFY21, representing a three-fold jump from RM4.5 million in 1QFY20. The improved performance was primarily driven by higher tin prices and increased tin production during the quarter. Average tin prices for 1QFY21 climbed 49% higher to US$24,737/tonne (RM101,718), compared with US$16,656/tonne (RM68,489) in 1QFY20. Its tin smelting division, meanwhile, reported a net profit of RM10.4 million against a net loss of RM19.3 million in 1QFY20 ....

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KLCI reverses loss to tick higher, but gains seen limited

KUALA LUMPUR (Feb 22): The main index of Bursa Malaysia reversed its loss and ticked higher in the mid-morning today, tracking regional markets, but gains were seen limited.
At 10am, the FBM KLCI had added 0.18 points to 1,585.11. The index earlier slipped to a low of 1,585.54.
Gainers led losers by 541 to 441, while 367 counters traded unchanged. Trading volume was 3.95 billion shares valued at RM1.39 billion.
The gainers included Heineken Malaysia Bhd, Carlsberg Brewery Malaysia Bhd, Dutch Lady Milk Industries Bhd, Pimpinan Ehsan Bhd, Nestle (Malaysia) Bhd, Kobay Technology Bhd, KESM Industries Bhd and Petronas Gas Bhd (PetGas).
The actively traded stocks included Key Alliance Group Bhd, Nexgram Holdings Bhd, Mestron Holdings Bhd, Dolphin International Bhd, AT Systematization Bhd, EA Holdings Bhd and Sapura Energy Bhd. ....

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Malaysia Smelting Corp back in the black in 4Q on higher tin prices

Malaysia Smelting Corp back in the black in 4Q on higher tin prices
The Edge
19/2/2021
Arjuna Chandran Shankar
© Provided by The Edge
KUALA LUMPUR (Feb 19): Malaysia Smelting Corp Bhd returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20), posting a net profit of RM15.86 million from a net loss of RM15.95 million.
In a bourse filing, the group attributed the improved earnings to higher tin prices and the reversal of written down inventories worth RM21.1 million during the group’s most recent financial quarter.
The company has declared a dividend of one sen per share. For the full financial year ended Dec 31, 2020 (FY20), the tin company’s total dividend declared is one sen per share, from two sen in the previous financial year. ....

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