MAINBOARD-LISTED Malaysia Smelting Corp (MSC) sunk into the red with a net loss of RM31.3 million (S$9.4 million) for its third quarter ended Sep 30, 2022, reversing the RM28.9 million net profit a year ago. This was despite a growth in revenue.

BILLION DOLLAR CLUB: ENERGY – FOSSIL FUELS + CHEMICALS + HOLDING COMPANIES + MINERAL RESOURCES + UTILITIES The past year or so has seen a turn in fortunes for the global energy and commodities sector. While the market was bracing for a drop in demand because of the pandemic,...

For the six months to end-June, its 1HFY2022, Straits Trading Corp reported a 3.9 times increase in Ebitda to $729.1 million. Profit after tax and non-controlling interest (PATNCI) increased 5.5 times to $673 largely due to the net gain on disposal of the group’s stake in ARA Asset Management to E...

Aspring to become the next Blackstone, the 135-year-old conglomerate amps up hospitality and real estate investmentsHotels the world over have faced a distressing two years and counting. If the recent privatisation offer for Frasers Hospitality Trust is anything to go by, some hospitality names are ...

MALAYSIA Smelting Corporation (MSC), one of the world’s largest tin producers, has proposed an acquisition of Asas Baiduri Sdn Bhd (ABSB) via its wholly-owned subsidiary RHT.

RHB Group Research analyst Vijay Natarajan is highly positive on The Straits Trading Company’s prospects, as he deems it is on its way to “scaling new heights”. The Straits Trading Company is a group that has interests in real estate and resources with a portfolio of stable recurring income-pr...

LONDON : The world's third largest tin producer, Malaysia Smelting Corp (MSC), has told customers it has delayed a plan to lift a force majeure during which its operations were suspended, until Dec. 20, according to a letter seen by Reuters.Previously MSC had told its customers the force ma...

LONDON : Malaysia Smelting Corp (MSC), the world's third-largest tin producer, has told customers it is looking into the possibility of lifting a force majeure, during which its operations were suspended, on Nov. 30, according to a letter seen by Reuters.MSC declared force majeure in June b...

MAINBOARD-LISTED Malaysia Smelting Corp (MSC) posted a 130.8 per cent surge in net profit to RM28.9 million (S$9.4 million) for its third quarter ended Sep 30, up from RM12.5 million a year ago.

Regular winner at the Billion Dollar Club ST Engineering just can’t get a break. The engineering conglomerate has come out tops for the weighted ROE category, with a weighted ROE of 23.75 times over the three years measurement taken into consideration. The company is also the overall sector winner...

Straits Trading, which has interests in property and tin mining, has reported earnings of $122.6 million for 1HFY2021, a big jump from $5.5 million in the year earlier. Revenue in the same period was $219 million, up 62.2%, with higher contributions from most business segments except hospitality. �...

THE Straits Trading Company on Thursday announced that its subsidiary, Malaysia Smelting Corporation (MSC), has temporarily suspended its tin mining and smelting operations in Malaysia from June 4 to 14 pursuant the country's Movement Control Order 3.0.

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....

The Straits Trading Company has reported earnings of $51.5 million for FY2020, down 39% over the preceding FY2019. Revenue in the same period was down 15.1% to $308.9 million, with a drop in its tin mining business somewhat offset by its property business. Straits Trading’s associate, real estate ...

DBS Group Research analysts Chung Wei Le and Derek Tan have initiated “buy” on The Straits Trading Company (STC) with a target price of $3.50. The target price represents a 50% upside on the company’s last closed price of $2.33 on Feb 3. To Chung and Tan, there is “compelling value” in the...