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    MSC   MYL5916OO001

MALAYSIA SMELTING CORPORATION

(MSC)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Copper dips on worries of Chinese price curbs

06/09/2021 | 10:59pm EDT

HANOI, June 10 (Reuters) - Copper eased on Thursday as worries of price controls resurfaced after Chinese authorities vouched to keep a tab on surging commodity costs.

Three-month copper on the London Metal Exchange fell 0.3% to $9,949 a tonne by 0235 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange dipped 0.2% to 71,480 yuan ($11,200.08) a tonne.

China's state planner on Wednesday renewed its pledge to step up monitoring of commodity prices and strengthen supervision of spot and futures markets, as domestic producer inflation hit its highest in more than 12 years.

China is the world's biggest consumer of metals.

FUNDAMENTALS

* LME aluminium fell 0.5% to $2,446 a tonne, while nickel advanced 0.2% to $18,160 a tonne. In Shanghai, aluminium rose 0.7% to 18,505 yuan a tonne, nickel increased 0.7% to 132,830 yuan a tonne, while lead rose 1.3% to 15,465 yuan a tonne.

* Malaysia Smelting Corporation Bhd, the world's third-biggest refined tin maker, said on Wednesday it had declared force majeure on its deliveries to customers because of coronavirus-related disruptions to production.

* The premium of LME cash aluminium and the three-month contract <CMAL0-3> rose to $11.80 a tonne, its biggest since December 2019, indicating tightening supply of nearby contracts.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian shares edged higher but held their recent trading range as investors focused on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus.

DATA/EVENTS (GMT)

1145 EU ECB Refinancing Rate June

1145 EU ECB Deposit Rate June

1230 US CPI MM, SA May

1230 US Initial Jobless Clm Weekly

1600 US Federal Reserve issues quarterly financial

accounts of the United States

($1 = 6.3821 yuan) (Reporting by Mai Nguyen; Editing by Ramakrishnan M.)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.13% 0.63171 Delayed Quote.0.70%
BRITISH POUND / EURO (GBP/EUR) -0.03% 1.16387 Delayed Quote.4.55%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.10% 0.677007 Delayed Quote.5.67%
INDIAN RUPEE / EURO (INR/EUR) -0.39% 0.01137 Delayed Quote.1.03%
MALAYSIA SMELTING CORPORATION -3.85% 2 End-of-day quote.39.86%
S&P GSCI ALUMINUM INDEX -0.33% 151.386 Delayed Quote.20.56%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.03% 6.458 Delayed Quote.-0.54%
US DOLLAR / EURO (USD/EUR) -0.09% 0.842474 Delayed Quote.2.53%
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Financials
Sales 2020 813 M 197 M 197 M
Net income 2020 15,2 M 3,67 M 3,67 M
Net Debt 2020 446 M 108 M 108 M
P/E ratio 2020 37,7x
Yield 2020 0,70%
Capitalization 800 M 192 M 193 M
EV / Sales 2019 0,66x
EV / Sales 2020 1,25x
Nbr of Employees 1 213
Free-Float 32,6%
Chart MALAYSIA SMELTING CORPORATION
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Income Statement Evolution
Managers and Directors
NameTitle
Mian Thong Yong Group CEO & Non-Independent Executive Director
Hoi Khong Lam Group Chief Financial Officer
Gek Khim Chew Non-Independent Non-Executive Chairman
Raveentiran Krishnan Group Chief Operating Officer-Smelting
Seong Lee Chen Deputy Chief Executive Officer-Administration
Sector and Competitors