MSC's Melting Profits
MSC's Melting Profits
The company is transitioning its tin smelting operations from Butterworth to Pulau Indah by 2025, aiming for cost reductions and improved efficiency, though this shift has not mitigated recent performance declines.Malaysia Smelting Corporation Bhd's (MSC) 2QFY24 results fell short of expectations, according to Malacca Securities.
根據馬六甲證券的數據，馬來西亞冶煉集團有限公司（MSC）的 2QFY24 業績低於預期。
The company reported a core Profit After Tax and Minority Interests (PATMI) of RM16.7 million for the quarter, reflecting a 9% decline quarter-on-quarter and a 41% drop year-on-year, resulting in a 1H24 core PATMI of RM35.0 million, which only met 37% of forecasted estimates. This underperformance was attributed to reduced tin smelting output due to scheduled maintenance of the TSL furnace.
該公司報告稱，該季度的核心稅後利潤和少數權益（PATMI）爲1670萬令吉，同比下降9％，同比下降41％，使24年上半年的核心PATMI達到3500萬令吉，僅達到預期的37％。這種表現不佳的原因是定期維護TSL熔爐導致錫熔鍊產量減少。
Malacca Securities has decided to cease coverage on MSC due to a reallocation of resources. The firm's final recommendation was a HOLD with a target price of RM3.41, based on a Price to Earnings (P/E) ratio of 15.0x for its FY24 forecasted Earnings Per Share (EPS) of 22.7 sen.
由於資源的重新分配，馬六甲證券已決定停止對MSC的保險。該公司的最終建議是持有，目標價爲3.41令吉，其24財年預測每股收益（EPS）爲22.7仙的市盈率（P/E）爲15.0倍。
The company is transitioning its tin smelting operations from Butterworth to Pulau Indah by 2025, aiming for cost reductions and improved efficiency, though this shift has not mitigated recent performance declines.
該公司正在到2025年將其錫冶煉業務從巴特沃思過渡到普勞英達，目標是降低成本和提高效率，儘管這一轉變並未緩解近期業績的下降。
譯文內容由第三人軟體翻譯。