{
  "id": 1859288,
  "title": "MSC shares down 2.06pct in early trade",
  "url": "https://urgent.news/2026/08/19/msc-shares-down-2-06pct-in-early-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T03:18:06.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1514278/msc-shares-down-206pct-early-trade"
  },
  "original_language": "en",
  "account": "The stock price of Malaysia Smelting Corporation Bhd (MSC) declined by 2.06 percent during the initial trading session on Wednesday, following the news of a temporary halt to its mining activities. By 10:34 am, the shares experienced a four sen decrease and reached RM1.90, with a trading volume of 1.41 million shares. The Perak Department of Minerals and Geosciences (JMG Perak) directed MSC's 80 percent-owned subsidiary, Rahman Hydraulic Tin Sdn Bhd (RHT), to temporarily suspend mining operations. According to MSC's Bursa Malaysia filing, this directive, which took effect on August 12, 2026, stemmed from a site inspection carried out by JMG Perak at RHT's tin mine in Klian Intan. The inspection followed a rainfall event of about 60 millimeters within an hour on August 3, 2026. Public Investment Bank Bhd noted that, if the operations were to be halted for three weeks and quarterly production were to drop by 25 percent, the mining segment could face a pre-tax profit loss of between RM15 million and RM20 million. This reduction in earnings would result in a 11-15 percent decrease in their financial year 2026 (FY2026) earnings forecast. However, the bank maintains its earnings forecast for now, pending further discussions with management. Despite this temporary setback in operations, both the tin market and MSC's prospects remain positive. The bank keeps its \"Outperform\" rating with an unchanged target price of RM3.10.",
  "summary": "KUALA LUMPUR: Malaysia Smelting Corporation Bhd’s (MSC) share price fell 2.06 per cent in early trading on Wednesday, following the announcement of a temporary suspension of its mining operations yesterday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}