Highlights
KLSE: MFCB (3069)       MEGA FIRST CORPORATION BHD Main : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
3.75   +0.01 (0.27%)  3.75 - 3.75  16,400
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Overview

Market Cap: 1,508 Million
NOSH: 402 Million
Avg Volume (4 weeks):300,729
4 Weeks Range:3.68 - 4.00
4 Weeks Price Volatility (%):
21.88%
52 Weeks Range:1.75 - 4.02
52 Weeks Price Volatility (%):
88.11%
Average Price Target: 3.82
Price Target Upside/Downside: +0.07

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  22-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  29-Aug-2017
T4Q P/E | EY: 11.21  |  8.92%
T4Q DY | Payout %: 1.10%  |  12.35%
T4Q NAPS | P/NAPS: 3.0167  |  1.24
T4Q NP Margin | ROE: 17.56%  |  11.09%

Market Buzz

Date Type Subject
22-Jun-2017 Insider PROFESOR DATO' DR TAN HUI MENG (a company director) acquired 83,800 shares on 21-Jun-2017.
21-Jun-2017 Additional Listing ESOS - 40,000 shares at 2.000.
19-Jun-2017 Additional Listing Exercise of Warrants - 1,500 shares at 2.220.

Headlines

Latest Headlines
11/06/2017  美佳第一2500万添石灰窑.扩展亚太区
23/05/2017  Mega First Corporation - Great Start To The Year
29/04/2017  The huge potential of MFCB! (video) ~ 创二代
27/04/2017  MEGA FIRST CORPORATION - Major Progress In Don Sahong Project
06/04/2017  UPDATE: TAKE PROFIT - MFCB-WA (3069-WA)
28/02/2017  MFCB - Solid Earnings
17/02/2017  Mplus Market Pulse - 17 Feb 2017
12/01/2017  业绩料向好.美佳第一急涨12仙

Business Background

Mega First Corporation Berhad (MFCB) is an investment holding company. MFCB is principally engaged in the provision of management services. It operates in five divisions: Power, Property, Limestone, Engineering and Investment Holding. The Power segment builds, owns and operates power plants. Property segment is engaged in property development and investment. The Limestone segment is engaged in quarrying of limestone, manufacturing and trading of calcium carbonate powder, lime based products and calcium silicate bricks. The Engineering segment engineers, designs and manufactures automotive and transportation components. During the year ended December 31, 2010, MFCB increased its shareholding in Hexachase Corporation Sdn. Bhd. (Hexachase) from 50% to 52.38%; acquired 30% equity interest in Don Sahong Power Company Limited (DSPC) from IJM Corporation Berhad, and acquired a 20.59% equity interest in Jadi Imaging Holdings Berhad (JADI).
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  9 people like this.
 
mamipoko De Zhi, its country risk insurance would have this covered.
02/05/2017 14:09
Tung Kwang Yii The profit will be trifold by 2020, easily hit rm 8-10 per share???
02/05/2017 22:26
Apollo Ang if u think like that why u didn't buy 100,000 units lah then u make 500k
02/05/2017 22:47
Tung Kwang Yii 人生没有如果,只有結果
02/05/2017 23:42
optimus9199 Another stupid statement by a remisier Apollo Ang.
03/05/2017 05:09
TM1166 Pullback for people to collect
03/05/2017 10:30
Apollo Ang look who's stupid now optimus prime, anyway I am not a remisier. no need to be a remisier to make commission.remember what goes up must come down
04/05/2017 23:24
optimus9199 Post removed. Why?
05/05/2017 08:32
Apollo Ang not assumptions, I won't call people to chase stocks at high price not like u conman
06/05/2017 15:15
TM1166 congrats to those to collect on a pullback...
08/05/2017 11:46
ffforever Lai lai lai..... no need give face
08/05/2017 11:49
applecider pillback again
09/05/2017 12:40
nicholas1184 still holding mfcb wa since it was 0.65
13/05/2017 16:18
Apollo Ang u bought 300,000 units at 0.65? u make more than RM 1 mil liao lo,congrats
13/05/2017 16:26
nicholas1184 Not so big kids..hahaha...din buy so much..thanks..have good profit from it..I also did buy mfcb shares as well
14/05/2017 01:07
Fishbon3 Heading to TP 4.48 haha.. Brace yourself!
15/05/2017 18:12
Dylan Yong Hua Tai Fabien Extraordinaire..... heheh....yup i sold at 3.70.... feel like currently having some chance to buy back ...... still waiting ..... that time unload at 3.70 turn into Hevea at 1.33, hopefully wait higher price to unload from Hevea and divert fund back into MFCB at maybe 3.50 level...... finger cross.
18/05/2017 19:34
Fabien Extraordinaire Dylan...Hevea is a good stock...dont sell too fast. And with MFCB, it has much room to go up more...its still very undervalued at current price
18/05/2017 20:15
optimus9199 Focus M has a big article about MFCB . It has a TP RM 4.48. Don sahong hydroelectric project will contribute positively from this year until 2019. The power projects in China and Tawau will likely be renewed.
22/05/2017 07:36
optimus9199 Today MFCB will, announce their quarterly results after the AGM
22/05/2017 07:37
theintinvestor anyone attend AGM?
22/05/2017 10:42
ffforever Any good news?
22/05/2017 12:18
optimus9199 Buy as much as possible before results out 5pm
22/05/2017 14:13
theintinvestor @optimus9199 ..u at AGM? any news to share.
22/05/2017 14:14
ffforever Wow thanks
22/05/2017 14:55
optimus9199 Rm4.00 handsome
22/05/2017 17:13
zoomsbooms and handsome qr!!
22/05/2017 17:33
Fabien Extraordinaire Fantastic results
22/05/2017 17:55
abangadik Congrats all investors!!steady and lowkey!!
22/05/2017 17:57
optimus9199 Buy as much as possible
22/05/2017 23:10
theintinvestor @Fabien, what is you TP for MFCB ?
23/05/2017 08:41
optimus9199 RM 4.50 IV
23/05/2017 08:54
mentos512 4.50 is TP up to next QR?
23/05/2017 10:35
OptimusCallShitBaba My son optimus9199, are you still holding any of these:

Gkent, Ekovest, Kerjaya, Econpile, superlon, magni, lii hen, padini, HSS, KESM, AEONCR, poweroot, AWC, Perstim, Yee Lee, Thong Guan, Poh Huat, MSC?

Stock: [AEONCR]: AEON CREDIT SERVICE (M) BHD
Apr 1, 2017 09:10 PM | Report Abuse
I Had been holding for 10 years since price RM 3.00
25/05/2017 17:34
Fabien Extraordinaire @theintinvestor Implied share price for MFCB is ranging fr 4.20 - 5.91
27/05/2017 14:35
Fabien Extraordinaire to be more conservative, i'll take the lower range 4.20 to Public's TP of 4.48
27/05/2017 14:39
Fabien Extraordinaire but bear in mind, my lower range of 4.20 did not take into account the potential re-rating of MFCB earnings multiple in view of the quality of its earnings (i.e. steady stream of income) coming from the Don Sahong project once it commences its operations in 2019
27/05/2017 14:42
theintinvestor thanks Fabien for the input. cheers
28/05/2017 16:06
Fabien Extraordinaire sorry, i have made some mistakes in my earlier computation. assuming MFCB earnings for 2017 and beyond grows in line with GDP (which is the most conservative estimates as we know MFCB will record more profits due to the recognition of the construction profit), MFCB should valued at a minimum of 4.76. if we to recognise the potential earnings growth arising from the Don Sahong project then i think we should be talking about 5 and beyond. that's my opinion anyway.
29/05/2017 10:52
theintinvestor anyone collected more? price dropped a lot past few days
31/05/2017 09:56
moneytrail Time to take off :)
01/06/2017 23:37
applecider Collected at 3.74 yesterday
02/06/2017 09:36
optimus9199 reversal and up alot today
02/06/2017 16:54
jlai88 Is 3.92 too high to go in now?
06/06/2017 16:46
michaelwong The TP set is 4.50 and takes some risks to get in either win or loose .
06/06/2017 22:11
michaelwong End game no more power and getting weaker
08/06/2017 11:02
weezy buy buy buy
09/06/2017 12:31
Mervyn http://www.sinchew.com.my/node/1651818/%E7%BE%8E%E4%BD%B3%E7%AC%AC%E4%B8%802500%E4%B8%87%E6%B7%BB%E7%9F%B3%E7%81%B0%E7%AA%91%EF%BC%8E%E6%89%A9%E5%B1%95%E4%BA%9A%E5%A4%AA%E5%8C%BA
11/06/2017 20:21
xiaoxiami according to latest sinchew news as link posted above
once the hydropower plant in DOn Saho completed , will produce 2000 gigawatt per year
which is equal to 2000000000 kilowatt , which will ensure rm500 million revenue yearly , as stated by director

i had google the local laos tariff , which is around 350 kip per kilowatt per hour
which 2000000000kw x 350 kip = rm 300-400million ( i use to lowest average electrical tariff in laos , u all can just google this info )

from the 2016 annual report , the PBT for power section is around 22% ( minus off the construction profit from don saho project )
lets assume the revenue from don saho will be rm500million , x 22% = around rm100million PBT

so after all , is this Don Saho project still alluring as stated by public invest house ?
with current power section from china and tawau plant , MFCB already achieve close to rm100million PBT in his power section (to be exact , around Rm80million for finanical year 2016 )

so after all , MFCB is merely replacing their china and tawau sector with this don saho hydro power plant

the most profitable sector is still their resources sector

we can see in latest announcement company also intend to diversify into ???? coconut planting business ( er = =!!! )

so will this don saho project contribute double or trifold in company profit ? ..... after all i dont think so


above is just my humble opinion and calculation
correct me if i am wrong :)
12/06/2017 03:43
mamipoko Xiao Xiao, you are correct that the don saho hydro project does not actually contribute to a double or trifold profit. I don't think this was meant to be in the first place. The project is merely a contributing factor to a more stable earnings over the next few years and possibly provide them the capability to take on bigger jobs going forward. If you look at the profit projections of public bank, it does not project for an exponential growth in profit for FY18 onwards. Construction is only at 25% for now and with watever remaining on its existing contracts, hopefully we see a similar or even better profit this next 6 months.
22/06/2017 15:22


 

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