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Last Price Today's Change   Day's Range   Trading Volume
7.40   +0.17 (2.35%)  7.23 - 7.40  882,400
2,588 comment(s). Last comment by amet2017 at Oct 19, 2020 7:15 PM
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pputeh
636 posts

Posted by pputeh > Oct 2, 2020 1:33 PM | Report Abuse

https://klse.i3investor.com/blogs/101/2020-10-02-story-h1514417412.jsp


Fujisnow
14 posts

Posted by Fujisnow > Oct 3, 2020 9:59 AM | Report Abuse

The reason why FMR LLC is disposing off the shares:
https://foreignpolicy.com/2020/04/22/science-shows-chinese-dams-devastating-mekong-river/


Henry8833
869 posts

Posted by Henry8833 > Oct 5, 2020 12:47 PM | Report Abuse

Mkt needs to absorb FMR shares as they are exiting. Also, look like for now its share maybe almost fully valued as it is malaysian mkt, which may only give PE 10, unless it has other catalyst like packaging company far exceeding expectation, or give higher than current dividend yield.


Hahaqwe
78 posts

Posted by Hahaqwe > Oct 5, 2020 1:12 PM | Report Abuse

hahahah coming quarter expected to be the best quarter ever. My forecast PAT 90mil as energy factor around 95% and the contribution from limestone and packaging sector! TP1=Rm9.5 TP2=RM12 TP3=RM13.5


gemfinder
2357 posts

Posted by gemfinder > Oct 7, 2020 10:11 PM | Report Abuse

https://klse.i3investor.com/blogs/kianweiaritcles/2020-10-07-story-h1534525477-Vietnam_to_buy_more_electricity_from_neighbours_including_Laos.jsp


gemfinder
2357 posts

Posted by gemfinder > Oct 7, 2020 10:11 PM | Report Abuse

Good,news


nicloh
2 posts

Posted by nicloh > Oct 10, 2020 5:07 PM | Report Abuse

I forecast MFCB will become a net cash company within 4-5 years, strong cash flow contribution every year from DG power plant


jojo85
97 posts

Posted by jojo85 > Oct 12, 2020 6:51 PM | Report Abuse

Will pass rm 10 like scientx..patient will be paid..


sg999
1622 posts

Posted by sg999 > Oct 12, 2020 8:42 PM | Report Abuse

Sleeping。。。。。。。。


gemfinder
2357 posts

Posted by gemfinder > Oct 13, 2020 7:47 PM | Report Abuse

Once fmr holdings less than 5% there wil b no more selling anouncement


Lioncity
227 posts

Posted by Lioncity > Oct 14, 2020 11:07 AM | Report Abuse

This morning good catching at 7.04, been waiting for few days, thank you FMR


Henry8833
869 posts

Posted by Henry8833 > Oct 14, 2020 11:10 AM | Report Abuse

They will still sell, just no need to disclose. Surprise they cannot find buyer to buy in block. Sell like this every day is costly. Mean no fund interested to buy? They must pay higher dividend to attract mutual funds.


UndukNgadau
232 posts

Posted by UndukNgadau > Oct 14, 2020 12:03 PM | Report Abuse

Me too. Bought at 7.04. Still queuing more at 7.03


UPlanet
304 posts

Posted by UPlanet > Oct 14, 2020 2:48 PM | Report Abuse

Absolutely right Henry, should propose 50% dividend policy!


gemfinder
2357 posts

Posted by gemfinder > Oct 14, 2020 6:05 PM | Report Abuse

Fmr shareholding oredi below 5%. No more everyday anouncement sell everday


sg999
1622 posts

Posted by sg999 > Oct 14, 2020 8:09 PM | Report Abuse

Still got 5% ready to be disposed by FMR????????


Joe Ng
97 posts

Posted by Joe Ng > Oct 16, 2020 11:17 AM | Report Abuse

Fmr sell so many shares but price didnt crash ... u think who buying? Mesti shark lah


gemfinder
2357 posts

Posted by gemfinder > Oct 16, 2020 4:05 PM | Report Abuse

after fmr sell below %, at last the sky is cleared


theintinvestor
203 posts

Posted by theintinvestor > Oct 16, 2020 4:26 PM | Report Abuse

so fast up back...zzz


pputeh
636 posts

Posted by pputeh > Oct 16, 2020 4:58 PM | Report Abuse

Waiting for QR before powering on......


pinnaclegrade
144 posts

Posted by pinnaclegrade > Oct 16, 2020 5:20 PM | Report Abuse

Breakout today ! Long white candlestick + decent volume, target price RM7.50 & beyond !!


UPlanet
304 posts

Posted by UPlanet > Oct 16, 2020 6:34 PM | Report Abuse

Zzzz What? Still there! Aiyo, long neck to wait for fly over Rm9.00?


Lychien20
249 posts

Posted by Lychien20 > Oct 16, 2020 7:23 PM | Report Abuse

if new QR EPS is 30 then follow glove TP=100.hahha


gemfinder
2357 posts

Posted by gemfinder > Oct 16, 2020 7:32 PM | Report Abuse

No more disposing news. Very good


Choivo Capital
3547 posts

Posted by Choivo Capital > Oct 17, 2020 10:28 PM | Report Abuse

I really like MFCB, but fitch just downgraded Laos from B- to CCC

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-laos-to-ccc-23-09-2020

"In addition, the state-owned electricity company, Electricite du Lao (EDL), appears to be coming under increasing financial pressure due a rapid increase in debt-financed investment and near-term cash flow issues resulting from a drought over the past year which weighed on electricity production. Outstanding debt of EDL is about USD5 billion (26% of GDP), as advised by the authorities, much of which consists of on-lending from the government. EDL poses contingent liability risk for the government if EDL is unable to meet its external debt service obligations."

EDL is the guy working with MFCB and paying MFCB for the electricity. If Laos can no longer buy from MFCB (and this is assuming no doubtful debts), can MFCB sell to other countries like vietnam etc fast enough? is the transmission lines for those built up d?


gemfinder
2357 posts

Posted by gemfinder > Oct 17, 2020 11:10 PM | Report Abuse

Tis downgrade took place back in sept. If realy bad news, mfcb px oredi crashed but it wasnt. Dun try to pour cold water


BLee
131 posts

Posted by BLee > Oct 18, 2020 1:05 AM | Report Abuse

@Choivo capital, I also likes MFCB very much. Please refer an old article to debunk your fear...
https://www.theedgemarkets.com/article/mega-firsts-laos-turbine-likely-be-installed-march
Below is an extract of a paragraph from the above article dated around Jan. 2019.
"EDL will pay Don Sahong according to the energy availability and the payments are guaranteed by the Laos’ finance ministry."
In my opinion, any financial problem of EDL shall NOT affect MFCB as payments are guaranteed.

Happy Trading.


Choivo Capital
3547 posts

Posted by Choivo Capital > Oct 18, 2020 5:08 PM | Report Abuse

l I agree it is guaranteed.

But here's the problem. The transmission lines now are connected only to EDL (unless im mistaken) and not to other providers as well. Which means that for now, only EDL can buy, no one else can buy from MFCB, for now.

Secondly, payments are in USD not Laotian Kip, if EDL no money, means no money, where to find USD?

Third, EDL already owes outside USD5bil.

I would keep track on the receivables if i were you.

Unless ofc, the transmission lines can sell to Cambodia directly, and the amounts paid by Cambodia goes direct to MFCB pocket.


pinnaclegrade
144 posts

Posted by pinnaclegrade > Oct 18, 2020 6:04 PM | Report Abuse

I think there is nothing to worry about, if you read the Fitch commentary fully..
it also states:

" A recently announced joint venture between EDL and China Southern Power Grid Co., Ltd (A+/Stable) should boost investment in the electrical transmission network, which has increasingly become a bottleneck for increasing electricity exports."


Choivo Capital
3547 posts

Posted by Choivo Capital > Oct 18, 2020 9:05 PM | Report Abuse

Hmm probably, the new 500kv line direct to cambodia via EDL means they can supply cambodia, i just wonder who collect on their behalf.

At only 75% efficiency so far, i think still got long way to go.

But man, we must really account for the possible risk something happen to EDL, which has increased somewhat.


pjseow
722 posts

Posted by pjseow > Oct 18, 2020 9:43 PM | Report Abuse

Out of 260 mw, 195 mw is sold to Cambodia ,balance is sold to Laos . There was a seperate line connected to combodia。EDL is like TNB.of malaysia. So far I have not heard TNB do not pay their IPP s even when.TNB were in the red . IF EDL do not pay, mfcb can just shut off the transmission. EDL cant give the stupid.excuse of no money when they collect money from their consumers and make a profit out of it .


BLee
131 posts

Posted by BLee > Oct 19, 2020 9:24 AM | Report Abuse

@Choivo Capital, I think you missed the wording will 'pay on energy availability', which means no matter can or cannot sell, needs to pay and guaranteed by the Laos' Finance Ministry. MFCB gapped up on open trading, assume non-issue..Happy Trading.


roger1138
109 posts

Posted by roger1138 > Oct 19, 2020 9:29 AM | Report Abuse

QR must be very good.


Henry8833
869 posts

Posted by Henry8833 > Oct 19, 2020 2:17 PM | Report Abuse

I think Choivo got a point. We need to monitor the receivables, which is more than RM 200m in quarter ended 30 June 2020. It is higher than the quarterly sales, means more than 3 months turnover days. I don't know the whether it is normal or not. Any one has idea on payment term?


Henry8833
869 posts

Posted by Henry8833 > Oct 19, 2020 2:44 PM | Report Abuse

Country risk. Could this be the reason fmr selling every day?


BLee
131 posts

Posted by BLee > Oct 19, 2020 3:19 PM | Report Abuse

@Henry8833, Extract from MFCB Q2(June) 2020 report for your information.
"Receivables of 215,938,000 - Increase mainly due to increase in trade receivable from EDL on higher energy sales. The average receivable turnover of EDL is 3-4 months."
Sometime increase in Receivable is good as it show expansion of business.
Happy Trading


Henry8833
869 posts

Posted by Henry8833 > Oct 19, 2020 3:37 PM | Report Abuse

Thank you BLee for info. Let monitor this in the coming quarter to see whether it continued to increase and maintain at 3-4 months turnover day.


amet2017
2555 posts

Posted by amet2017 > Oct 19, 2020 7:15 PM | Report Abuse

After price up suddenly become active this forum.

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