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KLSE: MFCB       MEGA FIRST CORP BHD
Last Price Avg Target Price   Upside/Downside Price Call
7.06 8.11     +1.05 (14.87%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
20/11/2020 7.55 8.62 +1.07 (14.17%) BUY PUBLIC BANK Price Target News
05/11/2020 7.20 8.58 +1.38 (19.17%) BUY PUBLIC BANK Price Target News
04/09/2020 7.21 8.58 +1.37 (19.00%) BUY PUBLIC BANK Price Target News
21/08/2020 7.21 7.76 +0.55 (7.63%) BUY PUBLIC BANK Price Target News
13/07/2020 6.45 7.76 +1.31 (20.31%) BUY PUBLIC BANK Price Target News
09/06/2020 6.80 7.47 +0.67 (9.85%) BUY PUBLIC BANK Price Target News


Price Target Research Article/News (past 6 months)
20/11/2020  PUBLIC BANK MEGA FIRST CORPORATION - A Commendable Set of Results
05/11/2020  PUBLIC BANK PublicInvest Research Headlines - 5 Nov 2020
04/09/2020  PUBLIC BANK Mega First Corporation - Widening Business Scope
21/08/2020  PUBLIC BANK Mega First Corporation- Riding on Higher Capacity Factor
13/07/2020  PUBLIC BANK Mega First Corporation- Not Resting On Laurels
09/06/2020  PUBLIC BANK Mega First Corporation- Key Takeaways From Conference Call



  13 people like this.
 
GeniusTinker Actually profit after tax is 107 million. But discontinue operation lost 20million
19/11/2020 5:53 PM
kai8994 And next quarter is expected to be even better as no maintenance will be carried out :)
19/11/2020 5:54 PM
gemfinder Growth in all bisness segment
19/11/2020 6:26 PM
Evelyn Management continues to source for new business opportunities to expand its investments in C&I solar photovoltaic projects. At present, the Group has secured five (5) Solar C&I projects with a total installed capacity of 17MW. The first project of 1.5 MW has commenced commercial production in August 2020. The remaining secured projects are expected to be progressively implemented over the next 12-15 months.
19/11/2020 6:39 PM
kenken85 as expected. another boring QR. haha. dont shoot me guy. everything smooth sailing as planned. .. and i just keep as planned.
19/11/2020 6:42 PM
Beast3 Nice QR.

This counter uptrend. Very good
19/11/2020 6:53 PM
Beast3 Long term so profitable. Love
19/11/2020 7:17 PM
gemfinder Tis round..can touch rm8.50
19/11/2020 10:12 PM
pjseow MFCB Q3 profit of 89.5 millions is a record profit in the history of mfcb financial. This is achieved with contributions from the 3 businesses of power generation, resource and packaging. The cash flow from.operation has also improved with a nett cash of 250 millions generated in the cumulative 3 qtrs. Q3 itself generated 127 millions nett cash from operation. The packaging business is seeing exponential growth in both revenue and profits. The management expects a better profits in Q4 from Don.Sahong power .
20/11/2020 7:21 AM
linjie To cope with growing domestic and overseas demand, the division has embarked on
a major expansion program to increase the production capacity of paper bags by 200%
by end 2021 and production capacity of flexible packaging by 100% by end 2021. The
expansion, including the construction costs of two new factories, is expected to cost
about RM120 million over the next 2 years.
20/11/2020 8:48 AM
abdullah53 another typical cina man company here, making quarterly profit, expanding business here and there, but zero divident for share holder, low volume, price stagnant and trending down, better cut losses and move to other counter.
20/11/2020 9:50 AM
kai8994 No dividend? Read carefully buddy.

The interim of 6c matched 2019 full year dividend already. Expecting a better final dividend next quarter :)
20/11/2020 10:04 AM
pjseow mfcb paid 6 sen dividend in.August 2020 and will pay another 6 sen on 2nd Dec.
20/11/2020 10:11 AM
kai8994 Just like Serba DK, it's unfortunate that one of the substantial investors decided to pare down their stake. However this will not last forever.

In actual fact the share price hovers around RM7+ suggests that the selling is actually well absorbed by market / perhaps another large shareholder. The share price will start moving upward fast once the selling is done.

MFCB is a proven well run company. Just be patient and wait for the next catalysts (a) even better Q4 profit from Don Sahong, (b) higher dividend, (c) potential LSS project to materialise...
20/11/2020 10:19 AM
I3stock ya, the dividen been announced on 10 Nov
20/11/2020 10:19 AM
pjseow There is a kenanga call warrant expiring on.30 Nov with a conversion price of 5.20 and exercise ratio of 5 to 1. Anyone know what is original price offered by kenanga. I suspect somebody is trying to depress the price so that the issuer do not need to top up so much for the warrant settlement
20/11/2020 10:33 AM
pjseow Fske news like no dividend are.spread to get peoples to sell.to depress the price
20/11/2020 10:39 AM
gemfinder sold all 7.40. TQVM
20/11/2020 10:50 AM
kenken85 gemfinder can i know why u sell it? , Growth in all bisness segment- this is what u comment yest. jus to share ur thought if u dont mind.
20/11/2020 11:16 AM
terence775 I added more at 7.35, I knew for sure after QR will have some selldown so I waited a bit haha.
20/11/2020 11:21 AM
abdullah53 why is there 0.00 divident announced for Period 30 Sep 2020 in Summary of Key Financial info
30 Sep 2020 in KLSE ?
20/11/2020 12:15 PM
JayC88 terence775 u are so smart!
20/11/2020 12:44 PM
Cheong88 Abdullah 53
"B9. Dividends
(a) A final single-tier dividend of 6.0 sen per ordinary share for the financial year
ended 31 December 2019 amounting to RM28,420,725 was paid on 25 August
2020 and has been included as a liability in these financial statements.
(b) The Board has declared an interim single-tier dividend of 6.0 sen per ordinary
share in respect of the financial year ending 31 December 2020 to be paid on 2
December 2020 based on shareholders registered on 25 November 2020 . This
dividend has not been included as a liability in these financial statements; and
(c) The total dividend declared to-date for the current financial year is 6.0 sen (30
September 2019: nil) per ordinary share. "
20/11/2020 12:48 PM
gemfinder mayb I feel the result is expected, not a wow. Definitely I wil buy back if there is a chance
20/11/2020 2:13 PM
terence775 Jay, good to see you here too. PE10 for a company with strong and sustainable earnings visibility and growth? count me in man..
20/11/2020 3:25 PM
brendonyeap My TP for this stock is RM 9.50 based on PE 15x.

The coming Q4 results will be much better.
20/11/2020 10:41 PM
pjseow Public lnvest latest report give a new TP of 8.62 .
20/11/2020 10:56 PM
UndukNgadau I totally agree with BrendonYeap. PE 15x.
21/11/2020 12:58 PM
RainT TP RM12
21/11/2020 3:21 PM
LongTermInvestor8 Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?

-----------------------------------------------------------------

Price correction coming as shown in TA chart. RSI at 80% all time high. MACD all time high and about to cross like previous crossing. Volume down
21/11/2020 5:08 PM
BabyAce This stock is really an amazing Company.
21/11/2020 6:18 PM
Erudite Agree gud one. Best power co, MFCB!
21/11/2020 6:24 PM
flyingtomoon2020 Mfcb gogogo
21/11/2020 11:52 PM
flyingtomoon2020 Post removed. Why?
21/11/2020 11:52 PM
UndukNgadau Just bought more. Total confidence.
23/11/2020 10:05 AM
flyborn Will in 6.80 - 6.90
Hopefully will get
N
Wallap 250 lot
23/11/2020 7:59 PM
Sphinx88 No Eye See. Just hold it.
24/11/2020 10:59 AM
newbird77 Nobody goreng, sure won't move la, force u all to sell cheap if without holding power
26/11/2020 11:45 AM
brendonyeap Buy as much as possible
26/11/2020 9:55 PM
flyborn My number almost there. Pls support otherwise will fall to my range.
27/11/2020 6:01 PM
UndukNgadau Maybe a new leadership is required, as Dr Lim Thian Soo no longer capable to evolve. Also busy with D & O Green Technologies & Rock Chemical Ind. We need a younger & brighter visionary
29/11/2020 12:50 AM
flyborn Look like my q will bingo today
30/11/2020 6:48 AM
newbird77 The trading theory is very simple, when they are pressing down the price, if you could hold it, u r the winner eventually, otherwise you have just cut loss, so 2 choices, take it or leave it, in fact this company I stated notice they have started pumping in new blood, this round drop is due to effect of young blood
30/11/2020 4:37 PM
kenken85 everyone still ok? all the other share goes back to normal or higher. but MFCB goes lower. hope everyone is fine. =)
01/12/2020 9:35 AM
Radeon will top up if price down further.
01/12/2020 10:09 AM
pjseow mfcb started rallying today. I still suspect the last one week depressing of mfcb prices has to do with the call warrant which expired yesterday. The issuer will use the average of last five days pricings to settle the amount need to be paid to the warrant holders.
01/12/2020 12:45 PM
BLee More bullets to invest in MFCB, really fast into bank account:
just received message..

"We wish to inform you that the net dividend due to you will be paid to your designated Bank Account as follows:

Dividend MEGA FIRST CORPORATION BERHAD [196601000210 (6682-V) DIVIDEND NO 40

DIVIDEND TYPE : INTERIM
BENEFICIARY BANK : xxxxx
PAYMENT DATE : 02 December 2020"

TQ MFCB..Happy Trading.
02/12/2020 12:24 AM
flyborn Hai geng..
Let hold n don’t let mf fall to my q range

Otherwise
Give me face to bingo.
02/12/2020 11:50 PM
kai8994 I think FMR will finish dispose of its stakes soon. attractive entry price now as the disposal are well absorbed at RM7 level.
03/12/2020 3:10 PM
xiaojie88 23.5million to dispose from 10 Oct, every trading day dispose ~400k, 38 trading days total should dispose at least 15m, excluding high trading volume days, guess they are disposing all soon...
03/12/2020 3:19 PM

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