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KLSE: MFCB       MEGA FIRST CORP BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.42 4.47     +1.05 (30.70%)
* 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
08/11/2018 3.18 4.20 +1.02 (32.08%) BUY MAYBANK Price Target News
29/08/2018 3.48 4.74 +1.26 (36.21%) BUY PUBLIC BANK Price Target News
14/08/2018 3.50 4.74 +1.24 (35.43%) BUY PUBLIC BANK Price Target News
30/05/2018 3.55 4.74 +1.19 (33.52%) BUY PUBLIC BANK Price Target News
30/05/2018 3.55 4.20 +0.65 (18.31%) BUY MAYBANK Price Target News


Price Target Research Article/News (past 6 months)
08/11/2018  MAYBANK Mega First Corp. Bhd - Chugging Along Nicely
29/08/2018  PUBLIC BANK Mega First Corporation - Steady Growth
14/08/2018  PUBLIC BANK Mega First Corporation - Steady Progress
30/05/2018  PUBLIC BANK Mega First Corporation - Resources Segment Shines
30/05/2018  MAYBANK Mega First Corp. Bhd - Steady Start to the Year



  10 people like this.
 
Jessie Ng who is collecting?
12/04/2018 11:51
Jessie Ng Doesn't look good
12/04/2018 11:51
Jessie Ng no meaning
12/04/2018 11:52
Jessie Ng no meaning
12/04/2018 11:53
ViWizard is time to gogo? haha
13/04/2018 15:50
jordanmaggie61 cuba nasib
13/04/2018 16:02
ViWizard dividend 2sen declared but no power ><
19/04/2018 10:13
freehooi81 why no PPL comment here?
28/05/2018 08:42
markgor chairman have mention in AGM, the don sahong project is ahead of schedule 3 ~ 4 months
30/05/2018 11:36
freehooi81 tq, Markgor. seem here so quiet
31/05/2018 08:52
KL Tneoh Buy & keep, the company got huge potential !

1) Don Shahong Project is ahead of schedule around 3 months, and the first turbine is expected to be fired up by May 2019 (the testing will take another 2-3 weeks), after that every 2 months there will be another extra turbine come to operation. In short by 2019 June there will be some power concession income start coming in. Best still because the power concession contract only start by 1/1/2020, during this period there will be no depreciation & amortization expenses.

2) Resources division is foreseeing a double digit growth for the next few years, steady income.

3) Coconut plantation (Healthcare division) won’t able to see any solid income by 2022, however progressive planting is taking place at the moment.

Short term you won’t see any big surprises, but gradually the value will be slowly unlock.
31/05/2018 12:35
Fabien Extraordinaire yep, you are probably right. this stock worth to hold until 2019 and beyond then gets to see the real earnings potential.

2018 most likely won't be exciting, since tawau power plant is a no-go earnings for the immediate term would have some impact, in addition to higher interest expenses on the Usd loan.
01/06/2018 21:50
KL Tneoh what a piece of good news

https://www.klsescreener.com/v2/announcements/view/28879385
04/06/2018 18:14
Fabien Extraordinaire any good news?

suddenly up 19 sen.
13/06/2018 17:28
freehooi81 y suddenly drop back?
21/06/2018 11:49
Karlos Hundreds missing in Laos after hydroelectric dam collapse
24/07/2018 16:29
Abu Adam That is not the dam that MFCB built
24/07/2018 18:24
Max Yong Don Sahong dam only is the dam which MFCB building. Lmao please don’t sinply create nonsense at here. Lol
25/07/2018 09:23
Max Yong Don Sahong Dam located at a safer place than Xayaburi dam ( incident happened right now ) please go google map and search it. Thanks
25/07/2018 09:24
shpg22 All dam works in Laos may be stop indefinitely for safety inspection and scrutiny following the deadly incident that rocked the country
25/07/2018 12:29
Fabien Extraordinaire anyone checking with the IR for clarity?
25/07/2018 13:44
tiffany Yes, it happened in different area
25/07/2018 14:28
Karlos I know it is not Don Sahong, just to be aware of what is happening now in Laos due to extreme wet weather conditions, Any way the unlucky dam project not far from Don Sahong and there will be definitely have some effects one way or another.
25/07/2018 15:56
Bullhunter definitely will affect mfcb... watch price in coming days when Laos government review all dam construction
25/07/2018 16:01
Karlos The authority may likely review the design and construction of dams that may involve some changes and may then have cost and time schedule implications.
25/07/2018 16:21
Karlos Environmentalists that were critical on dams in Mekong River may use this unfortunate happening to justified their previous concerns. Just my thinking.
25/07/2018 16:24
Fabien Extraordinaire We refer to the above unfortunate incident that happened on 23 July 2018.

Following the incident, the Company has received queries from various stakeholders on the risk of a similar situation happening to the Company’s Don Sahong Hydroelectric Power Project (“Don Sahong Project”) and its implications thereof.

The Board of the Company has made the necessary enquiries with the management of Don Sahong Power Company (“DSPC”) and the Project consultants. Having reviewed the circumstances surrounding the incident and the specific and unique characteristics of the Don Sahong Project, the Board is satisfied that present and future dam safety risks remain low and are being (and will continue to be) appropriately monitored and managed in accordance with the industry and international best practices.

At this juncture, the Board concurs with the management of DSPC and its consultants that the incident is unlikely to result in any delay in the completion of the Don Sahong Project or a material change in the overall cost of the Project.
26/07/2018 09:24
Fabien Extraordinaire http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=88482&name=EA_GA_ATTACHMENTS
26/07/2018 09:30
EngineeringProfit Interesting...
18/08/2018 09:03
KL Tneoh Finally some good news

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5888449
20/08/2018 20:09
Yael Jasper All stocks are green today.we may see minimal growth. Worth to invest
21/08/2018 12:05
Lim Tek Wai Keep going, up up up !
21/08/2018 12:26
金刚 般若 http://www.theedgemarkets.com/article/construction-profit-mega-firsts-laos-power-plant-offset-expiry-china-sabah-concessions
05/09/2018 10:27
Lim Tek Wai Good show ! Very strong... will move tomorrow and profit incoming
05/09/2018 10:45
tipumakan FMR LLC is dumping the share
05/09/2018 22:02
Yael Jasper Time to collect profit, hehehe thanksss
06/09/2018 10:33
shpg22 First lesson. Never trust any target price from IB. U play tikam also even accurate than their target price.

10154675247544965 Just sold my Hibicus today. All in MFCB
Hope public invest is right TP RM 4.48
10/09/2018 17:32
Yael Jasper Wow! the stock price is rising, profit increasing also kikiki
12/09/2018 11:01
tipumakan ESOS at RM2? wth
13/09/2018 22:23
shpg22 Downgrade MFCB to 2.20.
17/09/2018 23:51
James Ng https://klse.i3investor.com/blogs/general/175817.jsp
[转贴] [MEGA FIRST CORP BHD:Don Sahong电力项目总体建设进展顺利,有望在2018年底实现80%的实际完工,渠道挖掘工作已接近完成,四个涡轮发电机和辅助部件的制造按计划进行,将运送到现场进行组装] - James的股票投资James Share Investing
27/09/2018 14:31
linjie MEGA FIRST CORPORATION BERHAD
SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-21NCVC-63-09/2017 WRIT OF SUMMONS
AND STATEMENT OF CLAIM BETWEEN GOVERNMENT OF MALAYSIA (INLAND
REVENUE BOARD OF MALAYSIA) AND IDAMAN HARMONI SDN BHD
Unless otherwise stated, the definitions used throughout this announcement shall have the
same meaning as defined in the announcements announced by the Company on 5 October
2016, 16 February 2017, 21 September 2017, 28 September 2017, 16 May 2018 and 13 June
2018 in relation to the Notices of Assessment for Years of Assessment 2009 and 2010 and
Notice of Civil Proceedings (collectively, “the Notices”) received from the Inland Revenue
Board of Malaysia.
Reference is made to the Company’s earlier announcements dated 5 October 2016, 16
February 2017, 21 September 2017, 28 September 2017, 16 May 2018 and 13 June 2018 in
relation to the Notices received from the Inland Revenue Board of Malaysia (“IRBM”).
SUMMARY JUDGEMENT APPLICATION BY THE IRBM
Mega First Corporation Berhad (“MFCB”) wishes to announce that on 5 October, 2018, IHSB
entered into a consent judgment (“Consent Judgment”) with IRBM, which was sealed by the
Shah Alam High Court (“High Court”) on 12 October 2018 and received by IHSB on 15
October 2018, to settle the civil suit filed by the IRBM at the High Court for the recovery of
taxes for the Years of Assessment 2009 and 2010, upon the final determination of the same
by the Special Commissioners of Income Tax and any appeal to the Courts therefrom. This
means that the taxes for the Years of Assessment 2009 and 2010 will not be due and payable
until the appeal by IHSB on the validity of the assessments have been properly and finally
determined. There will no longer be a trial at the High Court.
As a consequence, on 8 October, 2018, IRBM withdrew its appeal to the Court of Appeal
against the decision of the High Court on 14 May 2018 to dismiss its application for summary
judgment.
MFCB will make further announcement if there is any material update on the aforesaid matter.
This announcement is dated 16 October 2018.
17/10/2018 10:30
linjie good news, no more income tax chasing !!!!
17/10/2018 10:31
金刚 般若 Ya, good news.
The summary are taxes for the Years of Assessment 2009 and 2010 will not be due and payable until the appeal by IHSB on the validity of the assessments have been properly and finally determined. There will no longer be a trial at the High Court.

The last uncertainly issue are clear and the more goods news are coming soon. Good luck for all MFCB share holder.
17/10/2018 12:10
linjie flying soon, 2019 will be super good year for mfcb, laos hydro power plant going to complete soon
17/10/2018 15:35
Skiincare Professiional Why the stock keep dropping?
25/10/2018 10:40
kakashit if u think it is good, then buy on low, Don Sahong dam n Limestone export will be the key earning drivers.
25/10/2018 14:25
Skiincare Professiional I lost money lo... More than 10%loss
25/10/2018 20:05
linjie skiincare professional once u sell then it will bounce back
08/11/2018 18:34
Stevecheahsw 2019 giant wake up!
11/11/2018 16:31


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