Highlights
KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
3.68   +0.03 (0.82%)  3.65 - 3.69  426,500
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 3,637 Million
NOSH: 988 Million
Avg Volume (4 weeks):730,995
4 Weeks Range:3.48 - 3.72
4 Weeks Price Volatility (%):
83.33%
52 Weeks Range:3.37 - 8.10
52 Weeks Price Volatility (%):
6.55%
Average Price Target: 7.24
Price Target Upside/Downside: +3.56
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2021 [#2]  |  19-Aug-2021
Next QR | Est. Ann. Date: 30-Sep-2021  |  19-Nov-2021
T4Q P/E | EY: 10.60  |  9.44%
T4Q DY | Payout %: 1.69%  |  17.94%
T4Q NAPS | P/NAPS: 2.2046  |  1.67
T4Q NP Margin | ROE: 49.10%  |  15.75%

Headlines

Date Subject
25-Sep-2021 MFCB Into Oleochemicals: Good or Bad? - Bursa Dummy
03-Sep-2021 Mega First Corporation - Busy Year
20-Aug-2021 Mplus Market Pulse - 20 Aug 2021
20-Aug-2021 Mega First Corporation - Another Solid Quarter
09-Jun-2021 MEGA FIRST CORPORATION - Keeping Up the Momentum
28-May-2021 热门股:美佳第一上挑RM8.24
28-May-2021 热门胳:美佳第一上挑RM8.24
27-May-2021 Mega First Corporation - Expanding Into Upstream Plastic Films
08-Mar-2021 Mega First Corporation - Not Resting on Laurels
01-Mar-2021 PublicInvest Research Headlines - 1 Mar 2021
01-Mar-2021 Mega First Corporation - On the Dot
08-Feb-2021 (Tradeview 2021) - Mega First Corporation Bhd Long Term Value Stock (Update)
25-Jan-2021 Trading Stocks - Mega First Corporation
18-Jan-2021 Mega First Corporation - Anticipating Higher Availability Factor
01-Jan-2021 The 11 stocks experts say you should own in 2021
20-Nov-2020 MEGA FIRST CORPORATION - A Commendable Set of Results
20-Nov-2020 Mplus Market Pulse - 20 Nov 2020
18-Nov-2020 Trading Stocks - Mega First Corporation
05-Nov-2020 PublicInvest Research Headlines - 5 Nov 2020
05-Nov-2020 Mplus Market Pulse - Finding stability

Business Background

Mega First Corp Bhd is an investment holding company. The group is organised into three main business segments as follows - Power, Resources, and Property. The Power segment builds, owns and operates power plants. The Resources segment is engaged in quarrying of limestone manufacturing and trading of lime products, calcium carbonate powder, and bricks. The Property segment is engaged in the property development and property investment. Its primary geographic markets are Malaysia, China, Laos, India, Australia, New Zealand and other countries. The majority of its revenue is derived from Laos.
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  14 people like this.
 
wallstreetrookie Sure glove is an anomaly. But the "cut loss at -20%" is such a toxic and prevalent culture. My friend told me that Facebook gurus keep pushing the narrative as if it is some form of gospel. It is merely a part of risk management and if there is no fundamental change within a company, do not feel compelled to sell.
29/07/2021 8:15 PM
wallstreetrookie More money have been wasted speculating for potential correction than an actual correction.
29/07/2021 8:16 PM
RJ87 Only functional method is asymmetric risk rewards.

Between Yinson and Armada. Armada offers better risk reward. With new CEO and CFO at helm, Armada is as good if not better than yinson. Yinson is claiming 5.2B market cap with only 112M profit a quarter. Armada only 2.5B at the back of 150M profit. I won't buy yinson. Both company shares the same sentiment. I think Yinson should drop and armada should go up. Both meet at RM3.5B market cap on the same earning.

Your entry price will decide what's ur risk reward.
If ur entry for Armada is 15sen. What's ur risk? what's ur reward?
Market cap at 15sen is RM900m, cashflow of RM150mil a quarter,RM600mil per annum. How low can it go? So, if ur entry is 15sen, drops to 12sen. SAPU. No need see. U willing to buy at 15sen, u should buy more at 12sen as long no fundamental change. Upside is easily 400% at 60sen. Even at 60sen, it's not crazy over valued. It's just RM3.5B market cap. with RM600mil profit, it's not very over priced.

If ur entry for TG is RM9. What's ur risk? what's ur reward?
at RM9 market cap is RM80B. To make 100% return on TG, TG market cap is gonna be RM160B.
Only mad people believe TG can go 160B market cap with unsustainable super normally profit of 10B profit per annum. I think it will drop all the way down to 2B profit per annum at best. We don't know how bad the ASP will tank nor how strong is chinese competition. On this ground, if u dumb enough to enter at RM9, you should be cutting loss at any price. But if you are dumb enough to buy at RM9, I don't think you would be smart enough to cut loss.
30/07/2021 12:02 PM
RJ87 if your entry is RM3.5. No need 20% cut loss la...how low u want TG to drop? =D
If the entry was RM9. You really should cut loss by RM8. So, see what's ur entry relative to its prospective value.

wallstreetrookie Sure glove is an anomaly. But the "cut loss at -20%" is such a toxic and prevalent culture. My friend told me that Facebook gurus keep pushing the narrative as if it is some form of gospel. It is merely a part of risk management and if there is no fundamental change within a company, do not feel compelled to sell.
29/07/2021 8:15 PM
30/07/2021 12:08 PM
wallstreetrookie Not bad. You do have a point
30/07/2021 12:10 PM
Bgt 9963 Post removed. Why?
31/07/2021 9:14 AM
DannyArcher Maybank got 1 warrant expire 30th Sep valued at RM3.335. If this QR is good and the price rally, MBB will have no choice but to buy more to cover their warrant. Unless they have lots of share now to dispose when the time comes. Price should fly after 30th Sep as no more warrant below this price.

29/10 | 4.14 | MAC-CT
20/02 | 3.67 | AMB-CU
28/03 | 3.94 | AMB-CW
25/04 | 3.60 | KEN-CV
02/08/2021 5:14 PM
wallstreetrookie To be honest, hydropower crypto mining is 100% possible.

Will forward this to the management in the next shareholder meeting. This is the diversification this company needs. As China cracks down on Bitcoin mining and Malaysia bans Binance and conduct arrests nationwide to deter illegal Bitcoin miners using excessive electricity, renewable energy companies should capitalise on this opportunity to mine cryptocurrency with alternative energy sources specifically green energy.
05/08/2021 8:26 AM
wallstreetrookie The Nordic region once again has become a lucrative place to mine crypto-currencies, thanks to a plunge in electricity prices.

The wettest weather in at least 20 years boosted production from hydro-electric plants, leaving Sweden and Norway with some of the lowest power prices in the world. The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin almost quadrupled.

The currencies are made in giant computer farms that process complex algorithms in halls as big as airport hangars. That makes electricity one of the key inputs, with operations sometimes consuming as much power as that used by 70,000 households. The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.

Bloomberg | Technology
05/08/2021 8:26 AM
wallstreetrookie Right now, cryptocurrency is a sensitive issue in Malaysia. But time will pass
05/08/2021 8:26 AM
wallstreetrookie Earnings to be expected this week
EPS estimates: High 17.5 Low 15
16/08/2021 6:03 AM
wallstreetrookie Utilities set to outperform during economic downturns.
16/08/2021 6:48 AM
DannyArcher results within expectation.
19/08/2021 5:32 PM
DannyArcher MFCB bought Emery Oleochemicals from Sime Darby
https://www.malaymail.com/news/money/2021/08/19/sime-darby-plantation-pttgc-international-sell-asia-pacific-business-of-eme/1998901

Anyone with insight on this? Good deal or bad deal?
19/08/2021 10:44 PM
noob2021 Is a loss making company for pass 10 years due to poor management...
20/08/2021 11:11 AM
steady31 MFCB's stake in this Emery purchase is only 50% but why is it willing to guarantee the entire debt of Emery of 250M? smells of a rotten deal or is the owner of the other 50% connected to MFCB? If not, it would be better for the share price if MFCB pays a higher dividend instead of a paltry 3.25c when the earnings is 9.2c
20/08/2021 11:42 AM
RJ87 How much is the purchase?

Steady31, where is ur source?
20/08/2021 1:48 PM
nickinvests mfcb got online briefing later at 5, open to all.
20/08/2021 4:05 PM
nickinvests not sure why cannot send the link in i3, can google: ryunanda mfcb
20/08/2021 4:08 PM
Bgt 9963 Post removed. Why?
20/08/2021 4:36 PM
trum Buy.
21/08/2021 10:24 AM
MiaoMiao7 Got 3 more call warrants below 3.60, gotta wait till the warrant expires.
21/08/2021 10:41 AM
RJ87 Let see if kenanga, CV and Maybankm CP is as nasty as CIMB...Dunno which team operating the SCW.

BTW, Bauto-C22 issued by CIMB quite interesting. Strike value RM1.5, 1:1 at 12.5sen. So, can collect when next QR red red...Looking at the pattern, this C22 is the same guy that operates C16. I made some handsome return there.
21/08/2021 3:02 PM
steady31 More shareholders are dumping ,disillusioned the hefty cashflow from the power business is not used to pay more dividends.
24/08/2021 6:27 PM
steady31 Pay peanuts for dividend beget peanut size PER of under 10X, hurting shareholders value.
25/08/2021 10:12 AM
Bizfuneng nickinvests, can you share the link?
25/08/2021 10:36 AM
VaWealth Post removed. Why?
25/08/2021 6:19 PM
capitalist what happen to the don sahong hydropower, why the market not efficient till now...
26/08/2021 12:17 AM
RJ87 dunno la...u hv to understand few psychology in play...

Rich ppl wear fake rolex, market thinks rolex must be real.
Poor ppl wear real rolex, market think s rolex must be fake.

Like wise for market, bullish counter with no fundamental, "something good is going on and breakout is imminent" even the QR is bleeding cash hell and no end. While Bearish counter with strong fundamental, "QR result is so-so only that's why it's trading sideway" even the fact is it's gonna churn 100mil profit a quarter for next 20 years.

Human by nature don't operate based on facts. It's based on instinct and emotion.
This is also why not everyone can be pilot. Only those who can suppress their fear and anxiety under stressful condition, trust their gauge and act objectively can be one.
26/08/2021 12:48 PM
steady31 The poor decision not to pay a higher dividend cause the share price to keep sliding owing to relentless selling from unhappy shareholders.The loss in share value for everyone especially the major shareholders is higher like cutting the nose to spike the face
08/09/2021 3:41 PM
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08/09/2021 7:52 PM
MiaoMiao7 @steady31

Why is it poor decision? I think it is a good decision. I rather them take the money and grow the company. If dividend is what you want, go to Public Bank, United Plantation, PChem or some high dividend yield counter.

I am here for the growth potential, hopefully they can continue to grow and grow and one day make it into KLCI30.
08/09/2021 10:38 PM
InvestGH Additionally, the group has collaborated with 9M Technologies Sdn Bhd to form a 50:50 JV called Edenor Technology Sdn Bhd, which has proposed to acquire Emery Oleochemical and Emery Specialty Chemicals Sdn Bhd in Malaysia from Sime Darby Plantations Bhd for its oleochemical venture.

https://themalaysianreserve.com/2021/09/06/mega-firsts-acquisitions-to-bring-in-additional-earnings-roe-lift/

Something new is going on.. any idea?
08/09/2021 11:56 PM
InvestGH https://www.thesundaily.my/business/mega-first-to-acquire-sime-darby-plantation-s-emery-firms-for-rm38m-XE8226404
09/09/2021 12:02 AM
capitalist MFCB share price get ready to -MYR 2.00
just selling your stock before it's coming!!!
I warning you for the last time..
24/09/2021 8:55 PM
amet2017 Ok thank for the warning. If drop 2 ringek we will add more. Kikiki
24/09/2021 9:56 PM
lotuseater Why are there always people who have nothing better to do, claiming this share will rise or drop to a certain price without saying why?. If you do not have any justification, better keep your comment to yourself and be quiet.
25/09/2021 8:01 AM
Bgt 9963 Good morning...
25/09/2021 8:41 AM
Souljaboiiii @capitalist pro
26/09/2021 2:07 PM
capitalist booming time coming soon!!!
28/09/2021 12:14 PM
RJ87 Monkey have rights too ok?
----------------------------------------------------------------------
lotuseater Why are there always people who have nothing better to do, claiming this share will rise or drop to a certain price without saying why?. If you do not have any justification, better keep your comment to yourself and be quiet.
25/09/2021 8:01 AM
30/09/2021 9:31 AM
RJ87 price was pressed by Maybank. Warrant CP and CQ expired this month

Next expiring warrant is CT from Macquarie Capital on 30 Oct. But I dont think MQ got enough skin to press price.

After MQ is Ambank's CU in Jan. So price should rally from now till Dec.
30/09/2021 10:29 AM
InvestGH Still a good platform for long term investment, strong company background.
04/10/2021 10:01 PM
HKF028C Hi! I am new to investing in warrants. Can I still recover my capital invested in a call warrant that has expired? No I have not started -just curious. Thanks for helping.
05/10/2021 10:07 AM
OldWiseMan100 Can someone explain to me why MFCB has such a low PE? Seems like investors are not very keen in MFCB, any reason? Too high risk?
06/10/2021 10:39 PM
Jiang Ng I think one of the reasons is high customer concentration. Most income comes from the hydro plant in a developing country, which is definitely not a low risk investment I think.
07/10/2021 10:45 AM
awankign007 After buying loss company this share stagnant d
07/10/2021 10:46 AM
Beethoven dividend ex.. immediately recovers.
07/10/2021 2:09 PM
doitduit https://doitduit-my.blogspot.com/2021/09/berkshire-hathaway-of-malaysia-mega.html#more
08/10/2021 10:18 PM
cwc1981 Should have good prospect in oil palm and manufacturing. Ex KLK oleo and manufacturing Director joined them
11/10/2021 12:15 PM


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