Highlights
KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
6.76   -0.06 (0.88%)  6.73 - 6.80  171,000
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Overview

Market Cap: 3,341 Million
NOSH: 494 Million
Avg Volume (4 weeks):553,322
4 Weeks Range:6.55 - 7.17
4 Weeks Price Volatility (%):
33.87%
52 Weeks Range:3.10 - 7.83
52 Weeks Price Volatility (%):
77.38%
Average Price Target: 8.32
Price Target Upside/Downside: +1.56
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  19-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  25-Feb-2021
T4Q P/E | EY: 10.73  |  9.32%
T4Q DY | Payout %: 1.49%  |  16.03%
T4Q NAPS | P/NAPS: 3.6137  |  1.87
T4Q NP Margin | ROE: 49.00%  |  17.44%

Headlines

Date Subject
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
02-Oct-2020 MEGA FIRST(3069)美家第一还是那么美吗? 【 完】(MFCB (3069) still looks attractive after earning normalised?)【full】
23-Sep-2020 [Humbled Investor] MFCB: Low Risk High Return? What is the Target Price?
15-Sep-2020 Trading Stocks - Mega First Corporation
04-Sep-2020 Mega First Corporation - Widening Business Scope
02-Sep-2020 2Q 2020 Result Round-Up - Another Weak Quarter
22-Aug-2020 (Tradeview 2020) Long Term Value Pick 4 - Mega First Corporation Bhd. (The Power Player with Continuous Growth Story)
21-Aug-2020 Mega First Corporation- Riding on Higher Capacity Factor
21-Jul-2020 (TapDance) Low Risk High Return (4) - MFCB
13-Jul-2020 Mega First Corporation- Not Resting On Laurels
01-Jul-2020 Power - No Electricity Surcharge For 2H20
29-Jun-2020 Malaysia 2H 2020 - The Great Expectation
24-Jun-2020 Trading Stocks- Mega First Corp
24-Jun-2020 美佳第一 阻力RM6.57

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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  13 people like this.
 
pinnaclegrade MFCB is 80% bearish, despite good QR & earnings growth..
so strange = =
23/12/2020 10:43 AM
gemfinder sold all 6.64. TQVM
23/12/2020 10:51 AM
MM78 @UndukNgadau Top Management issue. Hopefully we'll get a new CEO/MD
22/12/2020 6:13 PM

What is the issue with top management ? Any information to share UndukNgadau ?
23/12/2020 10:51 AM
BabyAce Still bear bear lar...Don't dare to enter =.=
23/12/2020 1:27 PM
kenken85 flyborn ur 6.50 is confirmed . haha
23/12/2020 5:31 PM
gemfinder Tis one got country risk
23/12/2020 8:31 PM
UndukNgadau @MM78 We need young blood. Outdated business mentality.
24/12/2020 12:26 AM
UndukNgadau Anyway, I'm holding on to my MFCB. Just no intention to buy more
24/12/2020 12:27 AM
LexterHOO I cut loss at 6.78.. No sure want to buy back not if share price drop further....
24/12/2020 10:38 AM
UndukNgadau Merry Christmas
25/12/2020 11:43 AM
MONEYcomehere1314 pls pls everyone, run away from here. it will go down until RM 1 .... run for our life
25/12/2020 12:32 PM
Hooweeseng Look at KPower... i think i am in the wrong boat.....
25/12/2020 1:05 PM
kl_guy coming quarter will be better than this quarter result.
maybe will be down till end of the years bcos holiday.
this is the good time to pick up.
25/12/2020 1:08 PM
sg999 RM3 coming...
25/12/2020 3:46 PM
LexterHOO No matter how good the QR, if no operator push up the price, the share price will keep dropping.. Unless hold only until the share price up again one day.
25/12/2020 6:06 PM
shareinvestor88 Aiyo rm3
26/12/2020 7:08 PM
kenken85 ppjseow.. pls help to support the shareprice pls. haha
28/12/2020 10:46 AM
Philan008 Oh wow, was considering Kpower vs MFCB back then.... thank god I made the right choice...
28/12/2020 12:06 PM
kenken85 congrtas philan. kpower is higher than mfcb now. haha.
28/12/2020 3:53 PM
UndukNgadau Like I've said before. Top Management issues
28/12/2020 6:54 PM
bluelight renewable energy will boom, mega shall benefits
30/12/2020 8:04 AM
bluelight hope selling pressure will absorb well before it moving up again
30/12/2020 8:07 AM
aiyooo go in nw time to move
30/12/2020 11:05 AM
aiyooo mega monster lagging so much kikikiki
30/12/2020 11:10 AM
amet2017 Movement is like negative earnings company.. Hehe
30/12/2020 5:08 PM
Fklim888 RM7 is coming .
30/12/2020 6:55 PM
Jeevag fuyoh RM10
30/12/2020 11:15 PM
Jeevag Fast in guys. huat Huat Huat!!!
30/12/2020 11:15 PM
Newbie5899 window dressing???
31/12/2020 10:34 AM
bluelight time to fry lor
31/12/2020 10:39 AM
Fklim888 wow... hit rm7 cheers lol
31/12/2020 11:12 AM
kai8994 Either Fidelity is on holiday or they sold off all their shares. Hopefully is the latter :)
31/12/2020 4:11 PM
bluelight Guess most of the fund manager clear their stock at end of the year
31/12/2020 5:17 PM
linjie Year 2021 could be a volatile year, Mega First Corp Bhd's steady and resilient earnings from the 260MW Don Sahong hydropower project could be a shelter.

It is noteworthy that besides resilient earnings, Mega First is also a company to look out for renewable energy theme play as policymakers globally are stepping up efforts to meet ambitious climate targets.

Maybank IB analyst Tan Chi Wei wrote, in its 2021 strategy report, that Mega First appears undervalued. From an 18.9 times P/E in 2019, this counter is expected to have a P/E of 9.8 times in 2021.

"Backed by Don Sahong's strong cash flow, Mega First has the means to pursue new growth opportunities and/or increase cash distribution to shareholders," he added.

For net profit, Tan is projecting its net profit to be at RM323 million in the financial year ended Dec 31, 2020 (FY20) and RM340.1 million in FY21, compared with RM152 million in FY19.

The forecast big leap in earnings is due to the hydropower project, which is expected to generate annual net profit attributable to shareholders of between US$60 million and US$70 million during its 25-year concession period starting from FY20.

According to Bloomberg data, with a consensus target price of RM8.31, this implies a 20% upside from its closing of RM6.90. All three research houses covering this counter have "buy" calls.

Another alternative for renewable energy play could be KPower Bhd, which is one of the top picks of RHB IB and AmInvestment Bank Bhd.

RHB IB said KPower is firmly on its growth trajectory and is expected to double its order book size by end-FY21. "The stock, in our view, could undergo a further rerating, if KPower can penetrate the solar industry, which generally fetches premium valuations," said the research firm.
03/01/2021 10:21 AM
pputeh Finally the write up has opened eyes. Soon it will be 7.50
04/01/2021 12:33 PM
winlast take a break tomorrow keep on moving forward
05/01/2021 4:44 PM
andr BBB
06/01/2021 11:13 AM
Calvin882 Currently better focus on companies which doesn't affected by MCO. MFCB is one of those.
09/01/2021 10:15 AM
treasurehunt Mekong water disruption in short term.

https://thediplomat.com/2021/01/china-belatedly-notifies-mekong-nations-of-river-disruption/
09/01/2021 10:20 AM
DonWorryBeHappy Bought some 6.68
12/01/2021 4:08 PM
Fklim888 Rm7.30 look forward... immediate
14/01/2021 10:55 AM
Fklim888 Rm7.30 look forward... immediate
14/01/2021 10:55 AM
StrongMan81 zzzzz......
14/01/2021 3:10 PM
sg999 @fklim888 6.3 is it?
15/01/2021 11:07 AM
Fklim888 rm6.30 sure onot lol
15/01/2021 12:03 PM
sg999 As you can see coming down.
15/01/2021 12:43 PM
DonWorryBeHappy Hahahaha maybe back to 6.3 then shoot to 7.3 long term 10.3
15/01/2021 5:38 PM
sg999 6.3 coming
18/01/2021 10:21 AM
StrongMan81 ZZZZzzzzz......
18/01/2021 10:24 AM
MCDIDDY No liquidity, bonus issue la
18/01/2021 12:44 PM


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