KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
3.91   +0.02 (0.51%)  3.84 - 3.91  126,200
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Market Cap: 1,632 Million
NOSH: 417 Million
Avg Volume (4 weeks):328,925
4 Weeks Range:3.48 - 3.99
4 Weeks Price Volatility (%):
52 Weeks Range:2.99 - 3.99
52 Weeks Price Volatility (%):
Average Price Target: 4.47
Price Target Upside/Downside: +0.56
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  27-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  23-Feb-2019
T4Q P/E | EY: 13.65  |  7.33%
T4Q DY | Payout %: 0.96%  |  13.06%
T4Q NAPS | P/NAPS: 3.2174  |  1.22
T4Q NP Margin | ROE: 18.39%  |  8.90%


Date Subject
15-Feb-2019 Power - Third Round of LSS Tenders
30-Jan-2019 上升股:美佳第一阻力RM3.99
29-Jan-2019 Trading Stocks - Mega First Corporation
15-Jan-2019 Mplus Market Pulse - 15 Jan 2019
15-Jan-2019 [转贴] [MEGA FIRST CORP BHD:Don Sahong Power项目预计到今年年底将实现约79%的实际完工,截至2018年9月底,该厂的土建工程已完成80%,挖掘工程占88%,堤防占72%] - James的股票投资James Share Investing
15-Jan-2019 上升股:美佳第一阻力RM3.64
14-Jan-2019 Mega First Corporation - In The Final Lap
04-Dec-2018 3Q 2018 Result Round-Up - Worrying Signs
28-Nov-2018 Mega First Corporation Berhad - Dragged By Ringgit Strength
27-Nov-2018 Mega First Corp. - No Surprises
09-Nov-2018 Technical Analysis - Mega First Corp
09-Nov-2018 美佳第一 2年财测上修
08-Nov-2018 Mega First Corp. Bhd - Chugging Along Nicely
03-Oct-2018 PublicInvest Research Headlines - 3 Oct 2018
27-Sep-2018 [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
26-Sep-2018 Mplus Market Pulse - 26 Sep 2018
18-Sep-2018 美佳第一什么价位可买进?
29-Aug-2018 Mega First Corp. - Above Expectations
29-Aug-2018 Mega First Corporation - Steady Growth
14-Aug-2018 Mega First Corporation - Steady Progress

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.
Analyze this stock with MQ Trader system

  10 people like this.
James Ng https://klse.i3investor.com/blogs/general/190206.jsp
[转贴] [MEGA FIRST CORP BHD:Don Sahong Power项目预计到今年年底将实现约79%的实际完工,截至2018年9月底,该厂的土建工程已完成80%,挖掘工程占88%,堤防占72%] - James的股票投资James Share Investing
15/01/2019 14:03
Icon8888 James your article too much details

maybe you should just provide important points that merit a Buy
15/01/2019 14:09
Icon8888 MACD crossed zero line

15/01/2019 18:15
James Ng Icon8888: Indeed MFCB is a long term buy
15/01/2019 19:41
Icon8888 can hold until 4.50 (or 5.00)
15/01/2019 20:17
金刚 般若 Icon8888 fb page is Financial Freedom 我要财务自由 ???
15/01/2019 21:29
Icon8888 I don't have FB
15/01/2019 21:30
1128 Up ong mali
16/01/2019 09:35
Fabien Extraordinaire I'm invested since 2013 at a cost of 1.65 per share.
16/01/2019 17:32
金刚 般若 Fabien Extraordinaire, may i know you age ?
16/01/2019 18:05
Fabien Extraordinaire Posted by 金刚 般若 > Jan 16, 2019 06:05 PM | Report Abuse

Fabien Extraordinaire, may i know you age ?


Why particular interest in my age?

16/01/2019 20:18
Fabien Extraordinaire I started investing when i was 28.

This year is my 10th year of investing. Hopefully within another decade i can reach my end goal la...
16/01/2019 20:21
Icon8888 I started investing 28 also !
16/01/2019 20:25
金刚 般若 i surprise you can hold so long time. So i asking your age.

28 age where to find capital to invest ?
16/01/2019 23:07
Fabien Extraordinaire 28 age where to find capital to invest ?

it depends on ur earning power as well as savings rate

i started savings since the first day i start working. i work hard to earn promotion. only after i left big 4 and started career in banking industry, i began to have time for investing,

first year of investing, i started small with just 50k capital.
17/01/2019 14:35
Icon8888 28 I started punting with 1.4k

29 I drew down credit card cash advance 15k to punt the market, 18% interest rate per annum
17/01/2019 14:39
AbdulMaalikBinUthmaa wow i should start saving and investing smart as well
17/01/2019 14:44
Fabien Extraordinaire fuiyo...banyak aggressive. haha
17/01/2019 14:45
Icon8888 it is a matter of managing cashflow mah

at 29 I finally settle down on a job that has good prospects so I know repayment not a problem

that time market happened to be bearish so I didn't want to wait for capital accumulation

it all worked out well
17/01/2019 14:47
Fabien Extraordinaire good to hear that, Icon

hopefully i can be successful and achieve my goal la..in 10 years time.
im comfortable with RM4 - 5mil portfolio size then only i can quit full time job
17/01/2019 14:59
AbdulMaalikBinUthmaa exactly, have to learn from pros like you on how to win in life
17/01/2019 15:03
金刚 般若 My capital started form saving, so i quite late to invest. But the goal is same to you.
4-5 mil is standard range to quit full job. Boring to my job.

Hope you guy can archive the goal.
17/01/2019 17:45
xiaoxiami I started investment since I was 23
I can say I am very lucky to have friend surrounding me and influence me

Now I am 28 and have around 350k portfolio
Hope by retire can accumulate assest of 10mil
18/01/2019 07:47
freddiehero wah.. u all so young dy invest in market.
18/01/2019 08:01
freddiehero im just start last year january..
18/01/2019 08:02
bukithot Is 200mil expected profit sustainable if this includes the construction profit which is not recurring when the laos powerplant is up and running?
18/01/2019 08:31
bukithot This is what PB research says, ". Based on our earnings estimates, the hydropower project will
contribute annual sales of RM400m-RM450m and profit of RM200m-260m
during the 25 years of concession."
18/01/2019 08:35
Icon8888 and PB forecast DPS jumps to 30 sen next year

18/01/2019 08:38
Fabien Extraordinaire 200mil is real profit. real cash flows.

not construction profit
18/01/2019 11:11
Fabien Extraordinaire Maybank predicted the powerplant to potentially contribute a minimum of USD55m of FCF p.a. over its 25-year concession. Expect good yield moving forward.
18/01/2019 11:21
Fabien Extraordinaire Icon8888 and PB forecast DPS jumps to 30 sen next year


Maybank forecast 15sen next year
18/01/2019 11:28
Icon8888 15 sen also very yummy
18/01/2019 19:37
KL Tneoh Once Don Shahong project start operation, 50+ cents of EPS & around 25 cents of dividend is within the reach.
19/01/2019 00:13
bukithot Operation
For a run-of-the-river system to be possible in a given location, there needs to be two specific geographical features. The first is there must be a reasonably substantial flow rate, either from rainfall or a melting snowpack. In addition, there must be enough of a tilt to the river to speed the water up significantly.[4] Therefore, run-of-the-river systems are best implemented in bodies of water with a fairly constant flow rate. If they are built in locations where flow rate is fairly low for a period of time and then peaks dramatically, there will be a large amount of "wasted" water during the peak flow periods as the excess water falls through the spillways. This is because these systems are built to accommodate the lowest flow rate—thus, not be able to handle significantly larger flow rates.

In run-of-the-river systems, running water from a river is guided down a channel or penstock. There can be some change in altitude at this point (from a small dam or the natural landscape) so there may still be some contribution from "falling water." The diverted water is brought to an electricity generating house. In this house, the running water drives a turbine, running a generator and generating electricity. After being used, water is fed to the river downstream.[3]

Although run-of-the-river systems rely primarily on the flow rate of rivers to generate electricity and not a significant amount of water storage, some a small-scale dam or weir to ensure enough water enters the system itself. Pondage (a small amount of water stored behind the dam) is occasionally used, making them generally more reliable as they compensate for any discrepancies in water flow. This stored water isn't like a reservoir because it stores enough for "same day use" not future uses.[4][2]

19/01/2019 14:11
qps9999 Trading volume not so much, thats y its moving slowly...?
19/01/2019 14:13
Fabien Extraordinaire quietly moving up
29/01/2019 16:23
Icon8888 Why ah ?
29/01/2019 16:23
Fabien Extraordinaire no idea, just hold and watch

29/01/2019 16:46
pang72 Thank you for sharing mfcb to me.
I am attracted by its forward earning.
29/01/2019 18:42
pang72 My fix deposit.
29/01/2019 18:42
shpg22 Liquidity deteriorating fast, may need another round of right issue.
Prepare for more cash
31/01/2019 19:47
KL Tneoh Ha ha ha......

So funny !!
31/01/2019 22:05
Fabien Extraordinaire sphg22

31/01/2019 22:20
Fabien Extraordinaire dare u to show me evidence of liqudity drying up
31/01/2019 22:21
Icon8888 Next year I will need to exercise my warrants at 2.22

Mfcb will get new cash
31/01/2019 22:24
shpg22 MFCB remind me of JAKS rosy story that end up in drain.
13/02/2019 11:01
linjie @shpg22 when u said something like this compare with JAKS, it show that you never really study
13/02/2019 12:53
shpg22 When JAKS is at its peak, those that invested in it think they had study a lot and have confident in it. Yet still end up in drain.
13/02/2019 12:55
tipumakan Because jaks keep on cash call, lawsuit, drag down by property arm. But mfcb not
16/02/2019 15:37
xiaoxiami The edge weekly got report this company this week

Overall is quite high risk
Mfcb intent to pay off the loan for the first 3 years of hydropower construction
Means will not expect big rise in dividen

If run at full capacity
Expect to get 60million usd in first 5 years, subsequently 55mil and 50mil due to increases of tax

All of this if only the hydropower run at full capacity
Still have to depends on the water flow rate, any dry season etc

So if the hydropower did not perform as expected, might be expect lower profit

After this Mfcb still have to find other source of revenue or business opportunity as the contract only last 25 years
16/02/2019 20:21


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