Highlights
KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
3.54   0.00 (0.00%)  3.52 - 3.56  276,200
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Overview

Market Cap: 3,499 Million
NOSH: 988 Million
Avg Volume (4 weeks):481,726
4 Weeks Range:3.48 - 3.66
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:3.37 - 8.10
52 Weeks Price Volatility (%):
3.59%
Average Price Target: 8.66
Price Target Upside/Downside: +5.12
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  27-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  19-Aug-2021
T4Q P/E | EY: 10.38  |  9.64%
T4Q DY | Payout %: 1.62%  |  16.77%
T4Q NAPS | P/NAPS: 2.0944  |  1.69
T4Q NP Margin | ROE: 49.82%  |  16.29%

Headlines

Date Subject
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
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】~sustainableinvestment22
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

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.
 
DannyArcher I think safer to enter when it hits RM3.20.
Will hover sideways for the next few months.
MACD crossing soon for the monthly chart.
30/06/2021 1:44 AM
mrhbursa MFCB - 马股长期投资必选股票之一?
https://mrhbursa.blogspot.com/2021/06/mfcb.html
30/06/2021 8:10 PM
Souljaboiiii Is Don Sahong Hydropower Plant parked under intangible asset in the balance sheet?
Anyone knows what's the ROIC of MFCB in FY2020?
03/07/2021 6:24 PM
newbie8080 MFCB provides stable income over the period of the concession for the hydropower and the packaging biz offer some extra growth prospect to the counter.

In short it's a dividend yield counter and don't expect it to grow 100% in share price annually unlike previous years as the hype of the hydropower anticipated earnings had materialized.

Unless, there is new catalyst like building a new hydropower or buying a packaging biz or new biz venture that offers 50% to 100% increase to top line and bottomline annually, nothing will much the share price tremendously.

Those wise investors would have entered the counter between 2014-2016 and now receiving dividend yield of 12%-15% p.a. on top of their capital appreciation.
03/07/2021 7:42 PM
RJ87 What u think about Dufu in 2019? All prospect materialised then? That was PE10 at Rm1.20 before bonus issue.

Market likes 2 things, revenue visibility and stability. With this 2 things, PE will shoot up.
04/07/2021 11:04 PM
newbie8080 @RJ87, You should compare Dufu with Notion or JCY within similar universe.

The closest for MFCB is YTLpowr & Malakoff of similar size & nature. However slight difference between Hydropower & Thermal powered plant.
Can't recalled any hydropower listed company except kpower but not comparative due to it's RE segment-solar pv is allocated higher PE.

But MFCB is not pure play for energy generation as it has other income generators. If the packaging biz grows to sizeable portion, it can be valued under conglomerate style or holding company.

Thus it would be better for them to spin off the energy biz to get better valaution.
07/07/2021 1:53 PM
Bgt 9963 Good luck.!
07/07/2021 2:18 PM
wallstreetrookie The turbine industry hasn’t always been easy. Governments around the world switched to a more competitive auction-based pricing regime in 2016, squeezing margins and prompting a shakeout among manufacturers.

Prices stabilized in 2018 and the big European turbine makers can now earn margins of between 6% and 10% on sales and over 20% on service contracts. Turbines are “data-harvesting machines” with sensors that generate a massive data trove used in after-sales services to tweak performance, optimize maintenance and extend a turbine’s life, says Sean McLoughlin of HSBC.
19/07/2021 7:57 AM
Bgt 9963 Good morning.
19/07/2021 8:57 AM
MiaoMiao7 66.5% of MFCB profits come from Laos.
Only 10% of their population fully vaccinated.

http://www.xinhuanet.com/english/2021-07/22/c_1310076847.htm
23/07/2021 12:29 AM
Bgt 9963 Good morning.
23/07/2021 8:57 AM
nickinvests what does vaccination of population got to do wf electricity generation thats created from water?
24/07/2021 12:12 PM
MiaoMiao7 @nickinvests

Economic activities. Lockdown...

https://www.thestar.com.my/aseanplus/aseanplus-news/2021/05/31/laos-electricity-and-water-tariffs-bills-reduced-for-all-households
24/07/2021 3:24 PM
RJ87 The power generation is gonna make more money considering more rainfall than expected
26/07/2021 9:30 AM
RJ87 https://www.theguardian.com/world/2021/jul/22/china-floods-military-blasts-dam-release-water-as-floods-death-toll-climbs

Availability should be good as water level should be high until Q4,2021.
26/07/2021 9:58 AM
RJ87 Very simple...trying to get MFCB at cheaper price...

Why not as him what's the price he is interested...Once he got it, he will sing different tune...

nickinvests what does vaccination of population got to do wf electricity generation thats created from water?
24/07/2021 12:12 PM
26/07/2021 10:04 AM
wallstreetrookie Foreign investors coming to Malaysia soon. Vietnam done. Taiwan done. India done. China done. Next will be either Philippines, Thailand or Malaysia. Get ready and build your camps around the best large cap stocks of Bursa
26/07/2021 12:13 PM
MiaoMiao7 @RJ87

Not denying what you said. But do go look at MACD 12 26 and set the time to Month instead of Day. What do you see? I see a few more months of either sideways or down-trending, but it wont collapse because MFCB already proven they have a viable business that is sustainable. Long term, can go in now and hold for many years, short term, I think still got room to go down a little bit more.
27/07/2021 1:18 PM
newbie8080 @MiaoMiao7

The article posted earlier.

I do not see any impact to MFCB.

The PPA would already agreed upon between IPP and EDL.

Whether EDL increase or reduce tariff, no relation to IPP.
27/07/2021 1:26 PM
RJ87 yeah...what price u plan to buy? =P
Do u know what's the problem with technical? Can reverse anytime missed the boat.

Better stick to fundamental...slowly, BUT SURELY.

-------------------------------------------------------
MiaoMiao7 @RJ87

Not denying what you said. But do go look at MACD 12 26 and set the time to Month instead of Day. What do you see? I see a few more months of either sideways or down-trending, but it wont collapse because MFCB already proven they have a viable business that is sustainable. Long term, can go in now and hold for many years, short term, I think still got room to go down a little bit more.
27/07/2021 1:18 PM
27/07/2021 3:23 PM
RJ87 U wait 4.30pm...price action tells me that folk from CIMB is battling with the market where market will push it back up after CIMB folks sell it down...

Will join the bandwagon to push it up later at 4pm.
27/07/2021 3:27 PM
RJ87 today's VWAP is 3.589, the low volume selldown should be the tell tail who is desperately doing sell down...don't forget to catch low...
27/07/2021 3:35 PM
MiaoMiao7 @RJ87

Exactly. TA is not 100% reliable. I have my TP price. It is still in consolidation mode. I can wait. and if I miss it, it is also ok. plenty of fish out there.
27/07/2021 4:05 PM
Bgt 9963 Good luck.
27/07/2021 5:43 PM
RJ87 check this out...https://imgur.com/gallery/b77Ngln

At the point of my 3.30pm comment, the price was at RM3.53.
Like I say, after 4pm market will push it back up. It closed at RM3.63

The reason is this, those invest in MFCB-CS do not mind to collect MFCB at this point.
If market likes MFCB and starts pushing, good for MFCB-CS. If SCW issuer price price down, they don't mind collect cheap at this price.

To play a game well, u need to know the rules and the players.
As of now, the game is rigged in favor of the institutions. They have all the instruments that retailers have no access to unfortunately.

Betting against institution is a nut job. Better take advantage of what they are doing.
27/07/2021 5:52 PM
ckchung MiaoMiao7 wats the best price to go in please? tq
27/07/2021 5:53 PM
RJ87 Best price is of cos 0. RM0. Or better like Crude Oil price last year. USD-14.
For every barrel of crude oil u buy, u get USD14 back...Do u ever get paid to own something?

Simple calculation....Profit from Don Sahong is 300M - 400M per annum. Current Market Cap is RM3.5B. Current equity is 2.5B. Premium is 1B. That's 2.5 years ROI. 2.5 years onwards u add 10% onto current price for next 25 years.

I'm talking about cash is cash. If your pocket got RM50, even I value
you as person RM0, I have to value you RM50 for what's ur pocket worth. I'm not talking about crazy PE and prospect valuation yet.

ckchung MiaoMiao7 wats the best price to go in please? tq
27/07/2021 5:53 PM
27/07/2021 6:02 PM
MiaoMiao7 @ckchung I dont know what is the best price. You have to make your own decision.

I've seen this last minute spike up many times in yinson. This is a sign of distribution. you can look back at yinson closing for for past few weeks. This distribution will go on until whomever finish selling, but this doesn't mean it will go down, it all depends on market force.

For long term, anytime is a good time to buy. Ignore the short term noise. I have my own reason to wait, but doesnt mean I am right. Do what you think is comfortable.
27/07/2021 8:23 PM
MiaoMiao7 I dont think MFCB will drop 50%...very highly unlikely. so, if you are long, just buy and hold. my strategy is different.
27/07/2021 8:28 PM
Souljaboiiii wait... drop 50%? What makes you say so?
27/07/2021 8:37 PM
MiaoMiao7 I said I dont think it will drop 50%.
27/07/2021 8:46 PM
RJ87 Here we go again....
28/07/2021 11:40 AM
RJ87 Today CIMB abit more serious...that fella started early....buy sell buy sell himself and to keep low VWAP also fun.
28/07/2021 4:14 PM
MiaoMiao7 exactly... this is the same thing I've seen in yinson... it will drop drop drop and sudden drop then before closing it will go up. But on certain days, it won't. Many will buy during the drop thinking they can sell higher before closing but it did not on certain days, then later for days it will drop even more.

weird.

Whatever it is, they are pushing the price down, until when nobody knows.
28/07/2021 9:00 PM
28/07/2021 9:02 PM
RJ87 Until SCW expires....
28/07/2021 9:36 PM
MiaoMiao7 CIMB wants it to go below 3.5, can they?
29/07/2021 11:01 AM
RJ87 can...at wat cost only...

For SCW issuer, it's best no need pay. But to press the price down isn't free either.
So, it depends on what price they sold their SCW and how much they need to buy back...

But they definitely save up on broker fees.

Got a few that even issuer made mistake....like TG-C84, BAT-C1, and BAuto-C16.
If they issue at the wrong, sapu lo...wait what. =D
29/07/2021 2:57 PM
MiaoMiao7 They are pushing hard to reach RM3.5, seems like a good price to buy now since today will be the last day for the warrant. Yinson also having the same fate. For those looking for long term investment, Yinson is a good company, can collect some now.
29/07/2021 4:01 PM
MiaoMiao7 I parked at RM3.51 and got it after closing, CIMB probably sell as much as they can to push down the price close to 3.50. Let's see once the warrant expires will it rally.
29/07/2021 5:07 PM
MiaoMiao7 Warrant expires tomorrow.

https://www.klsescreener.com/v2/stocks/view/3069CS/mfcb-cs-cw-mega-first-corporation-berhad-cimb
29/07/2021 5:13 PM
Bgt 9963 Good luck.!
29/07/2021 5:34 PM
wallstreetrookie IB shorting all companies with high retail ownership. Unfortunately Mega First Corporation is one of them. 2.3 million shares short. Apologies for recommending this company because fundamental analysis clearly does not work. The same for Lotte Chemical Titan and Hengyuan Refining
29/07/2021 6:25 PM
MiaoMiao7 The problem I see with new retailers is they dont cut loss, and never will. if they lose alot, they just hold and hold and hold... look at glove.
29/07/2021 7:36 PM
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 Good morning.!
31/07/2021 9:14 AM


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