KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
3.33   -0.10 (2.92%)  3.33 - 3.40  401,100
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Market Cap: 1,392 Million
NOSH: 418 Million
Avg Volume (4 weeks):424,088
4 Weeks Range:3.33 - 4.03
4 Weeks Price Volatility (%):
52 Weeks Range:2.99 - 4.03
52 Weeks Price Volatility (%):
Average Price Target: 4.51
Price Target Upside/Downside: +1.18
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#4]  |  26-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  28-May-2019
T4Q P/E | EY: 10.77  |  9.29%
T4Q DY | Payout %: 1.13%  |  12.13%
T4Q NAPS | P/NAPS: 3.2121  |  1.04
T4Q NP Margin | ROE: 18.14%  |  9.63%


Date Subject
02-May-2019 Trading Stocks - Mega First Corporation
10-Apr-2019 Mega First Corp. Bhd - Awaiting the Testing Phase
01-Apr-2019 Trading Stocks - Mega First Corp
18-Mar-2019 Invest Malaysia 2019 - Research Guide by Maybank IB
15-Mar-2019 Invest Malaysia 2019 - MEGA FIRST CORPORATION BERHAD
14-Mar-2019 Trading Stocks - Mega First Corporation
27-Feb-2019 Mega First Corporation - Smooth Sailing
27-Feb-2019 Mega First Corp. Bhd - Within Expectations
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

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.
Fabien Extraordinaire sphg22

31/01/2019 10:20 PM
Fabien Extraordinaire dare u to show me evidence of liqudity drying up
31/01/2019 10:21 PM
Icon8888 Next year I will need to exercise my warrants at 2.22

Mfcb will get new cash
31/01/2019 10:24 PM
shpg22 MFCB remind me of JAKS rosy story that end up in drain.
13/02/2019 11:01 AM
linjie @shpg22 when u said something like this compare with JAKS, it show that you never really study
13/02/2019 12:53 PM
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 PM
tipumakan Because jaks keep on cash call, lawsuit, drag down by property arm. But mfcb not
16/02/2019 3:37 PM
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 8:21 PM
Lioncity Result will be out next Tuesday 26/2
19/02/2019 11:10 AM
Fabien Extraordinaire Analysts prediction quite consistent.

Maybank estimates at least RM200mil net profit.
Public Bank estimates RM200-RM260mil net profit.
Insider Asia estimation - US60-70mil net profit in first 5 years (RM240-280mil). Lower subsequently due to tax impact. Tax is exempted for first 5 years.
19/02/2019 2:00 PM
imlearning Should I still hold this counter ?
20/02/2019 11:21 AM
tipumakan hold until the dam come into production at least
21/02/2019 8:56 PM
lai81533 trending good.
24/02/2019 7:15 AM
shpg22 Better sell now. When start production, result will always be lower than analyst expectation. When they want to push the price up, nice story will pop up as usual.
24/02/2019 11:27 AM
lai81533 Target rm5. 50
26/02/2019 6:24 AM
lai81533 Trending
27/02/2019 12:31 AM
Fabien Extraordinaire Maybank raised SOP TP to 4.60

Public SOP TP remains at 4.74

Both estimates quite consistent
27/02/2019 3:36 PM
lai81533 trending up. Hold tight tight
27/02/2019 10:30 PM
lai81533 Market.noise
01/03/2019 5:40 AM
lai81533 将要来了
05/03/2019 6:22 AM
lai81533 Bullish
06/03/2019 5:01 AM
shpg22 Maintained STRONG SELL.
First time registered a negative FCF. Falling deeper into debt hole and liquidity crisis looming.
06/03/2019 11:16 AM
limcs shpg22 .. really ?
06/03/2019 1:20 PM
lai81533 Hold
12/03/2019 7:43 PM
lai81533 Fly to usa
14/03/2019 5:20 AM
lai81533 hold tight tight
14/03/2019 8:10 AM
Ricky Kiat https://klse.i3investor.com/blogs/investmalaysia2019/198042.jsp
15/03/2019 1:29 PM
Icon8888 Ricky Kiat must have bought very cheap
15/03/2019 1:32 PM
Ricky Kiat bought mother n warrant last years. (^-^)
15/03/2019 1:37 PM
Ricky Kiat not cheap enough , but buy on weakness. sure win stock .(^o^)
15/03/2019 1:52 PM
Fabien Extraordinaire eventually when they show real profits from the power plant, this stock PE should ideally expanded to a higher multiple of 15x (its inevitable that investors sentiment to reward a higher multiple once the company can consistently produce sustainable free cash flows).

don't forget, its future revenue shall comprise mostly recurring revenue and these revenue are real cash profit under long term contracts hence protected from external forces. its really a cash cow business.
02/04/2019 4:32 PM
ong4965 Good Said !
02/04/2019 5:41 PM
bukithot All time high coming?
30/04/2019 1:28 PM
Fabien Extraordinaire wow suddenly MFCB is up

after the release of AR
30/04/2019 1:32 PM
Icon8888 I think if hold one more year, can go up another RM1
01/05/2019 9:37 PM
Ricky Kiat dumb dumb hold...
01/05/2019 9:52 PM
fairman Post removed. Why?
02/05/2019 11:51 AM
sengtong88 Don't go up so much, I'm still collecting
04/05/2019 6:55 AM
Fabien Extraordinaire I have sold at 3.99 realising >100% gain. It's a tough decision but i made it as part of my strategy to raise cash holdings. And i decided to sell MFCB along a few stocks.
09/05/2019 9:31 AM
tiffany Well done Fabien!
09/05/2019 10:28 AM
limcs >100% , very strong !
11/05/2019 5:11 PM
shareinvestor88 SELL TP 1.50
12/05/2019 12:33 PM
freddiehero lets break 1.0
12/05/2019 4:34 PM
TM1166 London bridge is falling down
13/05/2019 4:38 PM
dnlt From company's AR -> Prospects and future plans.

With 21% physical completion left to recognise (physical completion was 32.5% in 2018), construction revenue
and profit from Don Sahong is expected to decline year-on-year in 2019 when compared to 2018. The decline in
construction revenue and profit is however expected to be largely offset by test energy sales in the second half of
2019 as the four turbines are progressively being tested and commissioned.

So some holders are not waiting for coming 200M next year and selling ahead of the "decline in construction revenue and profit " ?
15/05/2019 1:18 PM
shpg22 Downgrade MFCB fair price to 2.50
17/05/2019 1:10 PM
shareinvestor88 SELL TP 1.50
19/05/2019 5:28 PM
tapdance Share price is reacting strange. Bet something negative has happened in Don Sahong.
21/05/2019 11:09 AM
shpg22 Nothing negative had happened in Don sahong. Just then usual over optimism from the analyst.
21/05/2019 11:13 AM
shareinvestor88 SELL NOW TP 1.50
25/05/2019 5:38 PM


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