LexterHOONo 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.
kai8994Either Fidelity is on holiday or they sold off all their shares. Hopefully is the latter :)
31/12/2020 4:11 PM
bluelightGuess most of the fund manager clear their stock at end of the year
31/12/2020 5:17 PM
linjieYear 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
pputehFinally the write up has opened eyes. Soon it will be 7.50
04/01/2021 12:33 PM
winlasttake a break tomorrow keep on moving forward
