Highlights
KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
7.27   +0.04 (0.55%)  7.23 - 7.32  178,700
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Financials


Market Cap: 3,593 Million

Market Cap 3,593 Million
NOSH 494 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 02-Jun-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 02-Jun-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  30-Jun-2020 [#2]

Latest Quarter: 30-Jun-2020 [#2]
Announcement Date 19-Aug-2020
Next Quarter: 30-Sep-2020
Est. Ann. Date: 18-Nov-2020
Est. Ann. Due Date: 29-Nov-2020
QoQ | YoY   41.68%  |    266.14%

Annual (Unaudited) ( EPS: 31.10, P/E: 23.38 )

Revenue | NP to SH 701,933  |  153,668
RPS | P/RPS 142.04 Cent  |  5.12
EPS | P/E | EY 31.10 Cent  |  23.38  |  4.28%
DPS | DY | Payout % 4.88 Cent  |  0.67%  |  15.71%
NAPS | P/NAPS 3.08  |  2.36
YoY   18.88%
NP Margin | ROE 25.13%  |  10.11%
F.Y. | Ann. Date 31-Dec-2019  |  25-Feb-2020

T4Q Result ( EPS: 47.86, P/E: 15.19 )

Revenue | NP to SH 662,983  |  236,533
RPS | P/RPS 134.16 Cent  |  5.42
EPS | P/E | EY 47.86 Cent  |  15.19  |  6.58%
DPS | DY | Payout % 10.10 Cent  |  1.39%  |  21.10%
NAPS | P/NAPS 3.43  |  2.12
QoQ | YoY   33.32%  |    88.93%
NP Margin | ROE 41.43%  |  13.94%
F.Y. | Ann. Date 30-Jun-2020  |  19-Aug-2020

Annualized Result ( EPS: 56.15, P/E: 12.95 )

Revenue | NP to SH 683,884  |  277,468
RPS | P/RPS 138.39 Cent  |  5.25
EPS | P/E | EY 56.15 Cent  |  12.95  |  7.72%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   20.84%  |    148.32%
NP Margin | ROE 46.96%  |  16.35%
F.Y. | Ann. Date 30-Jun-2020  |  19-Aug-2020


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
T4Q 19-Aug-2020 30-Jun-2020 2 662,983 277,250 274,704 236,533 49,912 1,696,904 21.10% 41.43% 13.94% 429,596 154.33 134.16 55.06 47.86 11.62 10.10 3.9500 3.43   53.89% 30-Jun-2020 6.28 4.07 11.41 1.59 8.77% 1.85% 19-Aug-2020 7.04 4.56 12.79 1.78 7.82% 1.65%
31-Dec-2019 25-Feb-2020 31-Dec-2019 4 701,933 188,404 176,420 153,668 24,136 1,520,622 15.71% 25.13% 10.11% 402,281 174.49 142.04 37.40 31.10 6.00 4.88 3.7800 3.08   18.88% 31-Dec-2019 5.11 2.93 13.38 1.35 7.48% 1.17% 25-Feb-2020 5.30 3.04 13.87 1.40 7.21% 1.13%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 874,119 197,440 159,532 129,266 15,745 1,342,332 12.18% 18.25% 9.63% 393,646 222.06 176.88 33.03 26.16 4.00 3.19 3.4100 2.72   -6.56% 31-Dec-2018 3.10 1.40 9.44 0.91 10.59% 1.29% 27-Feb-2019 3.88 1.75 11.82 1.14 8.46% 1.03%
31-Dec-2017 23-Feb-2018 31-Dec-2017 4 910,862 192,935 157,710 138,336 15,611 1,221,573 11.28% 17.31% 11.32% 390,279 233.39 184.32 36.02 27.99 4.00 3.16 3.1300 2.47   14.57% 29-Dec-2017 3.67 1.57 10.35 1.17 9.66% 1.09% 23-Feb-2018 3.60 1.54 10.16 1.15 9.85% 1.11%
31-Dec-2016 27-Feb-2017 31-Dec-2016 4 600,738 137,560 115,556 120,741 17,278 1,057,434 14.31% 19.24% 11.42% 345,566 173.84 121.56 34.19 24.43 5.00 3.50 3.0600 2.14   62.58% 30-Dec-2016 2.15 1.24 6.15 0.70 16.25% 2.33% 27-Feb-2017 2.81 1.62 8.04 0.92 12.43% 1.78%
31-Dec-2015 25-Feb-2016 31-Dec-2015 4 588,686 147,524 107,654 74,264 17,819 813,028 24.00% 18.29% 9.13% 222,747 264.28 119.12 33.34 15.03 8.00 3.61 3.6500 1.65   6.24% 31-Dec-2015 2.49 0.94 7.47 0.68 13.39% 3.21% 25-Feb-2016 2.30 0.87 6.90 0.63 14.50% 3.48%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 672,465 153,020 107,296 69,899 17,808 739,059 25.48% 15.96% 9.46% 222,608 302.08 136.08 31.40 14.14 8.00 3.60 3.3200 1.50   -5.61% 31-Dec-2014 2.40 0.79 7.64 0.72 13.08% 3.33% 26-Feb-2015 2.48 0.82 7.90 0.75 12.66% 3.23%
31-Dec-2013 27-Feb-2014 31-Dec-2013 4 628,758 154,894 107,185 74,050 16,708 679,459 22.56% 17.05% 10.90% 222,773 282.24 127.23 33.24 14.98 7.50 3.38 3.0500 1.37   27.83% 31-Dec-2013 2.18 0.77 6.56 0.71 15.25% 3.44% 27-Feb-2014 2.33 0.83 7.01 0.76 14.27% 3.22%
31-Dec-2012 25-Feb-2013 31-Dec-2012 4 635,304 129,102 93,662 57,927 15,931 612,580 27.50% 14.74% 9.46% 224,388 283.13 128.56 25.81 11.72 7.10 3.22 2.7300 1.24   -22.86% 31-Dec-2012 1.60 0.57 6.20 0.59 16.13% 4.44% 25-Feb-2013 1.59 0.56 6.16 0.58 16.24% 4.47%
31-Dec-2011 27-Feb-2012 31-Dec-2011 4 610,508 141,352 112,568 75,090 20,461 561,544 27.25% 18.44% 13.37% 227,346 268.54 123.54 33.03 15.19 9.00 4.14 2.4700 1.14   15.17% 30-Dec-2011 1.69 0.63 5.12 0.68 19.54% 5.33% 27-Feb-2012 1.73 0.64 5.24 0.70 19.09% 5.20%
31-Dec-2010 24-Feb-2011 31-Dec-2010 4 523,323 121,126 99,221 65,197 17,199 515,977 26.38% 18.96% 12.64% 229,323 228.20 105.90 28.42 13.19 7.50 3.48 2.2500 1.04   -0.65% 30-Dec-2010 1.77 0.78 6.23 0.79 16.06% 4.24% 24-Feb-2011 1.70 0.74 5.98 0.76 16.72% 4.41%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  13 people like this.
 
Sami_Value MFCB also defensive in nature
10/09/2020 3:25 PM
StockLORD pjseow - great summary!
14/09/2020 10:57 AM
BLee A good article for sharing:
https://www.freemalaysiatoday.com/category/leisure/2020/09/16/the-real-purpose-of-investing/
I believed investment/investors in MFCB are long term with very good return. Happy Trading n Happy Malaysia Day.
16/09/2020 8:48 AM
warrantKing if next QR maintain 18sens (Or hit higher 20sens EPS) due to higher utilization rate of hydropower plant .

I believe RM 8-10 will be no problem.

The company can generate more cash flow after they pay off power plant's debts , which might be achieved in 3 to 4 years time.
16/09/2020 4:50 PM
kenken85 today high transaction volume. hopefully this FMR LLC finish disposing then will be nice.
18/09/2020 4:59 PM
gemfinder Huge volume transa ted at 738. I guess fmr selling done. Wil continue uptrend n ctmross rm8
18/09/2020 8:03 PM
pjseow Based on RHB TA ,.the correction is.almost over. I took the opportunity to add more mfcb at between 7.00 to 7.22 in the last 2 weeks.
19/09/2020 7:43 AM
sg999 What rhb TA said?
19/09/2020 1:31 PM
pjseow The rhb.TA said mfcb is in.the process of extending its upward trend . Its next resistances are at 7.65 and 7.85.
19/09/2020 7:09 PM
HumbledInvestor [MFCB] Low Risk High Return? What is the Target Price?

https://klse.i3investor.com/blogs/HumbledInvestor/2020-09-23-story-h1514270535-_Humbled_Investor_MFCB_Low_Risk_High_Return_What_is_the_Target_Price.jsp
23/09/2020 8:05 PM
Lioncity Happily collecting, keep the disposing coming FMR LLC
01/10/2020 1:25 PM
kenken85 still have 24 million share. dont know when can ends. pjseow. can u do DBT with them n sapu their share? haha
01/10/2020 6:29 PM
pputeh https://klse.i3investor.com/blogs/101/2020-10-02-story-h1514417412.jsp
02/10/2020 1:33 PM
Fujisnow The reason why FMR LLC is disposing off the shares:
https://foreignpolicy.com/2020/04/22/science-shows-chinese-dams-devastating-mekong-river/
03/10/2020 9:59 AM
Henry8833 Mkt needs to absorb FMR shares as they are exiting. Also, look like for now its share maybe almost fully valued as it is malaysian mkt, which may only give PE 10, unless it has other catalyst like packaging company far exceeding expectation, or give higher than current dividend yield.
05/10/2020 12:47 PM
Hahaqwe hahahah coming quarter expected to be the best quarter ever. My forecast PAT 90mil as energy factor around 95% and the contribution from limestone and packaging sector! TP1=Rm9.5 TP2=RM12 TP3=RM13.5
05/10/2020 1:12 PM
gemfinder https://klse.i3investor.com/blogs/kianweiaritcles/2020-10-07-story-h1534525477-Vietnam_to_buy_more_electricity_from_neighbours_including_Laos.jsp
07/10/2020 10:11 PM
gemfinder Good,news
07/10/2020 10:11 PM
nicloh I forecast MFCB will become a net cash company within 4-5 years, strong cash flow contribution every year from DG power plant
10/10/2020 5:07 PM
jojo85 Will pass rm 10 like scientx..patient will be paid..
12/10/2020 6:51 PM
sg999 Sleeping。。。。。。。。
12/10/2020 8:42 PM
gemfinder Once fmr holdings less than 5% there wil b no more selling anouncement
13/10/2020 7:47 PM
Lioncity This morning good catching at 7.04, been waiting for few days, thank you FMR
14/10/2020 11:07 AM
Henry8833 They will still sell, just no need to disclose. Surprise they cannot find buyer to buy in block. Sell like this every day is costly. Mean no fund interested to buy? They must pay higher dividend to attract mutual funds.
14/10/2020 11:10 AM
UndukNgadau Me too. Bought at 7.04. Still queuing more at 7.03
14/10/2020 12:03 PM
UPlanet Absolutely right Henry, should propose 50% dividend policy!
14/10/2020 2:48 PM
gemfinder Fmr shareholding oredi below 5%. No more everyday anouncement sell everday
14/10/2020 6:05 PM
sg999 Still got 5% ready to be disposed by FMR????????
14/10/2020 8:09 PM
Joe Ng Fmr sell so many shares but price didnt crash ... u think who buying? Mesti shark lah
16/10/2020 11:17 AM
gemfinder after fmr sell below %, at last the sky is cleared
16/10/2020 4:05 PM
theintinvestor so fast up back...zzz
16/10/2020 4:26 PM
pputeh Waiting for QR before powering on......
16/10/2020 4:58 PM
pinnaclegrade Breakout today ! Long white candlestick + decent volume, target price RM7.50 & beyond !!
16/10/2020 5:20 PM
UPlanet Zzzz What? Still there! Aiyo, long neck to wait for fly over Rm9.00?
16/10/2020 6:34 PM
Lychien20 if new QR EPS is 30 then follow glove TP=100.hahha
16/10/2020 7:23 PM
gemfinder No more disposing news. Very good
16/10/2020 7:32 PM
Choivo Capital I really like MFCB, but fitch just downgraded Laos from B- to CCC

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-laos-to-ccc-23-09-2020

"In addition, the state-owned electricity company, Electricite du Lao (EDL), appears to be coming under increasing financial pressure due a rapid increase in debt-financed investment and near-term cash flow issues resulting from a drought over the past year which weighed on electricity production. Outstanding debt of EDL is about USD5 billion (26% of GDP), as advised by the authorities, much of which consists of on-lending from the government. EDL poses contingent liability risk for the government if EDL is unable to meet its external debt service obligations."

EDL is the guy working with MFCB and paying MFCB for the electricity. If Laos can no longer buy from MFCB (and this is assuming no doubtful debts), can MFCB sell to other countries like vietnam etc fast enough? is the transmission lines for those built up d?
17/10/2020 10:28 PM
gemfinder Tis downgrade took place back in sept. If realy bad news, mfcb px oredi crashed but it wasnt. Dun try to pour cold water
17/10/2020 11:10 PM
BLee @Choivo capital, I also likes MFCB very much. Please refer an old article to debunk your fear...
https://www.theedgemarkets.com/article/mega-firsts-laos-turbine-likely-be-installed-march
Below is an extract of a paragraph from the above article dated around Jan. 2019.
"EDL will pay Don Sahong according to the energy availability and the payments are guaranteed by the Laos’ finance ministry."
In my opinion, any financial problem of EDL shall NOT affect MFCB as payments are guaranteed.

Happy Trading.
18/10/2020 1:05 AM
Choivo Capital l I agree it is guaranteed.

But here's the problem. The transmission lines now are connected only to EDL (unless im mistaken) and not to other providers as well. Which means that for now, only EDL can buy, no one else can buy from MFCB, for now.

Secondly, payments are in USD not Laotian Kip, if EDL no money, means no money, where to find USD?

Third, EDL already owes outside USD5bil.

I would keep track on the receivables if i were you.

Unless ofc, the transmission lines can sell to Cambodia directly, and the amounts paid by Cambodia goes direct to MFCB pocket.
18/10/2020 5:08 PM
pinnaclegrade I think there is nothing to worry about, if you read the Fitch commentary fully..
it also states:

" A recently announced joint venture between EDL and China Southern Power Grid Co., Ltd (A+/Stable) should boost investment in the electrical transmission network, which has increasingly become a bottleneck for increasing electricity exports."
18/10/2020 6:04 PM
Choivo Capital Hmm probably, the new 500kv line direct to cambodia via EDL means they can supply cambodia, i just wonder who collect on their behalf.

At only 75% efficiency so far, i think still got long way to go.

But man, we must really account for the possible risk something happen to EDL, which has increased somewhat.
18/10/2020 9:05 PM
pjseow Out of 260 mw, 195 mw is sold to Cambodia ,balance is sold to Laos . There was a seperate line connected to combodia。EDL is like TNB.of malaysia. So far I have not heard TNB do not pay their IPP s even when.TNB were in the red . IF EDL do not pay, mfcb can just shut off the transmission. EDL cant give the stupid.excuse of no money when they collect money from their consumers and make a profit out of it .
18/10/2020 9:43 PM
BLee @Choivo Capital, I think you missed the wording will 'pay on energy availability', which means no matter can or cannot sell, needs to pay and guaranteed by the Laos' Finance Ministry. MFCB gapped up on open trading, assume non-issue..Happy Trading.
19/10/2020 9:24 AM
roger1138 QR must be very good.
19/10/2020 9:29 AM
Henry8833 I think Choivo got a point. We need to monitor the receivables, which is more than RM 200m in quarter ended 30 June 2020. It is higher than the quarterly sales, means more than 3 months turnover days. I don't know the whether it is normal or not. Any one has idea on payment term?
19/10/2020 2:17 PM
Henry8833 Country risk. Could this be the reason fmr selling every day?
19/10/2020 2:44 PM
BLee @Henry8833, Extract from MFCB Q2(June) 2020 report for your information.
"Receivables of 215,938,000 - Increase mainly due to increase in trade receivable from EDL on higher energy sales. The average receivable turnover of EDL is 3-4 months."
Sometime increase in Receivable is good as it show expansion of business.
Happy Trading
19/10/2020 3:19 PM
Henry8833 Thank you BLee for info. Let monitor this in the coming quarter to see whether it continued to increase and maintain at 3-4 months turnover day.
19/10/2020 3:37 PM
amet2017 After price up suddenly become active this forum.
19/10/2020 7:15 PM