Highlights
KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
7.02   +0.08 (1.15%)  6.93 - 7.02  640,300
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Financials


Market Cap: 3,469 Million

Market Cap 3,469 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-Sep-2020 [#3]

Latest Quarter: 30-Sep-2020 [#3]
Announcement Date 19-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 25-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   10.05%  |    512.08%

Annual (Unaudited) ( EPS: 31.10, P/E: 22.58 )

Revenue | NP to SH 701,933  |  153,668
RPS | P/RPS 142.04 Cent  |  4.94
EPS | P/E | EY 31.10 Cent  |  22.58  |  4.43%
DPS | DY | Payout % 4.88 Cent  |  0.70%  |  15.71%
NAPS | P/NAPS 3.08  |  2.28
YoY   18.88%
NP Margin | ROE 25.13%  |  10.11%
F.Y. | Ann. Date 31-Dec-2019  |  25-Feb-2020

T4Q Result ( EPS: 63.02, P/E: 11.14 )

Revenue | NP to SH 748,686  |  311,414
RPS | P/RPS 151.50 Cent  |  4.63
EPS | P/E | EY 63.02 Cent  |  11.14  |  8.98%
DPS | DY | Payout % 10.10 Cent  |  1.44%  |  16.03%
NAPS | P/NAPS 3.61  |  1.94
QoQ | YoY   31.66%  |    206.33%
NP Margin | ROE 49.00%  |  17.44%
F.Y. | Ann. Date 30-Sep-2020  |  19-Nov-2020

Annualized Result ( EPS: 61.58, P/E: 11.40 )

Revenue | NP to SH 737,540  |  304,317
RPS | P/RPS 149.25 Cent  |  4.70
EPS | P/E | EY 61.58 Cent  |  11.40  |  8.77%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   9.68%  |    223.78%
NP Margin | ROE 48.51%  |  17.04%
F.Y. | Ann. Date 30-Sep-2020  |  19-Nov-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 2 / 4 50.00% 2 / 8 25.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Adjusted EPS Growth 2 / 4 50.00% 2 / 8 25.00%
Total Dividend Years 2 / 4 50.00% 3 / 8 38.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 4.70% 3.27%
Average Net Profit Margin 48.66% 31.98%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Years Of Adjusted Dps Growth 2 / 5 40.00% 2 / 10 20.00%
Average ROE 10.32% 10.74%
Average Net Profit Margin 19.64% 18.34%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 748,686 737,540 701,933 674,669 735,267
NP to SH 311,414 304,317 153,668 95,843 123,255
Dividend 49,912 35,895 24,136 17,870 18,118
Adjusted EPS 63.02 61.58 31.10 19.39 24.94
Adjusted DPS 10.10 7.26 4.88 3.62 3.67

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 16.53% 68.28% 9.23% 12.84% 14.48%
NP to Owner 10.05% 512.08% 223.78% 14.96% 73.34%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS 10.05% 512.08% 223.78% 14.96% 73.34%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 6.66% 1.82% 10.97% 5.07% 0.31% 9.32% -19.70% -4.53% 4.04%
NP to Owner 102.65% 152.66% 224.92% 98.04% 146.90% 217.51% 18.88% 24.67% 60.33%
Dividend 106.79% 175.48% 179.31% - % - % - % 53.29% 33.22% 35.07%
Adj. EPS 102.65% 152.66% 224.92% 98.04% 146.90% 217.51% 18.88% 24.67% 60.33%
Adj. DPS 106.79% 175.48% 179.31% - % - % - % 53.29% 33.22% 35.07%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  13 people like this.
 
amet2017 Movement is like negative earnings company.. Hehe
30/12/2020 5:08 PM
Fklim888 RM7 is coming .
30/12/2020 6:55 PM
Jeevag fuyoh RM10
30/12/2020 11:15 PM
Jeevag Fast in guys. huat Huat Huat!!!
30/12/2020 11:15 PM
Newbie5899 window dressing???
31/12/2020 10:34 AM
bluelight time to fry lor
31/12/2020 10:39 AM
Fklim888 wow... hit rm7 cheers lol
31/12/2020 11:12 AM
kai8994 Either Fidelity is on holiday or they sold off all their shares. Hopefully is the latter :)
31/12/2020 4:11 PM
bluelight Guess most of the fund manager clear their stock at end of the year
31/12/2020 5:17 PM
linjie Year 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
pputeh Finally the write up has opened eyes. Soon it will be 7.50
04/01/2021 12:33 PM
winlast take a break tomorrow keep on moving forward
05/01/2021 4:44 PM
andr BBB
06/01/2021 11:13 AM
Calvin882 Currently better focus on companies which doesn't affected by MCO. MFCB is one of those.
09/01/2021 10:15 AM
treasurehunt Mekong water disruption in short term.

https://thediplomat.com/2021/01/china-belatedly-notifies-mekong-nations-of-river-disruption/
09/01/2021 10:20 AM
DonWorryBeHappy Bought some 6.68
12/01/2021 4:08 PM
Fklim888 Rm7.30 look forward... immediate
14/01/2021 10:55 AM
Fklim888 Rm7.30 look forward... immediate
14/01/2021 10:55 AM
StrongMan81 zzzzz......
14/01/2021 3:10 PM
sg999 @fklim888 6.3 is it?
15/01/2021 11:07 AM
Fklim888 rm6.30 sure onot lol
15/01/2021 12:03 PM
sg999 As you can see coming down.
15/01/2021 12:43 PM
DonWorryBeHappy Hahahaha maybe back to 6.3 then shoot to 7.3 long term 10.3
15/01/2021 5:38 PM
sg999 6.3 coming
18/01/2021 10:21 AM
StrongMan81 ZZZZzzzzz......
18/01/2021 10:24 AM
MCDIDDY No liquidity, bonus issue la
18/01/2021 12:44 PM
pjseow Public invest latest report re iterated tgt price of rm 8.62. For the first time , Public invest highlite the potential 50 years concessions of about 10000 ha coconut plantation owned by mfcb.
19/01/2021 9:17 AM
linjie don't forget that's 5th turbine and LSS4 result out soon, also packaging business grow 100%
19/01/2021 10:10 AM
bluelight share price stagnant more than 6 months
19/01/2021 11:35 AM
linjie LSS4 bid result around the corner
19/01/2021 11:38 AM
pinnaclegrade Seems to me the market only value the power segment, while ignoring the packaging, resources & property side
19/01/2021 1:11 PM
winlast go go up up rm 8above as forecast by public investment bank
19/01/2021 3:14 PM
pinnaclegrade MFCB also has solar division via Pekat Teknologi & MFP Solar.. a true laggard amongst the solar Biden rally
19/01/2021 3:17 PM
pjseow Based on public invest latest report, the share price of mfcb is at PE 9x of forward earning. This valuation is unappreciated based on tindustry PE of 14x. There is an upside of 35 %.The Don Sahong power plant also expect the highest availability factor for Q4 2020 which is the wettest qtr.At the point of writing this comment, the share price has risen 28 sen to 7.00,
19/01/2021 4:09 PM
Fklim888 Lets break again rm7.... lol
19/01/2021 5:39 PM
RainT READ
19/01/2021 6:48 PM
sg999 Back to 6.5 again.
19/01/2021 9:10 PM
cygoh1 price lagging due to shares float and clear dividend payout policy.
19/01/2021 10:01 PM
winlast tomorrow continue going up highet
19/01/2021 11:30 PM
RainT Back to 6.00 please
20/01/2021 12:41 PM
linjie back to 5 please
20/01/2021 5:12 PM
sg999 Back to 3 please.
20/01/2021 9:14 PM
cygoh1 recently can see the strong support at rm6.9 ..hopefully price will be uptrend soon before result released
21/01/2021 6:05 PM
i3john2tan Dunno who keep buy higher price when closing , and these few days keep do small volume short selling
21/01/2021 7:50 PM
linjie maybe some ppl already know insider news and keep accmulate
21/01/2021 10:08 PM
Calvin882 Looking good
22/01/2021 5:47 PM
Bullish2021 Stale bull already ...stock in deep slumber , may be comatose...
23/01/2021 6:37 PM
TailWagsDog Will break new high within 2 weeks.
24/01/2021 1:47 PM
sg999 Target how much???
24/01/2021 9:46 PM
Jilohhuat Tp 8.62 by PB
24/01/2021 9:58 PM