Highlights
KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
7.17   -0.09 (1.24%)  7.10 - 7.30  856,800
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening - - -
Closing - - -
Price
Issue Price - - -
Par Value 0.000 - -
Units - - -
No of Shares
Public Issue - - -
Offer for Sale - - -
Private Placement - - -
Time Table
Allotment Date - - -
Listing Date - - -
Issuing House - - -
ISIN Code - - -
Prospectus:
RENOUNCEABLE RIGHTS ISSUE OF 157,048,290 NEW ORDINARY SHARES OF RM1.00 EACH IN MEGA FIRST CORPORATION BERHAD ("MFCB") ("MFCB SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.59 PER RIGHTS SHARE, WHICH CAN BE SUBSCRIBED FOR AT USD0.38 PURSUANT TO THE SUBSCRIPTION OPTION, TOGETHER WITH 67,306,410 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF SEVEN (7) RIGHTS SHARES FOR EVERY TEN (10) MFCB SHARES HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 11 MARCH 2016 AND THREE (3) WARRANTS FOR EVERY SEVEN (7) RIGHTS SHARES SUBSCRIBED FOR
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  13 people like this.
 
Lychien20 liew
28/08/2020 7:00 AM
Togetherweearn Just curious I am pretty new to share market, what are the differences between this company than the rest of utility players? Company like YTL Power and Malakoff ? Share price is so big different. Market cap is also smaller for MFCB.
28/08/2020 4:32 PM
terence775 Management, projects, scope of work, business model for their projects, and so on.
28/08/2020 5:26 PM
terence775 Among the 3 you mentioned, MFCB is the smallest company. Don't be misled by the share price being so high.
However, among the 3, MFCB has shown the most prudent management and capability to execute works to generate strong income sources.
28/08/2020 5:27 PM
terence775 Actually, what do you want to know when you are asking for differences?
28/08/2020 5:30 PM
pjseow Earning per share or eps is the most important factor driving sgare prices although there are other important factors like earning growth, cash flow, ROE, dividend yield .If you compare the eps of mfcb with ytl and malakoff, you can see a world of difference . mfcb eps is between 15 to 20s per.qtr whereas the others are between less than 1 sen to 2 sen in the last one year
28/08/2020 6:11 PM
JayC88 yo terence775, fancy seeing you here! huat together with MFCB :)
28/08/2020 9:35 PM
brendonyeap Buy as much as possible. The IV for MFCB RM 12.50
29/08/2020 11:51 AM
brendonyeap Buy as much as possible. The IV for MFCB RM 12.50
29/08/2020 11:51 AM
probability I missed the below article on MFCB earlier:

https://klse.i3investor.com/blogs/tradeview/2020-08-22-story-h1512480318-_Tradeview_2020_Long_Term_Value_Pick_4_Mega_First_Corporation_Bhd_The_P.jsp
31/08/2020 12:01 PM
probability BNM seen making final 25bps OPR cut as early as September — DBS

August 31, 2020

https://www.theedgemarkets.com/article/bnm-seen-making-final-25bps-opr-cut-early-september-%E2%80%94-dbs
31/08/2020 3:10 PM
terence775 Hi Jay :)
01/09/2020 10:07 AM
simonc hi, anyone knows why and who is this big insider FMR LLC selling non stop large blocks? how is the share gonna move up with these heavy selling?
01/09/2020 7:17 PM
LoneWolf88 Institutional shareholders for MFCB:
Fidelity Management & Research Co. LLC as of 25 Aug 2020 30.57m 6.23%
FIL Investment Management (Singapore) Ltd. as of 30 Jun 2020 4.51m 0.92%
Dimensional Fund Advisors LP as of 30 Jun 2020 4.25m 0.87%
AIA Bhd.as of 13 May 2020 2.52m 0.51%
Affin Hwang Asset Management Bhd. as of 13 May 2020 1.84m 0.38%
PMB Investment Bhd.as of 30 Jun 2020 1.69m 0.34%
Maybank Asset Management Sdn. Bhd. as of 31 May 2020 1.24m 0.25%
BlackRock Fund Advisors as of 05 Aug 2020 1.05m 0.21%
Pheim Asset Management Sdn. Bhd.a s of 30 Jun 2020 731.05k 0.15%
AmFunds Management Bhd. as of 31 May 2020 517.60k 0.11%
01/09/2020 11:03 PM
Lychien20 come come , hit new high today
02/09/2020 9:38 AM
Togetherweearn FMR still selling huh?
02/09/2020 11:37 AM
Karlos "Laos faces sovereign default as forex reserves dip below $1bn": Todays heading in FT.
03/09/2020 11:26 AM
Karlos That may explain FMR LLC selling out.
03/09/2020 11:28 AM
Karlos Laos faces a growing risk of debt distress and sovereign default, according to credit rating agencies and economic advisers, as coronavirus and a debt-laden power sector take their toll on one of Asia’s poorest countries.
03/09/2020 11:33 AM
Karlos Even other insiders were selling!
03/09/2020 11:48 AM
Dawson90 Laos no need to use electricity meh? Imagine you live in darkness without a fan during monsoon season. Keep keep keep
03/09/2020 12:22 PM
Newbie5899 https://www.ft.com/content/dc3f5981-4fd9-4e3a-9824-5b9ddf70735e
03/09/2020 4:59 PM
pjseow 80 % of Don Sahong electricity is sold to cambodia which run.short of electricity for the next few years due to rapid developments from chinese investors.
03/09/2020 9:46 PM
pputeh Thanks pjseow. So does MFCB sell any electricity to Laos? 80% Cambodia and 20 % to ??. Where do I check this out. Thanks
03/09/2020 10:07 PM
probability thanks for the info pjseow
03/09/2020 10:09 PM
pjseow pputeh, you can check from one of the public invest report in 2019. Either q2 or q3 report. MFCB had to construct a special.transmisiion line from Don Dahong to Cambodia for the sale of electricity to cambodia. The balance is.used by Laos goverment . In fact Laos government make some money from the mark up .of 6.15 cts to 7.00 cts per kwh from the electricity dale to cambodia
04/09/2020 12:39 AM
pjseow pputeh, you can read the public.invest report dated 16th jan 2020 titled Begin transmission to cambodia . The Laos givernment sell 195 MW to cambodia at 7.29 cts Per kwh while the balance 65 MW is used in Laos . Laos government buy at a rate of 6.15 cts from MFCB.
04/09/2020 12:57 AM
Karlos Laos government sells the power from Don Sahong, not the IPP itself. The IPP will receive payments from Laos not Cambodia.
04/09/2020 7:25 AM
pjseow Karlos, the.company Electricite du Laos ( like TNB equivalent) will buy electricity from IPP Don Sahong power plant and sell it to Cambodian TNB equivalent. It is company to company dealings . Nothing to do will Laos national debts . TNB will continue to pay its IPP regardless of how big is our malaysian government debts. I dont see any linkage of Don.Sshong.IPP with Laos national debts.
04/09/2020 8:57 AM
pputeh Gd Morning pjseow. Thanks for info and how the equivalent of TNB is selling the power to the Cambodian govt directly. Much obliged. Misinformation leads some to have wrong perception
04/09/2020 9:39 AM
pputeh https://www.reuters.com/article/mekong-river-cambodia/don-sahong-hydropower-dam-in-laos-connects-to-cambodian-grid-idUSL4N29D3JC
04/09/2020 9:45 AM
gemfinder pjseoq, u r damn correct.public invest upgrade tp 8.58
04/09/2020 12:01 PM
terence775 Retracement quite harsh
04/09/2020 4:41 PM
steady31 Did you guys notice MFCB revise the agreement to lease land from the Perak government to accomodate 2 units of 50MW solar projects which they are hopeful of getting under LSS4 tender by year end 2020.If they are successful MFCB will fly above 9.00
04/09/2020 6:56 PM
pputeh https://klse.i3investor.com/servlets/ptres/56877.jsp
04/09/2020 8:26 PM
Newbie5899 what's going on today? why does price keep dropping?
08/09/2020 11:08 AM
Minagrace From last week top already drop 12% in 6 trading days. Buy some today below 7.
08/09/2020 6:14 PM
Kok Heng This FMR LLC keep disposing
09/09/2020 5:37 PM
UPlanet Good counter no worry bro. Look at the profit margin, ~45%, how well it can grow in future?
09/09/2020 8:15 PM
pjseow The price drop is due to general poor market sentiments . If you look at the earnings of last five years, mfcb has an CAGR of 29 % which.is superb . If you look at last 15 years, it has an earning CAGR of 15 %. Compare with Malakoff which has negative earning growth in the last 5 years, mfcb deserve a.higher PE than malakoff which is between.12 to 15.While.the DS power plant provide consistent earning in.the next 25 years, the solar , resource , label and packaging businesses will provide growth in futurrs.
09/09/2020 9:38 PM
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


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