KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
7.40   +0.17 (2.35%)  7.23 - 7.40  882,400
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News & Blogs

Date Subject
02-Oct-2020 MEGA FIRST(3069)美家第一还是那么美吗? 【 完】(MFCB (3069) still looks attractive after earning normalised?)【full】
23-Sep-2020 [Humbled Investor] MFCB: Low Risk High Return? What is the Target Price?
15-Sep-2020 Trading Stocks - Mega First Corporation
04-Sep-2020 Mega First Corporation - Widening Business Scope
02-Sep-2020 2Q 2020 Result Round-Up - Another Weak Quarter
22-Aug-2020 (Tradeview 2020) Long Term Value Pick 4 - Mega First Corporation Bhd. (The Power Player with Continuous Growth Story)
21-Aug-2020 Mega First Corporation- Riding on Higher Capacity Factor
21-Jul-2020 (TapDance) Low Risk High Return (4) - MFCB
13-Jul-2020 Mega First Corporation- Not Resting On Laurels
01-Jul-2020 Power - No Electricity Surcharge For 2H20
29-Jun-2020 Malaysia 2H 2020 - The Great Expectation
24-Jun-2020 Trading Stocks- Mega First Corp
24-Jun-2020 美佳第一 阻力RM6.57
16-Jun-2020 Daily Technical Highlights – (AIRASIA, MFCB)
09-Jun-2020 Mega First Corporation- Key Takeaways From Conference Call
30-May-2020 热门股:美佳第一上挑RM7.30
29-May-2020 Mega First Corporation- Off To A Good Start
29-May-2020 Mplus Market Pulse - 29 May 2020
20-May-2020 Trading Stocks- Mega First Corporation
20-May-2020 热门股:美佳第一上挑RM5.96
08-May-2020 Trading Stocks - Mega First Corporation
27-Apr-2020 Trading Stocks - Mega First Corporation
07-Apr-2020 Trading Stocks - Mega First Corporation
06-Apr-2020 [转贴] 数据为王#1 MFCB (3069) - ct-boyinvestment
03-Apr-2020 Mega First Corporation - Business Remains Solid
28-Mar-2020 热门股:美佳第一上挑RM4.74
27-Mar-2020 Trading Stocks - Mega First Corporation
17-Mar-2020 Stocks on Radar - Mega First Corporation (3069)
13-Mar-2020 Trading Stocks - Mega First Corporation
03-Mar-2020 4Q 2019 Result Round-Up - Caution Ahead
27-Feb-2020 Trading Stocks - Mega First Corp
26-Feb-2020 Mega First Corp. - a Strong Finish
26-Feb-2020 Mega First Corporation - Maiden Energy-Related Earnings
26-Feb-2020 Mplus Market Pulse - 26 Feb 2020
25-Feb-2020 Malaysia 2020 - Back From The Brink?
06-Feb-2020 Trading Stocks - Mega First Corporation
31-Jan-2020 Trading Stocks - Mega First Corp
21-Jan-2020 COMMENTS ON MEGA FIRST CORP BHD (3069) - louisesinvesting
16-Jan-2020 MFCB - Begins Transmission To Cambodia
13-Jan-2020 [转贴] Fb Live : 浅谈Right Issue 之MFCB - Harry
12-Jan-2020 [转贴] [Facebook live video:浅谈Mega First Corp Bhd (MFCB)] - James的股票投资James Share Investing
11-Jan-2020 热门股:美佳第一上挑RM5.73
30-Dec-2019 美佳第一WA低成本参与增长 母股重返90年代辉煌期/温世麟硕士
23-Dec-2019 Edge Weekly Lead Story: Stocks that are undervalued by the market
19-Dec-2019 Stocks on Radar - Mega First Corporation (3069)
12-Dec-2019 Trading Stocks - Mega First Corporation
12-Dec-2019 Daily technical highlights – (MFCB, AEONCR)
20-Nov-2019 [转贴] [MEGA FIRST CORP BHD:Électricité du Laos(“ EDL”)通往老挝/柬埔寨边界的500KV旁路传输线以及Electricite Du Cambodge(“ EDC”)] - James的股票投资James Share Investing
19-Nov-2019 Mega First Corp. - Expecting a Bumper 4Q19
19-Nov-2019 MEGA FIRST CORPORATION - Time to Monetise Don Sahong Hydropower
19-Nov-2019 Mplus Market Pulse - 19 Nov 2019
14-Nov-2019 Mega First Corporation - Shifting Into Commercial Operation
14-Nov-2019 Mplus Market Pulse - 14 Nov 2019
06-Nov-2019 Trading Stocks - Mega First Corporation
06-Nov-2019 Daily Technical Highlights – (MFCB,GENTING)
06-Nov-2019 上升股:美佳第一阻力RM4.68
06-Nov-2019 【视频】美佳第一 寮国电业渐入佳境
04-Nov-2019 MEGA FIRST CORPORATION - Waiting To Reap Gains
Analyze this stock with MQ Trader system

  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:
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?

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:
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


"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...
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

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