KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
6.95   -0.15 (2.11%)  6.88 - 7.10  2,074,200
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Technical Indicators

Date: Oct 30, 2020 Price: 6.95

Simple Moving Average
10 20 30 40 50 60 90 120 200 250
SMA 7.225 7.158 7.168 7.199 7.241 7.175 6.93 6.698 5.979 5.746
Variance -0.275 -0.208 -0.218 -0.249 -0.291 -0.225 0.02 0.252 0.971 1.204
Variance(%) 4% 3% 3% 3% 4% 3% 0% 4% 16% 21%
**Variance - Comparison between stock price and moving average.
Exponential Moving Average
10 20 30 40 50 60 90 120 200 250
EMA 7.155 7.171 7.166 7.141 7.099 7.049 6.85 6.667 6.169 5.903
Variance -0.205 -0.221 -0.216 -0.191 -0.149 -0.099 0.10 0.283 0.781 1.047
Variance(%) 3% 3% 3% 3% 2% 1% 1% 4% 13% 18%
**Variance - Comparison between stock price and moving average.
Relative Strength Index
9 14 25
RSI 22.973 42.991 45.399
**>70 is overbought while <30 is oversold.
William %R
9 14 25
%R -88.71% -88.71% -88.71%
**>-20 is overbought while <-80 is oversold.
Money Flow Index
9 14 25
MFI 15.115 25.842 36.295
**>80 is overbought while <20 is oversold.
Rate of Change
21 63 125 250
ROC -3.203% 8.424% 47.872% 58.314%
**>8% is overbought while <-8% is oversold.
Percentage Price Oscillator
5,35,5 12,26,9
PPO -0.685 -0.126
Signal 0.301 0.154
Variance -0.986 -0.28
Variance(%) 328% 182%
**Variance - Comparison between PPO and signal line.
Moving Average Convergence-Divergence
5,35,5 12,26,9
MACD -0.049 -0.009
Signal 0.022 0.011
Variance -0.071 -0.02
Variance(%) 323% 182%
**Variance - Comparison between MACD and signal line.
Stochastic Oscillator (Fast)
14,3 18,9
%K 11.29 11.29
%D 18.657 41.68
**%D >80 is overbought while %D <20 is oversold.
Stochastic Oscillator (Slow)
14,3 18,9
%K 18.657 41.68
%D 28.441 41.433
**%D >80 is overbought while %D <20 is oversold.
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  13 people like this.
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
sg999 Engine rosak....
28/10/2020 11:40 AM
pinnaclegrade strong support at RM 7
30/10/2020 1:02 PM
gemfinder luckily run 50% at 7.40
30/10/2020 4:34 PM
Lioncity Good trading range between 7.00-7.50 while waiting for next qtr report. Today queued 6.91 and matched.
30/10/2020 7:12 PM
sg999 Next week can get rm6
31/10/2020 11:46 AM

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