Posted by HengyuanZai > 2022-07-12 11:53 | Report Abuse

don't worry, you will doubt your fundamentals soon

Posted by HengyuanZai > 2022-07-12 11:54 | Report Abuse

don't have to feed me .. I alrdy told my friends to sell at peak

Posted by HengyuanZai > 2022-07-12 12:30 | Report Abuse

concession can be terminated anytime, especially if a country goes into default

Posted by Just88 > 2022-07-12 16:06 | Report Abuse

The sovereign risk is real. It is very difficult to remain absolutely confident especially if you have a large investment in MFCB. No one including the management can tell you that it is absolutely safe now.

Posted by HengyuanZai > 2022-07-12 16:53 | Report Abuse

just88 I've seen many "gurus" out there hard selling mfcb fundamental . so no doubt many people have bought large amlunt of shares in this company. I'm always against the herd. good luck

Posted by Just88 > 2022-07-12 17:13 | Report Abuse

HengyuanZai, earnings from DSH is certain and sustainable. However, too dependent on one source of income is risky. DSH is solid under normal circumstances but Laos' currency has dropped substantially recently raising the question of earnings security. If Laos goes bankrupt like Sri Lanka, Laos is likely to delay payments to DSH.

Posted by newbie8080 > 2022-07-12 17:33 | Report Abuse

Everyone is speculating many things here.
Anyway, every 3 months will have quarterly results.
Any delay will be easily reflected and spotted in the quarter result since DSH earnings represent almost 50% of total revenue.

Posted by BursaVulture > 2022-07-12 18:45 | Report Abuse

Just88, if I am not mistaken, 90% of their profit is from Hydro, which explains the low valuation because of the concentration and investor view this as risky. but the reward will be how they use the profit and diversify into other business.

as for their earnings from hydro, it is 90% in USD and 10% in Laos Kip. All paid by Cambodia gov. As the contract mentioned, all money must be paid to DSH, no amount can be utilized by EDL for other reason than to pay DSH first. This means if Laos goes kaput, DSH will still receive the payment as the cambodian gov guarantees it.

Posted by HengyuanZai > 2022-07-12 20:41 | Report Abuse

I would say certain and sustainable with things I can't see with naked eyes . all we can see is just numbers and papers .diversify into other business .. so exactly what sector to classify them ? even banker see no valuation in this stock

Posted by HengyuanZai > 2022-07-12 20:41 | Report Abuse

wouldn't *

Posted by BursaVulture > 2022-07-12 20:50 | Report Abuse

HengyuanZai, this is why I said it is a high risk stock with high reward. They are diversifying, and it will take time. If they managed to diversify, then you will be rewarded handsomely, if they failed, then you lose. simple. so, no need you to lecturer the investor and bankers, everybody knows this.

Posted by BursaVulture > 2022-07-12 20:52 | Report Abuse

It is impossible to build another new hydro, the growth have to come from other businesses. dont expect much earnings growth until 2026.

Posted by HengyuanZai > 2022-07-13 12:26 | Report Abuse

the herd still confident with this stock.. wait till they lose hope only enter

Posted by BursaVulture > 2022-07-13 19:46 | Report Abuse

HengyuanZai, people like you that talk bad about a certain stock thinks they can influence the price by commenting on i3. I find this amazing, reminds me of those in TopGlove and Serba. If your comment can move the market, then something is wrong with this market.

If you want to buy, just buy and keep quiet.

Posted by HengyuanZai > 2022-07-13 23:28 | Report Abuse

lol the amount of active users in i3 has decreased drastically over the years. back then during trump era this forum is active like crazy..

Posted by LongTermInvestor8 > 2022-07-14 01:11 | Report Abuse

How Singapore imports electricity fron Laos via Thailand & Malaysia [The Strait Times]

https://i.redd.it/kjygtqjst3b91.jpg

Posted by plantationgameover > 2022-07-14 20:28 |

Post removed.Why?

Posted by newbie8080 > 2022-07-15 09:51 | Report Abuse

Laos Pushes Forward With Seventh Mekong River Dam Project
https://thediplomat.com/2022/04/laos-pushes-forward-with-seventh-mekong-river-dam-project/

Posted by LongTermInvestor8 > 2022-07-16 01:19 | Report Abuse

Why China Can't Let Laos Default

https://menafn.com/1104535265/Why-China-Cant-Let-Laos-Default

Answer: Location. Just like how China will not let North Korea collapse and by hook by crook will supply all the necessary things to the NK gov. The last thing China wants is a USA puppet state with missiles and military base along her borders. NK and Laos are buffer states, just like how Ukraine is Russia's buffer state. The other is China wants to link the high speed railway from Southern China all the way to Singapore. Laos is the gateway, now waiting for Thailand and Malaysia to join if both countries agree to do so, Singapore will just tag along as there are no railway lines to be build in their country, probably 1KM or 2KM or railway lines, more like a station, that's all.

Posted by jonathan_k > 2022-07-27 15:54 | Report Abuse

How is it now?

Posted by snowball2000 > 2022-07-28 09:59 | Report Abuse

stabilised?

Posted by HengyuanZai > 2022-08-01 23:16 | Report Abuse

not yet, next month...

Posted by jonathan_k > 2022-08-03 09:43 | Report Abuse

waiting

Posted by jonathan_k > 2022-08-16 17:25 | Report Abuse

Another post qr briefing coming

Posted by snowball2000 > 2022-08-16 19:10 | Report Abuse

QR on 18/8/22..

Posted by newbie8080 > 2022-08-17 10:16 | Report Abuse

Mega First Corporation Berhad (“MFCB”) will be releasing its 2nd Quarter ended 30 June 2022 results after the market closes at 5.00 p.m. on 18 August 2022. A post results briefing will be held on 18 August 2022 at 6.00 pm. which is open to all shareholders and interested parties.

For those who are interested to participate in the briefing, please register by clicking the link below:

http://us06web.zoom.us/webinar/register/WN_xU44TyVNSUiyRLPmrJyY6w


This announcement is dated 16 August 2022.

Posted by jonathan_k > 2022-08-18 10:38 | Report Abuse

Add abit first

Posted by jonathan_k > 2022-08-18 10:38 | Report Abuse

Today qr

Posted by snowball2000 > 2022-08-18 18:02 | Report Abuse

Excellent QR, profit attributable to shareholders increased by 15.5% QoQ!

Posted by snowball2000 > 2022-08-18 18:03 | Report Abuse

Interim single tier dividend of 3.6sen declared, vs. 3.25sen in previous year..

Posted by snowball2000 > 2022-08-18 18:08 | Report Abuse

"Trade receivable turnover for EDL remains within the normal range of 4-5 months."

Posted by snowball2000 > 2022-08-18 18:11 | Report Abuse

Investment in quoted shares, however, suffered 61.57million in fair value loss.... :(

Posted by snowball2000 > 2022-08-18 18:13 | Report Abuse

"We do not expect Lao's weak fiscal position, relatively high public debt and low foreign exchange reserves to significantly affect Don Sahong's trade receivable collection from EDL."

Posted by snowball2000 > 2022-08-18 18:16 | Report Abuse

"The Group's net debt declined 29.6% or RM154.1 million from RM520.2 million at the beginning of the year to RM366.1 million at the end of the reporting period."

Posted by snowball2000 > 2022-08-18 18:18 | Report Abuse

Appreciate it if anyone can update on info gathered from investor online briefing. Thanks!

Posted by DannyArcher > 2022-08-19 08:27 | Report Abuse

Ssttoocckkbbiitt got updates, but this name and url banned by i3. Go to st0 ckbit website to download the notes

Posted by snowball2000 > 2022-08-19 09:24 | Report Abuse

Noted TQ.

Posted by jonathan_k > 2022-08-19 14:49 | Report Abuse

Looking good. Continue

Posted by nickinvests > 2022-08-22 04:13 |

Post removed.Why?

Posted by newbie8080 > 2022-08-23 09:40 | Report Abuse

Expected Q4 dividend to reach 3.8c
Expected total for 2022 will be 7.4c

At 10% dividend growth per annum,
Expected total dividend for 2023 will be 8.1c
Expected total dividend for 2024 will be 9c
Expected total dividend for 2025 with 5th turbine contributing additional 20% capacity, will be 11.9c

Any thoughts?

Posted by BatteriesNotIncluded > 2022-08-29 18:44 | Report Abuse

MFCB biggest problem is Laos, people are afraid of Laos going kaput. The other thing is most of their business are partnership or have an end-time to it, like the plantation and hydro will expire in X years time. What MFCB should do is use the money to buy up some plantation to generate more cash, building another hydro is not a good move as it will take too many years. Anyway, who am I to tell them what to do, they are smarter, I'll just invest and wait, hopefully more good news.

Posted by newbie8080 > 2022-08-30 14:35 | Report Abuse

@BatteriesNotIncluded
Don Sahong took 4 years to built the 4 turbines, is given 25 years to operate before transferring to owner.
With cost to built at RM1.7 bil, this hydropower able to generate at least RM459mil cashflow per annum based on 80% of the 256MW at USD6 cent kwh.
By the way, plantation PAT% for most efficient planter range between 10%-15% due to fertilizer cost, labour,etc. These input cost tend to increase overtime as compared with hydropower where water is free resources and able to attain PAT% of 50% to 60% if the management cost control is good.

Posted by DannyArcher > 2022-08-30 17:54 | Report Abuse

Am not sure when don sahong was proposed, maybe in 2003 or 2004, environmental report for the dam was completed in 2006, construction starts around 2015 and completed in 2019. From proposal to generating power took almost 15 years. So, building a new dam is really out of the question.

Posted by jamestecs > 2022-10-07 09:49 | Report Abuse

SHHHH... This is undervalue company.

Posted by HengyuanZai > 2022-10-13 18:44 | Report Abuse

3.15 .. next 3.00 , Then to 2.5 in long term

Posted by snowball2000 > 2022-10-26 15:16 | Report Abuse

3.32.. next 3.40, Then to 4.00 in the long term..... ;)))

Posted by InsiderShark > 2022-10-26 15:31 | Report Abuse

Malaysia, Singapore complete electricity interconnector upgrade

"In addition to mutual support, the interconnector is currently used for cross-border power trade under the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). The LTMS-PIP imports up to 100 megawatts (MW) of renewable hydropower from Lao PDR to Singapore via Thailand and Malaysia using existing interconnections," the EMA said.

https://www.theedgemarkets.com/article/malaysia-singapore-complete-electricity-interconnector-upgrade

Posted by snowball2000 > 2022-10-26 15:33 | Report Abuse

Good news in support of MFCB's business!!!

Posted by snowball2000 > 2022-11-17 18:04 | Report Abuse

Good QR, another sterling quarter! Earlier fear of Laos' receivables seem to be overblown. Time to fly?

Posted by newbie8080 > 2022-11-17 18:59 | Report Abuse

Earnings already expected to do well in the last 1-2 quarters with heavier rain fall till end september.
Probably, market sentiment is gloomy.