Posted by Choivo Capital > 2024-02-25 22:25 | Report Abuse

Through my many interactions with them, i have a strong confidence in their thought processes and business thinking, so its quite likely they have found a way to do it very well, likely via certain fruits/vegetables/herbs, that have very different margin profile etc, due to different methods of growth, geographic constraints, supply/demand mismatch etc.


BursaVulture

To be honest, I am not a fan of indoor farming or vertical farming or whatever they call it. Most greenhouse farming simply doesn't work. I am still holding MFCB and will continue to do so, I hope if things doesn't work out, they will shut it down. But I hope they succeed.

I hope they are smart enough to plant Herbs, Onions, Mushrooms and etc. Dont compete with those in Cameroon, compete with food we import, if they are able to scale, our gov might help out without hurting the small farmers in Malaysia.

Posted by skyjet > 2024-02-28 17:48 | Report Abuse

Good QR with 4.25 cents dividend

Posted by Pinky > 2024-02-28 18:02 | Report Abuse

Good results with increased dividend. Good! No regrets buying into this.

Posted by Kitty Kitty > 2024-02-28 18:38 | Report Abuse

great growth stock. slow and steady

Posted by EngineeringProfit > 2024-02-28 18:49 | Report Abuse

My favourite but dah kenyang

Posted by Kitty Kitty > 2024-03-14 07:31 | Report Abuse

Volume picking up to challenge RM4 ..

Posted by Jack888 > 2024-03-18 15:22 | Report Abuse

go...go...go

Posted by TerrenceLim > 2024-03-18 16:40 | Report Abuse

upcoming quarter profit is crazy......it is like a new YTL Power 2.0

Posted by BursaVulture > 2024-03-18 18:53 | Report Abuse

why would it be crazy? you can say slightly higher but crazy is too crazy. almost 90% profit is from their hydro. unless all the other subsidiaries grow at exponential rate, unlikely to be crazy. hydro power gen already somewhat max.

Posted by EngineeringProfit > 2024-03-18 19:55 | Report Abuse

Exactly

Posted by TerrenceLim

upcoming quarter profit is crazy......it is like a new YTL Power 2.0

Posted by man8636 > 2024-03-19 11:18 | Report Abuse

is it possible to buy in now??😣

Posted by EngineeringProfit > 2024-03-19 13:19 | Report Abuse

Everything is possible...................but >10% from break out price!! Bilises must have the discipline - not to chase high.

Posted by BursaVulture > 2024-03-19 20:01 | Report Abuse

I own MFCB too, i call super crazy high profit for next QR pure BS. Most likely they will sign a new deal, probably extension from 25 years to 30? who knows. if you read the report, you know 90% profit from hydro, no more room to grow.

Posted by newbie8080 > 2024-03-27 10:52 | Report Abuse

5th turbine is completing soon.
Hopeful that it will provide additional revenue and profit

Posted by Jack888 > 2024-04-03 11:08 | Report Abuse

Next resistance 5.40 ...???

Posted by BLee > 2024-04-03 11:40 | Report Abuse

“Jack888
Next resistance 5.40 ...???
19 minutes ago”

Yes, MFCB is having a good meteoric rise this year. Few days ago, I did a calc for Insas' CAGR, also checked on MFCB over a 10 year period. The results are much better than Insas. Will find time to post the results, maybe over the coming weekend.
Happy Trading and TradeAtYourOwnRisk.

Posted by Jack888 > 2024-04-18 09:26 | Report Abuse

Slow and steady...keep on moving uptrend.

Posted by Pinky > 2024-04-18 15:18 | Report Abuse

Kuat punya Mega!

Posted by Jack888 > 2024-04-18 15:58 | Report Abuse

https://www.youtube.com/watch?app=desktop&v=WzYWoTRrYY8

Posted by Pinky > 2024-04-22 13:44 | Report Abuse

So, what's the TP now?

Posted by Nepo > 2024-04-24 08:09 | Report Abuse

Food Security Division
As of the end of FY2023, the cumulative planted area of our plantation in Cambodia totalled an estimated 2,560 hectares,
comprising 1,830 hectares of coconuts and 730 hectares of macadamias. The coconut trees will progressively reach
commercial scale maturity starting from 2024, while the macadamia trees are expected take another 1-2 years to reach the
same.
After careful consideration, we have opted to concentrate on harvesting flower sap of the coconut trees, and refining it
into coconut sugar products, including syrup and granulated sugar. This strategic choice is motivated by the scarcity of
pure, unadulterated coconut sugar products in both industrial and retail markets, alongside a steady and expanding global
demand (forecasted CAGR: 4.8% from 2018-2030). This market potential is underpinned by the superior health benefits of
coconut sugar compared to refined white sugar.
We are confident that leveraging the capacity of our plantation presents a significant opportunity to meet the burgeoning
global demand for coconut sugar products. Upon reaching maximum harvest capacity, we anticipate establishing ourselves
as the largest and foremost fully integrated company dedicated to coconut sugar products worldwide.
Looking ahead, our commitment remains steadfast in nurturing and expanding the Food Security Division to make a
substantial contribution to the Group’s long-term earnings, whether through expansion, diversification or strategic
acquisitions

Posted by Pinky > 2024-04-24 09:13 | Report Abuse

👌💪👏👍

Posted by kai8994 > 2024-04-24 17:23 | Report Abuse

"We are confident that leveraging the capacity of our plantation presents a significant opportunity to meet the burgeoning global demand for coconut sugar products. Upon reaching maximum harvest capacity, we anticipate establishing ourselves as the largest and foremost fully integrated company dedicated to coconut sugar products worldwide."

Good highlight, Nepo. Can't wait to ask them more about the venture into coconut sugar biz in the coming AGM / quarterly briefing. Wondering how much revenue they are expecting from this venture. According to this report the top 3 players are having between USD169m - 260m revenue.
https://www.globalmarketmonitor.com/report_blog/1861531.html

Posted by Nepo > 2024-04-25 11:57 | Report Abuse

https://theedgemalaysia.com/node/709303

Posted by Nepo > 2024-04-25 16:12 | Report Abuse

oops, Maybank downgrade..

but frankly speaking, could we keep?

Posted by kai8994 > 2024-04-25 16:20 | Report Abuse

Maybank's valuation did not ascribe any value to the new ventures. The company is reinvesting the cash to grow and at the same time giving out decent dividend. Why sell?

Posted by troy88 > 2 months ago | Report Abuse

Uptrend to resume after recent correction. Ambank TP 5.40 still intact..

Posted by kritikos > 2 months ago | Report Abuse

M&A activities.. they bought 64% interest in CSC Agriculture for RM25m...
https://www.nst.com.my/business/corporate/2024/05/1048189/mega-first-corp-takes-64pc-interest-csc-agriculture-rm25m

Posted by Pinky > 2 months ago | Report Abuse

Good company but limited upside already...made 20% with this stock in 6 months and sold.

Will look to re-enter around 4.50 maybe

Posted by EngineeringProfit > 2 months ago | Report Abuse

Agree. Profits so good. Just take

Posted by newbie8080 > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/712541
Mega First Corp Bhd (KL:MFCB), which is involved in renewable energy sales, limestone quarrying and packaging, said its first quarter net profit rose 35.32% to RM95.46 million from RM70.55 million a year earlier amid a significant improvement at its resource division.

The higher earnings were also attributed to a one-time boost from fire insurance compensation. The group said it recognised RM22.39 million in insurance income for the fire incident in its flexible plastic packaging factory.

Posted by VincentTang > 2 months ago | Report Abuse

Bad qr. Sold all mfcb

Posted by VincentTang > 2 months ago | Report Abuse

22.39 mils from net profit claim from insurance which is one off profit

Posted by kai8994 > 2 months ago | Report Abuse

Y-o-Y
Group’s profit after tax and non-controlling interest (“PATNCI”) rose 35.3% from
RM70.5 million to RM95.5 million. “Normalised” Group PATNCI (by excluding share of
joint ventures and associates’ results, and non-operational one-off items) grew 22.4%
from RM79.5 million to RM97.4 million.

Q-o-Q
Excluding joint ventures and associates, and one-off items
in both periods, the Group's normalised PATNCI remained flat quarter-on-quarter at
RM98.2 million (compared to RM98.7 million in 4Q2023). This was achieved despite
seasonally lower hydro energy sales, underscoring the earnings strength of the
Group's core operations and the positive impact of increased effective equity interest
in DSPC.

How was it a bad quarter? In fact if you follow the Company closely you will know that they will do well this year with the increased effective stake in DSPC and the upcoming 5th turbine running in second half. And next year it will be even more exciting with the Food Security Division plus additional capacity coming from packaging division.

Posted by Pinky > 2 months ago | Report Abuse

Southeast Asia extreme weather. Will that affect that hydro dam? I'm a bit worried.

Posted by hopetobecorrect > 2 months ago | Report Abuse

@kai8994,, i think next year MFCB Laos tax free status will expire? sure this will affect the profit unless i miss something

Posted by kai8994 > 2 months ago | Report Abuse

@hopetobecorrect, yes you right, in fact there is another clause which says the tariff will be adjusted downward at 10th year if I not mistake. The management did highlight the new CA is more favourable to the Company, lets see how it goes.

Anyway, irregardless of the terms of the CA, to me the value proposition of MFCB is about the capable management team who know how to reinvest the strong cashflow and enhance the shareholder value. Bet the jockey :)

Posted by hopetobecorrect > 2 months ago | Report Abuse

@kai8994, thank you for the information. Will take the mgmt words on this

Posted by goldmanbull > 1 month ago | Report Abuse

Hopefully got chance to masuk MFCB

Posted by Kitty Kitty > 1 month ago | Report Abuse

may enter consolidation phase soon .. opportunity will come thereafter

Posted by Pinky > 3 weeks ago | Report Abuse

Debt-Saddled Laos Turns to Deferrals as Repayments Nearly Double:
https://www.bloomberg.com/news/articles/2024-07-01/debt-saddled-laos-turns-to-deferrals-as-repayments-nearly-double

Should MFCB investors be concerned?

Posted by kai8994 > 3 weeks ago | Report Abuse

@Pinky,

The poor financial position of the Laos government is not something new. The management has explained this many times. Actually, the off-taker for the power generated is Cambodia. As long as Cambodia is paying, MFCB will also get paid. Moreover, the payment is in USD.”

Posted by Pinky > 3 weeks ago | Report Abuse

Thanks for explanation

Posted by BLee > 3 weeks ago | Report Abuse

Finally MFCB passed thro' MYR5, seems Power play is contagious..

Posted by kai8994 > 3 weeks ago | Report Abuse

“We have nurtured the food security division over the last 10 years and we think it has turned a corner. We are likely to see a bigger contribution from the division, so we are going to carve it out and show it as one of our core businesses,” MFCB non-independent, non-executive director Yeow See Yuen tells The Edge in a recent interview.
- https://theedgemalaysia.com/node/716525

One more pillar to propel them forward.

Posted by Willtolive > 1 week ago | Report Abuse

ATH 5.09

Posted by Pinky > 1 week ago | Report Abuse

I re-enter if 4.60

Posted by Willtolive > 5 days ago | Report Abuse

So far due to the dilligent management MFCB, the powerplant in Cambodia makes big revenue and profits

Posted by BursaVulture > 5 days ago | Report Abuse

hydro is in laos, not cambodia

Posted by Willtolive > 5 days ago | Report Abuse

@BursaVulture, you are right.
MFCB-Laos hydropower ✅

Pestech-Cambodia Transmisdion line

Jaks, Toyoventure-Vietnam Coal powerplant