Posted by speakup > 2014-09-26 17:34 | Report Abuse

why MFCB director selling? isn't it seriously undervalued?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1749645

Posted by yfchong > 2014-09-26 21:56 | Report Abuse

Baru 29K.....,still ok....,

Posted by Wan Zuhdi > 2014-09-27 00:52 | Report Abuse

Bad sign if the director start selling...

Posted by Eelyn Soon > 2014-09-29 11:49 | Report Abuse

one hand switched to another?

Posted by chrisyap > 2014-09-29 12:07 | Report Abuse

Yes ! start moving !

Posted by yfchong > 2014-09-29 12:19 | Report Abuse

Kam Sieh, Kam Sieh, all The best....,

Posted by yfchong > 2014-09-29 14:32 | Report Abuse

the movement is it fr Jadi ??

Posted by ccs999 > 2014-09-29 14:51 | Report Abuse

makan bubur or makan nasi tengok kali ini liao, ini kali la!

Posted by yfchong > 2014-09-29 14:59 | Report Abuse

No-lah, what about nasi air, in between, nasi and bubur ??

Posted by speakup > 2014-09-29 15:07 | Report Abuse

next Fri, collect my rm3xx dividend :-)

Posted by ccs999 > 2014-09-29 15:09 | Report Abuse

bro yfhcong, makan nasi la, tak kenyang ni, lapar sangat...

Yeah speakup, same as u... huar ar...

Posted by yfchong > 2014-09-29 15:34 | Report Abuse

Bro 999, huat together...,

Posted by yfchong > 2014-09-29 17:40 | Report Abuse

TA, dun know promising or not....,need chartis comment

Posted by speakup > 2014-09-30 07:46 | Report Abuse

Broken 2.30 resistance.
Chart wise is strong buy!

Posted by NOBY > 2014-09-30 09:03 | Report Abuse

MFCB, your time has come

Posted by chrisyap > 2014-09-30 09:07 | Report Abuse

yes ! congrat to all comrades.. hehe

Posted by speakup > 2014-09-30 09:12 | Report Abuse

according to my remisier, MFCB going to distribute treasury shares as special dividend

Posted by miketyu > 2014-09-30 09:16 | Report Abuse

Congrats all. Long awaited time. Special thanks to Kcchongz

Posted by ccs999 > 2014-09-30 09:22 | Report Abuse

Once it come, it never stop, here you go MFCB, special thanks to my sifu Mr Chong - kcchongnz...

Posted by yfchong > 2014-09-30 09:30 | Report Abuse

Lol, Bro 999, congrats...., thks to bro kcchongnz leadership......,

Posted by ccs999 > 2014-09-30 09:52 | Report Abuse

huat ar bro yfchong

Posted by yfchong > 2014-09-30 09:58 | Report Abuse

Ok lah, objective achieve....,sama sama huat ar, dun forget to do hunting now.........,

Posted by Jaack1 > 2014-09-30 10:10 | Report Abuse

30.09.14
Good morning

Public Invest started coverage on MFCB with a target price of RM3.82

http://www.theedgemalaysia.com/business-news/309527-publicinvest-research-starts-coverage-on-mega-first-corp-target-price-rm385-.html

Happy Investing
Jaack1

Posted by yfchong > 2014-09-30 10:14 | Report Abuse

ok-lah the spill over may be public mutual funds......, kira boleh lah

Posted by calvintaneng > 2014-09-30 10:15 | Report Abuse

HAHAHAHAHA!

AT LONG LAST MFCB HAS MOVED UP!

My

Father

Comes

Back

A GOOD FATHER INDEED!

Posted by Wan Zuhdi > 2014-09-30 10:34 | Report Abuse

Wuhuuuuuu!!!!! Buy at 2.21. This morning check 2.66. Double check 2.64. Triple check 2.65. Should i sell now or hold?

Posted by miketyu > 2014-09-30 11:08 | Report Abuse

anyone can share the report by public bank?

Posted by JXRepcoBuffet > 2014-09-30 11:11 | Report Abuse

We initiate coverage on Mega First Corp (MFCB) with an Outperform call and SOP-derived fully diluted target price of RM3.85. Given its steady recurring income from the power business coupled with decent earnings prospects from its resources arm, we think that MFCB‟s investors today get both businesses for nearly free at current share price. Based on our SOP valuation, we see deep underlying value in the company. Further potential re-rating catalysts include i) stronger-than-expected production growth for the resources business, ii) renewal of concession for the power business in China and Sabah and iii) completion of its hydropower project in Laos by 2019, which will be the growth driver for the Group in the next couple of years.

A low profile company. MFCB, established in 1966, has undergone a series of restructurings since it was relisted in 1991. The company started as a mining company where it operated one of the largest copper mines in Sabah. Since then, the company has diversified into power, resources and property activities, which have become the core businesses for the Group today. The entry of new shareholder, Mr. Goh Nan Kioh in 2003 brought further improvement to the Group as earnings were enhanced at a decent average annual growth rate of 10% while NTA/share has also leapt from RM0.90 to RM3.11 over the last 10 years.

Solid balance sheet with strong free cash flow. As at FY13, the Group has a total net cash & investment in quoted shares of RM178m or RM0.79/share with annual free cash flow per share of approximately RM0.32/share. Backed by the steady cash flow from the power business as well as the improved profitability of the resources segment, the company has been using the funds to do share buyback, already owning 19.9m or 8.2% of total issued shares. It has been consistently paying dividends with a minimum of 7sen p.a. (25%-40% payout) in the last 5 years, which translate into 3.2% dividend yield.

Potential mega returns from hydropower project in Laos. Our SOP valuation has not taken into account potential contributions from the 256 MW run-of-river hydropower project concession in Laos, which could potentially boost the RNAV contribution by at least RM1.00-2.00 per share upon completion. The RM1.5bn 256MW Don Sahong Hydropower project is expected to be completed by 2019. KEY FINANCIAL SUMMARY (RM m)

Source: PublicInvest Research - 30 Sep 2014

Posted by bracoli > 2014-09-30 11:23 | Report Abuse

good one recommended by KCCHONGZ auckland

Posted by chrisyap > 2014-09-30 11:23 | Report Abuse

what ! TP 3.85 ? KC is mythic in value, must thank him. hehe

Posted by baokoo > 2014-09-30 11:34 | Report Abuse

alamak!!! Sold @2.68 this morning

Posted by yfchong > 2014-09-30 11:36 | Report Abuse

Itu cerita..., Don Sahong stop line sudah lupa ka.......,? Suddenly line cerita berubah..,

Posted by speakup > 2014-09-30 11:47 | Report Abuse

bila MFCB 2.30 semua tak mau beli
bila MFCB 2.70 semua rebut beli

ha ha! mana logik?

Posted by yfchong > 2014-09-30 11:51 | Report Abuse

Bro speakup...., just puzzled .

Posted by speakup > 2014-09-30 11:52 | Report Abuse

sama macam Iris.
now 39sen tak mau beli, bila 50sen semua rebut beli.

Posted by JXRepcoBuffet > 2014-09-30 11:54 | Report Abuse

TP RM3.85 from PIB....... that's why semua rebut.....

Posted by speakup > 2014-09-30 11:54 | Report Abuse

bjcorp bila 50sen tak mau beli. bila 60sen semua rebut beli.

Posted by cscheong > 2014-09-30 11:55 | Report Abuse

ha ha sold at 2.77

Posted by ccs999 > 2014-09-30 11:56 | Report Abuse

Look like afternoon will limit up, just my 2 cents.

Posted by baokoo > 2014-09-30 12:00 | Report Abuse

the fate of the stock changed just because of an article...

Posted by yfchong > 2014-09-30 12:01 | Report Abuse

part 2, will have more comments....,

Posted by speakup > 2014-09-30 12:03 | Report Abuse

yes just because of 1 article. just like SHL, one article give TP rm5.

Posted by yfchong > 2014-09-30 12:04 | Report Abuse

No eyes.....,see oredi...,

Posted by speakup > 2014-09-30 12:07 | Report Abuse

what u mean 'no eyes... see oredi'?

Posted by yfchong > 2014-09-30 12:12 | Report Abuse

I can't find logic..,

Posted by Tempting > 2014-09-30 12:24 | Report Abuse

for those already on board, just keep.. sit back n watch the show

Posted by Tempting > 2014-09-30 12:24 | Report Abuse

more 2 come

Posted by yongyou > 2014-09-30 12:31 | Report Abuse

Good show? If yes, i will consider to join

Posted by yongyou > 2014-09-30 12:31 | Report Abuse

the TP is nice

Posted by yfchong > 2014-09-30 12:57 | Report Abuse

oh sekarang baru ada tips, itu Don Sahong life line extended..,