Posted by si4000 > 2017-01-17 21:10 | Report Abuse

Buy too

Posted by Fabien Extraordinaire > 2017-01-18 20:10 | Report Abuse

A strong buy if u have a long term view. Moving forward, their hydropower project in Laos will be their key growth driver. As at 3Q FY16, completion stage is only 11.5% but we have already seen its contribution to MFCB earnings in the last 2 quarters.

Posted by Tai KT > 2017-01-19 10:17 | Report Abuse

angpou

Posted by 10bagger10 > 2017-01-19 10:48 | Report Abuse

sapu?

Posted by Tai KT > 2017-01-19 11:17 | Report Abuse

Tuesday already tell. see above

Posted by kenken85 > 2017-01-19 18:58 | Report Abuse

hopefully my best performing share in 2017.

Posted by vitac > 2017-01-24 15:22 | Report Abuse

Good... very strong

Posted by theintinvestor > 2017-01-24 15:34 | Report Abuse

any good news coming?

Posted by chrisyap > 2017-01-25 10:54 | Report Abuse

wow..

Posted by VivoPrince > 2017-01-25 12:19 | Report Abuse

Sudden so alive and kicking ... angpows all round for firm believers.

Posted by theintinvestor > 2017-01-25 13:19 | Report Abuse

what's the TP?

Posted by Fabien Extraordinaire > 2017-01-25 14:51 | Report Abuse

Target price based on various valuation methods ranging from 3.00 to 3.46 (very conservative estimate and assuming no growth).

Posted by 10bagger10 > 2017-02-02 17:20 | Report Abuse

people are too desperate. impatient.

Posted by Fabien Extraordinaire > 2017-02-02 20:38 | Report Abuse

DCF analysis implies share price @ 4.51 assuming their FCF grows at inflation rate of 2%

Posted by cheoky > 2017-02-03 00:01 | Report Abuse

Long term holding pay best dividend. Maybe some one can tell uncle kyy. He was top30 holder in this com.

Posted by Wei Xidu > 2017-02-13 17:40 | Report Abuse

Today drop bck ~~~ omg

Posted by younginvestor92 > 2017-02-14 10:23 | Report Abuse

latest results 100% up

Posted by nicholas1184 > 2017-02-15 22:54 | Report Abuse

Investment Merits
1) Net Cash Company, currently cash per share stood at RM 0.84 while share price only RM 2.2.
2) Debt/Equity stood at less than 0.1
3) Potential tripple of existing core revenue upon completion of the Laos Power Plant by Dec 2019 - more than offset potential loss of the current income generated from the coal-fired power concession license in China in Year 2022.
4) Most importantly, new stream of income arise from construction of the new power plant valued at USD 500 Mil (or RM 2 Billion based or RM4/1USD). The construction has just completed 11.5% of the work (240 Mil has been recognised in Q1,2,3 2016) and is targeted to complete by 2019 Dec, management is confident to complete it on time. - This would means MFCB has additional construction income of RM (2*0.8-0.24) = 1.36 billion recognized over remaining 3.25 years, ie: 1.36/3.25/4 = 105 Million to be recognised each quarter. Not to forget, it is based on RM 4 per 1USD rate. USD is above 4.45 now. Note that I factor in 0.8 as the contract is 80% owned by MFCB with remaining 20% owned by the Laos government.
5) Chart is super uptrend.

Based on historical 3 quarters result, the pre tax profit margin is around 26%, and hence net margin is slightly above 20%, we haven't factor in the USD appreciation yet in the margin to be conservative, so purely from this new stream of income, MFCB should get > 20 Mil profit each quarter from this construction until 2019, if other operations contribute 16 Mil profit after tax, then it will give MFCB 36 Mil net income, about 9.5 cents EPS per quarter, if PE = 10, the FV will be RM 3.8. Let see whether this FV can be meet by year end.
Cheers.
Disclaimer: The above is just my personal opinion, please do your homework to confirm the accuracy of the info above. This opinion does not imply any buy or sell recommendation.

Posted by michaelwong > 2017-02-16 16:41 | Report Abuse

Contra kaki unloading that forced the price downward

Posted by shareinvestment7 > 2017-02-16 19:20 | Report Abuse

Mega first involved in legal case?? Oh no

Posted by Tai KT > 2017-02-16 19:52 | Report Abuse

around 8-10c per share of the penalty sue. over react. long term and fundamental unchanged.

Posted by Tai KT > 2017-02-16 19:53 | Report Abuse

even not yet appeal. no lose yet.

Posted by nicholas1184 > 2017-02-16 20:00 | Report Abuse

Yuan lai is this court case announcement...but that was old news already...is in the announcement few months back and may not materialise as the management claims that the event is not taxable, even materialise, it will just be one time impact on their P&L, and 26 Mil can be covered by their 1 quarter profit...this is the reason I still invest in MFCB...

Posted by Fabien Extraordinaire > 2017-02-16 20:00 | Report Abuse

Its already known in Q3 prior to today announcement.

Expecting provisions in 4Q. The Group has been slapped with additional taxes and penalties amounting to RM22.8m by the Inland Revenue Board of Malaysia., of whch it is required to recognize the provision though the Group is in the midst of making an appeal.

Posted by nicholas1184 > 2017-02-16 20:11 | Report Abuse

Yeah I rmb I saw it somewhere...even better if got provision...why? The worst event will soon come - " the provision" and no more hindrance going forward except for the pending tawau plant renew...note that tawau plant contribute very little to mfcb revenue and profit...If the court case doesn't go through, bonus for mfcb later on...

Posted by theintinvestor > 2017-02-16 20:45 | Report Abuse

anyone got source whether their china plant already renewed?

Posted by nicholas1184 > 2017-02-16 21:08 | Report Abuse

1 more thing I just realised, the tax is imposed on MFCB's subsidiary and the subsidiary is 65% owned by MFCB, my best guess is may be the tax that imposed on MFCB is only 65% for that 26 Mil - oni 17 Mil...from the Q3 report, 38% and 34% of the company earnings is in USD and RMB respectively and we know rm has depreciated against both currencies in Q4 so I guess it will help in profit margin...it will helps cushion the provision slightly...and most important...the provision is one time off...

Posted by michaelwong > 2017-02-16 22:29 | Report Abuse

Nicholas 1184 good sharing and thnks for many busy investors aware of the current and impending tax imposed on MFCB. Thnks for keeping everyone informed....... Cheers bro ! At first why the sudden dropped in share price when this counter have been rising tremendously of late...... something might be wrong at first l guess ?

Posted by nicholas1184 > 2017-02-16 22:53 | Report Abuse

You are welcome Michael...and good night everyone here...

Posted by michaelwong > 2017-02-16 22:56 | Report Abuse

Cheers bro !

Posted by theintinvestor > 2017-02-17 09:07 | Report Abuse

looks like panic sell due to this news

Posted by ykloh > 2017-02-17 12:07 | Report Abuse

The tax in dispute also implies that there is a profit of RM100m not recognised !

Posted by theintinvestor > 2017-02-17 13:38 | Report Abuse

@ykloh meaning?

Posted by VivoPrince > 2017-02-17 16:13 | Report Abuse

Time to accumulate.

Posted by keong90 > 2017-02-17 16:31 | Report Abuse

panic sell is necessary for late comers to get profit here, please drop more =)

Posted by ykloh > 2017-02-17 17:46 | Report Abuse

theintinvestor :

According to my recollection, the subsidiary injected a piece of land as its capital contribution to a JV in a property development with other parties. The tax dept probably deems that tax is payable on surplus in valuation of the land at the point of injection over the original cost, even though none of the property development has been sold so far (according to MFCB announcement).
MFCB has not recognised the surplus in value of the land but it will have to do so sometime, more so when it has to pay or provide for the tax.
The surplus should be RM80m or more.

Posted by VivoPrince > 2017-02-17 18:56 | Report Abuse

ykloh: Are you implying that MFCB faithfuls can expect some form of 'happy ending'?

Posted by ykloh > 2017-02-17 19:14 | Report Abuse

I think so but I may be wrong.

Posted by Fabien Extraordinaire > 2017-02-18 18:06 | Report Abuse

Lets wait for the Q4 results. I believe 40 sen EPS is achievable. Based on 9.6x PER, MFCB should value at 3.8

Posted by theintinvestor > 2017-02-19 00:44 | Report Abuse

any idea when the Q4 results will be released?

Posted by younginvestor92 > 2017-02-20 09:21 | Report Abuse

The tax news came out in october, not a new thing, time to collect

Posted by noobbie > 2017-02-20 11:19 | Report Abuse

collect colect more...

Posted by younginvestor92 > 2017-02-20 16:20 | Report Abuse

dont because of the small tax thing miss the whole big thing

Posted by noobbie > 2017-02-20 16:50 | Report Abuse

collect collect collect

Posted by theintinvestor > 2017-02-20 17:06 | Report Abuse

collect !

Posted by sengtan > 2017-02-24 15:07 | Report Abuse

MFCB is back again! Results could be good ?? Could some expert enlighten please?
Btw I am just signed up recently and hope to learn more from each other. Thnx

Posted by noobbie > 2017-02-24 17:48 | Report Abuse

told you to collect

Posted by 10bagger10 > 2017-02-25 08:33 | Report Abuse

Could be 10 baggee?

Posted by abangadik > 2017-02-25 10:26 | Report Abuse

If continue to hold until the powerplant yes..you will have a 10 bagger.

Posted by sengtan > 2017-02-25 13:39 | Report Abuse

i understand the coming quarterly result could be soft due to costly coal prices for their china project ??