MEGA FIRST CORPORATION BHD

KLSE (MYR): MFCB (3069)

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Last Price

4.40

Today's Change

-0.01 (0.23%)

Day's Change

4.37 - 4.46

Trading Volume

898,300


17 people like this.

3,674 comment(s). Last comment by Nepo 2 days ago

Lohjunwei

34 posts

Posted by Lohjunwei > 2017-12-28 12:13 | Report Abuse

who is collecting?
window dressing?

Posted by Fabien Extraordinaire > 2018-02-07 10:28 | Report Abuse

Maybank:

Initiate with BUY and MYR4.15 SOP-DCF based TP
We like MFCB for its: i) potential returns from Don Sahong hydropower
project in Laos; and ii) strong growth prospect from its Resources
segment. Also, its net cash position as of end-2016 reinforces its balance
sheet strength to take on the construction cost of Don Sahong. We value
MFCB using the SOP method to derive our TP of MYR4.15 (+12%) with Don
Sahong and its Resources segment making up the majority of its value.

Posted by Fabien Extraordinaire > 2018-02-07 16:10 | Report Abuse

If you check the previous results, contribution from the China and Tawau concessions are quite small to the overall bottomline

Posted by Tung Kwang Yii > 2018-02-23 20:40 | Report Abuse

Just sold my Hibicus today. All in MFCB
Hope public invest is right TP RM 4.48

shpg22

2,984 posts

Posted by shpg22 > 2018-02-24 12:03 | Report Abuse

Doesn't look good

markgor

69 posts

Posted by markgor > 2018-03-01 09:55 | Report Abuse

85 cent ? in ur wet dream

Posted by theintinvestor > 2018-03-09 09:24 | Report Abuse

hi guys, any news on the tawau concession renewal?

markgor

69 posts

Posted by markgor > 2018-03-09 14:06 | Report Abuse

tawau 1 should be ok, just take time to get approval

ViWizard

780 posts

Posted by ViWizard > 2018-03-29 10:18 | Report Abuse

WAH KEEP drop recently

Posted by EngineeringProfit > 2018-03-30 20:28 | Report Abuse

: (

Head south

ViWizard

780 posts

Posted by ViWizard > 2018-04-02 10:15 | Report Abuse

gg liao T.T

tiffany

5 posts

Posted by tiffany > 2018-04-03 14:37 | Report Abuse

Any significant issues?

linjie

187 posts

Posted by linjie > 2018-04-04 14:36 | Report Abuse

no, just overall market sentiment bad

ViWizard

780 posts

Posted by ViWizard > 2018-04-04 14:50 | Report Abuse

yeah.. sad.. affect mfcb too

abcde12345

493 posts

Posted by abcde12345 > 2018-04-12 11:50 | Report Abuse

not ok

abcde12345

493 posts

Posted by abcde12345 > 2018-04-12 11:50 | Report Abuse

becasuse i did't buy

abcde12345

493 posts

Posted by abcde12345 > 2018-04-12 11:50 | Report Abuse

good luc k

54321edcba

502 posts

Posted by 54321edcba > 2018-04-12 11:51 | Report Abuse

who is collecting?

54321edcba

502 posts

Posted by 54321edcba > 2018-04-12 11:51 | Report Abuse

Doesn't look good

54321edcba

502 posts

Posted by 54321edcba > 2018-04-12 11:52 | Report Abuse

no meaning

54321edcba

502 posts

Posted by 54321edcba > 2018-04-12 11:53 | Report Abuse

no meaning

ViWizard

780 posts

Posted by ViWizard > 2018-04-13 15:50 | Report Abuse

is time to gogo? haha

Posted by jordanmaggie61 > 2018-04-13 16:02 | Report Abuse

cuba nasib

ViWizard

780 posts

Posted by ViWizard > 2018-04-19 10:13 | Report Abuse

dividend 2sen declared but no power ><

freehooi81

107 posts

Posted by freehooi81 > 2018-05-28 08:42 | Report Abuse

why no PPL comment here?

markgor

69 posts

Posted by markgor > 2018-05-30 11:36 | Report Abuse

chairman have mention in AGM, the don sahong project is ahead of schedule 3 ~ 4 months

freehooi81

107 posts

Posted by freehooi81 > 2018-05-31 08:52 | Report Abuse

tq, Markgor. seem here so quiet

KL Tneoh

805 posts

Posted by KL Tneoh > 2018-05-31 12:35 | Report Abuse

Buy & keep, the company got huge potential !

1) Don Shahong Project is ahead of schedule around 3 months, and the first turbine is expected to be fired up by May 2019 (the testing will take another 2-3 weeks), after that every 2 months there will be another extra turbine come to operation. In short by 2019 June there will be some power concession income start coming in. Best still because the power concession contract only start by 1/1/2020, during this period there will be no depreciation & amortization expenses.

2) Resources division is foreseeing a double digit growth for the next few years, steady income.

3) Coconut plantation (Healthcare division) won’t able to see any solid income by 2022, however progressive planting is taking place at the moment.

Short term you won’t see any big surprises, but gradually the value will be slowly unlock.

Posted by Fabien Extraordinaire > 2018-06-01 21:50 | Report Abuse

yep, you are probably right. this stock worth to hold until 2019 and beyond then gets to see the real earnings potential.

2018 most likely won't be exciting, since tawau power plant is a no-go earnings for the immediate term would have some impact, in addition to higher interest expenses on the Usd loan.

KL Tneoh

805 posts

Posted by KL Tneoh > 2018-06-04 18:14 | Report Abuse

what a piece of good news

https://www.klsescreener.com/v2/announcements/view/28879385

Posted by Fabien Extraordinaire > 2018-06-13 17:28 | Report Abuse

any good news?

suddenly up 19 sen.

freehooi81

107 posts

Posted by freehooi81 > 2018-06-21 11:49 | Report Abuse

y suddenly drop back?

Karlos

1,274 posts

Posted by Karlos > 2018-07-24 16:29 | Report Abuse

Hundreds missing in Laos after hydroelectric dam collapse

Posted by Abu Adam > 2018-07-24 18:24 | Report Abuse

That is not the dam that MFCB built

Max Yong

276 posts

Posted by Max Yong > 2018-07-25 09:23 | Report Abuse

Don Sahong dam only is the dam which MFCB building. Lmao please don’t sinply create nonsense at here. Lol

Max Yong

276 posts

Posted by Max Yong > 2018-07-25 09:24 | Report Abuse

Don Sahong Dam located at a safer place than Xayaburi dam ( incident happened right now ) please go google map and search it. Thanks

shpg22

2,984 posts

Posted by shpg22 > 2018-07-25 12:29 | Report Abuse

All dam works in Laos may be stop indefinitely for safety inspection and scrutiny following the deadly incident that rocked the country

Posted by Fabien Extraordinaire > 2018-07-25 13:44 | Report Abuse

anyone checking with the IR for clarity?

tiffany

5 posts

Posted by tiffany > 2018-07-25 14:28 | Report Abuse

Yes, it happened in different area

Karlos

1,274 posts

Posted by Karlos > 2018-07-25 15:56 | Report Abuse

I know it is not Don Sahong, just to be aware of what is happening now in Laos due to extreme wet weather conditions, Any way the unlucky dam project not far from Don Sahong and there will be definitely have some effects one way or another.

Bullhunter

1,194 posts

Posted by Bullhunter > 2018-07-25 16:01 | Report Abuse

definitely will affect mfcb... watch price in coming days when Laos government review all dam construction

Karlos

1,274 posts

Posted by Karlos > 2018-07-25 16:21 | Report Abuse

The authority may likely review the design and construction of dams that may involve some changes and may then have cost and time schedule implications.

Karlos

1,274 posts

Posted by Karlos > 2018-07-25 16:24 | Report Abuse

Environmentalists that were critical on dams in Mekong River may use this unfortunate happening to justified their previous concerns. Just my thinking.

Posted by Fabien Extraordinaire > 2018-07-26 09:24 | Report Abuse

We refer to the above unfortunate incident that happened on 23 July 2018.

Following the incident, the Company has received queries from various stakeholders on the risk of a similar situation happening to the Company’s Don Sahong Hydroelectric Power Project (“Don Sahong Project”) and its implications thereof.

The Board of the Company has made the necessary enquiries with the management of Don Sahong Power Company (“DSPC”) and the Project consultants. Having reviewed the circumstances surrounding the incident and the specific and unique characteristics of the Don Sahong Project, the Board is satisfied that present and future dam safety risks remain low and are being (and will continue to be) appropriately monitored and managed in accordance with the industry and international best practices.

At this juncture, the Board concurs with the management of DSPC and its consultants that the incident is unlikely to result in any delay in the completion of the Don Sahong Project or a material change in the overall cost of the Project.

Posted by EngineeringProfit > 2018-08-18 09:03 | Report Abuse

Interesting...

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-21 12:05 | Report Abuse

All stocks are green today.we may see minimal growth. Worth to invest

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-21 12:26 | Report Abuse

Keep going, up up up !

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