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

Posted by AbdulMaalikBinUthmaa > 2019-01-17 15:03 | Report Abuse

exactly, have to learn from pros like you on how to win in life

Posted by 金刚 般若 > 2019-01-17 17:45 | Report Abuse

My capital started form saving, so i quite late to invest. But the goal is same to you.
4-5 mil is standard range to quit full job. Boring to my job.

Hope you guy can archive the goal.

xiaoxiami

331 posts

Posted by xiaoxiami > 2019-01-18 07:47 | Report Abuse

I started investment since I was 23
I can say I am very lucky to have friend surrounding me and influence me

Now I am 28 and have around 350k portfolio
Hope by retire can accumulate assest of 10mil

freddiehero

16,715 posts

Posted by freddiehero > 2019-01-18 08:01 | Report Abuse

wah.. u all so young dy invest in market.

freddiehero

16,715 posts

Posted by freddiehero > 2019-01-18 08:02 | Report Abuse

im just start last year january..

bukithot

457 posts

Posted by bukithot > 2019-01-18 08:31 | Report Abuse

Is 200mil expected profit sustainable if this includes the construction profit which is not recurring when the laos powerplant is up and running?

bukithot

457 posts

Posted by bukithot > 2019-01-18 08:35 | Report Abuse

This is what PB research says, ". Based on our earnings estimates, the hydropower project will
contribute annual sales of RM400m-RM450m and profit of RM200m-260m
during the 25 years of concession."

Icon8888

18,658 posts

Posted by Icon8888 > 2019-01-18 08:38 | Report Abuse

and PB forecast DPS jumps to 30 sen next year

slurp

Posted by Fabien Extraordinaire > 2019-01-18 11:11 | Report Abuse

200mil is real profit. real cash flows.

not construction profit

Posted by Fabien Extraordinaire > 2019-01-18 11:21 | Report Abuse

Maybank predicted the powerplant to potentially contribute a minimum of USD55m of FCF p.a. over its 25-year concession. Expect good yield moving forward.

Posted by Fabien Extraordinaire > 2019-01-18 11:28 | Report Abuse

Icon8888 and PB forecast DPS jumps to 30 sen next year

slurp

Maybank forecast 15sen next year

Icon8888

18,658 posts

Posted by Icon8888 > 2019-01-18 19:37 | Report Abuse

15 sen also very yummy

KL Tneoh

805 posts

Posted by KL Tneoh > 2019-01-19 00:13 | Report Abuse

Once Don Shahong project start operation, 50+ cents of EPS & around 25 cents of dividend is within the reach.

bukithot

457 posts

Posted by bukithot > 2019-01-19 14:11 | Report Abuse

Operation
For a run-of-the-river system to be possible in a given location, there needs to be two specific geographical features. The first is there must be a reasonably substantial flow rate, either from rainfall or a melting snowpack. In addition, there must be enough of a tilt to the river to speed the water up significantly.[4] Therefore, run-of-the-river systems are best implemented in bodies of water with a fairly constant flow rate. If they are built in locations where flow rate is fairly low for a period of time and then peaks dramatically, there will be a large amount of "wasted" water during the peak flow periods as the excess water falls through the spillways. This is because these systems are built to accommodate the lowest flow rate—thus, not be able to handle significantly larger flow rates.

In run-of-the-river systems, running water from a river is guided down a channel or penstock. There can be some change in altitude at this point (from a small dam or the natural landscape) so there may still be some contribution from "falling water." The diverted water is brought to an electricity generating house. In this house, the running water drives a turbine, running a generator and generating electricity. After being used, water is fed to the river downstream.[3]

Although run-of-the-river systems rely primarily on the flow rate of rivers to generate electricity and not a significant amount of water storage, some a small-scale dam or weir to ensure enough water enters the system itself. Pondage (a small amount of water stored behind the dam) is occasionally used, making them generally more reliable as they compensate for any discrepancies in water flow. This stored water isn't like a reservoir because it stores enough for "same day use" not future uses.[4][2]

https://energyeducation.ca/encyclopedia/Run-of-the-river_hydroelectricity

Posted by Fabien Extraordinaire > 2019-01-29 16:23 | Report Abuse

quietly moving up

Icon8888

18,658 posts

Posted by Icon8888 > 2019-01-29 16:23 | Report Abuse

Why ah ?

Posted by Fabien Extraordinaire > 2019-01-29 16:46 | Report Abuse

no idea, just hold and watch

lol

pang72

50,364 posts

Posted by pang72 > 2019-01-29 18:42 | Report Abuse

Thank you for sharing mfcb to me.
I am attracted by its forward earning.

pang72

50,364 posts

Posted by pang72 > 2019-01-29 18:42 | Report Abuse

My fix deposit.

shpg22

2,984 posts

Posted by shpg22 > 2019-01-31 19:47 | Report Abuse

Liquidity deteriorating fast, may need another round of right issue.
Prepare for more cash

KL Tneoh

805 posts

Posted by KL Tneoh > 2019-01-31 22:05 | Report Abuse

Ha ha ha......

So funny !!

Posted by Fabien Extraordinaire > 2019-01-31 22:20 | Report Abuse

sphg22

SOUR GRAPE

Posted by Fabien Extraordinaire > 2019-01-31 22:21 | Report Abuse

dare u to show me evidence of liqudity drying up

Icon8888

18,658 posts

Posted by Icon8888 > 2019-01-31 22:24 | Report Abuse

Next year I will need to exercise my warrants at 2.22

Mfcb will get new cash

shpg22

2,984 posts

Posted by shpg22 > 2019-02-13 11:01 | Report Abuse

MFCB remind me of JAKS rosy story that end up in drain.

linjie

187 posts

Posted by linjie > 2019-02-13 12:53 | Report Abuse

@shpg22 when u said something like this compare with JAKS, it show that you never really study

shpg22

2,984 posts

Posted by shpg22 > 2019-02-13 12:55 | Report Abuse

When JAKS is at its peak, those that invested in it think they had study a lot and have confident in it. Yet still end up in drain.

tipumakan

209 posts

Posted by tipumakan > 2019-02-16 15:37 | Report Abuse

Because jaks keep on cash call, lawsuit, drag down by property arm. But mfcb not

xiaoxiami

331 posts

Posted by xiaoxiami > 2019-02-16 20:21 | Report Abuse

The edge weekly got report this company this week

Overall is quite high risk
Mfcb intent to pay off the loan for the first 3 years of hydropower construction
Means will not expect big rise in dividen

If run at full capacity
Expect to get 60million usd in first 5 years, subsequently 55mil and 50mil due to increases of tax

All of this if only the hydropower run at full capacity
Still have to depends on the water flow rate, any dry season etc

So if the hydropower did not perform as expected, might be expect lower profit

After this Mfcb still have to find other source of revenue or business opportunity as the contract only last 25 years

Lioncity

293 posts

Posted by Lioncity > 2019-02-19 11:10 | Report Abuse

Result will be out next Tuesday 26/2

Posted by Fabien Extraordinaire > 2019-02-19 14:00 | Report Abuse

Analysts prediction quite consistent.

Maybank estimates at least RM200mil net profit.
Public Bank estimates RM200-RM260mil net profit.
Insider Asia estimation - US60-70mil net profit in first 5 years (RM240-280mil). Lower subsequently due to tax impact. Tax is exempted for first 5 years.

imlearning

869 posts

Posted by imlearning > 2019-02-20 11:21 | Report Abuse

Should I still hold this counter ?

tipumakan

209 posts

Posted by tipumakan > 2019-02-21 20:56 | Report Abuse

hold until the dam come into production at least

lai81533

987 posts

Posted by lai81533 > 2019-02-24 07:15 | Report Abuse

trending good.

shpg22

2,984 posts

Posted by shpg22 > 2019-02-24 11:27 | Report Abuse

Better sell now. When start production, result will always be lower than analyst expectation. When they want to push the price up, nice story will pop up as usual.

lai81533

987 posts

Posted by lai81533 > 2019-02-26 06:24 | Report Abuse

Target rm5. 50

lai81533

987 posts

Posted by lai81533 > 2019-02-27 00:31 | Report Abuse

Trending

Posted by Fabien Extraordinaire > 2019-02-27 15:36 | Report Abuse

Maybank raised SOP TP to 4.60

Public SOP TP remains at 4.74

Both estimates quite consistent

lai81533

987 posts

Posted by lai81533 > 2019-02-27 22:30 | Report Abuse

trending up. Hold tight tight

lai81533

987 posts

Posted by lai81533 > 2019-03-01 05:40 | Report Abuse

Market.noise

lai81533

987 posts

Posted by lai81533 > 2019-03-05 06:22 | Report Abuse

将要来了

lai81533

987 posts

Posted by lai81533 > 2019-03-06 05:01 | Report Abuse

Bullish

shpg22

2,984 posts

Posted by shpg22 > 2019-03-06 11:16 | Report Abuse

Maintained STRONG SELL.
First time registered a negative FCF. Falling deeper into debt hole and liquidity crisis looming.

limcs

157 posts

Posted by limcs > 2019-03-06 13:20 | Report Abuse

shpg22 .. really ?

lai81533

987 posts

Posted by lai81533 > 2019-03-12 19:43 | Report Abuse

Hold

lai81533

987 posts

Posted by lai81533 > 2019-03-14 05:20 | Report Abuse

Fly to usa

lai81533

987 posts

Posted by lai81533 > 2019-03-14 08:10 | Report Abuse

hold tight tight

Icon8888

18,658 posts

Posted by Icon8888 > 2019-03-15 13:32 | Report Abuse

Ricky Kiat must have bought very cheap

Ricky Kiat

1,356 posts

Posted by Ricky Kiat > 2019-03-15 13:37 | Report Abuse

bought mother n warrant last years. (^-^)

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