Posted by limcs > 2020-01-13 09:19 | Report Abuse

关键性的辽国--柬埔寨500KV输电网工程如期完工，为2020年1月7日的两国首次电网接通输电打下了坚固的基础。

1月7日下午5时顺利的把电流输送到柬埔寨后，美佳第一（MFCB，3069）持有80%股份的东萨宏水电站内一片欢呼声，

在场的两国能源部官员与工程师们拍手庆祝，大家都知道这一天来之不易。

官员们分别在两地举行了简单的祭拜仪式，感谢上天保佑水电站在经历了超过15年的策划与建设，终于顺利供电。

美佳第一发展的东萨宏水电站因为地理位置与优越的地形及水资源丰富关系，从一开始就受到了各个利益集团的关注，在种种方面不断的提出反对，但最终还是过关斩将，把这个助力辽国成为“东南亚蓄电池”的关键发电站完美竣工。

https://www.facebook.com/groups/726842394052430/permalink/3410833765653266/

Posted by limcs > 2020-01-13 10:40 | Report Abuse

@shareinvestor88 , what price unload or load ? :)

Posted by utopia86 > 2020-01-13 11:07 | Report Abuse

@shareinvestor88, You have been talking about TP and sell since RM4.5, but why are you still holding MFCB ticket until now?

Posted by lloydlim > 2020-01-13 13:29 | Report Abuse

One day we shall c MFCB trading at 7 so just be patience.

Posted by utopia86 > 2020-01-13 14:54 | Report Abuse

It's just like, "see there is a car accident", so don't drive any car to prevent the accident. Better stay at home and do nothing. Zero risk, zero return.

Posted by Davidl > 2020-01-13 16:14 | Report Abuse

Perhaps shareinvestor88 is waiting for correction to reenter.

Posted by Samtuckfatt > 2020-01-13 17:47 | Report Abuse

Shareinvrstor88 must be very happy because it drop 2Cent today after his sell call moon ago.

Posted by KL Tneoh > 2020-01-14 08:41 | Report Abuse

Full transmission power (195MW) to Cambodia started

http://annx.asianews.network/content/laos-begins-transmission-195mw-electricity-cambodia-111890

Posted by pjseow > 2020-01-14 10:53 | Report Abuse

KL Tneoh , thanks for sharing

Posted by gemfinder > 2020-01-14 12:06 | Report Abuse

rm6 coming!!!!

Posted by limcs > 2020-01-14 12:16 | Report Abuse

Wow good news !

Posted by Samtuckfatt > 2020-01-14 12:55 | Report Abuse

Good news KL Tneoh.

Posted by The_Reds > 2020-01-14 13:15 | Report Abuse

Laos is damn good in doing bizness...

Posted by Samtuckfatt > 2020-01-14 15:27 | Report Abuse

Fully utilise the natural resources to produce & sale electricity.

Posted by limcs > 2020-01-14 19:31 | Report Abuse

@shareinvestor88, welcome back :)

Posted by imlearning > 2020-01-15 10:58 | Report Abuse

Everybody hold tight ,huat huat huat !!!

Posted by Samtuckfatt > 2020-01-15 15:53 | Report Abuse

Shareinvestor88, ya, don't hold, just let go..
Put in freeze or safety box.

Posted by Collin Soo > 2020-01-15 15:55 | Report Abuse

Congratulation to all shareholders..Although i don't have MFCB, but i hope my JAKS will perform well like MFCB by end of this year.

Posted by VivoPrince > 2020-01-15 17:26 | Report Abuse

Holding steady but finding it tough to sustain above RM5.50.

Posted by Samtuckfatt > 2020-01-15 17:33 | Report Abuse

Collin Soo, sure, today Jaks already on the move.

Posted by Collin Soo > 2020-01-15 17:38 | Report Abuse

Samtuckfatt, thanks. Sky is the limit for both MFCB and Jaks now!

Posted by Jaack1 > 2020-01-16 09:43 | Report Abuse

https://cdn1.i3investor.com/my/files/dfgs88n/2020/01/16/1512572546--614335868.pdf

PUBLIC INVESTMENT BANK LATEST REPORT. 12 MONTHS TARGET RM 6.29

Posted by gemfinder > 2020-01-16 10:23 | Report Abuse

6.29 TP !!!!!! YAHOOOO

Posted by pjseow > 2020-01-16 10:34 | Report Abuse

Jaack, thanks fir sharing the good news. Tgt price increased from.rm 5.71 to 6.29 。MFCB will continue to move up

Posted by probability > 2020-01-16 22:36 | Report Abuse

MFCB - Begins Transmission To Cambodia

Date: 16/01/2020

Source : PUBLIC BANK
Stock : MFCB Price Target : 6.29 | Price Call : BUY
Last Price : 5.46 | Upside/Downside : +0.83 (15.20%)



We came away from our meeting with Mega First (MFCB) last Friday with the confirmation that constructions of the Don Sahong Hydropower plant together with the transmission lines in Laos and Cambodia have been fully completed. All four turbines are fully commissioned amid the on-going dry season in Laos. The company is also escalating the process for the construction of a 5th turbine which is expected to take about 2 years. Given the softer global interest rate environment, we impute lower borrowing costs at both the operating (Don Sahong plant) and Group (MFCB) levels, which consequently lifts our SOP based TP to RM6.29 (RM5.71 previously). Outperform call is affirmed.

Selling 195MW to Cambodia. 195MW of power generated from 3 turbines is transmitted from the plant in the Champassak province to the Stung Treng electricity substation in Cambodia through the new high voltage 500kV transmission lines. The remaining 65MW will be channeled to the Ban Hat substation for domestic usage. Under the purchase agreement, the Cambodian government will buy a total of 2,900MW from Laos between 2020 and 2027, of which 500MW will come from hydropower plants at a price of 7.29 US cents/kWh and 2,400MW from coal-fired power plants for 7.70 US cents/kWh. Meanwhile, Electricite du Laos will purchase the power from the Don Sahong hydropower plant at a price of 6.15 US cents/kWh based on a “take or pay” basis.

Depending on the availability of electricity production. Though the four turbines have a combined installed capacity of 260MW/hour which can generate up to 2,000 GWh p.a., electricity production will ultimately be subject to water levels. Based on our channel checks, water levels have dropped by 10% from its normal level as the country is currently experiencing dry weather conditions until late-April. The utilization rate is expected to be lower in the coming months, averaging 76%-81%. Our assumption is based on a full-year utilization rate of 88% as electricity production could potentially hit maximum capacity during the wet period in May-Sept.

5th turbine on the way. Management has received approval-in-principle for a 5th turbine at the same site. The targeted capacity is around 50MW-65MW with an expected capex of USD50m-60m. Management plans to speed up the approval process before its EPCC contractor, Sinohydro re-mobilizes its resources elsewhere. It will be a key re-rating catalyst for the Group, potentially contributing an additional 20%-25% to the Group’s bottomline starting from 2022.

Lower borrowing costs. We cut our assumption on the finance cost by 1.5% at both the operating (Don Sahong) and Group (MFCB) levels in light of the softer interest rate environment. However, the earnings impact is relatively small as the cost saving was offset by lower earnings forecasts on the resources segment given the weak global demand. Our TP is consequently lifted to RM6.29 from RM5.71. Meanwhile, management had earlier guided that the Don Sahong project cost will be lowered from USD401m to USD366m given the lower-than-expected borrowing costs

Posted by pjseow > 2020-01-16 23:38 | Report Abuse

probability. welcome to mfcb forum

Posted by limcs > 2020-01-17 09:38 | Report Abuse

interested in what is maybank's point of view :P

Posted by pjseow > 2020-01-17 10:57 | Report Abuse

limcs, sure we are interested. Had maybank.given.a.similar upgrade like what public invest did? The.last tgt price.from maybank.was 5.50.

Posted by limcs > 2020-01-17 11:04 | Report Abuse

@pjseow, hopefully maybank can give higher tp :) such as RM 9 !
just kidding

Posted by pjseow > 2020-01-17 15:22 | Report Abuse

limcs, I think.maybank.might give higher tp of around 6.00 but not 9 .

Posted by limcs > 2020-01-17 15:51 | Report Abuse

@shareinvestor88, you buy back ?

Posted by utopia86 > 2020-01-17 16:13 | Report Abuse

I honestly think that @shareinvestor88 is one of the stock market guru who constantly on sell call so that he can collect. He might potentially holding huge amount of sold ticket from the sell call. He is extremely smart!!

Posted by LouiseS > 2020-01-21 11:50 | Report Abuse

MFCB's main business segment is building and operation of the new power plant at Laos.

MFCB's earning performance has been overall rising in last five years, whereby its earning per share overall increased from 27.5 sen to 33sen. This is reflected in current rise in the share price, outlook in next few years is promising as power plant in Laos commence operation. MFCB pays dividend consistently in the last five years, whereby dividend per share ranged from 4 to 8 sen per share. In FY2018, total dividend paid to shareholders was 4 sen per share, amounting to a dividend yield of 0.72%. Currently the P/E ratio is ~24.

https://louisesinvesting.blogspot.com/2020/01/comments-on-mega-first-corp-bhd-3069.html

Posted by pjseow > 2020-01-21 17:44 | Report Abuse

LouiseS, Public Invest upgraded the tgt prices a few times premised on.2020 earnings when the Don.Sahong power plant went operation with projected eps of 50 sen. The forward looking PE is 11 instead of 24 of past earnings. The other attraction.is the projected dividend of 30 sen which will.give a dividend yield of 5.5 % at current price.

Posted by kenken85 > 2020-01-22 18:08 | Report Abuse

I agree v u 88. I run also

Posted by Joe Ng > 2020-01-22 18:47 | Report Abuse

Great chance to collect

Posted by pjseow > 2020-01-22 22:46 | Report Abuse

The last public.invest report highlited that the Don Sahong power plant is capable to.produce 2000GW of electricity per year. With.the average of US 0.07 per kwh , the annual revenue is rm 460 million. With the estimated earning of 250 million, the gross margin is 54%.With full conversion of warrants in April , the total number of shares is 474 million which will give an eps of 53 sen. .With estimated eps of 5.sen from the resource and property division.and another 8 sen from the5th turbine project, the total eps will be about 66sen.

Posted by gkyt88 > 2020-01-23 08:26 | Report Abuse

collect n wait

Posted by lloydlim > 2020-01-23 14:04 | Report Abuse

Beware of correction guys!

Posted by Openfire > 2020-01-28 13:59 | Report Abuse

Oh yes, my dearest shareinvestor88 you're back. I have been seeing you deleting all previous comment you made. How are you?

I will quote your comment next time.

Posted by shpg22 > 2020-01-29 16:24 | Report Abuse

Not correction. Its reality check

Posted by limcs > 2020-01-29 19:21 | Report Abuse

Slow and steady ...mfcb’s character

Posted by The_Reds > 2020-01-29 20:25 | Report Abuse

just a minor correction...chill la

Posted by limcs > 2020-01-30 09:30 | Report Abuse

https://www.facebook.com/groups/726842394052430/permalink/3462375487165760/

wow , COD

Posted by Jaack1 > 2020-01-30 16:37 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3019667

Posted by steady31 > 2020-01-30 16:44 | Report Abuse

if US funds buy at 5.26 expect MFCB price to go up by at least 30% to 6.80 before they consider selling

Posted by The_Reds > 2020-01-30 18:09 | Report Abuse

although US fund only top up a bit compared to their current 7% stakes, at least it shows their confidence in this company

Posted by gemfinder > 2020-01-30 22:08 | Report Abuse

Fmr llc buying... goood

Posted by The_Reds > 2020-02-03 20:07 | Report Abuse

MFCB has found a support at 5.20...

Posted by boeyks > 2020-02-04 10:30 | Report Abuse

Hi I am new Can I do a warrant conversion on line ? And how to do it Would appreciate for some assistance as new