Posted by pjseow > 2020-02-06 09:32 | Report Abuse

With the COD certificate , MFCB is riding.the next wave of uptrend to reach the public.invest tgt.price. Expect similar tgt price upgrade of by Maybank too.

Posted by gemfinder > 2020-02-06 09:56 | Report Abuse

fmr kepp buying mfcb.. gooddd

Posted by Jaack1 > 2020-02-09 16:54 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3022042

Posted by kenken85 > 2020-02-09 18:28 | Report Abuse

the share market doing badly. n this share still not dropping. sien. boring.

Posted by Ricky Kiat > 2020-02-15 10:44 | Report Abuse

dumb dumb hold (Ricky's trade mark)

Posted by Joe Ng > 2020-02-15 18:21 | Report Abuse

Stfu shareinvestor88

Posted by pjseow > 2020-02-17 09:56 | Report Abuse

MFCB is a.good stock.to hold.for long term . The past 18 years record showed mfcb had never lose money in any single qtr. The earnings.has.grown.from about 20 million.per year in 2002 to about 130 million in 2018, a 6.5x growth in.16 years. With.the expected.earning.of 250 million from the Don Sahong power plant, the earning.growth is 12x.which.is phenominal .This is translated to an annual growth rate of about 15%. With the expected 30 sen dividend per year, this stock.can attract more foreign institutional buyers.

Posted by Ali Baba > 2020-02-17 13:47 | Report Abuse

with 5th turbine complete n power up, we shall see 90 cent eps with pe 10 share price should trade at least RM9 n above

Posted by kenken85 > 2020-02-21 10:19 | Report Abuse

i almost fall asleep here.. anything exciting happening here? where is shareinvestor88? can u tell me some joke pls?

Posted by pjseow > 2020-02-21 11:22 | Report Abuse

kenken85, ya, mfcb forum is not as exciting as dayang or jaks . The Q 4 result will be out soon. According to both public invest and maybank, Q4 2019 will.deliver a bumper earning due to one off lower project cost adjustmentb of about US 35 million plus revenue of about RM 12 to 25 million from selling electricity during testing .These one off item alone are more than rm.100 millions. You will jump up from your sleep.haha

Posted by kenken85 > 2020-02-21 13:50 | Report Abuse

hahaha. .. actually won't make me jump also. as kyy said, won't sell a share unless it's profit drop. up how much also nonse of my business. jus keep for dividend mon

Posted by The_Reds > 2020-02-21 13:54 | Report Abuse

Haha, I'm sleeping soundly with my money inside here...anyway everyone edy expect a good qr, so the real excitement is how much dividend will be given later

Posted by pjseow > 2020-02-23 12:55 | Report Abuse

Kenken and The Reds, a big number of mfcb investors including myself are awaiting a dividend of 30 sen per year as predicted by public invest. I hope they will.announce it within.these few months.

Posted by gemfinder > 2020-02-23 13:42 | Report Abuse

Worth at least rm7

Posted by gemfinder > 2020-02-24 09:13 | Report Abuse

add 5.15

Posted by kenken85 > 2020-02-24 20:54 | Report Abuse

ya shareinvestor88. i listen to u .. u are the best =)

Posted by probability > 2020-02-25 17:32 | Report Abuse

20 cents...mind blowing!

Posted by ramada > 2020-02-25 17:36 | Report Abuse

20.67 sen.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=3069

Posted by pang72 > 2020-02-25 17:37 | Report Abuse

Wow..

Posted by pang72 > 2020-02-25 17:38 | Report Abuse

So...... Geng

Posted by gemfinder > 2020-02-25 17:42 | Report Abuse

Huat ahhhhh. Luckily add more

Posted by The_Reds > 2020-02-25 17:45 | Report Abuse

welcome to cash cow club...

Posted by pjseow > 2020-02-25 17:58 | Report Abuse

I expect.more actually. like 100 million. Anyway, it is a record profit not only for the qtr but for the whole year of 2019. Cheers 。 Dividend of 6 s is.
also the highest since 2012. Hopefully second half dividend will be 24 sen to give a total of 30 s.. Tomorrow will explode.

Posted by ramada > 2020-02-25 18:05 | Report Abuse

Pre-tax profit jumped six times to RM98.3 million (3Q2019: RM14.1 million), driven by higher physical completion, one-off RM39.4 million adjustment to construction profit and inaugural income from energy sales of RM29.7 million.

Posted by Huat1 > 2020-02-25 18:15 | Report Abuse

Congrats

Posted by utopia86 > 2020-02-25 18:35 | Report Abuse

"Group earnings is expected to receive a significant boost from the full year commercialisation of the Don Sahong Project in 2020. The expected net earnings from energy sales in 2020 is expected to MORE than compensate for the loss of construction profit recognition that ended in 2019." Extracted from the report.

Cash cash cash is coming in.

"Don Sahong has effectively started full commercial operations from 7 January 2020 with most of the power being evacuated and sold by EDL to Cambodia. " Extracted from the report.

Cash cash cash is coming in.

Posted by Cakes Moon > 2020-02-25 18:43 | Report Abuse

Hoseh! Tomorrow gap up 20 cents!

Posted by The_Reds > 2020-02-25 19:05 | Report Abuse

"During the period to 31 December 2019, Électricité du Laos (“EDL”) was able to evacuate only up to 85 MW of power while awaiting the completion of the new 500KV transmission line to
Cambodia."

This contributed to pre-tax profit of RM29.7 million inaugural income from energy sales.

The max capacity of Don Sahong is 260 MW, so u all can roughly guess the energy sales profit for next quarter

Posted by theintinvestor > 2020-02-25 22:28 | Report Abuse

warrant or mother better now?

Posted by probability > 2020-02-25 22:57 | Report Abuse

Interesting indeed....

Posted by The_Reds > Feb 25, 2020 7:05 PM | Report Abuse

"During the period to 31 December 2019, Électricité du Laos (“EDL”) was able to evacuate only up to 85 MW of power while awaiting the completion of the new 500KV transmission line to
Cambodia."

This contributed to pre-tax profit of RM29.7 million inaugural income from energy sales.

The max capacity of Don Sahong is 260 MW, so u all can roughly guess the energy sales profit for next quarter

Posted by shareinvestor88 > 2020-02-26 00:50 | Report Abuse

What apoor result. Sell sell

Posted by pjseow > 2020-02-26 08:02 | Report Abuse

The Reds and Probability, the ptetax profit of rm 29.7 million is from B1 of the report. However, from.B2, the pretax profit from energy sales is stated as 26.4 million. When the power run full swing.of 260MW since 7 Jan 2020, the proportionate pretax profit from Don Sahong will be 260X26.4/85= 80.75 million. Whole year pretax profit will be rm 323 million. The first five years is tax exempted. Assuming the Resource and property division deliver another 20 million profit, total profit per year will be rm 343 million. This will translates into 76 s eps. The assumption is 450 million shares and excluding the fifth turbine.progress income. The projected 30 sen dividend per year is about 40 % of profit.

Posted by GeniusTinker > 2020-02-26 08:03 | Report Abuse

Don’t mislook the one off gain 39.4 million due to revision of lower construction cost (USD 9.5 million). The actual profit for current quarter is about 46 million.

Posted by pjseow > 2020-02-26 08:10 | Report Abuse

Genius Tinker, the above estimation is strictly.from eneergy dales . I knew the.one off adjustment of project cost of 39.4 million.

Posted by pjseow > 2020-02-26 08:24 | Report Abuse

The gross profit margin for Energy sales is 26.4/35 .1 which is a hefty 75% . Where can you find such lucrative business with such margin. KYY repeatedly said he could not find a.better stock than dayang. In my opinion, mfcb is a better bet . First , it has a 25 year order book of 10 billions. Second a good gross.margin of 75 %. Third, an earning growth of more than 100 % this year compared with 2019. Fourth, mfcb is expected to reward.shareholder.with.good dividend .

Posted by The_Reds > 2020-02-26 08:24 | Report Abuse

Good calculation pjseow...let the market decides what's the fair price for this counter

Posted by shareinvestor88 > 2020-02-26 08:25 | Report Abuse

Dow down. Told ya better sell

Posted by shareinvestor88 > 2020-02-26 08:46 | Report Abuse

Run Run

Posted by gemfinder > 2020-02-26 09:22 | Report Abuse

add little 5.51

Posted by shareinvestor88 > 2020-02-26 09:30 | Report Abuse

Add a little ??

Posted by KL Tneoh > 2020-02-26 09:49 | Report Abuse

Maybank just upgraded TP to $6.10 from $5.50

Posted by Jaack1 > 2020-02-26 10:05 | Report Abuse

Mr Tneoh - can you kindly share this report?
Tks

Posted by KL Tneoh > 2020-02-26 10:07 | Report Abuse

Is a PDF file can't share it here

Posted by VivoPrince > 2020-02-26 10:12 | Report Abuse

Below is excerpt from the Maybank IB Research note on MFCB

A strong finish
FY19 results were significantly above our/market expectations due to one-off gains from construction profit and tax reversal in 4Q19. More importantly, Don Sahong was formally completed, and delivered its maiden energy sales. Reiterate BUY with a higher MYR6.10 TP (+11%) as Mega First transitions from accounting profits to actual cash generation in FY20.

Results significantly above
Excluding unrealised forex and fair-value adjustments, Mega First’s 4Q19 core net profit of MYR84m (+163% YoY, +484% QoQ) brings FY19 core net profit to MYR152m, 50%/47% above our/consensus forecast. The beat was mainly due to: 1) a one-off MYR39m gain in construction profit in 4Q19 following a downward revision to Don Sahong’s construction cost, and 2) a MYR14m deferred tax reversal following a reduction in Laos’ corporate tax rate. A 6en DPS was declared for FY 19 (+50% YoY), representing a 17% DPR.

Maiden (test) energy sales
The Don Sahong dam was completed in 4Q19, and delivered MYR30m of pre-tax profit from test energy sales in the quarter. The dam was commissioned in Jan 2020, and would thus contribute a full year’s worth of earnings and cashflow to Mega First in FY20. Separately, pre-tax profits of both the Resources and Property segments were lower sequentially in 4Q19 due to revenue softness.

Reiterate BUY
We raise our FY20/21 net profit by 38%/34% respectively as we reflect higher contributions from Don Sahong. Our TP is consequently raised to MYR6.10 (from MYR5.50). Our TP is based on a sum-of-parts, with power (Don Sahong) valued on DCF, resources at 12x PER, and property valued at book value. We have not yet included the proposed fifth turbine expansion at Don Sahong into our forecasts.

Posted by Jaack1 > 2020-02-26 10:17 | Report Abuse

VivoPrince - Thanks for sharing

Posted by pjseow > 2020-02-26 10:19 | Report Abuse

Vivo Prince, thanks.for sharing.

Posted by pjseow > 2020-02-26 10:36 | Report Abuse

Public invest maintain tgt price at 6.29

Posted by VivoPrince > 2020-02-26 10:37 | Report Abuse

Most welcome, @Jaack1 and @pjseow. Don't forget to also read Public Bank's research which is posted on the Market Buzz section above.

Posted by Jaack1 > 2020-02-26 10:40 | Report Abuse

Latest PB report on MFCB
https://klse.i3investor.com/servlets/ptres/54294.jsp

Posted by pjseow > 2020-02-26 11:04 | Report Abuse

Jaack. Thanks for sharing too.