Posted by investor77 > 2020-05-20 13:00 | Report Abuse

From Charts, price may go up some more. Call Warrant CH better value at just 1.8% and still more than 2 months to go. Wonder what is the TP now for MFCB. !

Jaks is not loss making. It is profitable. Only thing is the Commissioning of Operation Date of Turbine is delayed. When MFCB releases result, Retailers may consider Jaks as cheaper alternative. Dk66 and OTB is bullish on Jaks and anything below 1.20 is worth it.

Posted by Joe Ng > 2020-05-20 13:50 | Report Abuse

i bought some jaks too, plant operation starts in june

Posted by steady31 > 2020-05-20 16:08 | Report Abuse

RHB new target for MFCB is 6.50-7.00

Posted by gemfinder > 2020-05-21 13:42 | Report Abuse

Rm8

Posted by Jeffreyboy > 2020-05-21 14:25 | Report Abuse

steady31 really? can you share me the link.... wanna see see the RHB review

Posted by newbie8080 > 2020-05-21 14:52 | Report Abuse

Yeah. Do share the RHB review.

Posted by steady31 > 2020-05-21 17:15 | Report Abuse

not a review.it is a trading buy call by RHB.Chart pattern is very bullish cup n shoulder formation.Price target by extrapolation of this is 6.90.

Posted by popo92 > 2020-05-21 22:25 | Report Abuse

Mfcb and Jaks are in different categories in my opinion. Mfcb have a 80% stake in their power plant, and jaks only have 30% minority stake on their 1200mw power plant. What Mfcb is dealing, water which is free but uncertainty is within how much god offers you. Its not difficult for me to choose a clearer partner whom i want to work with.

Posted by JackyNg > 2020-05-23 10:45 | Report Abuse

jaks announced right issue...Good luck

Posted by limitupupup > 2020-05-23 20:26 | Report Abuse

sell, will drop more

Posted by Thelastone > 2020-05-24 06:11 | Report Abuse

Due to the Right issue, some Jaks investors might sell out and buy this instead!Good for Mfcb

Posted by investor77 > 2020-05-25 15:25 | Report Abuse

coming result on 29 th May, Thursday, will be a very good one. Price will no doubt go over 6 rgt.

Jaks rights issue is good as it gives 50% discounted price to share holders and free money in the form of Warrants, 1 for 2 rights shares at 40 cents for the rights price. Rights issue by itself can be sold as it is quoted.

recall Malayan Flour rights issue. Those that undertook rights, easily made lots of money.

Posted by Jeffreyboy > 2020-05-27 16:30 | Report Abuse

any update on MFCB QR?

Posted by MJ Lee > 2020-05-27 16:37 | Report Abuse

so far. nope.

Posted by steady31 > 2020-05-28 10:20 | Report Abuse

MFCB is back after a short consolidation.This time will go to 7.00 possibly on stromq quarter and may be bonus issue

Posted by VivoPrince > 2020-05-28 10:41 | Report Abuse

Fly MFCB, fly.

Posted by NinjaInPyjamas > 2020-05-28 10:49 | Report Abuse

Expected yearly net profit starting from this year onwards to be at USD70-75million. Cash flow of about USD80 million.
Unprecedented earnings...

Posted by steady31 > 2020-05-28 11:22 | Report Abuse

Ninja. is your figure USD 70-75 M not overly optimistic.Talking over RM 300m or 0.63 per share.Price could go to 7.63 on 12X multiple or even 9.50 on 15X

Posted by NinjaInPyjamas > 2020-05-28 11:33 | Report Abuse

No, is the most conservative calculation because of 20 years depreciation for the assets.
You can check last quarter energy sales generated by only 1 turbine ie 3 months sales to do rough estimation.

Posted by steady31 > 2020-05-28 11:41 | Report Abuse

Last quater energy sales was 30m from 85 MW over 2 months which translate to 550M sales per year on 260 MW.To achieve net profit of 300-320 M net margin has to be over 55%.May be that is possible.There is about 40m from other activities

Posted by NinjaInPyjamas > 2020-05-28 11:47 | Report Abuse

Correct, to be exact energy sales is 29.7mill. Net profit before interest, tax, depreciation is 26.4mill. Just consider it as 3 months sales n np la. Gross Profit is densely that high, if you go to AGM you will know

Posted by NinjaInPyjamas > 2020-05-28 11:48 | Report Abuse

"definitely" i meant

Posted by steady31 > 2020-05-28 12:13 | Report Abuse

I guess we wont have to wait long.By this weekend,1Q20 will come out and confirm this.Is this why the price is moving up nicely with small gains each time as the intrinsic value is much higher like in the 8.00s .Surely those buying expect at least 20-30% MARGIN

Posted by Jeffreyboy > 2020-05-28 12:17 | Report Abuse

MFCB possible coming QR (Jan-Mar20) will contributed EPS 15-20cents / Quarter?

Posted by Hock Chai Tern > 2020-05-28 13:04 | Report Abuse

13-15cents

Posted by pjseow > 2020-05-28 13:06 | Report Abuse

I think mfcb Q1 result will be out today. Estimated eps to be between 12 to 15 s due to dry season from Jan to March . The power plant only run 3 turbines instead of 4. However, the lower interest rates plus higher exchange rates will help eps and compensate for the loss due to dry.season. My opinion.

Posted by steady31 > 2020-05-28 13:24 | Report Abuse

My estimate 15-17 cents pegging annual eps of 63 cents.Price steady to 7.00

Posted by NinjaInPyjamas > 2020-05-28 15:10 | Report Abuse

Yes, Jan-Mar is driest season, lowest precipitation. Most rainfall will be in July-Sept yearly which gives higher output. So the weakest quarter yearly coming up today

Posted by Jeffreyboy > 2020-05-28 15:23 | Report Abuse

well noted.
during dry season, if 13-15 cents... also consider good....

Posted by steady31 > 2020-05-28 15:54 | Report Abuse

sold a few to test who is buying at 6.00s Foreign.Broker 31,36 .
and Maybank,all acting for big names.For sure 7.00 and higher if they buy at 6.00

Posted by pjseow > 2020-05-28 17:16 | Report Abuse

mfcb result is out. EPS is 13.49 s which is within our estimation

Posted by gemfinder > 2020-05-28 17:16 | Report Abuse

Wow good result. Tomorow heading to 7

Posted by SteelTerminator > 2020-05-28 17:50 | Report Abuse

congratz to all solid and quality shareholder here.

Posted by Thelastone > 2020-05-28 17:53 | Report Abuse

Ya with such results can dismissed lots of doubts and uncertainties.More investors esp institutional can buy it up

Posted by pputeh > 2020-05-28 20:03 | Report Abuse

Glad i Managed to collect a couple of lots in the past 2-3 weeks @ 5.30. Small investment will lead to big things to come.

Posted by KL Tneoh > 2020-05-29 09:53 | Report Abuse

Maybank upgraded TP to $6.5 !

Full year earning estimated to 66 cents per share

Posted by MJ Lee > 2020-05-29 10:12 | Report Abuse

yeah. good result. long term holder sure benefited from this business

Posted by steady31 > 2020-05-29 10:14 | Report Abuse

PB IB revised up TP to 6.72.So if funds buy at 6.30s what level do you think they will sell

Posted by SteelTerminator > 2020-05-29 12:27 | Report Abuse

congratzzzzz.... sky is the limit!!! GOGOGOGOG

Posted by SteelTerminator > 2020-05-29 12:29 | Report Abuse

if dividend declare at 30cents/ 50% dividend MFCB should stand at PE12- PE15. RM7-RM9 cannot runnnnn!!!

Posted by probability > 2020-05-29 12:32 | Report Abuse

congrats pjseow...MFCB is such a superb stock

thought i could get it cheap..but missed it

Posted by liang408 > 2020-05-29 12:34 | Report Abuse

After super b there is PESTECH coming

Posted by pjseow > 2020-05-29 12:36 | Report Abuse

Thank you probability. I thought you bought some earlier at below 5.00-

Posted by probability > 2020-05-29 12:38 | Report Abuse

yes, but sold and bought other stocks when market crashed earlier...


today, my portfolio is back to breakeven for 2020

Posted by gemfinder > 2020-05-29 13:10 | Report Abuse

I want bonus!!!!!

Posted by pjseow > 2020-05-29 14:50 | Report Abuse

probability, mfcb is my saviour this year . It has gone up.30% since the close of 5.00 at the end of 2019. I believe mfcb still has room.to go up further when the power plant hit the 90 and 98 % utilization not to mention the potential of the 5th.turbine plus its other businesses.

Posted by steady31 > 2020-05-29 15:04 | Report Abuse

PJSeow,what level do you think MFCB can go to.QL is 9.70 on eps of 0.15, Tmecom 11.10 on eps 0.59,Topglove 13.20 on eps 0.15

Posted by pjseow > 2020-05-29 16:02 | Report Abuse

steady31, I estimated mfcb total eps for this year to be about 65s . A PE of 15 is reasonable in view of its consistent earning for many years to come plus its commitment on.paying a generous dividend.

Posted by steady31 > 2020-05-29 16:08 | Report Abuse

PJ,looks like it as funds seem to be still buying at this level.AT 15X the price level would be 9.70s ,which is a good 48% return from 6.60

Posted by SteelTerminator > 2020-05-29 16:34 | Report Abuse

agreed with you pjseow... lets polish this gem nice nice