Posted by gemfinder > 2020-10-07 22:11 |

Post removed.Why?

Posted by gemfinder > 2020-10-07 22:11 | Report Abuse

Good,news

Posted by nicloh > 2020-10-10 17:07 | Report Abuse

I forecast MFCB will become a net cash company within 4-5 years, strong cash flow contribution every year from DG power plant

Posted by jojo85 > 2020-10-12 18:51 | Report Abuse

Will pass rm 10 like scientx..patient will be paid..

Posted by sg999 > 2020-10-12 20:42 | Report Abuse

Sleeping。。。。。。。。

Posted by gemfinder > 2020-10-13 19:47 | Report Abuse

Once fmr holdings less than 5% there wil b no more selling anouncement

Posted by Lioncity > 2020-10-14 11:07 | Report Abuse

This morning good catching at 7.04, been waiting for few days, thank you FMR

Posted by Henry8833 > 2020-10-14 11:10 | Report Abuse

They will still sell, just no need to disclose. Surprise they cannot find buyer to buy in block. Sell like this every day is costly. Mean no fund interested to buy? They must pay higher dividend to attract mutual funds.

Posted by UndukNgadau > 2020-10-14 12:03 | Report Abuse

Me too. Bought at 7.04. Still queuing more at 7.03

Posted by UPlanet > 2020-10-14 14:48 | Report Abuse

Absolutely right Henry, should propose 50% dividend policy!

Posted by gemfinder > 2020-10-14 18:05 | Report Abuse

Fmr shareholding oredi below 5%. No more everyday anouncement sell everday

Posted by sg999 > 2020-10-14 20:09 | Report Abuse

Still got 5% ready to be disposed by FMR????????

Posted by Joe Ng > 2020-10-16 11:17 | Report Abuse

Fmr sell so many shares but price didnt crash ... u think who buying? Mesti shark lah

Posted by gemfinder > 2020-10-16 16:05 | Report Abuse

after fmr sell below %, at last the sky is cleared

Posted by theintinvestor > 2020-10-16 16:26 | Report Abuse

so fast up back...zzz

Posted by pputeh > 2020-10-16 16:58 | Report Abuse

Waiting for QR before powering on......

Posted by pinnaclegrade > 2020-10-16 17:20 | Report Abuse

Breakout today ! Long white candlestick + decent volume, target price RM7.50 & beyond !!

Posted by UPlanet > 2020-10-16 18:34 | Report Abuse

Zzzz What? Still there! Aiyo, long neck to wait for fly over Rm9.00?

Posted by Lychien20 > 2020-10-16 19:23 | Report Abuse

if new QR EPS is 30 then follow glove TP=100.hahha

Posted by gemfinder > 2020-10-16 19:32 | Report Abuse

No more disposing news. Very good

Posted by Choivo Capital > 2020-10-17 22:28 | Report Abuse

I really like MFCB, but fitch just downgraded Laos from B- to CCC

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-laos-to-ccc-23-09-2020

"In addition, the state-owned electricity company, Electricite du Lao (EDL), appears to be coming under increasing financial pressure due a rapid increase in debt-financed investment and near-term cash flow issues resulting from a drought over the past year which weighed on electricity production. Outstanding debt of EDL is about USD5 billion (26% of GDP), as advised by the authorities, much of which consists of on-lending from the government. EDL poses contingent liability risk for the government if EDL is unable to meet its external debt service obligations."

EDL is the guy working with MFCB and paying MFCB for the electricity. If Laos can no longer buy from MFCB (and this is assuming no doubtful debts), can MFCB sell to other countries like vietnam etc fast enough? is the transmission lines for those built up d?

Posted by gemfinder > 2020-10-17 23:10 |

Post removed.Why?

Posted by BLee > 2020-10-18 01:05 | Report Abuse

@Choivo capital, I also likes MFCB very much. Please refer an old article to debunk your fear...
https://www.theedgemarkets.com/article/mega-firsts-laos-turbine-likely-be-installed-march
Below is an extract of a paragraph from the above article dated around Jan. 2019.
"EDL will pay Don Sahong according to the energy availability and the payments are guaranteed by the Laos’ finance ministry."
In my opinion, any financial problem of EDL shall NOT affect MFCB as payments are guaranteed.

Happy Trading.

Posted by Choivo Capital > 2020-10-18 17:08 | Report Abuse

l I agree it is guaranteed.

But here's the problem. The transmission lines now are connected only to EDL (unless im mistaken) and not to other providers as well. Which means that for now, only EDL can buy, no one else can buy from MFCB, for now.

Secondly, payments are in USD not Laotian Kip, if EDL no money, means no money, where to find USD?

Third, EDL already owes outside USD5bil.

I would keep track on the receivables if i were you.

Unless ofc, the transmission lines can sell to Cambodia directly, and the amounts paid by Cambodia goes direct to MFCB pocket.

Posted by pinnaclegrade > 2020-10-18 18:04 | Report Abuse

I think there is nothing to worry about, if you read the Fitch commentary fully..
it also states:

" A recently announced joint venture between EDL and China Southern Power Grid Co., Ltd (A+/Stable) should boost investment in the electrical transmission network, which has increasingly become a bottleneck for increasing electricity exports."

Posted by Choivo Capital > 2020-10-18 21:05 | Report Abuse

Hmm probably, the new 500kv line direct to cambodia via EDL means they can supply cambodia, i just wonder who collect on their behalf.

At only 75% efficiency so far, i think still got long way to go.

But man, we must really account for the possible risk something happen to EDL, which has increased somewhat.

Posted by pjseow > 2020-10-18 21:43 | Report Abuse

Out of 260 mw, 195 mw is sold to Cambodia ,balance is sold to Laos . There was a seperate line connected to combodia。EDL is like TNB.of malaysia. So far I have not heard TNB do not pay their IPP s even when.TNB were in the red . IF EDL do not pay, mfcb can just shut off the transmission. EDL cant give the stupid.excuse of no money when they collect money from their consumers and make a profit out of it .

Posted by BLee > 2020-10-19 09:24 | Report Abuse

@Choivo Capital, I think you missed the wording will 'pay on energy availability', which means no matter can or cannot sell, needs to pay and guaranteed by the Laos' Finance Ministry. MFCB gapped up on open trading, assume non-issue..Happy Trading.

Posted by roger1138 > 2020-10-19 09:29 | Report Abuse

QR must be very good.

Posted by Henry8833 > 2020-10-19 14:17 | Report Abuse

I think Choivo got a point. We need to monitor the receivables, which is more than RM 200m in quarter ended 30 June 2020. It is higher than the quarterly sales, means more than 3 months turnover days. I don't know the whether it is normal or not. Any one has idea on payment term?

Posted by Henry8833 > 2020-10-19 14:44 | Report Abuse

Country risk. Could this be the reason fmr selling every day?

Posted by BLee > 2020-10-19 15:19 | Report Abuse

@Henry8833, Extract from MFCB Q2(June) 2020 report for your information.
"Receivables of 215,938,000 - Increase mainly due to increase in trade receivable from EDL on higher energy sales. The average receivable turnover of EDL is 3-4 months."
Sometime increase in Receivable is good as it show expansion of business.
Happy Trading

Posted by Henry8833 > 2020-10-19 15:37 | Report Abuse

Thank you BLee for info. Let monitor this in the coming quarter to see whether it continued to increase and maintain at 3-4 months turnover day.

Posted by amet2017 > 2020-10-19 19:15 | Report Abuse

After price up suddenly become active this forum.

Posted by sg999 > 2020-10-28 11:40 | Report Abuse

Engine rosak....

Posted by pinnaclegrade > 2020-10-30 13:02 | Report Abuse

strong support at RM 7

Posted by gemfinder > 2020-10-30 16:34 | Report Abuse

luckily run 50% at 7.40

Posted by Lioncity > 2020-10-30 19:12 | Report Abuse

Good trading range between 7.00-7.50 while waiting for next qtr report. Today queued 6.91 and matched.

Posted by sg999 > 2020-10-31 11:46 | Report Abuse

Next week can get rm6

Posted by walkman660 > 2020-11-01 08:50 | Report Abuse

so funny this gemfinder, two weeks ago saying good on this counter, now then say luckily run 50%

Posted by walkman660 > 2020-11-01 08:51 | Report Abuse

this counter will reach rm 10 eventually, marks my words

Posted by jolow > 2020-11-01 09:53 | Report Abuse

5.00 coming

Posted by gemfinder > 2020-11-01 10:05 | Report Abuse

Rm5 never mind. Can buy back. Hv to c situation mah. If market sentiment too bad, sell first ma. Then buy back later. Got profit dun wa to take meh.

Posted by Lychien20 > 2020-11-01 10:14 | Report Abuse

RM0.50 coming hahaha....

Posted by gemfinder > 2020-11-01 10:18 | Report Abuse

0.50 lagi baik. . I sailang

Posted by pinnaclegrade > 2020-11-01 11:34 | Report Abuse

2nd buying opportunity after March, my bullets are ready ..

Posted by terence775 > 2020-11-03 14:18 | Report Abuse

Added more at 6.88. huat ah!

Posted by Lioncity > 2020-11-05 14:58 | Report Abuse

Hooray!
Undervalue stock that less people notices.
Any correction is golden chance to accumulate.

Posted by Joe Ng > 2020-11-06 09:21 | Report Abuse

fmr sell finished gua

Posted by Joe Ng > 2020-11-06 09:21 | Report Abuse

false breakout of support .... a bullish signal