MEGA FIRST CORPORATION BHD

KLSE (MYR): MFCB (3069)

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Last Price

4.84

Today's Change

+0.06 (1.26%)

Day's Change

4.73 - 4.85

Trading Volume

1,241,500


17 people like this.

3,630 comment(s). Last comment by troy88 2 days ago

linjie

187 posts

Posted by linjie > 2021-01-21 22:08 | Report Abuse

maybe some ppl already know insider news and keep accmulate

Calvin882

1,562 posts

Posted by Calvin882 > 2021-01-22 17:47 | Report Abuse

Looking good

Posted by Bullish2021 > 2021-01-23 18:37 | Report Abuse

Stale bull already ...stock in deep slumber , may be comatose...

Posted by TailWagsDog > 2021-01-24 13:47 | Report Abuse

Will break new high within 2 weeks.

sg999

1,745 posts

Posted by sg999 > 2021-01-24 21:46 | Report Abuse

Target how much???

Jilohhuat

177 posts

Posted by Jilohhuat > 2021-01-24 21:58 | Report Abuse

Tp 8.62 by PB

Posted by Bullish2021 > 2021-01-25 16:21 | Report Abuse

Share is cheap but is a value trap. No more excitement in this stock... will drift to 6.

cygoh1

12 posts

Posted by cygoh1 > 2021-01-25 17:24 | Report Abuse

Do wait final quarter result released direction of the company before make any judgement.

pputeh

698 posts

Posted by pputeh > 2021-01-26 15:34 | Report Abuse

Hope announcement will be made today

MCDIDDY

94 posts

Posted by MCDIDDY > 2021-01-26 16:32 | Report Abuse

No liquidity la this stock, they need to issue bonus. Volume so thin..

cygoh1

12 posts

Posted by cygoh1 > 2021-01-26 16:34 | Report Abuse

what announcement expected by today?

pputeh

698 posts

Posted by pputeh > 2021-01-26 20:02 | Report Abuse

QR

Posted by pinnaclegrade > 2021-01-26 20:08 | Report Abuse

QR should be 25th Feb, I believe

BASforce

220 posts

Posted by BASforce > 2021-01-26 23:32 | Report Abuse

sleeping beauty long time already... haizzz

Posted by kennygoh97 > 2021-01-27 21:07 | Report Abuse

yes, liquidity is too low, management need to plan for share bonus or split to activate this stock.

bwho

86 posts

Posted by bwho > 2021-01-28 21:20 | Report Abuse

500 million share paid up still low liquidity, old man counter

kenken85

724 posts

Posted by kenken85 > 2021-01-29 11:37 | Report Abuse

anyone feeling anything? i think it is coming.

ckchung

55 posts

Posted by ckchung > 2021-01-29 11:41 | Report Abuse

some thing is on the way! hold tight!

Posted by Bullish2021 > 2021-01-29 12:28 | Report Abuse

Can anyone confirm if they have won LSS 4 ?

terence775

550 posts

Posted by terence775 > 2021-01-29 12:32 | Report Abuse

If anyone can confirm that, they wouldn't tell you in a public forum....

Posted by Bullish2021 > 2021-01-29 12:49 | Report Abuse

True ..may be that is why stock is up today

linjie

187 posts

Posted by linjie > 2021-01-29 12:56 | Report Abuse

for current business, EPS 70cent, it should worth at least RM10.50 based on PE15, don't forget they got packaging business which will grow 100% by end of 2021 or 2022, of course LSS4 is coming

Calvin882

1,562 posts

Posted by Calvin882 > 2021-01-29 13:28 | Report Abuse

Waiting for formal announcement

kenken85

724 posts

Posted by kenken85 > 2021-01-29 13:43 | Report Abuse

it is up because it is undervalued. LSS4 or not, this is still undervalued. boss say before win LSS4 is mainly for the popularity, not a high margin project, but it will put MFCB into a new sector and ppl will change its PE to 15-20 rather than now PE of 12.

linjie

187 posts

Posted by linjie > 2021-01-29 14:11 | Report Abuse

ya, they also got solar project on going for small scale

linjie

187 posts

Posted by linjie > 2021-01-29 21:35 | Report Abuse

we'll see the best in the history QTR coming, it secured 4 solar C&I projects with total installed capacity of 16mw, will contribute starting from 2021

linjie

187 posts

Posted by linjie > 2021-01-29 21:36 | Report Abuse

TP - RM10 will be short term target

Posted by Bullish2021 > 2021-01-29 22:08 | Report Abuse

Yes, share is cheap but it will never realise its full potential... it will remain cheap unless bonus issue or a clear dividend policy ...but don’t hold your breath

lotuseater

150 posts

Posted by lotuseater > 2021-01-30 00:27 | Report Abuse

How sure are u? U own the company? Cut out the pessimism and cynicism, please.

lotuseater

150 posts

Posted by lotuseater > 2021-01-30 00:28 | Report Abuse

The price has doubled over the past 12 mths, still not good enough?

pjseow

2,264 posts

Posted by pjseow > 2021-01-30 11:20 | Report Abuse

MFCB is undevalue . For a company like mfcb which has never lose money in the last 20 years and has been.growing its revenue and earnings with compounded double digit growth deserve a higher PE than the current PE of 11.The Don Sahong power plant with 25 years agreement provide a stable.cash flow and income while growing its other Solar power and packaging business . Comparing with the current techology.stocks with PE between.50 to 100, mfcb easily.deserve a PE of more than.15.

BLee

745 posts

Posted by BLee > 2021-01-31 12:47 | Report Abuse

@pjseow, totally agreed with you. Now, MFCB shares price on the path of uptrend amid some hiccups, will meets the PE you mention..Happy Trading

cygoh1

12 posts

Posted by cygoh1 > 2021-02-01 15:17 | Report Abuse

not much retailers interested yet, need something extraordinary as booster

newbie8080

2,731 posts

Posted by newbie8080 > 2021-02-01 16:23 | Report Abuse

Probably due to limited upside in earnings since its estimated annual earnings are between RM300mil to RM330mil.

Target price is between RM7.80 (PE=13x) to RM9.00 (PE=15x), limited upside to price as well.

lotuseater

150 posts

Posted by lotuseater > 2021-02-01 18:11 | Report Abuse

An update of 25% (RM9) from current price (RM7.16) is called “limited upside”?

lotuseater

150 posts

Posted by lotuseater > 2021-02-01 18:14 | Report Abuse

Steady annual profit of RM300m over the next 25 years is called “limited earnings upside”?
Take a look at how much of FCF it gets if they achieve that kind of profit every year & how much dividends it can declare.

pjseow

2,264 posts

Posted by pjseow > 2021-02-01 19:20 | Report Abuse

Although the earnings is between rm 300 to 330 million per year, its FCF is about rm450 million which.is about rm 1.00 per share .The earlier prediction.of 30 s per share for dividend may not materialise due to heavy investment in packaging and other businesses , I think 20 s per share of dividend should be reasonable

cygoh1

12 posts

Posted by cygoh1 > 2021-02-01 19:59 | Report Abuse

hopefullt company gradually increase the dividend/set the future dividend policy

pjseow

2,264 posts

Posted by pjseow > 2021-02-02 10:12 | Report Abuse

When MFCB pay off its borrowings in the next 2 to 3 years, I think it can easily pay 30 sen.dividend per share .

pjseow

2,264 posts

Posted by pjseow > 2021-02-02 10:27 | Report Abuse

MFCB is one of the 11 stocks recommendrd by IBs that investors should own in 2021. Strong future cash flow, low PE plus good potential growth of its 2 other businesses which is Solar power generation.and packaging. Its founder and CEO mr Goh is ranked 30th richest man in Malaysia with the strong growth in.Market Cap for MFCB and D &O in 2020.

newbie8080

2,731 posts

Posted by newbie8080 > 2021-02-02 19:00 | Report Abuse

@lotuseater

Yup. Limited upside.

Reason is becoz normally for power producer once we're able to know their maximum earnings potential, you may compute specific target price.

Seldom will reach the targeted price but rather trade between 80%-90% of TP.

ANother reason is becoz it's planning to provide high dividend yield.

High dividend yield counters have lower capital appreciation.

FOr MFCB, in order for the counter share price to appreciate further, it needs to have a catalyst or news.

Jack888

838 posts

Posted by Jack888 > 2021-02-03 06:42 | Report Abuse

uptrend.... price break out...buy more.

Diogo_Jota

189 posts

Posted by Diogo_Jota > 2021-02-03 11:08 | Report Abuse

Time to buy

Calvin882

1,562 posts

Posted by Calvin882 > 2021-02-03 14:57 | Report Abuse

Bought more of MFCB

Diogo_Jota

189 posts

Posted by Diogo_Jota > 2021-02-03 15:52 | Report Abuse

Lets go break RM7.5

pjseow

2,264 posts

Posted by pjseow > 2021-02-03 16:24 | Report Abuse

In another 2 to 3 weeks, mfcb will release its Q4 result . Based on.Public invest report, the availability factor for Don Sahong power plant will be higher than 92.2 % since Q4 is wetter than Q3 . The resource division.is also expected to do slightly better than.Q3. I think Q4 will make record profit. Hope it can hit 100 million .

Posted by Innerpeacee > 2021-02-03 17:20 | Report Abuse

Been following this counter since 6ish and finally on board today. Hi MFCB holders

RJ87

5,098 posts

Posted by RJ87 > 2021-02-04 08:50 | Report Abuse

Limited upside if doesn’t turn on few more turbines or install few more panel.

But its, as long as paying 50sen per share for next 25 years...I’m more than happy to keep it for retirement

Jack888

838 posts

Posted by Jack888 > 2021-02-04 09:31 | Report Abuse

Waiting 8.00

Calvin882

1,562 posts

Posted by Calvin882 > 2021-02-04 09:33 | Report Abuse

TP is 8.6

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