MEGA FIRST CORPORATION BHD

KLSE (MYR): MFCB (3069)

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Last Price

4.87

Today's Change

+0.03 (0.62%)

Day's Change

4.81 - 4.89

Trading Volume

777,500


17 people like this.

3,633 comment(s). Last comment by EngineeringProfit 6 days ago

RJ87

5,100 posts

Posted by RJ87 > 2021-07-26 09:58 | Report Abuse

https://www.theguardian.com/world/2021/jul/22/china-floods-military-blasts-dam-release-water-as-floods-death-toll-climbs

Availability should be good as water level should be high until Q4,2021.

RJ87

5,100 posts

Posted by RJ87 > 2021-07-26 10:04 | Report Abuse

Very simple...trying to get MFCB at cheaper price...

Why not as him what's the price he is interested...Once he got it, he will sing different tune...

nickinvests what does vaccination of population got to do wf electricity generation thats created from water?
24/07/2021 12:12 PM

Posted by wallstreetrookie > 2021-07-26 12:13 | Report Abuse

Foreign investors coming to Malaysia soon. Vietnam done. Taiwan done. India done. China done. Next will be either Philippines, Thailand or Malaysia. Get ready and build your camps around the best large cap stocks of Bursa

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-27 13:18 | Report Abuse

@RJ87

Not denying what you said. But do go look at MACD 12 26 and set the time to Month instead of Day. What do you see? I see a few more months of either sideways or down-trending, but it wont collapse because MFCB already proven they have a viable business that is sustainable. Long term, can go in now and hold for many years, short term, I think still got room to go down a little bit more.

newbie8080

2,735 posts

Posted by newbie8080 > 2021-07-27 13:26 | Report Abuse

@MiaoMiao7

The article posted earlier.

I do not see any impact to MFCB.

The PPA would already agreed upon between IPP and EDL.

Whether EDL increase or reduce tariff, no relation to IPP.

RJ87

5,100 posts

Posted by RJ87 > 2021-07-27 15:23 | Report Abuse

yeah...what price u plan to buy? =P
Do u know what's the problem with technical? Can reverse anytime missed the boat.

Better stick to fundamental...slowly, BUT SURELY.

-------------------------------------------------------
MiaoMiao7 @RJ87

Not denying what you said. But do go look at MACD 12 26 and set the time to Month instead of Day. What do you see? I see a few more months of either sideways or down-trending, but it wont collapse because MFCB already proven they have a viable business that is sustainable. Long term, can go in now and hold for many years, short term, I think still got room to go down a little bit more.
27/07/2021 1:18 PM

RJ87

5,100 posts

Posted by RJ87 > 2021-07-27 15:27 | Report Abuse

U wait 4.30pm...price action tells me that folk from CIMB is battling with the market where market will push it back up after CIMB folks sell it down...

Will join the bandwagon to push it up later at 4pm.

RJ87

5,100 posts

Posted by RJ87 > 2021-07-27 15:35 | Report Abuse

today's VWAP is 3.589, the low volume selldown should be the tell tail who is desperately doing sell down...don't forget to catch low...

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-27 16:05 | Report Abuse

@RJ87

Exactly. TA is not 100% reliable. I have my TP price. It is still in consolidation mode. I can wait. and if I miss it, it is also ok. plenty of fish out there.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-07-27 17:43 |

Post removed.Why?

RJ87

5,100 posts

Posted by RJ87 > 2021-07-27 17:52 | Report Abuse

check this out...https://imgur.com/gallery/b77Ngln

At the point of my 3.30pm comment, the price was at RM3.53.
Like I say, after 4pm market will push it back up. It closed at RM3.63

The reason is this, those invest in MFCB-CS do not mind to collect MFCB at this point.
If market likes MFCB and starts pushing, good for MFCB-CS. If SCW issuer price price down, they don't mind collect cheap at this price.

To play a game well, u need to know the rules and the players.
As of now, the game is rigged in favor of the institutions. They have all the instruments that retailers have no access to unfortunately.

Betting against institution is a nut job. Better take advantage of what they are doing.

ckchung

55 posts

Posted by ckchung > 2021-07-27 17:53 | Report Abuse

MiaoMiao7 wats the best price to go in please? tq

RJ87

5,100 posts

Posted by RJ87 > 2021-07-27 18:02 | Report Abuse

Best price is of cos 0. RM0. Or better like Crude Oil price last year. USD-14.
For every barrel of crude oil u buy, u get USD14 back...Do u ever get paid to own something?

Simple calculation....Profit from Don Sahong is 300M - 400M per annum. Current Market Cap is RM3.5B. Current equity is 2.5B. Premium is 1B. That's 2.5 years ROI. 2.5 years onwards u add 10% onto current price for next 25 years.

I'm talking about cash is cash. If your pocket got RM50, even I value
you as person RM0, I have to value you RM50 for what's ur pocket worth. I'm not talking about crazy PE and prospect valuation yet.

ckchung MiaoMiao7 wats the best price to go in please? tq
27/07/2021 5:53 PM

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-27 20:23 | Report Abuse

@ckchung I dont know what is the best price. You have to make your own decision.

I've seen this last minute spike up many times in yinson. This is a sign of distribution. you can look back at yinson closing for for past few weeks. This distribution will go on until whomever finish selling, but this doesn't mean it will go down, it all depends on market force.

For long term, anytime is a good time to buy. Ignore the short term noise. I have my own reason to wait, but doesnt mean I am right. Do what you think is comfortable.

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-27 20:28 | Report Abuse

I dont think MFCB will drop 50%...very highly unlikely. so, if you are long, just buy and hold. my strategy is different.

Posted by Souljaboiiii > 2021-07-27 20:37 | Report Abuse

wait... drop 50%? What makes you say so?

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-27 20:46 | Report Abuse

I said I dont think it will drop 50%.

RJ87

5,100 posts

Posted by RJ87 > 2021-07-28 11:40 | Report Abuse

Here we go again....

RJ87

5,100 posts

Posted by RJ87 > 2021-07-28 16:14 | Report Abuse

Today CIMB abit more serious...that fella started early....buy sell buy sell himself and to keep low VWAP also fun.

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-28 21:00 | Report Abuse

exactly... this is the same thing I've seen in yinson... it will drop drop drop and sudden drop then before closing it will go up. But on certain days, it won't. Many will buy during the drop thinking they can sell higher before closing but it did not on certain days, then later for days it will drop even more.

weird.

Whatever it is, they are pushing the price down, until when nobody knows.

Posted by wallstreetrookie > 2021-07-28 21:02 | Report Abuse

Relax

RJ87

5,100 posts

Posted by RJ87 > 2021-07-28 21:36 | Report Abuse

Until SCW expires....

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-29 11:01 | Report Abuse

CIMB wants it to go below 3.5, can they?

RJ87

5,100 posts

Posted by RJ87 > 2021-07-29 14:57 | Report Abuse

can...at wat cost only...

For SCW issuer, it's best no need pay. But to press the price down isn't free either.
So, it depends on what price they sold their SCW and how much they need to buy back...

But they definitely save up on broker fees.

Got a few that even issuer made mistake....like TG-C84, BAT-C1, and BAuto-C16.
If they issue at the wrong, sapu lo...wait what. =D

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-29 16:01 | Report Abuse

They are pushing hard to reach RM3.5, seems like a good price to buy now since today will be the last day for the warrant. Yinson also having the same fate. For those looking for long term investment, Yinson is a good company, can collect some now.

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-29 17:07 | Report Abuse

I parked at RM3.51 and got it after closing, CIMB probably sell as much as they can to push down the price close to 3.50. Let's see once the warrant expires will it rally.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-07-29 17:34 |

Post removed.Why?

Posted by wallstreetrookie > 2021-07-29 18:25 | Report Abuse

IB shorting all companies with high retail ownership. Unfortunately Mega First Corporation is one of them. 2.3 million shares short. Apologies for recommending this company because fundamental analysis clearly does not work. The same for Lotte Chemical Titan and Hengyuan Refining

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-07-29 19:36 | Report Abuse

The problem I see with new retailers is they dont cut loss, and never will. if they lose alot, they just hold and hold and hold... look at glove.

Posted by wallstreetrookie > 2021-07-29 20:15 | Report Abuse

Sure glove is an anomaly. But the "cut loss at -20%" is such a toxic and prevalent culture. My friend told me that Facebook gurus keep pushing the narrative as if it is some form of gospel. It is merely a part of risk management and if there is no fundamental change within a company, do not feel compelled to sell.

Posted by wallstreetrookie > 2021-07-29 20:16 | Report Abuse

More money have been wasted speculating for potential correction than an actual correction.

RJ87

5,100 posts

Posted by RJ87 > 2021-07-30 12:02 | Report Abuse

Only functional method is asymmetric risk rewards.

Between Yinson and Armada. Armada offers better risk reward. With new CEO and CFO at helm, Armada is as good if not better than yinson. Yinson is claiming 5.2B market cap with only 112M profit a quarter. Armada only 2.5B at the back of 150M profit. I won't buy yinson. Both company shares the same sentiment. I think Yinson should drop and armada should go up. Both meet at RM3.5B market cap on the same earning.

Your entry price will decide what's ur risk reward.
If ur entry for Armada is 15sen. What's ur risk? what's ur reward?
Market cap at 15sen is RM900m, cashflow of RM150mil a quarter,RM600mil per annum. How low can it go? So, if ur entry is 15sen, drops to 12sen. SAPU. No need see. U willing to buy at 15sen, u should buy more at 12sen as long no fundamental change. Upside is easily 400% at 60sen. Even at 60sen, it's not crazy over valued. It's just RM3.5B market cap. with RM600mil profit, it's not very over priced.

If ur entry for TG is RM9. What's ur risk? what's ur reward?
at RM9 market cap is RM80B. To make 100% return on TG, TG market cap is gonna be RM160B.
Only mad people believe TG can go 160B market cap with unsustainable super normally profit of 10B profit per annum. I think it will drop all the way down to 2B profit per annum at best. We don't know how bad the ASP will tank nor how strong is chinese competition. On this ground, if u dumb enough to enter at RM9, you should be cutting loss at any price. But if you are dumb enough to buy at RM9, I don't think you would be smart enough to cut loss.

RJ87

5,100 posts

Posted by RJ87 > 2021-07-30 12:08 | Report Abuse

if your entry is RM3.5. No need 20% cut loss la...how low u want TG to drop? =D
If the entry was RM9. You really should cut loss by RM8. So, see what's ur entry relative to its prospective value.

wallstreetrookie Sure glove is an anomaly. But the "cut loss at -20%" is such a toxic and prevalent culture. My friend told me that Facebook gurus keep pushing the narrative as if it is some form of gospel. It is merely a part of risk management and if there is no fundamental change within a company, do not feel compelled to sell.
29/07/2021 8:15 PM

Posted by wallstreetrookie > 2021-07-30 12:10 | Report Abuse

Not bad. You do have a point

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-07-31 09:14 |

Post removed.Why?

DannyArcher

1,258 posts

Posted by DannyArcher > 2021-08-02 17:14 | Report Abuse

Maybank got 1 warrant expire 30th Sep valued at RM3.335. If this QR is good and the price rally, MBB will have no choice but to buy more to cover their warrant. Unless they have lots of share now to dispose when the time comes. Price should fly after 30th Sep as no more warrant below this price.

29/10 | 4.14 | MAC-CT
20/02 | 3.67 | AMB-CU
28/03 | 3.94 | AMB-CW
25/04 | 3.60 | KEN-CV

Posted by wallstreetrookie > 2021-08-05 08:26 | Report Abuse

To be honest, hydropower crypto mining is 100% possible.

Will forward this to the management in the next shareholder meeting. This is the diversification this company needs. As China cracks down on Bitcoin mining and Malaysia bans Binance and conduct arrests nationwide to deter illegal Bitcoin miners using excessive electricity, renewable energy companies should capitalise on this opportunity to mine cryptocurrency with alternative energy sources specifically green energy.

Posted by wallstreetrookie > 2021-08-05 08:26 | Report Abuse

The Nordic region once again has become a lucrative place to mine crypto-currencies, thanks to a plunge in electricity prices.

The wettest weather in at least 20 years boosted production from hydro-electric plants, leaving Sweden and Norway with some of the lowest power prices in the world. The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin almost quadrupled.

The currencies are made in giant computer farms that process complex algorithms in halls as big as airport hangars. That makes electricity one of the key inputs, with operations sometimes consuming as much power as that used by 70,000 households. The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.

Bloomberg | Technology

Posted by wallstreetrookie > 2021-08-05 08:26 | Report Abuse

Right now, cryptocurrency is a sensitive issue in Malaysia. But time will pass

Posted by wallstreetrookie > 2021-08-16 06:03 | Report Abuse

Earnings to be expected this week
EPS estimates: High 17.5 Low 15

Posted by wallstreetrookie > 2021-08-16 06:48 | Report Abuse

Utilities set to outperform during economic downturns.

DannyArcher

1,258 posts

Posted by DannyArcher > 2021-08-19 17:32 | Report Abuse

results within expectation.

DannyArcher

1,258 posts

Posted by DannyArcher > 2021-08-19 22:44 | Report Abuse

MFCB bought Emery Oleochemicals from Sime Darby
https://www.malaymail.com/news/money/2021/08/19/sime-darby-plantation-pttgc-international-sell-asia-pacific-business-of-eme/1998901

Anyone with insight on this? Good deal or bad deal?

noob2021

40 posts

Posted by noob2021 > 2021-08-20 11:11 | Report Abuse

Is a loss making company for pass 10 years due to poor management...

steady31

316 posts

Posted by steady31 > 2021-08-20 11:42 | Report Abuse

MFCB's stake in this Emery purchase is only 50% but why is it willing to guarantee the entire debt of Emery of 250M? smells of a rotten deal or is the owner of the other 50% connected to MFCB? If not, it would be better for the share price if MFCB pays a higher dividend instead of a paltry 3.25c when the earnings is 9.2c

RJ87

5,100 posts

Posted by RJ87 > 2021-08-20 13:48 | Report Abuse

How much is the purchase?

Steady31, where is ur source?

Posted by nickinvests > 2021-08-20 16:05 | Report Abuse

mfcb got online briefing later at 5, open to all.

Posted by nickinvests > 2021-08-20 16:08 |

Post removed.Why?

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-20 16:36 |

Post removed.Why?

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