MEGA FIRST CORPORATION BHD

KLSE (MYR): MFCB (3069)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

4.39

Today's Change

0.00 (0.00%)

Day's Change

4.35 - 4.40

Trading Volume

1,002,700


17 people like this.

3,699 comment(s). Last comment by Nepo 6 days ago

trum

7,640 posts

Posted by trum > 2021-08-21 10:24 | Report Abuse

Buy.

MiaoMiao7

465 posts

Posted by MiaoMiao7 > 2021-08-21 10:41 | Report Abuse

Got 3 more call warrants below 3.60, gotta wait till the warrant expires.

RJ87

5,146 posts

Posted by RJ87 > 2021-08-21 15:02 | Report Abuse

Let see if kenanga, CV and Maybankm CP is as nasty as CIMB...Dunno which team operating the SCW.

BTW, Bauto-C22 issued by CIMB quite interesting. Strike value RM1.5, 1:1 at 12.5sen. So, can collect when next QR red red...Looking at the pattern, this C22 is the same guy that operates C16. I made some handsome return there.

steady31

318 posts

Posted by steady31 > 2021-08-24 18:27 | Report Abuse

More shareholders are dumping ,disillusioned the hefty cashflow from the power business is not used to pay more dividends.

steady31

318 posts

Posted by steady31 > 2021-08-25 10:12 | Report Abuse

Pay peanuts for dividend beget peanut size PER of under 10X, hurting shareholders value.

Bizfuneng

883 posts

Posted by Bizfuneng > 2021-08-25 10:36 | Report Abuse

nickinvests, can you share the link?

VaWealth

19 posts

Posted by VaWealth > 2021-08-25 18:19 |

Post removed.Why?

Posted by capitalist > 2021-08-26 00:17 | Report Abuse

what happen to the don sahong hydropower, why the market not efficient till now...

RJ87

5,146 posts

Posted by RJ87 > 2021-08-26 12:48 | Report Abuse

dunno la...u hv to understand few psychology in play...

Rich ppl wear fake rolex, market thinks rolex must be real.
Poor ppl wear real rolex, market think s rolex must be fake.

Like wise for market, bullish counter with no fundamental, "something good is going on and breakout is imminent" even the QR is bleeding cash hell and no end. While Bearish counter with strong fundamental, "QR result is so-so only that's why it's trading sideway" even the fact is it's gonna churn 100mil profit a quarter for next 20 years.

Human by nature don't operate based on facts. It's based on instinct and emotion.
This is also why not everyone can be pilot. Only those who can suppress their fear and anxiety under stressful condition, trust their gauge and act objectively can be one.

steady31

318 posts

Posted by steady31 > 2021-09-08 15:41 | Report Abuse

The poor decision not to pay a higher dividend cause the share price to keep sliding owing to relentless selling from unhappy shareholders.The loss in share value for everyone especially the major shareholders is higher like cutting the nose to spike the face

rony12

1 posts

Posted by rony12 > 2021-09-08 19:52 | Report Abuse

ATTENTION - CRYPTO WORKS LIKE MAGIC AND IS THE FASTEST WAY TO WIN WITH CONVENIENCE IN YOUR COMFORTABLE HOME AND OFFICE THANKS TO THIS PANDEMIC. WE GIVE EVERYONE A 100% RELIABLE AND RELIABLE INVESTMENT AND EARNINGS AT HOME OR OFFICE.

$250 GIVES $2000 IN 7 BUSINESS DAYS
$500 GIVES $5,000.00 IN 7 BUSINESS DAYS
$1000 GIVES YOU $10,000.00 IN 7 BUSINESS DAYS
$2000 GIVES $20,000.00 IN 7 BUSINESS DAYS
$3,000 GIVES $30,000 IN 7 BUSINESS DAYS
$5,000 GIVES $50,000.00 WITHIN 7 BUSINESS DAYS
$10,000 GIVES $1000.00 IN 7 BUSINESS DAYS

I WANT YOU TO KNOW WHY YOU TAKE YOUR RED TIME ON THE INTERNET TO SEARCH FOR CREDIT? IF THERE ARE INVESTMENT OPPORTUNITIES.

THE BEST SOLUTION FOR EVERYONE WHO IS AT HOME, SAFE AND MAKES A LOT…. MESSAGE BACK FOR INFORMATION GET MONEY NOW. WhatsApp +1 (516) 360‑2979

MiaoMiao7

465 posts

Posted by MiaoMiao7 > 2021-09-08 22:38 | Report Abuse

@steady31

Why is it poor decision? I think it is a good decision. I rather them take the money and grow the company. If dividend is what you want, go to Public Bank, United Plantation, PChem or some high dividend yield counter.

I am here for the growth potential, hopefully they can continue to grow and grow and one day make it into KLCI30.

InvestGH

14 posts

Posted by InvestGH > 2021-09-08 23:56 | Report Abuse

Additionally, the group has collaborated with 9M Technologies Sdn Bhd to form a 50:50 JV called Edenor Technology Sdn Bhd, which has proposed to acquire Emery Oleochemical and Emery Specialty Chemicals Sdn Bhd in Malaysia from Sime Darby Plantations Bhd for its oleochemical venture.

https://themalaysianreserve.com/2021/09/06/mega-firsts-acquisitions-to-bring-in-additional-earnings-roe-lift/

Something new is going on.. any idea?

Posted by capitalist > 2021-09-24 20:55 | Report Abuse

MFCB share price get ready to -MYR 2.00
just selling your stock before it's coming!!!
I warning you for the last time..

amet2017

3,150 posts

Posted by amet2017 > 2021-09-24 21:56 | Report Abuse

Ok thank for the warning. If drop 2 ringek we will add more. Kikiki

lotuseater

151 posts

Posted by lotuseater > 2021-09-25 08:01 | Report Abuse

Why are there always people who have nothing better to do, claiming this share will rise or drop to a certain price without saying why?. If you do not have any justification, better keep your comment to yourself and be quiet.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-09-25 08:41 | Report Abuse

Good morning...

Posted by Souljaboiiii > 2021-09-26 14:07 | Report Abuse

@capitalist pro

Posted by capitalist > 2021-09-28 12:14 | Report Abuse

booming time coming soon!!!

RJ87

5,146 posts

Posted by RJ87 > 2021-09-30 09:31 | Report Abuse

Monkey have rights too ok?
----------------------------------------------------------------------
lotuseater Why are there always people who have nothing better to do, claiming this share will rise or drop to a certain price without saying why?. If you do not have any justification, better keep your comment to yourself and be quiet.
25/09/2021 8:01 AM

RJ87

5,146 posts

Posted by RJ87 > 2021-09-30 10:29 | Report Abuse

price was pressed by Maybank. Warrant CP and CQ expired this month

Next expiring warrant is CT from Macquarie Capital on 30 Oct. But I dont think MQ got enough skin to press price.

After MQ is Ambank's CU in Jan. So price should rally from now till Dec.

InvestGH

14 posts

Posted by InvestGH > 2021-10-04 22:01 | Report Abuse

Still a good platform for long term investment, strong company background.

HKF028C

1 posts

Posted by HKF028C > 2021-10-05 10:07 | Report Abuse

Hi! I am new to investing in warrants. Can I still recover my capital invested in a call warrant that has expired? No I have not started -just curious. Thanks for helping.

Posted by OldWiseMan100 > 2021-10-06 22:39 | Report Abuse

Can someone explain to me why MFCB has such a low PE? Seems like investors are not very keen in MFCB, any reason? Too high risk?

Jiang Ng

31 posts

Posted by Jiang Ng > 2021-10-07 10:45 | Report Abuse

I think one of the reasons is high customer concentration. Most income comes from the hydro plant in a developing country, which is definitely not a low risk investment I think.

Posted by awankign007 > 2021-10-07 10:46 | Report Abuse

After buying loss company this share stagnant d

Beethoven

257 posts

Posted by Beethoven > 2021-10-07 14:09 | Report Abuse

dividend ex.. immediately recovers.

cwc1981

1,468 posts

Posted by cwc1981 > 2021-10-11 12:15 | Report Abuse

Should have good prospect in oil palm and manufacturing. Ex KLK oleo and manufacturing Director joined them

chashao

25 posts

Posted by chashao > 2021-10-30 10:18 | Report Abuse

MFCB earning is more than $100m per annum, will they subject to 33% tax ?

Posted by PenangLang9180 > 2021-10-30 10:35 | Report Abuse

Probably yes

Posted by KL886288 > 2021-10-30 12:17 | Report Abuse

MFCB 90+% of the earning is from oversea and is tax exempted by Laos Government (5 years from 1/10/2020) so this one off 33% tax rate won't apply to them.

MiaoMiao7

465 posts

Posted by MiaoMiao7 > 2021-10-31 14:22 | Report Abuse

There will not be double taxation, the likely scenario is MFCB pays the Loas gov the tax, which is 20% for foreign company if I am not mistaken.

Posted by wallstreetrookie > 2021-11-07 07:36 | Report Abuse

Mega First Corp Berhad to report quarterly earnings as early as next week.

EPS estimate: Low 8.5 High 11.0

Posted by InsiderShark > 2021-11-08 12:32 | Report Abuse

Long term should be ok. Short term, hard to tell.

MiaoMiao7

465 posts

Posted by MiaoMiao7 > 2021-11-08 12:58 | Report Abuse

Short term earnings growth is stagnant, long term with the oleo, plantation and 5th turbine, the earnings growth will double or triple, maybe in 2024. Oleo will come online by end of 2022, plantation around 2026 and 5th turbine 2024, it is a very slow growth but hopefully steady.

In a video presentation, one of the directors said the profit difference between dry and wet season for the hydro is plus minus 10%, thus I am parking my money here and just wait, hopefully things turn out well. Wish me luck and all the best to current and future investor and also to the Goh family and directors. Hopefully it can enter klci30 in the near future.

steven832

18 posts

Posted by steven832 > 2021-11-17 12:07 | Report Abuse

3Q results 18 Nov, after market close. Post results briefing 3pm 19 Nov. Registration link: https://zoom.us/webinar/register/WN_ROTfQvWqQRiMo-UucOOVFQ

Posted by hopetobecorrect > 2021-11-19 09:44 | Report Abuse

anyone can share when MFCB will start paying tax in Laos.?

Posted by Souljaboiiii > 2021-11-19 10:19 | Report Abuse

@hopetobecorrect
https://www.youtube.com/watch?v=orLsTUaRZvQ

newbie8080

2,775 posts

Posted by newbie8080 > 2021-11-19 10:55 | Report Abuse

I think this dilemma comes in wther Emery Oleo is a good investment.
Sime Darby was instrumental in running the biz where sime darby is a specialist in palm plantation and semi finished oleo chemical products. But Emery didn't do well and still making losses.
Of course, then comes MFCB without any experience and knowledge taking risk in jump starting and planning to turn around Emery looks far fetch.
If they do well, it can be profitable, otherwise it would be a drag to MFCB.

Posted by OldWiseMan100 > 2021-11-19 11:43 | Report Abuse

@newbie8080

MFCB did not came in blindly. Did you not watch the AGM video? They only enter because the ex-KLK MD or team with 20 years experience running KLK Oleo partner with them. It is a partnership with someone very experience in that industry. MFCB has 0 knowledge, but the other team / company has knowledge, MFCB offers cash and back up the debt.

MFCB already said they would not have entered this deal if it wasn't for the ex-klk guy.

newbie8080

2,775 posts

Posted by newbie8080 > 2021-11-19 11:54 | Report Abuse

@OldWiseMan100

In other words, have to rely FULLY and trust the ex-KLK guy and his teams to run it.

Posted by OldWiseMan100 > 2021-11-19 12:48 | Report Abuse

That ex-KLK guy put in his own RM20m money into the partnership. Skin in the game. That ex-KLK guy is not some manager or employee in this venture, it is a partnership. If I am going to put 20m into something, I better make sure I know what I am doing and I will make sure it will be successful.

Hafid

1,135 posts

Posted by Hafid > 2021-11-19 18:31 | Report Abuse

Talk is talk. Hope the co is working well. If not the oleochemical will be a drag to the earning going forward.

linjie

187 posts

Posted by linjie > 2021-11-22 09:36 |

Post removed.Why?

hsbm

42 posts

Posted by hsbm > 2021-11-22 09:39 | Report Abuse

How to join.?

linjie

187 posts

Posted by linjie > 2021-11-22 09:40 |

Post removed.Why?

Posted by capitalist > 2021-11-22 22:24 | Report Abuse

I want to join too, please share!!

Posted by doitduit > 2021-11-23 10:22 | Report Abuse

check out my latest website post for Q32021 earnings briefing takeaway

Post a Comment
Market Buzz