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

4.38

Today's Change

-0.04 (0.90%)

Day's Change

4.33 - 4.41

Trading Volume

319,200


17 people like this.

3,619 comment(s). Last comment by BLee 1 week ago

jonathan_k

159 posts

Posted by jonathan_k > 2022-04-20 14:39 | Report Abuse

Today is the day

Posted by wallstreetrookie > 2022-04-22 15:12 | Report Abuse

Foreign investor upgraded MFCB again.

Posted by wallstreetrookie > 2022-04-22 15:12 | Report Abuse

Hold 20,000 units

Posted by snowball2000 > 2022-04-25 10:22 | Report Abuse

MFCB is actually quite an interesting company..

Posted by snowball2000 > 2022-04-25 10:26 | Report Abuse

However, time is required for the value of its businesses to reflect in its share price.

Posted by snowball2000 > 2022-04-25 10:38 | Report Abuse

Though not one for quick money, the value will accrue through time..

Posted by snowball2000 > 2022-04-25 10:39 | Report Abuse

Business in Laos should do better and better, especially with the 5th turbine coming into picture.

Posted by snowball2000 > 2022-04-25 10:46 | Report Abuse

Construction revenue should imrpove its bottom line starting 1Q2022.

Posted by snowball2000 > 2022-04-26 15:25 | Report Abuse

MFCB is on the uptrend with healthy volume. Does anyone have any idea when is next QR coming out?

Posted by Souljaboiiii > 2022-04-26 18:53 | Report Abuse

@snowball2000 End of May

Posted by snowball2000 > 2022-04-27 09:52 | Report Abuse

Thanks Souljaboiiii..

Posted by snowball2000 > 2022-04-28 12:32 | Report Abuse

Price showing upward momentum. Indication of a good Mar 22 quarter?

newbie8080

2,727 posts

Posted by newbie8080 > 2022-04-28 14:14 | Report Abuse

@snowball2000

What is your expectation of the quarter results after factoring the mandatory windfall tax payment?

Posted by snowball2000 > 2022-04-28 15:01 | Report Abuse

I m a newbie and have not studied much into mfcb's business structure. Perhaps its income from Laos is tax exempt and the growth in Stenta and Hexa remains in good trajectory, it should be able to maintain at least RM0.10/share per quarter. No?

Posted by snowball2000 > 2022-04-28 15:07 | Report Abuse

Upward surprise may come from construction profit from 5th turbine..

Posted by snowball2000 > 2022-04-28 15:31 | Report Abuse

@newbie8080
What is your expectation with regards to the quarterly results?

Posted by snowball2000 > 2022-04-28 15:46 | Report Abuse

As highlighted by LongTermInvestor8 earlier and as per the management discussion & analysis in its latest AR, mfcb may see exponential growth moving forward. The current price of below RM4 is still very much undervalued if most of its ventures turn out alright....

Posted by snowball2000 > 2022-04-28 15:48 | Report Abuse

The only catch is it may not declare much dividend as it needs to preserved cash for its expansion plan. However, this is good for long term appreciation, I supposed. No?

terence775

550 posts

Posted by terence775 > 2022-04-28 23:24 | Report Abuse

2 months ago we did an interview with MFCB management which was hosted live. It dragged on for over 2 hours as Mr Yeow was so passionate in sharing about the business, their plans, prospects, challenges, and how they're overcoming it. Unfortunately, i3 does not allow me to share my notes, so for whoever is interested maybe can PM me.

terence775

550 posts

Posted by terence775 > 2022-04-28 23:25 | Report Abuse

MFCB is one of the most transparent and well managed companies in the whole of bursa malaysia. Ignoring share price movement (which has been static since 2021 mostly, with some volume coming in only lately), business is running on all cylinders.

Posted by snowball2000 > 2022-04-29 10:14 | Report Abuse

terence775, may i have your number so that i can pm you? TQ.

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2022-04-29 10:46 | Report Abuse

go to $t0ckBi-t dot com and look for the company. this keyword is banned here in i3.

Posted by snowball2000 > 2022-04-29 10:58 | Report Abuse

noted tq..

Posted by wallstreetrookie > 2022-05-02 17:47 | Report Abuse

Mega First is no longer a growth stock. Value defensive play

newbie8080

2,727 posts

Posted by newbie8080 > 2022-05-05 16:27 | Report Abuse

@snowball2000

Excluding the RM122.0 million share of profit in joint venture, I think the result is still good.

However, I have some concerns on the total borrowings (excluding lease liabilities) amounted to RM777.9 million, a RM120.0 million increase from RM657.9 million at the beginning of the year.
Even though, the increase was primarily due to additional borrowings to
part finance the acquisition of Stenta.

As interest rates will beginning to normalise from 2022 2nd half to 2023 by approximately 1%, hopefully management will take steps to further reduce the borrowings by funding acquisitions via private placements or warrants

Posted by PenangLang9180 > 2022-05-05 16:38 | Report Abuse

@newbie8080 Question was raised during their Quarterly Result Briefing for 4Q2021, management mentioned that the total borrowing is only 1.5years worth of their expected earnings. which is around RM 500mil annually.

To me the lack of ability to pass through raising cost/hedge against devaluation of currency is more concerning as management mentioned in the briefing that they only have 1% fixed rate annual increment for their Don Sa Hong Hydro Powerplant tariff.

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2022-05-05 19:00 | Report Abuse

They are paid in USD, so it is a good hedge against RM. and dont expect much growth from Don Sahong Dam, it is how they use the profit from DS to grow their other subsidaries.

Plantation
Plastic Packaging
Oleo Chem

Will be their next growth provided they can manage them well and be profitable

terence775

550 posts

Posted by terence775 > 2022-05-05 23:08 | Report Abuse

snowball, if you can't find the link then PM me. click my profile and drop me a message (press the green colour chat icon beside my name)

newbie8080

2,727 posts

Posted by newbie8080 > 2022-05-19 11:14 | Report Abuse

AGM next wed.
Will get to know more updates from management.

Posted by snowball2000 > 2022-05-23 10:29 | Report Abuse

Share price is mildly positive lately. An auspicious sign of what is to come in quarterly report? Does anyone have any inkling?

steven832

18 posts

Posted by steven832 > 2022-05-23 12:58 | Report Abuse

1Q results briefing on 26 May 330 pm. Interested please register:
https://us06web.zoom.us/webinar/register/WN_apMobvx-QWeSyJ70DXyTWA

terence775

550 posts

Posted by terence775 > 2022-05-23 14:56 | Report Abuse

Hi guys, I will be speaking to MFCB management this Thursday. You can register at the link bro steven shared. Thanks for sharing :)

kenken85

724 posts

Posted by kenken85 > 2022-05-24 18:32 | Report Abuse

Tomoro AGM what Is the Id of the meeting. anyone can share?

Posted by snowball2000 > 2022-05-25 11:41 | Report Abuse

Briefing on quarterly results on 26/5/22, 3.30pm.

Posted by BursaVulture > 2022-05-25 14:01 | Report Abuse

I hope no more share buyback. I dont like share buyback, I rather they hold cash and wait for opportunities.

Posted by snowball2000 > 2022-05-26 08:22 | Report Abuse

Kudos to mfcb mgt for another sterling quarter..

Posted by snowball2000 > 2022-05-26 08:24 | Report Abuse

The speed with which the new venture was turned around is another surprise on the upside..

jonathan_k

159 posts

Posted by jonathan_k > 2022-05-26 09:43 | Report Abuse

Surprisingly good QR, utilization rate 90%

Posted by nickinvests > 2022-05-26 14:13 | Report Abuse

Mega First opens results briefing to public, likely first listed company in Malaysia to do so

https://www.theedgemarkets.com/article/mega-first-opens-results-briefing-public-likely-first-listed-company-malaysia-do-so

Transparency and management quality of this company is second to none!

See u folks soon

UPlanet

1,450 posts

Posted by UPlanet > 2022-05-26 14:31 | Report Abuse

Utilisation 90%??? Omg!!! So room to increase only left 10%???

Posted by snowball2000 > 2022-05-26 17:07 | Report Abuse

I missed the webinar today due to work schedule. Can someone please share some insight from management? Many thanks!

DannyArcher

1,258 posts

Posted by DannyArcher > 2022-05-26 18:26 | Report Abuse

Uplanet, Their hydro is pretty much max, why are you surprised? That is why the PE is low. But how they use their existing cash flow to expand is another question.

Posted by snowball2000 > 2022-05-27 10:27 | Report Abuse

Excellent, MFCB ventruing into potentially very lucrative business..

Posted by snowball2000 > 2022-05-27 10:28 | Report Abuse

Fresh from turning around its newly acquired oleochemicals business, Mega First Corp Bhd (MFCB) has further expanded its exposure in the booming semiconductor space, following its acquisition of a 28.83% stake in Integrated Smart Technology Sdn Bhd (IST) for RM5.56 million. IST, which is involved in automated test machines for the semiconductor sector, is expected to generate around RM10 million per year or around RM2.9 million for MFCB’s equity portion.

Posted by snowball2000 > 2022-05-27 10:29 | Report Abuse

Source: www.theedgemarkets.com

newbie8080

2,727 posts

Posted by newbie8080 > 2022-05-27 12:04 | Report Abuse

My opinion is this IST group will require at least 5 years before it's able to provide meaningful contribution to MFCB

terence775

550 posts

Posted by terence775 > 2022-05-28 14:28 | Report Abuse

Hi guys, hope everyone benefitted from the session. PM me if you want the presentation slides. And congratulations to MFCB for another great quarter.

Jack888

828 posts

Posted by Jack888 > 2022-05-31 16:19 | Report Abuse

I want to buy price at 3.50 see another coming few days.

steady31

315 posts

Posted by steady31 > 2022-06-01 11:51 | Report Abuse

Most boring stock.Share price flat for almost 2 years now.Dividend meagre despite so much cash balance after all the new investment spending.No wonder seeing a lot of selling from institutional holders. who canot afford portfolio to show no gain. All the hype for nothing

Post a Comment
Market Buzz