Posted by snowball2000 > 2022-10-26 15:33 | Report Abuse

Good news in support of MFCB's business!!!

Posted by snowball2000 > 2022-11-17 18:04 | Report Abuse

Good QR, another sterling quarter! Earlier fear of Laos' receivables seem to be overblown. Time to fly?

Posted by newbie8080 > 2022-11-17 18:59 | Report Abuse

Earnings already expected to do well in the last 1-2 quarters with heavier rain fall till end september.
Probably, market sentiment is gloomy.

Posted by jonathan_k > 2023-05-10 10:06 | Report Abuse

super quiet everyday

Posted by speakup > 2023-05-10 10:07 | Report Abuse

No drop already good

Posted by Kitty Kitty > 2023-05-10 14:57 | Report Abuse

just being silent is good for pure investor

Posted by jamestecs > 2023-05-11 09:58 | Report Abuse

Maybe this company name has little relate to foul language so people stay away, but it has great management team and good vision, only not good for market is they like stay low profile.

Posted by BursaVulture > 2023-05-11 12:14 | Report Abuse

i never noticed the acronym until you mentioned it. the reason why the share price is flat is because how many hydro power dam can you build? even if you have a new project, it will take another 15 years. growth is guaranteed to remain stagnant for many years unless their other subsidiaries are able to grow at an incredible speed.

For them to grow, they need to venture into a new business that is scalable and moderately profitable.

Posted by speakup > 2023-05-11 21:26 | Report Abuse

Wat does mfcb stand for?

Posted by BobAxelrod > 2023-05-11 21:31 | Report Abuse

I believe it's broken into 2 words..........mf and cb......hahaha


Posted by speakup > 4 minutes ago | Report Abuse
Wat does mfcb stand for?

Posted by BursaVulture > 2023-05-14 19:51 | Report Abuse

Laos-China Railway records over 13,000 cross-border passenger trips since April 13

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/05/14/laos-china-railway-records-over-13000-cross-border-passenger-trips-since-april-13

Posted by Kitty Kitty > 2023-05-18 07:19 | Report Abuse

Company has been exercising their buyback muscle

Posted by BursaVulture > 2023-05-24 20:04 | Report Abuse

other than the one off tax penalty, overall... not bad. expected.

Posted by Fabien _the efficient capital allocator > 2023-05-26 20:51 | Report Abuse

400mil of annual free cash flows for a 3 billion company

Posted by BursaVulture > 2023-06-08 20:03 | Report Abuse

Selling pressure due to being removed from FBA100 or some index.

Posted by BursaVulture > 2023-06-27 18:13 | Report Abuse

MFCB did mentioned about looking at a new hydro project in the future, I wonder if it will be a collaboration between TNB and MFCB in Laos. Anwar just visited Laos and signed some MOU, hopefully a new hydro via TNB-MFCB, a big Hydro. TNB buying power from Laos, might as well go build a hydro dam too.

https://www.thestar.com.my/business/business-news/2023/06/27/tnb-to-see-rm23bil-returns-from-energy-deal-in-laos-starting-2025

Posted by jamestecs > 2023-07-03 09:56 | Report Abuse

Many come here to short, everyday win. Let see they can pull price down to like 2020.

Posted by jamestecs > 2023-07-03 16:34 | Report Abuse

Tomorrow shorties will pull it down 3.

Posted by jamestecs > 2023-07-04 16:58 | Report Abuse

Shorties cannot make it today, got little support and some shorties buyback, let see tomorrow shorties can continue pull down below 3 or not.

Posted by jamestecs > 2023-07-06 10:43 | Report Abuse

Market still bearish, shorties come back again.

Posted by jamestecs > 2023-07-26 11:59 | Report Abuse

When company stop buyback, the price much more stable.

Posted by steady31 > 2023-09-15 16:58 | Report Abuse

who throw 19.6 million shares at 3.35. I wonder why

Posted by punpipi > 2023-09-15 17:00 | Report Abuse

shorting kaw kaw

Posted by jamestecs > 2023-09-15 18:00 | Report Abuse

unreasonable drop next week is good chance to collect.

Posted by speakup > 2023-09-16 18:18 | Report Abuse

Drop 3¢ je dah panic

Posted by hw0706 > 2023-09-18 05:48 | Report Abuse

Mfcb the best is 2.80

Posted by 1DERFUL > 2023-09-18 11:31 | Report Abuse

MFCB Faire value RM 8.38, PUBLIC BANK target price 4.75, it has upside potential

Posted by speakup > 2023-09-18 12:41 | Report Abuse

2.80 buy

Posted by BursaVulture > 2023-09-18 20:22 | Report Abuse

Mega First teams up with Laos firm to explore investment opportunities in Laos
https://theedgemalaysia.com/node/682956

I remember they did mentioned about exploring new hydro if opportunity arise. I wonder what is this all about.

Posted by jamestecs > 2023-09-21 10:13 | Report Abuse

Every time company buyback activity the price will press down, so funny.

Posted by BursaVulture > 2023-09-27 18:31 | Report Abuse

@jamestecs

That is because they are trying to hold the price stable when short sellers throw. Don't think too much, at least the founder and owner are willing to support the price, some owners couldn't care to provide necessary support.

Posted by investingiscommonsen > 2023-11-14 07:43 | Report Abuse

Hi, My opinion is MFCB is fully valued at RM3.50. below is my analysis, feel free to give any comments.

https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-11-14-story-h-215117525-Mega_First_Corporation_Berhad_is_FULLY_valued

Regards,
Raymond Lim

Posted by punpipi > 2023-11-14 16:51 | Report Abuse

Hi, my opinion this MFCB is valued at RM4.6, below don't have my analysis, you need wait next 2 years only comeback to check again.

Posted by muk912 > 2023-11-14 19:18 | Report Abuse

still got sifu in the house

Posted by BursaVulture > 2023-11-15 09:48 | Report Abuse

@investingiscommonsen

Fully valued based on current profit. Can they grow the company / profit? That will depends on management.

Posted by snowball2000 > 2023-11-21 19:50 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=142244&name=EA_GA_ATTACHMENTS

Posted by investingiscommonsen > 2023-11-23 19:53 | Report Abuse

hi, this is my part 2 analysis of MFCB, feel fee to give comments. Based on my personal opinion, this stock is worth RM2.63 .

https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-11-23-story-h-214221059-Part_2_Mega_First_Corporation_Berhad_is_OVERVALUED

Posted by snowball2000 > 2023-11-29 18:28 | Report Abuse

Latest QR is out. Not too bad. Renewable energy continues to do well. Edenor to remain as achilles heel?

Posted by BursaVulture > 2023-11-29 20:15 | Report Abuse

am afraid this might be the case too. share price either remains stagnant for quite sometime. Maybe until 2027 or 2028 if their packaging can grow, their oleo can make money and plantation starts generating profit.

Posted by LouisLim > 2023-11-29 22:26 | Report Abuse

Mfcb prospect very good

Posted by yong1985cm > 2023-12-04 10:49 | Report Abuse

for profit making/growth company, it make more sense use PE to measure the target price.

Posted by 1DERFUL > 2023-12-04 12:18 | Report Abuse

Positive Earnings Impact: The increase in MFCB's stake in the Don Sahong hydropower project is expected to be earnings accretive, potentially leading to an increase of about 6% in the company's core earnings forecasts for FY24-25​​. This could positively impact the stock price as higher earnings often lead to increased investor confidence.

Diversification of Business: The acquisition of Emery Oleochemicals and Emery Specialty Chemicals, and the expansion into agricultural produce processing, signal a diversification strategy. This diversification could reduce the company's risk profile by not being overly reliant on a single business segment​​.

Market Perception: The market’s perception of these moves is crucial. If investors view these acquisitions and expansions as strategic and beneficial for long-term growth, it could lead to increased demand for MFCB shares.

Financial Stability: The manner in which these acquisitions are financed is also important. MFCB's healthy balance sheet and low net gearing position suggest financial stability, which is typically viewed favorably by investors​​.

Market Valuation: The market might re-evaluate the company's valuation based on these developments. For instance, the valuation of the hydropower project at a level higher than the company's current market capitalization could indicate that the stock is undervalued, potentially making it more attractive to investors​​.

Overall, while these developments appear to have positive implications for MFCB's stock, investors should always consider the broader market conditions, the company's overall financial health, and their investment strategy before making decisions.

Posted by investingiscommonsen > 2023-12-04 12:48 | Report Abuse

I sought clarification from MFCB about the total valuation on the hydropower project. Below is MFCBs' reply. The valuation of the project is USD 425million as I mentioned before in the blog.

https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-11-23-story-h-214221059-Part_2_Mega_First_Corporation_Berhad_is_OVERVALUED



"US$85 million is the purchase consideration which MVL has to pay to acquire 20% in DSPC. As MVL is a 56.25%-owned subsidiary of MFCB, MFCB’s share of purchase consideration will be US$47.8 million.



MVL’s acquisition will be partly funded by US$55 million bank borrowing. Therefore, the implied equity/shareholder-advance funding will be US$30 million. MFCB’s share of equity/shareholder-advance contribution to MVL will be US$16.9 million.



Based on US$85 million for 20%, the implied project valuation is US$425 million."

Posted by Fabien _the efficient capital allocator > 2023-12-13 20:20 | Report Abuse

Revenue growth via new investments. As at 30th Sept 2023, management has allocated capex of RM606.5m, of which 62% or RM376.6m is allocated for the renewable energy segment. Of this, RM198.5m is for the new 5th turbine and the remaining RM178.1m for the 46.5MW solar farm project in Malaysia under the Corporate Green Power Programme, 11.4MW solar farm project in Maldives and 8.1MW commercial and industrial rooftop solar projects. It has also allocated RM61.1m for remaining works on two new packaging factories and RM95.8m for new production lines. RM74m is budgeted for modern farming covering 772 acres in Perak, which also include a 60MW solar project.

Positive progress on the 5th turbine concession. Management is currently in the final stage of negotiations with Laos’ Electricite Du Laos (EDL), which will see a favourable new concession for the Don Sahong Hydropower plant that includes all the 5 turbines with a combined capacity of 325MW. Announcement of the new concession is expected to be unveiled by 1QFY24. Meanwhile, Energy Availability Factor is expected to stay around 91% in 2024. Completion of the 5th turbine is in time for the wet season, which could see full capacity utilization. Assuming a conservative EAF assumption of 41%, the 5th turbine could generate annualized pre-tax net profit of RM40m for the group. The solar business is expected to contribute revenue of RM14-15m with a net profit of RM3m in FY24.

New food security division. Apart from the 2,560-ha coconut and macadamia plantation in Cambodia, the group is also investing into an established platform in Malaysia that owns 1,300-acre fruit and vegetable farms and distribution channels in Johor and Pahang. Via the platform, they plan to develop modern farming or greenhouse farming for herbs, vegetables and fruits on a 772-acre (allocated 400 acres for modern farming) plot of lowland in Perak. Given the huge capex involved and concerns on heat or high temperature of lowlands in Perak, they have started on a pilot project while in the midst of acquiring the entire landbank in Perak under the MFCB name. Eventually, there are plans to integrate the established platform with the modern farming as it plans to have a bigger stake in the entity. Including nursery, the gestation for vegetable farming is about 30-45 days. To avoid the risk of price fluctuation and middleman costs, MFCB plans to have direct off-takers like supermarkets and hypermarkets. Based on the estimated annual production of 50k mt and average wholesale price of RM6/kg, it could potentially generate revenue of RM200m-300m p.a. or RM500k/acres. The modern farming design is expected to be ready by end-March 2024.

Posted by BursaVulture > 2023-12-13 20:41 | Report Abuse

To be honest, I am not a fan of indoor farming or vertical farming or whatever they call it. Most greenhouse farming simply doesn't work. I am still holding MFCB and will continue to do so, I hope if things doesn't work out, they will shut it down. But I hope they succeed.

I hope they are smart enough to plant Herbs, Onions, Mushrooms and etc. Dont compete with those in Cameroon, compete with food we import, if they are able to scale, our gov might help out without hurting the small farmers in Malaysia.

Posted by BursaVulture > 2023-12-13 20:42 | Report Abuse

Cameron Highland, not Cameroon. typo.

Posted by Pinky > 2024-01-09 15:53 | Report Abuse

Please welcome me to the club 😁

Posted by troy88 > 2024-01-26 15:44 | Report Abuse

This underrated gem should challenge RM4 soon..

Posted by Pinky > 2024-01-29 09:41 | Report Abuse

Wow early Monday morning so positive here

Posted by Pinky > 2024-02-19 11:32 | Report Abuse

Foreseeing bad results? 🤔