MEGA FIRST CORPORATION BHD
KLSE (MYR): MFCB (3069)
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Last Price
4.42
Today's Change
+0.02 (0.45%)
Day's Change
4.38 - 4.42
Trading Volume
693,600
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
4.42
Avg Target Price
5.12
Upside/Downside
+0.70 (15.84%)Price Call
0
SELL
0
HOLD
13
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
17 people like this. Showing 50 of 3,689 comments
@kai8994, thank you for the information. Will take the mgmt words on this
2024-05-24 21:32
Debt-Saddled Laos Turns to Deferrals as Repayments Nearly Double:
https://www.bloomberg.com/news/articles/2024-07-01/debt-saddled-laos-turns-to-deferrals-as-repayments-nearly-double
Should MFCB investors be concerned?
2024-07-02 11:46
@Pinky,
The poor financial position of the Laos government is not something new. The management has explained this many times. Actually, the off-taker for the power generated is Cambodia. As long as Cambodia is paying, MFCB will also get paid. Moreover, the payment is in USD.”
2024-07-02 13:42
“We have nurtured the food security division over the last 10 years and we think it has turned a corner. We are likely to see a bigger contribution from the division, so we are going to carve it out and show it as one of our core businesses,” MFCB non-independent, non-executive director Yeow See Yuen tells The Edge in a recent interview.
- https://theedgemalaysia.com/node/716525
One more pillar to propel them forward.
2024-07-04 17:25
So far due to the dilligent management MFCB, the powerplant in Cambodia makes big revenue and profits
2 months ago
@BursaVulture, you are right.
MFCB-Laos hydropower ✅
Pestech-Cambodia Transmisdion line
Jaks, Toyoventure-Vietnam Coal powerplant
2 months ago
@Pinky
What is the likely impact of strong RM on MFCB's net profit? 10-20%?
1 month ago
should just sell edenor if really cannot turn the company around. kept bleeding money.... their cash pile growing, hopefully can secure another new bigger hydro project while growing the company.
1 month ago
Seasonal or cyclical factors
The Group’s principal business operations were not significantly affected by seasonal
or cyclical factors other than its Renewable Energy Division where hydropower
generation is subject to seasonal fluctuation of the water level. Normally, the water
level will peak between June and November during the wet season. More detailed
commentary is set out in Notes B3 and B4 to these financial statements.
1 month ago
"It is worth noting that the recent appreciation of the Malaysian Ringgit (5-6% increase since the end of June 2024), if maintained for the remainder of the year, may result in lower reported earnings in Ringgit terms (on same USD term) for the second half of 2024.
Despite the stronger Ringgit, and considering the increase in effective ownership of Don Sahong Power Company (DSPC) from 80% to 95%, we expect that the PATNCI for Don Sahong will demonstrate robust double-digit year-on-year growth of more than 20% in the second half of 2024."
@Pinky, forex is inconsequential, MFCB is anticipating more than 20% y-o-y growth in 2H2024 due to higher effective interest and 5th turbine. Not to forget the rest of the divisions are growing steadily as well. MFCB never disappoints the long term shareholders :)
1 month ago
@kai8994
Fingers crossed. MFCB has never left my watchlist ever since I sold all at RM4.60++
Looking to re-enter with my coming months' salary.
1 month ago
@ocbc. i already sold back my CCB shares during their 2nd offer, due to my inexperience my maybank remiser said my CCB shares ought to be sold. In fact, later i checked from other sources, if you intend to keep the shares forever even after privitisation, no one can force you to sell..
Btw, good to see you also interested in this counter
1 month ago
Ya, CCB refer to Cycle & Carriage Bintang.
28/8/2024 i have participated in the MFCB Q2 online investor briefing.
Outlook is look for Q3. If you intend to keep a copy of the briefing, you can go MFCB website, on the right hand corner, try to look for the investor briefing PDF notes and download to aid your investment decision
1 month ago
Nepo, I also attended the briefing. I feel MFCB is looking at new services to sustain the biz but new services isn't ready for market
1 month ago
Hi Willtolive, i guess you are talking about CSC Agruculture Holding S/B..
PETALING JAYA: Mega First Corp Bhd’s (MFCB) venture into fruit and vegetable farming is not expected to contribute significantly to its earnings.
The group, which is involved in the power, resources, and property segments, said on Wednesday that it intends to acquire a 64% stake in plantation firm, CSC Agriculture Holdings Sdn Bhd (CSCAH), for RM25mil.
1 month ago
@Nepo,
According to the article "MFCB is also reportedly close to securing a piece of commercial land in Setia Alam for the construction of a hospital"
Seems the company is looking for other revenue source as the company revenue stays sideways since end 2022.
1 month ago
@Pinky
They said energy/RE will always be their core. And from profit, it is. If they can deploy their cash and grow into other businesses, it is good news. Hong Leong also diversified into many other businesses.
1 month ago
@BursaVulture
But that is only at Hong Leong Capital Berhad level. We can buy HLIND if we want motorbike biz, HLB if we want purely bank biz, and so on.
MFCB is taking everything under its wings 😂
1 month ago
It becomes conglomerate .
Look like this mgt is looking forward for long term sustainable segment i.e renewable energy and recession proof
segments..
Sb says that good mgt must possess the following criteria:-
1). Trustable mgt team
2). Long term view
3). Take care of minority
How many criteria does Mfcb mgt full fill?
1 month ago
@Pinky
I am very sure when Hong Leong started, also starts small and grew and then split and split... If one day one of MFCB's subsidaries grew very big, they will split it out and list on Bursa too. Give them time to prove themselves. Maybe it works, maybe it won't. We'll never know. At least they are trying to grow and not just sit comfortably like Orient, Berjaya etc...
1 month ago
yes, not ready yet. It takes time. maybe 10 years for other subsidiaries to grow into a big enough size, but i doubt it will be anywhere near the hydro. QL's familymart took so long, now still growing and consider big, but not very big.
1 month ago
It's not the bottom, it's the realisation of profit for the new business dreams
1 month ago
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kai8994
@hopetobecorrect, yes you right, in fact there is another clause which says the tariff will be adjusted downward at 10th year if I not mistake. The management did highlight the new CA is more favourable to the Company, lets see how it goes.
Anyway, irregardless of the terms of the CA, to me the value proposition of MFCB is about the capable management team who know how to reinvest the strong cashflow and enhance the shareholder value. Bet the jockey :)
2024-05-24 09:53