MEGA FIRST CORPORATION BHD
KLSE (MYR): MFCB (3069)
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Last Price
3.68
Today's Change
0.00 (0.00%)
Day's Change
3.66 - 3.69
Trading Volume
1,212,100
Financial
Market Cap
3,637 Million
NOSH
988 Million
Latest Quarter
31-Dec-2021 [#4]
Announcement Date
25-Feb-2022
Next Quarter
31-Mar-2022
Est. Ann. Date
27-May-2022
Est. Ann. Due Date
30-May-2022
QoQ | YoY
139.48% | 128.70%
Revenue | NP to SH
914,673.000 | 462,330.000
RPS | P/RPS
92.55 Cent | 3.98
EPS | P/E | EY
46.78 Cent | 7.87 | 12.71%
DPS | DY | Payout %
6.47 Cent | 1.76% | 13.83%
NAPS | P/NAPS
2.42 | 1.52
QoQ | YoY
34.96% | 43.9%
NP Margin | ROE
58.05% | 19.30%
F.Y. | Ann. Date
31-Dec-2021 | 25-Feb-2022
Latest Audited Result
31-Dec-2021
Announcement Date
27-Apr-2022
Next Audited Result
31-Dec-2022
Est. Ann. Date
27-Apr-2023
Est. Ann. Due Date
29-Jun-2023
Revenue | NP to SH
914,673.000 | 462,330.000
RPS | P/RPS
92.55 Cent | 3.98
EPS | P/E | EY
46.78 Cent | 7.87 | 12.71%
DPS | DY | Payout %
6.47 Cent | 1.76% | 13.82%
NAPS | P/NAPS
2.42 | 1.52
YoY
43.9%
NP Margin | ROE
58.02% | 19.30%
F.Y. | Ann. Date
31-Dec-2021 | 25-Feb-2022
Revenue | NP to SH
914,673.000 | 462,330.000
RPS | P/RPS
92.55 Cent | 3.98
EPS | P/E | EY
46.78 Cent | 7.87 | 12.71%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
38.96% | 43.9%
NP Margin | ROE
58.02% | 19.30%
F.Y. | Ann. Date
31-Dec-2021 | 25-Feb-2022
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
14 people like this. Showing 50 of 3,431 comments
Remarkable & historical QR!!!!!!!! Next week, the price should UP UP ALL THE WAY!!!!!!!!!
2 months ago
wtf... i hope this is real, yet to read the qr... hopefully something good. i invested rm1m in mfcb. i will hold this stock long term, good management.
2 months ago
MFCB delivered fantastic and record Q4.result with 22. 47 sen eps. Net profit UP 129 % yoy.
2 months ago
2021 vs 2020
Group pre-tax profit rose 38.6% from RM389.3 million to RM539.6 million, in part due to
RM122.0 million share of profit in joint venture. Excluding the share of profit in joint
venture, pre-tax profit grew 7.3% to RM417.6 million
The share of profit in joint venture was boosted by the Group’s share
of unallocated bargain gain arising from Edenor’s acquisition of EOM and ESC.
2 months ago
2021
- Construction of 5th turbine starts late Dec 2021 on dry season.
- Acquired Stenta
2022
- Oleo [ 300,000 tonne ] exercise is expected to be completed in January 2022, 12 months to turnaround. 1.5B potential yearly revenue, profit margin estimated to be about 5 to 10%, which comes to about RM9 to RM18 million per quarter.
- Solar Power C&L - 6.3MW Jun/July 2022, 19.0MW over the next 18 months
2023
- [ Hexachase ] Construction of a RM100m mega packaging factory sitting on a 10.4-acre plot of land in Melaka will be completed by 1H2023.
- [ Hexachase ] 2021/2022 new production capacity is expected to reach max capacity by 2023.
- [ Stenta ] Construction of a 6.7 acre land factory, when completed will add 8 LLDPE and 1 CCP line.
2024
- Construction of the 5th turbine, which will cost about RM200m-250m is expected to be commercially operational by Q3-2024.
2025
- Coconut and Macadamia planting to be completed by 2025
2026
- The plantation group is still exploring various downstream processing businesses and it does not expect any positive earnings contribution until 2026.
Note
- MFCB 90+% of the earning is from oversea and is tax exempted by Laos Government (5 years from 01/10/2020)
- Normally, the water level will peak between June to November during the wet season.
2 months ago
Bought 45k worth of MFCB shares. Renewable energy to outperform crude oil in Q3 2022. Time to build your positions.
2 months ago
Open Question : What are the ramifications of a sustained $100+ oil price for MFCB for a couple years to come (very likely given the tremendous oil shock that is coming into play regardless of Ukranian war development)?
IMO the resources, oleochemical, and packaging sectors will be affected, and I am not sure they are able to pass down the cost increase in any of the three divisions, what will mean margin compression down the road
1 month ago
@antoniomc27
Clearly you did not attend the zoom briefing. The management already explain it there, can you please go read up the notes before commenting. Thanks.
1 month ago
Environment Ministry signs largest solar PV contract in Maldivian history
https://en.sun.mv/73775
1 month ago
this is what we called diam diam ubi berisi. as far as I know mfcb rarely announce about the solar project.u can follow it from interview and qr report.
1 month ago
I did not agree about this. I am not sure whether company should announce all contracts to Bursa ? if yes, they better do so, just to follow the rule and regulations !
1 month ago
Am not sure what are the rules and regulation, if every single project needs to announce, then everyday we will be receiving endless info. I am very certain the management knows what they are doing and not breaking any law.
The only company that announced every single tiny project they won is Serba, SCIB and KPower. Every month sure got announcement, win this win that win so many projects, even tiny longkang project also announce.
1 month ago
There are rules on continuing disclosure (Chapter 9 of Listing Requirements). It's a JV, the financial impact isn't material enough to warrant immediate announcement.
1 month ago
But the problem is, Malaysia is slowly emerging out of economic recession
4 weeks ago
However, time is required for the value of its businesses to reflect in its share price.
3 weeks ago
Business in Laos should do better and better, especially with the 5th turbine coming into picture.
3 weeks ago
MFCB is on the uptrend with healthy volume. Does anyone have any idea when is next QR coming out?
3 weeks ago
@snowball2000
What is your expectation of the quarter results after factoring the mandatory windfall tax payment?
2 weeks ago
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?
2 weeks ago
@newbie8080
What is your expectation with regards to the quarterly results?
2 weeks ago
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....
2 weeks ago
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?
2 weeks ago
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.
2 weeks ago
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.
2 weeks ago
go to $t0ckBi-t dot com and look for the company. this keyword is banned here in i3.
2 weeks ago
@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
1 week ago
@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.
1 week ago
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
1 week ago
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)
1 week ago
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steven832
4Q results Friday after market close. Briefing on 28 Feb 2 pm. Those interested can register using link provided in MFCB website.
2 months ago