Choivo Capital

Through my many interactions with them, i have a strong confidence in their thought processes and business thinking, so its quite likely they have found a way to do it very well, likely via certain fruits/vegetables/herbs, that have very different margin profile etc, due to different methods of growth, geographic constraints, supply/demand mismatch etc.


BursaVulture

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.

2024-02-25 22:25

skyjet

Good QR with 4.25 cents dividend

2024-02-28 17:48

Pinky

Good results with increased dividend. Good! No regrets buying into this.

2024-02-28 18:02

Kitty Kitty

great growth stock. slow and steady

2024-02-28 18:38

EngineeringProfit

My favourite but dah kenyang

2024-02-28 18:49

Kitty Kitty

Volume picking up to challenge RM4 ..

2024-03-14 07:31

Jack888

go...go...go

2024-03-18 15:22

TerrenceLim

upcoming quarter profit is crazy......it is like a new YTL Power 2.0

2024-03-18 16:40

BursaVulture

why would it be crazy? you can say slightly higher but crazy is too crazy. almost 90% profit is from their hydro. unless all the other subsidiaries grow at exponential rate, unlikely to be crazy. hydro power gen already somewhat max.

2024-03-18 18:53

EngineeringProfit

Exactly

Posted by TerrenceLim

upcoming quarter profit is crazy......it is like a new YTL Power 2.0

2024-03-18 19:55

man8636

is it possible to buy in now??😣

2024-03-19 11:18

EngineeringProfit

Everything is possible...................but >10% from break out price!! Bilises must have the discipline - not to chase high.

2024-03-19 13:19

BursaVulture

I own MFCB too, i call super crazy high profit for next QR pure BS. Most likely they will sign a new deal, probably extension from 25 years to 30? who knows. if you read the report, you know 90% profit from hydro, no more room to grow.

2024-03-19 20:01

newbie8080

5th turbine is completing soon.
Hopeful that it will provide additional revenue and profit

2024-03-27 10:52

Jack888

Next resistance 5.40 ...???

2024-04-03 11:08

BLee

“Jack888
Next resistance 5.40 ...???
19 minutes ago”

Yes, MFCB is having a good meteoric rise this year. Few days ago, I did a calc for Insas' CAGR, also checked on MFCB over a 10 year period. The results are much better than Insas. Will find time to post the results, maybe over the coming weekend.
Happy Trading and TradeAtYourOwnRisk.

2024-04-03 11:40

Jack888

Slow and steady...keep on moving uptrend.

2024-04-18 09:26

Pinky

Kuat punya Mega!

2024-04-18 15:18

Jack888

https://www.youtube.com/watch?app=desktop&v=WzYWoTRrYY8

2024-04-18 15:58

Pinky

So, what's the TP now?

2024-04-22 13:44

Nepo

Food Security Division
As of the end of FY2023, the cumulative planted area of our plantation in Cambodia totalled an estimated 2,560 hectares,
comprising 1,830 hectares of coconuts and 730 hectares of macadamias. The coconut trees will progressively reach
commercial scale maturity starting from 2024, while the macadamia trees are expected take another 1-2 years to reach the
same.
After careful consideration, we have opted to concentrate on harvesting flower sap of the coconut trees, and refining it
into coconut sugar products, including syrup and granulated sugar. This strategic choice is motivated by the scarcity of
pure, unadulterated coconut sugar products in both industrial and retail markets, alongside a steady and expanding global
demand (forecasted CAGR: 4.8% from 2018-2030). This market potential is underpinned by the superior health benefits of
coconut sugar compared to refined white sugar.
We are confident that leveraging the capacity of our plantation presents a significant opportunity to meet the burgeoning
global demand for coconut sugar products. Upon reaching maximum harvest capacity, we anticipate establishing ourselves
as the largest and foremost fully integrated company dedicated to coconut sugar products worldwide.
Looking ahead, our commitment remains steadfast in nurturing and expanding the Food Security Division to make a
substantial contribution to the Group’s long-term earnings, whether through expansion, diversification or strategic
acquisitions

2 months ago

Pinky

👌💪👏👍

2 months ago

kai8994

"We are confident that leveraging the capacity of our plantation presents a significant opportunity to meet the burgeoning global demand for coconut sugar products. Upon reaching maximum harvest capacity, we anticipate establishing ourselves as the largest and foremost fully integrated company dedicated to coconut sugar products worldwide."

Good highlight, Nepo. Can't wait to ask them more about the venture into coconut sugar biz in the coming AGM / quarterly briefing. Wondering how much revenue they are expecting from this venture. According to this report the top 3 players are having between USD169m - 260m revenue.
https://www.globalmarketmonitor.com/report_blog/1861531.html

2 months ago

Nepo

https://theedgemalaysia.com/node/709303

2 months ago

Nepo

oops, Maybank downgrade..

but frankly speaking, could we keep?

2 months ago

kai8994

Maybank's valuation did not ascribe any value to the new ventures. The company is reinvesting the cash to grow and at the same time giving out decent dividend. Why sell?

2 months ago

troy88

Uptrend to resume after recent correction. Ambank TP 5.40 still intact..

2 months ago

kritikos

M&A activities.. they bought 64% interest in CSC Agriculture for RM25m...
https://www.nst.com.my/business/corporate/2024/05/1048189/mega-first-corp-takes-64pc-interest-csc-agriculture-rm25m

2 months ago

Pinky

Good company but limited upside already...made 20% with this stock in 6 months and sold.

Will look to re-enter around 4.50 maybe

2 months ago

EngineeringProfit

Agree. Profits so good. Just take

2 months ago

newbie8080

https://theedgemalaysia.com/node/712541
Mega First Corp Bhd (KL:MFCB), which is involved in renewable energy sales, limestone quarrying and packaging, said its first quarter net profit rose 35.32% to RM95.46 million from RM70.55 million a year earlier amid a significant improvement at its resource division.

The higher earnings were also attributed to a one-time boost from fire insurance compensation. The group said it recognised RM22.39 million in insurance income for the fire incident in its flexible plastic packaging factory.

2 months ago

VincentTang

Bad qr. Sold all mfcb

2 months ago

VincentTang

22.39 mils from net profit claim from insurance which is one off profit

2 months ago

kai8994

Y-o-Y
Group’s profit after tax and non-controlling interest (“PATNCI”) rose 35.3% from
RM70.5 million to RM95.5 million. “Normalised” Group PATNCI (by excluding share of
joint ventures and associates’ results, and non-operational one-off items) grew 22.4%
from RM79.5 million to RM97.4 million.

Q-o-Q
Excluding joint ventures and associates, and one-off items
in both periods, the Group's normalised PATNCI remained flat quarter-on-quarter at
RM98.2 million (compared to RM98.7 million in 4Q2023). This was achieved despite
seasonally lower hydro energy sales, underscoring the earnings strength of the
Group's core operations and the positive impact of increased effective equity interest
in DSPC.

How was it a bad quarter? In fact if you follow the Company closely you will know that they will do well this year with the increased effective stake in DSPC and the upcoming 5th turbine running in second half. And next year it will be even more exciting with the Food Security Division plus additional capacity coming from packaging division.

2 months ago

Pinky

Southeast Asia extreme weather. Will that affect that hydro dam? I'm a bit worried.

2 months ago

hopetobecorrect

@kai8994,, i think next year MFCB Laos tax free status will expire? sure this will affect the profit unless i miss something

2 months ago

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 :)

1 month ago

hopetobecorrect

@kai8994, thank you for the information. Will take the mgmt words on this

1 month ago

goldmanbull

Hopefully got chance to masuk MFCB

1 month ago

Kitty Kitty

may enter consolidation phase soon .. opportunity will come thereafter

1 month ago

Pinky

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?

2 weeks ago

kai8994

@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.”

2 weeks ago

Pinky

Thanks for explanation

2 weeks ago

BLee

Finally MFCB passed thro' MYR5, seems Power play is contagious..

2 weeks ago

kai8994

“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.

2 weeks ago

Willtolive

ATH 5.09

1 week ago

Pinky

I re-enter if 4.60

6 days ago

Willtolive

So far due to the dilligent management MFCB, the powerplant in Cambodia makes big revenue and profits

1 day ago

BursaVulture

hydro is in laos, not cambodia

1 day ago

Willtolive

@BursaVulture, you are right.
MFCB-Laos hydropower ✅

Pestech-Cambodia Transmisdion line

Jaks, Toyoventure-Vietnam Coal powerplant

1 day ago