MEGA FIRST CORPORATION BHD
KLSE (MYR): MFCB (3069)
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Last Price
3.58
Today's Change
0.00 (0.00%)
Day's Change
3.51 - 3.58
Trading Volume
372,200
Overview
Market Cap
3,538 Million
NOSH
988 Million
Avg Volume (4 weeks)
486,390
4 Weeks Range
3.45 - 3.68
4 Weeks Price Volatility (%)
56.52%
52 Weeks Range
3.03 - 3.71
52 Weeks Price Volatility (%)
80.88%
Previous Close
3.58
Open
3.56
Bid
3.55 x 11,800
Ask
3.58 x 22,800
Day's Range
3.51 - 3.58
Trading Volume
372,200
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 29-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 27-Feb-2024
T4Q P/E | EY
9.92 | 10.09%
T4Q DY | Payout %
2.10% | 20.79%
T4Q NAPS | P/NAPS
3.07 | 1.17
T4Q NP Margin | ROE
31.62% | 11.75%
Market Buzz
2023-12-08
2023-12-08
2023-12-08
2023-12-08
2023-12-08
2023-12-08
2023-12-08
2023-12-07
2023-12-06
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2023-12-06
2023-12-06
2023-12-06
2023-12-06
2023-12-06
2023-12-06
2023-12-06
News and Blogs
Company Profile
Sector: UTILITIES
Sector: UTILITIES
Subsector: ELECTRICITY
Subsector: ELECTRICITY
Description:
Mega First Corp Bhd is an investment holding company. The group is organised into three main business segments as follows - Power, Resources, and Property. The Power segment builds, owns and operates power plants. The Resources segment is engaged in quarrying of limestone manufacturing and trading of lime products, calcium carbonate powder, and bricks. The Property segment is engaged in the property development and property investment. Its primary geographic markets are Malaysia, China, Laos, India, Australia, New Zealand and other countries. The majority of its revenue is derived from Laos.
Discussions
15 people like this. Showing 50 of 3,593 comments
@BatteriesNotIncluded
Don Sahong took 4 years to built the 4 turbines, is given 25 years to operate before transferring to owner.
With cost to built at RM1.7 bil, this hydropower able to generate at least RM459mil cashflow per annum based on 80% of the 256MW at USD6 cent kwh.
By the way, plantation PAT% for most efficient planter range between 10%-15% due to fertilizer cost, labour,etc. These input cost tend to increase overtime as compared with hydropower where water is free resources and able to attain PAT% of 50% to 60% if the management cost control is good.
2022-08-30 14:35
Am not sure when don sahong was proposed, maybe in 2003 or 2004, environmental report for the dam was completed in 2006, construction starts around 2015 and completed in 2019. From proposal to generating power took almost 15 years. So, building a new dam is really out of the question.
2022-08-30 17:54
Malaysia, Singapore complete electricity interconnector upgrade
"In addition to mutual support, the interconnector is currently used for cross-border power trade under the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). The LTMS-PIP imports up to 100 megawatts (MW) of renewable hydropower from Lao PDR to Singapore via Thailand and Malaysia using existing interconnections," the EMA said.
https://www.theedgemarkets.com/article/malaysia-singapore-complete-electricity-interconnector-upgrade
2022-10-26 15:31
Good QR, another sterling quarter! Earlier fear of Laos' receivables seem to be overblown. Time to fly?
2022-11-17 18:04
Earnings already expected to do well in the last 1-2 quarters with heavier rain fall till end september.
Probably, market sentiment is gloomy.
2022-11-17 18:59
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.
2023-05-11 09:58
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.
2023-05-11 12:14
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?
2023-05-11 21:31
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
2023-05-14 19:51
Fabien _the efficient capital allocator
400mil of annual free cash flows for a 3 billion company
2023-05-26 20:51
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
2023-06-27 18:13
Many come here to short, everyday win. Let see they can pull price down to like 2020.
2023-07-03 09:56
Shorties cannot make it today, got little support and some shorties buyback, let see tomorrow shorties can continue pull down below 3 or not.
2023-07-04 16:58
MFCB Faire value RM 8.38, PUBLIC BANK target price 4.75, it has upside potential
2 months ago
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.
2 months ago
@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.
2 months ago
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
3 weeks ago
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.
3 weeks ago
@investingiscommonsen
Fully valued based on current profit. Can they grow the company / profit? That will depends on management.
3 weeks ago
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
2 weeks ago
Latest QR is out. Not too bad. Renewable energy continues to do well. Edenor to remain as achilles heel?
1 week ago
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.
1 week ago
for profit making/growth company, it make more sense use PE to measure the target price.
4 days ago
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.
4 days ago
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."
4 days ago
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BatteriesNotIncluded
MFCB biggest problem is Laos, people are afraid of Laos going kaput. The other thing is most of their business are partnership or have an end-time to it, like the plantation and hydro will expire in X years time. What MFCB should do is use the money to buy up some plantation to generate more cash, building another hydro is not a good move as it will take too many years. Anyway, who am I to tell them what to do, they are smarter, I'll just invest and wait, hopefully more good news.
2022-08-29 18:44