MEGA FIRST CORPORATION BHD
KLSE (MYR): MFCB (3069)
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Last Price
4.55
Today's Change
+0.10 (2.25%)
Day's Change
4.54 - 4.59
Trading Volume
853,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
17 people like this. Showing 50 of 3,662 comments
Everything is possible...................but >10% from break out price!! Bilises must have the discipline - not to chase high.
2024-03-19 13:19
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
5th turbine is completing soon.
Hopeful that it will provide additional revenue and profit
2024-03-27 10:52
“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
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
2024-04-24 08:09
"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
2024-04-24 17:23
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?
2024-04-25 16:20
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
2024-05-09 22:40
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
2024-05-13 09:39
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.
2024-05-22 08:56
22.39 mils from net profit claim from insurance which is one off profit
2024-05-23 09:26
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.
2024-05-23 10:54
Southeast Asia extreme weather. Will that affect that hydro dam? I'm a bit worried.
2024-05-23 15:05
@kai8994,, i think next year MFCB Laos tax free status will expire? sure this will affect the profit unless i miss something
2024-05-23 21:08
@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
@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?
1 month ago
@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.”
1 month ago
“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.
1 month ago
So far due to the dilligent management MFCB, the powerplant in Cambodia makes big revenue and profits
1 month ago
@BursaVulture, you are right.
MFCB-Laos hydropower ✅
Pestech-Cambodia Transmisdion line
Jaks, Toyoventure-Vietnam Coal powerplant
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.
3 days 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.
2 days 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 :)
2 days 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.
2 days ago
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Exactly
Posted by TerrenceLim
upcoming quarter profit is crazy......it is like a new YTL Power 2.0
2024-03-18 19:55