Highlights
KLSE: MFCB (3069)       MEGA FIRST CORPORATION BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
4.68   0.00 (0.00%)  4.63 - 4.90  1,470,300
Analyze this stock with MQ Trader system

Change in Board Member

Hints :
[1] Click the View Annual Result icon table to view the detail page.

Click here to modify the Visible Columns.

Ann. Date Date Type Designation Name View
11-Sep-2023 01-Sep-2023 APPOINTMENT Independent Director MISS LUI SOEK KUEN View Detail
24-May-2023 24-May-2023 RETIRED Independent Director KOH HONG SUN View Detail
24-May-2023 24-May-2023 REDESIGNATION Board Member YEOW SEE YUEN View Detail
03-Jan-2023 01-Jan-2023 APPOINTMENT Independent Director AU SIEW LOON View Detail
26-Feb-2021 26-Feb-2021 REDESIGNATION Deputy Chairman MR TAY KHENG CHIONG View Detail
16-Nov-2020 16-Nov-2020 APPOINTMENT Executive Director MISS GOH MEI SZE View Detail
04-Aug-2020 04-Aug-2020 APPOINTMENT Independent Director DATIN JEYANTHINI A/P M.KANNAPERAN View Detail
10-Jun-2020 30-Jun-2020 RESIGNATION Independent Director DATO TAN ANG MENG View Detail
20-Mar-2017 20-Mar-2017 APPOINTMENT Independent Director PROFESOR DATO' DR TAN HUI MENG View Detail
30-Nov-2016 30-Nov-2016 APPOINTMENT Independent Director MR JESPER BJORN MADSEN View Detail
30-May-2016 30-May-2016 RETIREMENT Non-Executive Vice/Deputy Chairman DATO ABU HANIFAH BIN NOORDIN View Detail
18-Aug-2014 15-Aug-2014 APPOINTMENT Director PENGIRAN SAIFUDDIN BIN PENGIRAN TAHIR View Detail
21-May-2014 21-May-2014 RESIGNATION Non-Executive Director MAISURI BIN BESRI View Detail
21-May-2013 21-May-2013 RETIREMENT Director YONG FOOK SHIN View Detail
04-Feb-2013 04-Feb-2013 RESIGNATION Director DATO' JORGEN BORNHOFT View Detail
29-Aug-2011 06-Sep-2011 APPOINTMENT Executive Director KHOO TENG KEAT View Detail
30-Jun-2011 01-Jul-2011 APPOINTMENT Chairman GOH NAN KIOH View Detail
30-Jun-2011 30-Jun-2011 RESIGNATION Managing Director DR. LIM THIAN SOO View Detail
01-Dec-2010 01-Dec-2010 APPOINTMENT Director DATO' TAN ANG MENG View Detail
01-Dec-2010 01-Dec-2010 APPOINTMENT Director DATO' KOH HONG SUN View Detail
28-Feb-2008 28-Feb-2008 REDESIGNATION Non-Executive Director MAISURI BIN BESRI View Detail
24-Aug-2006 18-Sep-2006 RESIGNATION Executive Director CHEW WEI KEONG View Detail
01-Jun-2006 01-Jun-2006 APPOINTMENT Non-Executive Director TAY KHENG CHIONG View Detail
25-May-2006 25-May-2006 RESIGNATION Non-Executive Director LIM BOON SEH View Detail
18-May-2006 18-May-2006 APPOINTMENT Non-Executive Director DATO' JORGEN BORNHOFT View Detail
10-May-2006 10-May-2006 APPOINTMENT Non-Executive Director YEOW SEE YUEN View Detail
28-Apr-2006 28-Apr-2006 RETIREMENT Non-Executive Director MICHAEL YEE KIM SHING View Detail
26-Nov-2004 26-Nov-2004 APPOINTMENT Executive Director GOH NAN YANG View Detail
27-Jul-2004 26-Jul-2004 DEMISED Director DATUK SIVALINGAMS/O MUNUSAMY View Detail
30-Oct-2003 30-Oct-2003 RETIREMENT Director MR LIM SI BOON View Detail
29-Jul-2003 29-Jul-2003 APPOINTMENT Chairman GOH NAN KIOH View Detail
29-Jul-2003 29-Jul-2003 APPOINTMENT Deputy Chairman DATO' HAJI ABU HANIFAH BIN NOORDIN View Detail
14-Mar-2003 13-Mar-2003 APPOINTMENT Alternate Director GOH NAN YANG View Detail
03-Mar-2003 01-Mar-2003 APPOINTMENT Non-Executive Director MAISURI BIN BESRI View Detail
03-Mar-2003 01-Mar-2003 APPOINTMENT Non-Executive Director MR LIM SI BOON View Detail
03-Mar-2003 26-Feb-2003 CESSATION Alternate Director AG MAT YUSOF BIN ABD. RAZAK View Detail
26-Feb-2003 25-Feb-2003 RESIGNATION Director DAVID WILLIAM BOYD View Detail
26-Feb-2003 26-Feb-2003 RESIGNATION Director DATUK PENGIRAN MOHD. HUSSEIN BIN DATUK PENGIRAN HAJI MOHD. TAHIR NASRUDDIN View Detail
26-Feb-2003 26-Feb-2003 REDESIGNATION Chief Operating Officer CHEW WEI KEONG View Detail
26-Feb-2003 26-Feb-2003 REDESIGNATION Managing Director DR LIM THIAN SOO View Detail
05-Feb-2003 01-Feb-2003 RESIGNATION Chairman & Director DATO' LIM KENG KAY View Detail
05-Feb-2003 01-Feb-2003 RESIGNATION Managing Director CHIN YOONG NGOK View Detail
05-Feb-2003 01-Feb-2003 RESIGNATION Director LIM SI BOON View Detail
05-Feb-2003 01-Feb-2003 APPOINTMENT Director GOH NAN KIOH View Detail
05-Feb-2003 01-Feb-2003 APPOINTMENT Director DR. LIM THIAN SOO View Detail
05-Feb-2003 01-Feb-2003 APPOINTMENT Director LIM BOON SEH View Detail
Trade this stock for as low as 0.05% brokerage. Find out more.

  17 people like this.
 
punpipi shorting kaw kaw
15/09/2023 5:00 PM
jamestecs unreasonable drop next week is good chance to collect.
15/09/2023 6:00 PM
speakup Drop 3¢ je dah panic
16/09/2023 6:18 PM
hw0706 Mfcb the best is 2.80
18/09/2023 5:48 AM
1DERFUL MFCB Faire value RM 8.38, PUBLIC BANK target price 4.75, it has upside potential
18/09/2023 11:31 AM
speakup 2.80 buy
18/09/2023 12:41 PM
BursaVulture 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.
18/09/2023 8:22 PM
jamestecs Every time company buyback activity the price will press down, so funny.
21/09/2023 10:13 AM
BursaVulture @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.
27/09/2023 6:31 PM
investingiscommonsen 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
14/11/2023 7:43 AM
punpipi 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.
14/11/2023 4:51 PM
muk912 still got sifu in the house
14/11/2023 7:18 PM
BursaVulture @investingiscommonsen

Fully valued based on current profit. Can they grow the company / profit? That will depends on management.
15/11/2023 9:48 AM
snowball2000 https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=142244&name=EA_GA_ATTACHMENTS
21/11/2023 7:50 PM
investingiscommonsen 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
23/11/2023 7:53 PM
snowball2000 Latest QR is out. Not too bad. Renewable energy continues to do well. Edenor to remain as achilles heel?
29/11/2023 6:28 PM
BursaVulture 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.
29/11/2023 8:15 PM
LouisLim Mfcb prospect very good
29/11/2023 10:26 PM
yong1985cm for profit making/growth company, it make more sense use PE to measure the target price.
04/12/2023 10:49 AM
1DERFUL 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.
04/12/2023 12:18 PM
investingiscommonsen 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."
04/12/2023 12:48 PM
Fabien _the efficient capital allocator Revenue growth via new investments. As at 30th Sept 2023, management has allocated capex of RM606.5m, of which 62% or RM376.6m is allocated for the renewable energy segment. Of this, RM198.5m is for the new 5th turbine and the remaining RM178.1m for the 46.5MW solar farm project in Malaysia under the Corporate Green Power Programme, 11.4MW solar farm project in Maldives and 8.1MW commercial and industrial rooftop solar projects. It has also allocated RM61.1m for remaining works on two new packaging factories and RM95.8m for new production lines. RM74m is budgeted for modern farming covering 772 acres in Perak, which also include a 60MW solar project.

Positive progress on the 5th turbine concession. Management is currently in the final stage of negotiations with Laos’ Electricite Du Laos (EDL), which will see a favourable new concession for the Don Sahong Hydropower plant that includes all the 5 turbines with a combined capacity of 325MW. Announcement of the new concession is expected to be unveiled by 1QFY24. Meanwhile, Energy Availability Factor is expected to stay around 91% in 2024. Completion of the 5th turbine is in time for the wet season, which could see full capacity utilization. Assuming a conservative EAF assumption of 41%, the 5th turbine could generate annualized pre-tax net profit of RM40m for the group. The solar business is expected to contribute revenue of RM14-15m with a net profit of RM3m in FY24.

New food security division. Apart from the 2,560-ha coconut and macadamia plantation in Cambodia, the group is also investing into an established platform in Malaysia that owns 1,300-acre fruit and vegetable farms and distribution channels in Johor and Pahang. Via the platform, they plan to develop modern farming or greenhouse farming for herbs, vegetables and fruits on a 772-acre (allocated 400 acres for modern farming) plot of lowland in Perak. Given the huge capex involved and concerns on heat or high temperature of lowlands in Perak, they have started on a pilot project while in the midst of acquiring the entire landbank in Perak under the MFCB name. Eventually, there are plans to integrate the established platform with the modern farming as it plans to have a bigger stake in the entity. Including nursery, the gestation for vegetable farming is about 30-45 days. To avoid the risk of price fluctuation and middleman costs, MFCB plans to have direct off-takers like supermarkets and hypermarkets. Based on the estimated annual production of 50k mt and average wholesale price of RM6/kg, it could potentially generate revenue of RM200m-300m p.a. or RM500k/acres. The modern farming design is expected to be ready by end-March 2024.
13/12/2023 8:20 PM
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.
13/12/2023 8:41 PM
BursaVulture Cameron Highland, not Cameroon. typo.
13/12/2023 8:42 PM
Pinky Please welcome me to the club 😁
09/01/2024 3:53 PM
troy88 This underrated gem should challenge RM4 soon..
26/01/2024 3:44 PM
Pinky Wow early Monday morning so positive here
29/01/2024 9:41 AM
Pinky Foreseeing bad results? 🤔
19/02/2024 11:32 AM
1DERFUL Does anyone know of platform/site to check individual stock dividends history ?
20/02/2024 11:15 PM
BursaVulture right here lah...

https://klse.i3investor.com/web/stock/entitlement/3069
20/02/2024 11:59 PM
1DERFUL @BursaVulture . Thanks👍
21/02/2024 10:46 AM
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.
25/02/2024 10:25 PM
skyjet Good QR with 4.25 cents dividend
28/02/2024 5:48 PM
Pinky Good results with increased dividend. Good! No regrets buying into this.
28/02/2024 6:02 PM
Kitty Kitty great growth stock. slow and steady
28/02/2024 6:38 PM
EngineeringProfit My favourite but dah kenyang
28/02/2024 6:49 PM
Kitty Kitty Volume picking up to challenge RM4 ..
14/03/2024 7:31 AM
Jack888 go...go...go
18/03/2024 3:22 PM
TerrenceLim upcoming quarter profit is crazy......it is like a new YTL Power 2.0
18/03/2024 4:40 PM
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.
18/03/2024 6:53 PM
EngineeringProfit Exactly

Posted by TerrenceLim

upcoming quarter profit is crazy......it is like a new YTL Power 2.0
18/03/2024 7:55 PM
man8636 is it possible to buy in now??😣
19/03/2024 11:18 AM
EngineeringProfit Everything is possible...................but >10% from break out price!! Bilises must have the discipline - not to chase high.
19/03/2024 1:19 PM
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.
19/03/2024 8:01 PM
newbie8080 5th turbine is completing soon.
Hopeful that it will provide additional revenue and profit
27/03/2024 10:52 AM
Jack888 Next resistance 5.40 ...???
03/04/2024 11:08 AM
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.
03/04/2024 11:40 AM
Jack888 Slow and steady...keep on moving uptrend.
18/04/2024 9:26 AM
Pinky Kuat punya Mega!
18/04/2024 3:18 PM
Jack888 https://www.youtube.com/watch?app=desktop&v=WzYWoTRrYY8
18/04/2024 3:58 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

328  714  581  750 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI-CVM 0.125-0.025 
 HSI-CVH 0.205-0.025 
 HSI-HUE 0.165+0.01 
 TWL 0.030.00 
 HSI-CVA 0.065-0.02 
 BPURI 0.080.00 
 HSI-HSY 0.205+0.03 
 VELESTO 0.275+0.005 
 MYEG 0.77-0.01 
 AWANTEC 0.22-0.10 
PARTNERS & BROKERS