Highlights
KLSE: MFCB (3069)       MEGA FIRST CORPORATION BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
4.48   +0.14 (3.23%)  4.36 - 4.52  758,300
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.

Financials


Market Cap: 4,428 Million

Market Cap 4,428 Million
NOSH 988 Million

Latest Audited Result:  31-Dec-2022

Latest Audited Result: 31-Dec-2022
Announcement Date 25-Apr-2023
Next Audited Result: 31-Dec-2023
Est. Ann. Date: 25-Apr-2024
Est. Ann. Due Date: 28-Jun-2024

Latest Quarter:  31-Dec-2023 [#4]

Latest Quarter: 31-Dec-2023 [#4]
Announcement Date 28-Feb-2024
Next Quarter: 31-Mar-2024
Est. Ann. Date: 24-May-2024
Est. Ann. Due Date: 30-May-2024
QoQ | YoY   19.01%  |    28.21%

Annual (Unaudited) ( EPS: 38.82, P/E: 11.54 )

Revenue | NP to SH 1,317,635  |  383,708
RPS | P/RPS 133.32 Cent  |  3.36
EPS | P/E | EY 38.82 Cent  |  11.54  |  8.67%
DPS | DY | Payout % 7.87 Cent  |  1.76%  |  20.27%
NAPS | P/NAPS 3.09  |  1.45
YoY   -3.30%
NP Margin | ROE 34.28%  |  12.56%
F.Y. | Ann. Date 31-Dec-2023  |  28-Feb-2024

T4Q Result ( EPS: 38.82, P/E: 11.54 )

Revenue | NP to SH 1,317,635  |  383,708
RPS | P/RPS 133.32 Cent  |  3.36
EPS | P/E | EY 38.82 Cent  |  11.54  |  8.67%
DPS | DY | Payout % 7.88 Cent  |  1.76%  |  20.29%
NAPS | P/NAPS 3.09  |  1.45
QoQ | YoY   7.52%  |    -3.30%
NP Margin | ROE 34.28%  |  12.56%
F.Y. | Ann. Date 31-Dec-2023  |  28-Feb-2024

Annualized Result ( EPS: 38.82, P/E: 11.54 )

Revenue | NP to SH 1,317,635  |  383,708
RPS | P/RPS 133.32 Cent  |  3.36
EPS | P/E | EY 38.82 Cent  |  11.54  |  8.67%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   9.97%  |    -3.30%
NP Margin | ROE 34.28%  |  12.56%
F.Y. | Ann. Date 31-Dec-2023  |  28-Feb-2024


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

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
31-Dec-2023 28-Feb-2024 31-Dec-2023 4 324,249 138,773 138,342 122,020 40,067 3,054,539 32.84% 42.67% 3.99% 942,759 34.39 32.81 12.94 12.35 4.25 4.05 3.2400 3.09   19.01%   28.21% 29-Dec-2023 3.69 10.73 28.51 1.14 3.51% 1.15% 3.85 11.19 29.75 1.19 3.36% 1.10%
31-Dec-2023 29-Nov-2023 30-Sep-2023 3 320,380 131,532 127,104 102,531 - 3,036,910 - % 39.67% 3.38% 943,140 33.97 32.42 10.87 10.37 0.00 0.00 3.2200 3.07   15.71%   -14.17% 29-Sep-2023 3.40 10.01 31.28 1.06 3.20% 0.00% 29-Nov-2023 3.50 10.30 32.20 1.09 3.11% 0.00%
31-Dec-2023 24-Aug-2023 30-Jun-2023 2 325,653 114,480 109,019 88,609 37,793 2,966,760 42.65% 33.48% 2.99% 944,828 34.47 32.95 9.38 8.97 4.00 3.82 3.1400 3.00   25.60%   -12.13% 30-Jun-2023 3.07 8.91 32.74 0.98 3.05% 1.30% 3.30 9.57 35.19 1.05 2.84% 1.21%
31-Dec-2023 24-May-2023 31-Mar-2023 1 347,353 92,003 77,175 70,548 - 2,798,105 - % 22.22% 2.52% 945,306 36.75 35.14 7.46 7.14 0.00 0.00 2.9600 2.83   -25.87%   -13.27% 31-Mar-2023 3.50 9.53 46.90 1.18 2.13% 0.00% 24-May-2023 3.25 8.84 43.55 1.10 2.30% 0.00%
31-Dec-2022 27-Feb-2023 31-Dec-2022 4 363,857 117,453 115,839 95,170 36,394 2,750,840 38.24% 31.84% 3.46% 945,306 38.49 36.81 10.07 9.63 3.85 3.68 2.9100 2.78   -20.33%   -55.28% 30-Dec-2022 3.32 8.63 32.98 1.14 3.03% 1.16% 27-Feb-2023 3.68 9.56 36.55 1.26 2.74% 1.05%
31-Dec-2022 17-Nov-2022 30-Sep-2022 3 371,529 146,408 141,680 119,456 - 2,750,840 - % 38.13% 4.34% 945,306 39.30 37.59 12.64 12.09 0.00 0.00 2.9100 2.78   18.46%   34.43% 30-Sep-2022 3.30 8.40 26.11 1.13 3.83% 0.00% 3.28 8.35 25.96 1.13 3.85% 0.00%
31-Dec-2022 18-Aug-2022 30-Jun-2022 2 331,865 126,250 121,725 100,840 34,031 2,571,232 33.75% 36.68% 3.92% 945,306 35.11 33.58 10.67 10.20 3.60 3.44 2.7200 2.60   23.98%   15.49% 30-Jun-2022 3.49 9.94 32.72 1.28 3.06% 1.03% 18-Aug-2022 3.52 10.03 33.00 1.29 3.03% 1.02%
31-Dec-2022 25-May-2022 31-Mar-2022 1 272,384 100,458 96,483 81,338 - 2,420,200 - % 35.42% 3.36% 945,391 28.81 27.56 8.60 8.23 0.00 0.00 2.5600 2.45   -61.78%   10.90% 31-Mar-2022 3.72 12.91 43.24 1.45 2.31% 0.00% 25-May-2022 3.74 12.98 43.47 1.46 2.30% 0.00%
31-Dec-2021 25-Feb-2022 31-Dec-2021 4 280,619 240,988 236,582 212,806 33,140 2,395,603 15.57% 84.31% 8.88% 946,879 29.64 28.39 22.47 21.53 3.50 3.35 2.5300 2.42   139.48%   128.70% 31-Dec-2021 3.50 11.81 15.57 1.38 6.42% 1.00% 3.60 12.15 16.02 1.42 6.24% 0.97%
31-Dec-2021 18-Nov-2021 30-Sep-2021 3 232,497 108,140 106,114 88,863 - 2,188,394 - % 45.64% 4.06% 947,357 24.54 23.52 9.38 8.99 0.00 0.00 2.3100 2.21   1.77%   -0.72% 30-Sep-2021 3.67 14.95 39.13 1.59 2.56% 0.00% 18-Nov-2021 3.60 14.67 38.38 1.56 2.61% 0.00%
31-Dec-2021 19-Aug-2021 30-Jun-2021 2 207,839 103,706 102,599 87,318 30,789 2,178,921 35.26% 49.36% 4.01% 947,357 21.94 21.03 9.22 8.83 3.25 3.12 2.3000 2.20   19.05%   7.36% 30-Jun-2021 3.49 15.91 37.86 1.52 2.64% 0.93% 19-Aug-2021 3.66 16.68 39.71 1.59 2.52% 0.89%
31-Dec-2021 27-May-2021 31-Mar-2021 1 193,718 86,904 85,677 73,343 - 2,069,977 - % 44.23% 3.54% 473,679 40.90 19.60 15.48 7.42 0.00 0.00 4.3700 2.09   -21.18%   27.77% 31-Mar-2021 7.28 17.80 47.02 1.67 2.13% 0.00% 27-May-2021 7.60 18.58 49.08 1.74 2.04% 0.00%
31-Dec-2020 26-Feb-2021 31-Dec-2020 4 213,971 116,138 109,875 93,052 30,789 1,932,610 33.09% 51.35% 4.81% 473,679 45.17 21.65 19.64 9.41 6.50 3.12 4.0800 1.96   3.96%   11.87% 31-Dec-2020 6.90 15.27 35.12 1.69 2.85% 0.94% 26-Feb-2021 7.69 17.02 39.15 1.88 2.55% 0.85%
31-Dec-2020 19-Nov-2020 30-Sep-2020 3 211,213 109,031 107,754 89,504 - 1,785,814 - % 51.02% 5.01% 448,697 47.07 21.37 19.95 9.06 0.00 0.00 3.9800 1.81   10.05%   512.08% 30-Sep-2020 7.18 15.25 35.99 1.80 2.78% 0.00% 19-Nov-2020 7.35 15.61 36.85 1.85 2.71% 0.00%
31-Dec-2020 19-Aug-2020 30-Jun-2020 2 181,255 97,335 95,333 81,331 25,775 1,696,904 31.69% 52.60% 4.79% 429,596 42.19 18.34 18.93 8.23 6.00 2.61 3.9500 1.72   41.68%   266.14% 30-Jun-2020 6.28 14.88 33.17 1.59 3.01% 0.96% 19-Aug-2020 7.04 16.69 37.19 1.78 2.69% 0.85%
31-Dec-2020 28-May-2020 31-Mar-2020 1 160,687 66,493 65,248 57,403 - 1,629,519 - % 40.61% 3.52% 425,462 37.77 16.26 13.49 5.81 0.00 0.00 3.8300 1.65   -30.99%   70.56% 31-Mar-2020 4.43 11.73 32.83 1.16 3.05% 0.00% 28-May-2020 6.05 16.02 44.84 1.58 2.23% 0.00%
31-Dec-2019 25-Feb-2020 31-Dec-2019 4 195,531 94,490 98,555 83,176 24,136 1,520,622 29.02% 50.40% 5.47% 402,281 48.61 19.78 20.67 8.42 6.00 2.44 3.7800 1.54   468.80%   166.88% 31-Dec-2019 5.11 10.51 24.71 1.35 4.05% 1.17% 25-Feb-2020 5.30 10.90 25.63 1.40 3.90% 1.13%
31-Dec-2019 18-Nov-2019 30-Sep-2019 3 125,510 18,932 15,568 14,623 - 1,417,887 - % 12.40% 1.03% 399,405 31.42 12.70 3.66 1.48 0.00 0.00 3.5500 1.43   -34.17%   -61.68% 30-Sep-2019 4.08 12.98 111.44 1.15 0.90% 0.00% 18-Nov-2019 4.75 15.12 129.74 1.34 0.77% 0.00%
31-Dec-2019 22-Aug-2019 30-Jun-2019 2 159,050 30,039 24,481 22,213 - 1,391,411 - % 15.39% 1.60% 397,546 40.01 16.09 5.59 2.25 0.00 0.00 3.5000 1.41   -34.00%   -21.89% 28-Jun-2019 3.45 8.62 61.74 0.99 1.62% 0.00% 22-Aug-2019 3.83 9.57 68.55 1.09 1.46% 0.00%
31-Dec-2019 29-May-2019 31-Mar-2019 1 221,842 44,943 37,816 33,656 - 1,373,620 - % 17.05% 2.45% 397,000 55.88 22.45 8.48 3.41 0.00 0.00 3.4600 1.39   7.99%   6.83% 29-Mar-2019 3.85 6.89 45.41 1.11 2.20% 0.00% 29-May-2019 3.39 6.07 39.99 0.98 2.50% 0.00%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 220,928 50,833 36,179 31,166 7,872 1,342,332 25.26% 16.38% 2.32% 393,646 56.12 22.35 7.92 3.15 2.00 0.80 3.4100 1.36   -18.33%   44.97% 31-Dec-2018 3.10 5.52 39.15 0.91 2.55% 0.65% 27-Feb-2019 3.88 6.91 49.01 1.14 2.04% 0.52%
31-Dec-2018 27-Nov-2018 30-Sep-2018 3 219,062 51,565 43,223 38,159 - 1,343,113 - % 19.73% 2.84% 390,440 56.11 22.16 9.78 3.86 0.00 0.00 3.4400 1.36   34.19%   -4.77% 28-Sep-2018 3.40 6.06 34.79 0.99 2.87% 0.00% 27-Nov-2018 3.33 5.94 34.07 0.97 2.93% 0.00%
31-Dec-2018 28-Aug-2018 30-Jun-2018 2 218,941 51,361 43,187 28,437 7,808 1,284,439 27.46% 19.73% 2.21% 390,407 56.08 22.15 7.28 2.88 2.00 0.79 3.2900 1.30   -9.74%   -27.81% 29-Jun-2018 3.64 6.49 49.97 1.11 2.00% 0.55% 28-Aug-2018 3.53 6.29 48.46 1.07 2.06% 0.57%
31-Dec-2018 28-May-2018 31-Mar-2018 1 215,188 42,925 35,937 31,504 - 1,221,920 - % 16.70% 2.58% 390,390 55.12 21.77 8.07 3.19 0.00 0.00 3.1300 1.24   46.54%   -15.71% 30-Mar-2018 3.23 5.86 40.03 1.03 2.50% 0.00% 28-May-2018 3.55 6.44 43.99 1.13 2.27% 0.00%
31-Dec-2017 23-Feb-2018 31-Dec-2017 4 236,364 51,041 41,269 21,498 7,805 1,221,573 36.31% 17.46% 1.76% 390,279 60.56 23.91 5.51 2.18 2.00 0.79 3.1300 1.24   -46.35%   -37.84% 29-Dec-2017 3.67 6.06 66.63 1.17 1.50% 0.54% 23-Feb-2018 3.60 5.94 65.36 1.15 1.53% 0.56%
31-Dec-2017 27-Nov-2017 30-Sep-2017 3 298,169 54,955 46,302 40,071 - 1,251,501 - % 15.53% 3.20% 382,722 77.91 30.17 10.47 4.05 0.00 0.00 3.2700 1.27   1.73%   11.59% 29-Sep-2017 3.54 4.54 33.81 1.08 2.96% 0.00% 27-Nov-2017 3.50 4.49 33.43 1.07 2.99% 0.00%
31-Dec-2017 25-Aug-2017 30-Jun-2017 2 333,467 66,076 50,270 39,390 7,626 1,235,465 19.36% 15.07% 3.19% 381,316 87.45 33.74 10.33 3.99 2.00 0.77 3.2400 1.25   5.39%   47.79% 30-Jun-2017 3.94 4.51 38.14 1.22 2.62% 0.51% 25-Aug-2017 3.53 4.04 34.17 1.09 2.93% 0.57%
31-Dec-2017 22-May-2017 31-Mar-2017 1 207,161 44,545 36,561 37,377 - 1,212,845 - % 17.65% 3.08% 381,397 54.32 20.96 9.80 3.78 0.00 0.00 3.1800 1.23   8.07%   58.41% 31-Mar-2017 2.92 5.38 29.80 0.92 3.36% 0.00% 22-May-2017 4.00 7.36 40.82 1.26 2.45% 0.00%
31-Dec-2016 27-Feb-2017 31-Dec-2016 4 186,302 49,520 41,714 34,585 10,365 1,057,243 29.97% 22.39% 3.27% 345,504 53.92 18.85 9.07 3.50 3.00 1.05 3.0600 1.07   -3.68%   201.76% 30-Dec-2016 2.15 3.99 21.48 0.70 4.66% 1.40% 27-Feb-2017 2.81 5.21 28.07 0.92 3.56% 1.07%
31-Dec-2016 25-Nov-2016 30-Sep-2016 3 215,021 51,451 44,342 35,908 - 969,968 - % 20.62% 3.70% 334,472 64.29 21.76 10.74 3.63 0.00 0.00 2.9000 0.98   34.72%   35.32% 30-Sep-2016 1.99 3.10 18.54 0.69 5.39% 0.00% 25-Nov-2016 2.34 3.64 21.80 0.81 4.59% 0.00%
31-Dec-2016 29-Aug-2016 30-Jun-2016 2 197,575 47,993 36,342 26,653 6,241 870,747 23.42% 18.39% 3.06% 312,096 63.31 19.99 8.54 2.70 2.00 0.63 2.7900 0.88   12.96%   51.44% 30-Jun-2016 1.76 2.78 20.61 0.63 4.85% 1.14% 29-Aug-2016 2.06 3.25 24.12 0.74 4.15% 0.97%
31-Dec-2016 30-May-2016 31-Mar-2016 1 217,907 40,309 31,475 23,595 - 670,312 - % 14.44% 3.52% 223,437 97.52 22.05 9.26 2.39 0.00 0.00 3.0000 0.68   105.87%   26.40% 31-Mar-2016 1.84 1.89 17.42 0.61 5.74% 0.00% 30-May-2016 1.70 1.74 16.10 0.57 6.21% 0.00%
31-Dec-2015 25-Feb-2016 31-Dec-2015 4 159,196 34,585 22,070 11,461 11,127 812,284 97.09% 13.86% 1.41% 222,543 71.53 16.11 5.15 1.16 5.00 1.13 3.6500 0.82   -56.81%   -19.68% 31-Dec-2015 2.49 3.48 48.35 0.68 2.07% 2.01% 25-Feb-2016 2.30 3.22 44.66 0.63 2.24% 2.17%
31-Dec-2015 23-Nov-2015 30-Sep-2015 3 145,766 45,142 34,602 26,536 6,678 812,553 25.17% 23.74% 3.27% 222,617 65.48 14.75 11.92 2.68 3.00 0.68 3.6500 0.82   50.77%   18.02% 30-Sep-2015 2.53 3.86 21.22 0.69 4.71% 1.19% 23-Nov-2015 2.50 3.82 20.97 0.68 4.77% 1.20%
31-Dec-2015 27-Aug-2015 30-Jun-2015 2 147,884 34,376 26,247 17,600 6,675 760,960 37.93% 17.75% 2.31% 222,503 66.46 14.96 7.91 1.78 3.00 0.68 3.4200 0.77   -5.72%   0.51% 30-Jun-2015 2.26 3.40 28.57 0.66 3.50% 1.33% 27-Aug-2015 2.00 3.01 25.28 0.58 3.96% 1.50%
31-Dec-2015 22-May-2015 31-Mar-2015 1 135,840 33,421 24,735 18,667 - 756,469 - % 18.21% 2.47% 222,491 61.05 13.74 8.39 1.89 0.00 0.00 3.4000 0.77   30.81%   19.40% 31-Mar-2015 2.52 4.13 30.04 0.74 3.33% 0.00% 22-May-2015 2.42 3.96 28.84 0.71 3.47% 0.00%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 160,279 37,729 23,374 14,270 11,131 739,101 78.00% 14.58% 1.93% 222,620 72.00 16.22 6.41 1.44 5.00 1.13 3.3200 0.75   -36.54%   17.62% 31-Dec-2014 2.40 3.33 37.44 0.72 2.67% 2.08% 26-Feb-2015 2.48 3.44 38.69 0.75 2.58% 2.02%
31-Dec-2014 27-Nov-2014 30-Sep-2014 3 164,331 42,797 32,151 22,485 - 719,074 - % 19.56% 3.13% 222,623 73.82 16.63 10.10 2.27 0.00 0.00 3.2300 0.73   28.41%   -2.62% 30-Sep-2014 2.66 3.60 26.34 0.82 3.80% 0.00% 27-Nov-2014 2.52 3.41 24.95 0.78 4.01% 0.00%
31-Dec-2014 26-Aug-2014 30-Jun-2014 2 179,030 40,837 27,893 17,510 - 692,825 - % 15.58% 2.53% 222,773 80.36 18.11 7.86 1.77 0.00 0.00 3.1100 0.70   12.00%   -23.15% 30-Jun-2014 2.24 2.79 28.50 0.72 3.51% 0.00% 26-Aug-2014 2.27 2.82 28.88 0.73 3.46% 0.00%
31-Dec-2014 21-May-2014 31-Mar-2014 1 168,825 31,657 23,878 15,634 - 683,709 - % 14.14% 2.29% 222,706 75.81 17.08 7.02 1.58 0.00 0.00 3.0700 0.69   28.87%   -2.56% 31-Mar-2014 2.26 2.98 32.19 0.74 3.11% 0.00% 21-May-2014 2.29 3.02 32.62 0.75 3.07% 0.00%

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 Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  17 people like this.
 
jamestecs When company stop buyback, the price much more stable.
26/07/2023 11:59 AM
steady31 who throw 19.6 million shares at 3.35. I wonder why
15/09/2023 4:58 PM
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