KLSE: MFCB (3069)       MEGA FIRST CORP BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
7.09   -0.05 (0.70%)  7.07 - 7.16  234,800
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Market Cap: 3,504 Million
NOSH: 494 Million
Avg Volume (4 weeks):863,495
4 Weeks Range:6.72 - 7.57
4 Weeks Price Volatility (%):
52 Weeks Range:3.10 - 7.83
52 Weeks Price Volatility (%):
Average Price Target: 7.83
Price Target Upside/Downside: +0.74
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  19-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  25-Feb-2021
T4Q P/E | EY: 11.25  |  8.89%
T4Q DY | Payout %: 1.42%  |  16.03%
T4Q NAPS | P/NAPS: 3.6137  |  1.96
T4Q NP Margin | ROE: 49.00%  |  17.44%


Date Subject
20-Nov-2020 MEGA FIRST CORPORATION - A Commendable Set of Results
20-Nov-2020 Mplus Market Pulse - 20 Nov 2020
18-Nov-2020 Trading Stocks - Mega First Corporation
05-Nov-2020 PublicInvest Research Headlines - 5 Nov 2020
05-Nov-2020 Mplus Market Pulse - Finding stability
02-Oct-2020 MEGA FIRST(3069)美家第一还是那么美吗? 【 完】(MFCB (3069) still looks attractive after earning normalised?)【full】
23-Sep-2020 [Humbled Investor] MFCB: Low Risk High Return? What is the Target Price?
15-Sep-2020 Trading Stocks - Mega First Corporation
04-Sep-2020 Mega First Corporation - Widening Business Scope
02-Sep-2020 2Q 2020 Result Round-Up - Another Weak Quarter
22-Aug-2020 (Tradeview 2020) Long Term Value Pick 4 - Mega First Corporation Bhd. (The Power Player with Continuous Growth Story)
21-Aug-2020 Mega First Corporation- Riding on Higher Capacity Factor
21-Jul-2020 (TapDance) Low Risk High Return (4) - MFCB
13-Jul-2020 Mega First Corporation- Not Resting On Laurels
01-Jul-2020 Power - No Electricity Surcharge For 2H20
29-Jun-2020 Malaysia 2H 2020 - The Great Expectation
24-Jun-2020 Trading Stocks- Mega First Corp
24-Jun-2020 美佳第一 阻力RM6.57
16-Jun-2020 Daily Technical Highlights – (AIRASIA, MFCB)
09-Jun-2020 Mega First Corporation- Key Takeaways From Conference Call

Business Background

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.
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  13 people like this.
kenken85 hahah.. relax everyone .. just too bored with mfcb. i has been with mfcb for more than 3 years... even i say lousy share i still keeping. i think the recent being pressed is still due to the foreign fund. they still have a lot to sell. be patience and dont mad.
19/11/2020 9:43 AM
Jeffreyboy Boomberg said QR 25-Nov wohh.... not 19-Nov....
any one got confirmation dateof QR?
19/11/2020 10:26 AM
terence775 Then you should be very happy lah aiyo. 100%+ gains not happy ka....
19/11/2020 10:27 AM
pjseow If you take a refence of 2 years or 3 years ago, mfcb has doubled its share price while the klci has gone negative .If you take a one year reference, mfcb share price has gone up 50% while the klci is flat . Relatively mfcb has outperformed the klci although it may appear to be boring and unexciting. For a stock to double its price in 3 years ,its average annual compounded growth rate is 24 % not including dividend received. This is warren buffet average growth for his investment. Kenken should be happy with his mfcb investment unless his goal is to be better than buffet .
19/11/2020 10:54 AM
kenken85 pjseow, of cuz i am happy. it is my biggest earning stock so far. i bought it before right issue. I am super happy with it. But i dont have much feel for it , because it is so stable and good. Has been following all the news, and u can see the new packaging sector is in the QR whiich going to be a new growing factor, but i think it is still relatively small compare to its energy sector. Waiting they put the solar sector in also in future when the amount is big enough. There is still a lot of exciting thing ahead, but if u follow it close enough, everything is in plan and in calculation.
19/11/2020 11:33 AM
abdullah53 ya, absolutely right, high time to sell, for late comer, may be too late for you to come in.
19/11/2020 11:33 AM
pjseow Kenken, mfcb is also my most profitable investment in my 20 plus years stock investment. I agree with you that mfcb has few other businesses which.will grow in.futures. MFCB has good track records of more than 20 years in revenue growth and profits growth.
19/11/2020 2:28 PM
pputeh My only regret was I sighted this gem beginning of this year (2020) @ 5.50. started buying mfcb then and added on everytime it fell back to just below 7rm. No regrets, I feel the div will rise as profits improve and loans are repaid.
19/11/2020 3:45 PM
pjseow mfcb result is out . profit is 89.5 million . yoy is 512%。 Within our expectation. Cheers.
19/11/2020 5:37 PM
gemfinder Very good result
19/11/2020 5:44 PM
Yu_and_Mee congrats
19/11/2020 5:48 PM
GeniusTinker Actually profit after tax is 107 million. But discontinue operation lost 20million
19/11/2020 5:53 PM
kai8994 And next quarter is expected to be even better as no maintenance will be carried out :)
19/11/2020 5:54 PM
gemfinder Growth in all bisness segment
19/11/2020 6:26 PM
Evelyn Management continues to source for new business opportunities to expand its investments in C&I solar photovoltaic projects. At present, the Group has secured five (5) Solar C&I projects with a total installed capacity of 17MW. The first project of 1.5 MW has commenced commercial production in August 2020. The remaining secured projects are expected to be progressively implemented over the next 12-15 months.
19/11/2020 6:39 PM
kenken85 as expected. another boring QR. haha. dont shoot me guy. everything smooth sailing as planned. .. and i just keep as planned.
19/11/2020 6:42 PM
Beast3 Nice QR.

This counter uptrend. Very good
19/11/2020 6:53 PM
Beast3 Long term so profitable. Love
19/11/2020 7:17 PM
gemfinder Tis round..can touch rm8.50
19/11/2020 10:12 PM
pjseow MFCB Q3 profit of 89.5 millions is a record profit in the history of mfcb financial. This is achieved with contributions from the 3 businesses of power generation, resource and packaging. The cash flow from.operation has also improved with a nett cash of 250 millions generated in the cumulative 3 qtrs. Q3 itself generated 127 millions nett cash from operation. The packaging business is seeing exponential growth in both revenue and profits. The management expects a better profits in Q4 from Don.Sahong power .
20/11/2020 7:21 AM
linjie To cope with growing domestic and overseas demand, the division has embarked on
a major expansion program to increase the production capacity of paper bags by 200%
by end 2021 and production capacity of flexible packaging by 100% by end 2021. The
expansion, including the construction costs of two new factories, is expected to cost
about RM120 million over the next 2 years.
20/11/2020 8:48 AM
abdullah53 another typical cina man company here, making quarterly profit, expanding business here and there, but zero divident for share holder, low volume, price stagnant and trending down, better cut losses and move to other counter.
20/11/2020 9:50 AM
kai8994 No dividend? Read carefully buddy.

The interim of 6c matched 2019 full year dividend already. Expecting a better final dividend next quarter :)
20/11/2020 10:04 AM
pjseow mfcb paid 6 sen dividend in.August 2020 and will pay another 6 sen on 2nd Dec.
20/11/2020 10:11 AM
kai8994 Just like Serba DK, it's unfortunate that one of the substantial investors decided to pare down their stake. However this will not last forever.

In actual fact the share price hovers around RM7+ suggests that the selling is actually well absorbed by market / perhaps another large shareholder. The share price will start moving upward fast once the selling is done.

MFCB is a proven well run company. Just be patient and wait for the next catalysts (a) even better Q4 profit from Don Sahong, (b) higher dividend, (c) potential LSS project to materialise...
20/11/2020 10:19 AM
I3stock ya, the dividen been announced on 10 Nov
20/11/2020 10:19 AM
pjseow There is a kenanga call warrant expiring on.30 Nov with a conversion price of 5.20 and exercise ratio of 5 to 1. Anyone know what is original price offered by kenanga. I suspect somebody is trying to depress the price so that the issuer do not need to top up so much for the warrant settlement
20/11/2020 10:33 AM
pjseow Fske news like no dividend are.spread to get peoples to sell.to depress the price
20/11/2020 10:39 AM
gemfinder sold all 7.40. TQVM
20/11/2020 10:50 AM
kenken85 gemfinder can i know why u sell it? , Growth in all bisness segment- this is what u comment yest. jus to share ur thought if u dont mind.
20/11/2020 11:16 AM
terence775 I added more at 7.35, I knew for sure after QR will have some selldown so I waited a bit haha.
20/11/2020 11:21 AM
abdullah53 why is there 0.00 divident announced for Period 30 Sep 2020 in Summary of Key Financial info
30 Sep 2020 in KLSE ?
20/11/2020 12:15 PM
JayC88 terence775 u are so smart!
20/11/2020 12:44 PM
Cheong88 Abdullah 53
"B9. Dividends
(a) A final single-tier dividend of 6.0 sen per ordinary share for the financial year
ended 31 December 2019 amounting to RM28,420,725 was paid on 25 August
2020 and has been included as a liability in these financial statements.
(b) The Board has declared an interim single-tier dividend of 6.0 sen per ordinary
share in respect of the financial year ending 31 December 2020 to be paid on 2
December 2020 based on shareholders registered on 25 November 2020 . This
dividend has not been included as a liability in these financial statements; and
(c) The total dividend declared to-date for the current financial year is 6.0 sen (30
September 2019: nil) per ordinary share. "
20/11/2020 12:48 PM
gemfinder mayb I feel the result is expected, not a wow. Definitely I wil buy back if there is a chance
20/11/2020 2:13 PM
terence775 Jay, good to see you here too. PE10 for a company with strong and sustainable earnings visibility and growth? count me in man..
20/11/2020 3:25 PM
brendonyeap My TP for this stock is RM 9.50 based on PE 15x.

The coming Q4 results will be much better.
20/11/2020 10:41 PM
pjseow Public lnvest latest report give a new TP of 8.62 .
20/11/2020 10:56 PM
UndukNgadau I totally agree with BrendonYeap. PE 15x.
21/11/2020 12:58 PM
RainT TP RM12
21/11/2020 3:21 PM
LongTermInvestor8 Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?


Price correction coming as shown in TA chart. RSI at 80% all time high. MACD all time high and about to cross like previous crossing. Volume down
21/11/2020 5:08 PM
BabyAce This stock is really an amazing Company.
21/11/2020 6:18 PM
Erudite Agree gud one. Best power co, MFCB!
21/11/2020 6:24 PM
flyingtomoon2020 Mfcb gogogo
21/11/2020 11:52 PM
flyingtomoon2020 Post removed. Why?
21/11/2020 11:52 PM
UndukNgadau Just bought more. Total confidence.
23/11/2020 10:05 AM
flyborn Will in 6.80 - 6.90
Hopefully will get
Wallap 250 lot
23/11/2020 7:59 PM
Sphinx88 No Eye See. Just hold it.
24/11/2020 10:59 AM
newbird77 Nobody goreng, sure won't move la, force u all to sell cheap if without holding power
26/11/2020 11:45 AM
brendonyeap Buy as much as possible
26/11/2020 9:55 PM

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