Thanks goody99 for the explanation.

The presentation is really "misleading", Q1 FS shows weighted average no. of shares of 699m, then in Q2 FS it become 419m.

AmInvest forecasted FY2024 net profit at RM63mil & EPS of 7.5sen. But the latest QR shows YTD June 24 net profit @ RM33mil & 6 months EPS is already at 7.97sen. The full year EPS should be around 15sen?

Did I read it correctly?

"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 :)

Be patience guys, another one or two quarters with double digits growth will definitely attract more interest. The price is well supported actually despite PNB trimming its stake for a month already.

“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.

Yes, it’s very likely that it’s 1 cent or more per quarter this year. This is slightly more than a 6% dividend yield at the current price. Coupled with the growing total addressable market, it’s definitely worth holding for the long term.

"In addition to establishing production facilities in Bangladesh and Nepal, we are expanding into the promising Brazilian market. With a population of 215 million and a gross domestic product (“GDP”) of US$1.9 trillion, Brazil's market size exceeds that of Peru, Bolivia, and Mexico combined, the top three (3) markets in our existing Latin American region. Given the proximity to our existing market and cultural similarities, we are confident in our ability to grow in Brazil."

I think they will achieve much more than RM80m per quarter soon.

@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.”

https://yinson.irplc.com/medianews.htm?filepath=YINSON/2024.06.19%20Yinson%20Q1%27FY2025%20Press%20Release_FINAL.pdf

"Yinson Production achieved some significant milestones. FPSO Atlanta arrived safely at the Atlanta Field
on 11 May and mooring campaign is well underway. FPSO Maria Quitéria completed its project
construction phase, marked by its sail away to Brazil on 7 May and is now on the way to the Jubarte Field
in Brazil after a short stopover in Singapore earlier this month. Both projects are on track to achieve first
oil by the end of the year. First oil will also mark the commencement of both projects’ firm charter period,
which will significantly boost profits and cash, enabling us to reward our shareholders and continue
growing our FPSO business in line with the strong market opportunities available."

Yinson has confirmed the other two FPSOs are on its way to achieve first oil by end of the year. With them setting the floor price at RM2.33 with massive SBB, could be a good opportunity to invest now.

@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 :)

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.

MLM does not appeal to many generally. However so long the company can grow consistently and report higher profit, the share price will catch up eventually. Meanwhile just sit down and enjoy the good dividend..

@8dragon

As per the recent announcement, EPF's shareholding is at 17.226% vs 16.69% as reported in 31 May 2023 AR. While KWAP's shareholding is 7.65% vs 6.55% as reported in 2023 AR. Which govt fund you referring to?

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?

"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

There are rules on continuing disclosure (Chapter 9 of Listing Requirements). It's a JV, the financial impact isn't material enough to warrant immediate announcement.

Bullish2021, to be fair it has increased the div payout by 100%, it paid a interim of 6c already. Full year dividend is 12.5c now compared to 6c last year.

The management has utilised bulk of the cash to settle the debt. I believe dividend could increase further once all the debts are settled this year.

Either Fidelity is on holiday or they sold off all their shares. Hopefully is the latter :)

Escape? Did the business prospect change over the last few days?

Fidelity is about to finish dispose of all its stake, there will not be that much of supply again next year. Looking forward for record profit and perhaps divided in Q4 announcement :)

I think FMR will finish dispose of its stakes soon. attractive entry price now as the disposal are well absorbed at RM7 level.

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...

No dividend? Read carefully buddy.

The interim of 6c matched 2019 full year dividend already. Expecting a better final dividend next quarter :)

And next quarter is expected to be even better as no maintenance will be carried out :)

No idea whether it will x3 or not, but oil price did not recover, in fact it has dropped to around USD41 - 42 from USD45 - 46.

Looking at ASP alone would not tell a complete picture. One should focus on margin spread (ASP - Naphtha Cost) instead.

The Management expect to see continual increase of margin spread (higher than 2019 already) and volume (record volume achieved in May & June already) in second half. Please refer to slides below:-

https://www.lottechem.my/upload/webBoard/LB15/LB15_a_20208515276.pdf

All time high, sky is the limit :)

The acquisition has completed on 2 Aug. Looking forward to higher profit and more dividends :)

Surge continued :D

On course to breakout from cup and handle formation, stay tuned!

Both fundamental and chart also look great, breakout from the cup and handle formation :D

Buoyant market is back, hopefully qtr result will be announced tomorrow. Great timing :)

Earlier than Sept as Q2 result will be out before end of Aug :)

UTDPLT and CHINTEK reported good Q2. TSH should follow suit.

Amway is in the midst of transforming into "open retail" model. They would launch Amway Privileged Customer before end of this year. It can be a game changer.

Forming cup and handle pattern. Sit tight ready for break out!

Broke new high, sky is the limit :)

One of the few companies (apart from glove) that will report bumper profits in the next few quarters. Most importantly it's still trading at much lower valuation compared to glove!

Warming up for another excellent quarter. Great opportunity to accumulate this cash cow while everyone is focusing on glove.

waiting to form handle and hopefully can breakout soon :)

Bursa has allowed extension of filing QR automatically due to MCO. Nothing suspicious.

huh on board a shell company with no revenue generating business?

Judging from the volume I believe EPF is going to fully divested its stake soon. The price should move up easily once the overhang is gone.

7% dividend yield at current price with steady business outlook. good for defensive play

Easily one of the top "defensive counters" to consider in current challenging time. Great dividend + steady business growth.

After the special div is paid end of April, shareholders can look forward for addtional gain on disposal of RM400m in Q12020 result.

I will be very surprised if Bursa and MSWG did not question the share subscription agreements (SSA).

Paying RM10,000 (non-substantial and thus shareholders' approval are not required) to subscribe for shares in companies that are in the midst of buying RM350mil worth of lands from "someone" (seller details are not provided)?

As though Malaysian investors are blind...

Looking good, forming cup n handle.. next breakout will be unstoppable :)

If this p2p financing for Fund My Home is viable, USA & other developed countries long ago alredi implement it. Do you think Msia is more genius than USA?
06/11/2018 09:14

Open up yr colonised mindset :)

http://ecoworldinternational.com/wp-content/themes/ecoworld-international/images/download/EWI_Presentation.pdf

Refer pg.20 for earning sustainability

13c dividend.. :)

Pang72... Why would a renowned insurance company want to do a back door listing???