Posted by kcchongnz > 2013-09-16 20:44 | Report Abuse

Yes. A substantial amount of the asset belong to MI as the financials of the subsidiaries are consolidated into MFCB statements.

Posted by mhchai > 2013-09-16 21:48 | Report Abuse

Thx you kccchongnz

Posted by Jaack1 > 2013-10-14 18:05 | Report Abuse

Interesting news on SAHONG HYDRO PROJECT

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1434221

Tks/Rgds
Jack

Posted by kcchongnz > 2013-10-14 18:46 | Report Abuse

Yeah Jaack1, saw that. Thanks.

Posted by sephiroth > 2013-11-26 14:45 | Report Abuse

kcchongnz, what's yr view on the latest quarterly results. 9 monthes eps of 27.79 sen per share already surpass last year's 25.5 sen per share.

Posted by kcchongnz > 2013-11-26 16:17 | Report Abuse

sephiroth,

MFCB's 9 month result shows a slight dip in revenue of 2.5%. However its ebit and pretax profit increase by 25%. This was due to higher margin especially in power generation. The bottom line hence very good. But more importantly, its share price has risen by 16% (including dividend) since 4 months ago when it was RM1.70. So is it too expensive now? Bear in mind that a good company is not a good investment if the price is not right.

My opinion is it is not expensive at all. In contrary, MFCB is dirt cheap in relation to its earnings, especially if you measure by its enterprise value. As earnings increases, EV/Ebit becomes even lower.

Posted by sephiroth > 2013-11-26 16:30 | Report Abuse

thanks, kcchongnz, even at current price, PE drop from 7 plus to 5 plus which is very cheap

Posted by Jaack1 > 2014-02-20 12:50 | Report Abuse

Information sharing:-

3 Off Market Transactions in February

11/2/14 1,000,000 shares
13/2/14 1,000,000 shares
19/2/14 1,000,000 shares

Price not disclosed

Tks/Rgds
Jack

Posted by Jvei > 2014-03-17 22:03 | Report Abuse

Hi kcchongz, may we ask about the current price on mfcb still worth to buy?

Posted by houseofordos > 2014-03-17 23:13 | Report Abuse

KC what is your view on the persistent selling by the directors recently ?