matakuda, before the US 'shares' her concern about the Lao dam, probably she should focus a little bit more of the 97+% Colorado river (was I right about the name?) water retained within US borders that assumes Mexico people has no rights to the usage... What a hypocrite
This temporary will affect the sentiment..., if good counter why not ... First what is we r in bursa ... Next what is our time frame...., next what direction we take FA or TA. Have we done our homework we buy based on what assumption....
MFCB in the news again! MFCB reaps profits at the expense of the environment. MFCB may be good for some investors, but not for me for this reason. http://www.malaysiakini.com/news/278187
MFCB fundamentals solidly intact and is severely deeply underlying value stock.Solid balance sheet with strong free cash flow,the Group has a total net cash and investment in quoted shares of RM178 million or RM0.79/share with annual fee cash flow per share of RM0.32.The Group may propose corporate exercise to reward shareholders ant time
Bank balances and deposits RM185 million and reserves RM479 million almost double its paid up capital of 243 million shares.Investment in quoted shares worth RM68 million and is one of the best fundamental stock to invest
MFCB net tangible assets worth RM3.11,earning per share RM0.306 and PE ratio only 8.3 times , much lower than FBMKLCI PE ratio 16 times It means that the share price still can move further up to above RM3.00
MFCB may propose for bonus issue to reward shareholders and accumulated reserves stood at RM479 million ,excluding treasury shares worth RM28 million The share price may climb further to RM2.70 very soon
Foreign currency risk. About 62% of the group‟s sales are derived from overseas contributions. Given the major revenue contribution from China‟s power business, appreciation in the ringgit against the Chinese Renminbi will result in lower sales for the group as majority of the company‟s export transactions are carried out in the latter currency. According to the 2013 annual report, every 5% change in Chinese Renminbi, the group‟s core earnings will be affected by nearly 3.3%. We assume an exchange rate of RM0.53/Chinese Renminbi for our FY14 and FY15 forecasts.
Concern on hydropower project. The failure of executing the RM1.5bn mega project or a delay in the project due to the pressure from various non-governmental organizations might incur cost overrun to the company and also loss of income. To-date, the company has put in a total of RM50m for the construction of infrastructure. Management estimates that the project is expected to be completed by 2019. In the worst-case scenario, the company will need to write off that RM50m or about RM0.22/share if the project is unable to take off. In addition, the company might consider fund raising exercise via rights issue and/or borrowings to fund the mega project, which could potentially hit the earnings base and/or dilute the EPS in the near term, though largely mitigated by earnings contributions from this mega-project over the longer term.
Expiry of concessions. Its power purchase agreement (PPA) for its 60%-owned Shaoxing Mega Heat & Power Co in China and 51%-owned Serudong Power S/B in Sabah will expire by 2022 and 2017 respectively. Power business currently accounts for 74% and 70% of Group‟s revenue and earnings. It will adversely affect the company‟s earnings if they fail to renew both concessions.
MFCB operates one of the largest limestone hill reserves of more than 100 acres it the state of Perak and is one of the country's largest producers of lime products,for FY13 revenue of the Resourcs segment increased by 6.7% to RM91.1m due to 11.5% higher sales of lime products.Operating grew by 11.6% to RM 22.3 million and expect the group to maintain its performance for FY14 and EPS of 32 cents is thus forecasted
Mfcb has around rm40mil of quoted investment in Malaysia, due to the correction, would it affect the next quarter's earning due to impairment loss on quoted shares?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kahhoeng
3,944 posts
Posted by kahhoeng > 2014-10-07 23:39 | Report Abuse
Will add back should it falls again