Anyone can clarify where is the official statement from mfcb that the shaoxing power plant service contract been extended to 2022 instead of end of 2017. I didnt find it in annual report, i didnt find it at mfcb website. Bare in mind 70% of earning is from this china power plant. So, it is extremely important to know if this is true.
Yes, i read this from edge and newspaper before as well, my point is is there any statement being done by mfcb as official announcement instead of 3rd party. What i meant official could be annual report or website of mfcb. I tried to scrubbed all mfcb news and annoucement on klse.com.my but i couldnt find any for the past 2.5 years. As all we know this is the key factor that suppress the share price for past 3 yrs.
crocodile1980, you are right. Bursa only provides info after 2001, we can't find the details of the agreement regarding china power plant. The statement in MFCB website: 'co-operative joint venture on 23 October 1995 with an operating period of 22 years' made you think the power plant expired in 2017 rite? But i guess the plant go thru 5 years of construction after joint venture in 1995 and only start operation in 2000, so the plant will only expired in 2022 (guessing only ya).
this is a sure buy counter. if u follow this counter long enough. it is from no liquidity to better liquidity after right issue. good earning. good prospect. dividend not bad. dont dare to buy because no ppl comment? it is the time to buy. hehe
bagger, there are some current contract will be expired soon. So if there is no renew of contract, then the Hydro project will be main contribute to EPS, it is about 25-30cents per year in future, by PE of 10 the TP at around rm3. Currently share price at 2.35, buy now still have 20-30% possible profit margin.
The existing PPA of the Tawau plant will expire in December 2017. Discussions for an extension of the PPA are currently underway with Sabah Electricity Sdn Bhd (“SESB”) and an announcement will be made once the PPA extension has been signed.
Market forecasts MFCB would show good results in its quarterly reports to be announched next month. Due to that, its share price has moved to 2.45 highest on 11/01/2017. Brief translation from the above.
Conservative valuations of MFCB: 1) Based on annualised EPS = 39.79 sen (Q4 forecast EPS to be 9.95 sen) and average PER of 7.55, TP = 3.00 2) Assuming average FCF of 70 mil (lower than latest FY 2015: 87 mil) growing at inflation rate of 2% (very conservative) with WACC of 9.8%, FCF per share = 3.65 3) SOP valuations by Public Bank = 3.16
I think we can safely conclude that the intrinsic value of MFCB is at least RM3.
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....
farinsight
128 posts
Posted by farinsight > 2016-10-21 08:36 | Report Abuse
Yes, i bought some warrant two days ago, see after consolidation will the share price towards north.
hope at can go to rm2.50 this round.... ha ha