eventually when they show real profits from the power plant, this stock PE should ideally expanded to a higher multiple of 15x (its inevitable that investors sentiment to reward a higher multiple once the company can consistently produce sustainable free cash flows).
don't forget, its future revenue shall comprise mostly recurring revenue and these revenue are real cash profit under long term contracts hence protected from external forces. its really a cash cow business.
I have sold at 3.99 realising >100% gain. It's a tough decision but i made it as part of my strategy to raise cash holdings. And i decided to sell MFCB along a few stocks.
With 21% physical completion left to recognise (physical completion was 32.5% in 2018), construction revenue and profit from Don Sahong is expected to decline year-on-year in 2019 when compared to 2018. The decline in construction revenue and profit is however expected to be largely offset by test energy sales in the second half of 2019 as the four turbines are progressively being tested and commissioned.
So some holders are not waiting for coming 200M next year and selling ahead of the "decline in construction revenue and profit " ?
5月31日,老挝东萨宏水电站运维合同签约仪式在成都举行,公司副总工程师、运行维护检修公司总经理范成金和马来西亚美佳第一有限公司副董事长吴南洋在运维合同上签字。公司党委书记、董事长何其刚,公司副总经理胡湛军和马来西亚美佳第一有限公司董事长吴南侨、DON SAHONG POWER COMPANY LIMITED总经理杨志明等相关领导出席了签约仪式。
老挝东萨宏水电站工程位于老挝共和国南部占巴塞省,是助力老挝成为“东南亚蓄电池(Battery of Southeast Asia)”的关键电站。该项目由马来西亚美佳第一有限公司投资,电站共安装四台单机容量为65兆瓦的灯泡贯流式机组,总装机容量为 260兆瓦,单机容量在世界同类型机组中名列前茅。
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....
Ricky Kiat
1,356 posts
Posted by Ricky Kiat > 2019-03-15 13:52 | Report Abuse
not cheap enough , but buy on weakness. sure win stock .(^o^)