His worry about nobody buying electricity or someone won't pay electricity bill has been proven wrong. Even Director Jona from Ministry of Energy Cambodia reiterate on the buying price.
gemfinder, when a tgt.price is.set or propoased, it is meant for the future be it short term, medium term or longer term. The recent steep price increase is in line with an expected bumper Q4 result as projected bythe 2 ibs in Nov. I also believe that IBs will upgrade the tgt prices in their next report. But the upgrade is not because of Q4 result but with the potentials of making huge earnings from the sale of electricity fromQ1 2020 onwards
Gemfinder, you are entilted to your opinion. The fact was that despite mfcb had a bad Q3 results both in terms of qoq and yoy, both IBs upgraded the tgt prices from rm 5.00 to 5.50 by maybank and from 5.04 to 5.71 by Public Invest respectively. As for Jaks ,.I will.give my more detailed comments in.Jaks forum. Both public invest and affin.bank also upgraded the Jaks tgt prices by 33.3 and 20 % respectivrly despite poorer qoq result in Q3. What is the key factor which.make these IB s to upgrade their tgt prices despite poorer results than previous qtrs.?
No doubt the Don Sahong Power Division will be the superstar business segment for MFCB for years to come.
What about their Solar Division? Maybe this will develop into another profitable segment.
Extract from MFCB Bursa announcement on 14 August 2019 :
(ii) OPTION AGREEMENT ENTERED BETWEEN MENTERI BESAR INCORPORATED (PERAK) AND BAYANGAN SUTERA SDN BHD 1. INTRODUCTION Bayangan Sutera Sdn Bhd, a 80% indirect subsidiary of the Company (“BSSB”) had on 13 August 2019 entered into an Option Agreement with Menteri Besar Incorporated (Perak) (“MB Inc.”). 2. DETAILS OF THE OPTION AGREEMENT 2.1 The Land MB Inc. is the registered proprietor of an approximately 688.89 acres 99-year leasehold land in Daerah Kinta in the state of Perak Darul Ridzuan. (“the Land”) 2.2 Consideration BSSB hereby agree to fully and unconditionally accept the assignment of the commitment fee paid by Teratai ANR Sdn Bhd (“TASB”)/Teratai Kembara Sdn Bhd (“TKSB”) pursuant to the Deed of Revocation entered with the detailed as mentioned in the above announcement. 2.3 Option BSSB shall be entitled from time to time and at any time within the Option Period (as set forth below) to : i. to lease the Land from MB Inc.; or ii. to buy the Land with MB Inc. 2.4 Option Period Option period commencing from the date of this Option Agreement until 31 December 2020 or such later as may be agreed between MB Inc. and BSSB for BSSB to exercise either the option to lease or to buy the Land. A further detailed announcement will be made when the option is exercised by BSSB during this Option Period.
Eyeing solar projects. MFCB and Pekat Teknologi S/B have recently established a 55: 45 joint venture called MFP Solar S/B to undertake solar projects up to 10MW in Malaysia, which is believed to give far better investment returns of 10%-12%. MFP Solar S/B will be the engineering, procurement and construction and commissioning (EPCC) contractor to undertake the installation of solar power projects on the rooftop of industrial and commercial buildings under various models, namely, Build-Operate Transfer (BOT), outright sale or leasing. MFCB will ride on Pekat Teknologi’s vast experience in the solar industry. For a start, the JV intends to tap on multi-national companies for opportunities.
So, if we add the above move with Minister Yeo Bee Yin's push ( see article below) for more Renewable Energy, then MFCB's future has just become more and more cantik...
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....
RowBoat
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Posted by RowBoat > 2020-01-08 11:03 | Report Abuse
Great news