Management continues to source for new business opportunities to expand its investments in C&I solar photovoltaic projects. At present, the Group has secured five (5) Solar C&I projects with a total installed capacity of 17MW. The first project of 1.5 MW has commenced commercial production in August 2020. The remaining secured projects are expected to be progressively implemented over the next 12-15 months.
MFCB Q3 profit of 89.5 millions is a record profit in the history of mfcb financial. This is achieved with contributions from the 3 businesses of power generation, resource and packaging. The cash flow from.operation has also improved with a nett cash of 250 millions generated in the cumulative 3 qtrs. Q3 itself generated 127 millions nett cash from operation. The packaging business is seeing exponential growth in both revenue and profits. The management expects a better profits in Q4 from Don.Sahong power .
To cope with growing domestic and overseas demand, the division has embarked on a major expansion program to increase the production capacity of paper bags by 200% by end 2021 and production capacity of flexible packaging by 100% by end 2021. The expansion, including the construction costs of two new factories, is expected to cost about RM120 million over the next 2 years.
another typical cina man company here, making quarterly profit, expanding business here and there, but zero divident for share holder, low volume, price stagnant and trending down, better cut losses and move to other counter.
Just like Serba DK, it's unfortunate that one of the substantial investors decided to pare down their stake. However this will not last forever.
In actual fact the share price hovers around RM7+ suggests that the selling is actually well absorbed by market / perhaps another large shareholder. The share price will start moving upward fast once the selling is done.
MFCB is a proven well run company. Just be patient and wait for the next catalysts (a) even better Q4 profit from Don Sahong, (b) higher dividend, (c) potential LSS project to materialise...
There is a kenanga call warrant expiring on.30 Nov with a conversion price of 5.20 and exercise ratio of 5 to 1. Anyone know what is original price offered by kenanga. I suspect somebody is trying to depress the price so that the issuer do not need to top up so much for the warrant settlement
Abdullah 53 "B9. Dividends (a) A final single-tier dividend of 6.0 sen per ordinary share for the financial year ended 31 December 2019 amounting to RM28,420,725 was paid on 25 August 2020 and has been included as a liability in these financial statements. (b) The Board has declared an interim single-tier dividend of 6.0 sen per ordinary share in respect of the financial year ending 31 December 2020 to be paid on 2 December 2020 based on shareholders registered on 25 November 2020 . This dividend has not been included as a liability in these financial statements; and (c) The total dividend declared to-date for the current financial year is 6.0 sen (30 September 2019: nil) per ordinary share. "
Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:
1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.
Will the market go down? Will it crash? Take profit now or wait?
Maybe a new leadership is required, as Dr Lim Thian Soo no longer capable to evolve. Also busy with D & O Green Technologies & Rock Chemical Ind. We need a younger & brighter visionary
The trading theory is very simple, when they are pressing down the price, if you could hold it, u r the winner eventually, otherwise you have just cut loss, so 2 choices, take it or leave it, in fact this company I stated notice they have started pumping in new blood, this round drop is due to effect of young blood
mfcb started rallying today. I still suspect the last one week depressing of mfcb prices has to do with the call warrant which expired yesterday. The issuer will use the average of last five days pricings to settle the amount need to be paid to the warrant holders.
23.5million to dispose from 10 Oct, every trading day dispose ~400k, 38 trading days total should dispose at least 15m, excluding high trading volume days, guess they are disposing all soon...
not sure if there were any special deals, but i guess maybe the agreement was to keep the price around RM7, with the thin volumes, hence it might take some time for market to swallow their 23.5m 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....
gemfinder
6,880 posts
Posted by gemfinder > 2020-11-19 18:26 | Report Abuse
Growth in all bisness segment