I also get my split share. However, the account (mplus) show that my gross invest for mfcb is RM 0.. The price today is my profit... This make me difficult to record my average price, zzz
I think we wait for another few days for the system to reflect the true value. Could be due to settlement price not yet fully completed. Previously Supermax bonus issue, I do not have these issue.
Uplanet. Yes I received the share split. But the price shows today open price as my cost. Where else I bought it before ex date at lower price. That's why I said something not right
This is quite frustrating. I noticed on certain occasions the ex price is automatically adjusted ie Kobay but not this counter. Perhaps this is a split not a bonus or wait a couple of days to ad.just. Anyway can edit cost manually by going to portfolio, click on mfcb
In market, many many stingy/Con bosses!!! Be careful!! Mfcb boss is just ‘a bid’ away from the category of stingy boss!!! Judge from the dividends, now most generous boss is TG LWC!!! Only my 2cents!
Before u make such sweeping statements, do a little bit of research please.. they had explained why the dividend may not be much the next few years - focus on the growth of company. The owner of this company also owns D &O, look at their track record..
Who is who and what is what also dunno. I bet you confuse your mum with your dad too.
----------------------------------------------------------- UPlanet Ha, you can trust Vincent Tan??? See how many. yrs Con the BjC shareholders??? 19/06/2021 11:22 AM
energy stocks worldwide enjoy higher per like 20-30 in usa.Those in klse are 8-12 .There is no tangible reason for such low per especially since energy stocks have predictable long-term earnings and MFCB in particular should fetch a premium .Imagine just doubling the per can double the market price.The earnings quality of mfcb should be better than the best tech stocks whose earnings are cyclical depending on supply and demand buy yet are all selling at per of above 50
@capitalist you will never make money by resorting to schadenfreude from watching people lose money. Looking at your comment history, it is all about Serba Dinamik which is very hot and popular stock on the exchange. MFCB could be due for a correction soon of course. But for investors with time horizon of more than 2 years, I do not see any decent opportunities in large cap stocks other than Press Metal, Malaysian Pacific Industries and Mega First.
Why MFCB is trading at low valuation? Risks involving the Don Sahong concession. Local community has been vocal about the environmental concerns regarding the project as well as volatility in earnings as a result of varying climate conditions.
I never laugh at people losing money because I truly believe that buying stocks or any risk assets is a long term game and a marathon. Sure, you could be right about a stock and laugh at the supporters/bulls for holding on and losing money. But sooner or later, it will be your turn. Or worse, you will end up watching the company become KLCI component stocks one day. Never get cocky and stay humble while investing :)
InsiderShark People tend to forget the counterparty or paymaster is Laos. It's the poorest nation in Asean, and its avenues to earn foreign exchange is rather limited. If the government has difficulty to generate US$ reserves, that will be time mfcb won't get paid. MFCB has a sound management team it seems, but the exposure to a single customer, that is Laos makes investors to demand a higher discount when buying into this stock. Country risk is real and a red big flag one should not ignore. That very much explains why mfcb can only trade near single digits PE, nothing more!
Before anybody makes any comment here, perhaps they could do some homework and read up a bit about the project and company. Doomsayers always justify their argument when the stock is falling but disappear when it goes up.
The rely solely on 1 income from that hydro? I thought that hydro in laos was recently completed and they have many other projects. Unless you are saying that hydro in laos contributes a significant chunk or 50% of their profit then what you said make perfect sense.
From what I read, the hydro contribution is EPS of 52.6 sen.
MFCB is not going to collapse if the hydro is not profitable or something bad happens.
Back to my question, why the PE so low? As if investors are not very keen, what are the risk?
MFCB provides stable income over the period of the concession for the hydropower and the packaging biz offer some extra growth prospect to the counter.
In short it's a dividend yield counter and don't expect it to grow 100% in share price annually unlike previous years as the hype of the hydropower anticipated earnings had materialized.
Unless, there is new catalyst like building a new hydropower or buying a packaging biz or new biz venture that offers 50% to 100% increase to top line and bottomline annually, nothing will much the share price tremendously.
Those wise investors would have entered the counter between 2014-2016 and now receiving dividend yield of 12%-15% p.a. on top of their capital appreciation.
@RJ87, You should compare Dufu with Notion or JCY within similar universe.
The closest for MFCB is YTLpowr & Malakoff of similar size & nature. However slight difference between Hydropower & Thermal powered plant. Can't recalled any hydropower listed company except kpower but not comparative due to it's RE segment-solar pv is allocated higher PE.
But MFCB is not pure play for energy generation as it has other income generators. If the packaging biz grows to sizeable portion, it can be valued under conglomerate style or holding company.
Thus it would be better for them to spin off the energy biz to get better valaution.
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everest29029
153 posts
Posted by everest29029 > 2021-06-14 13:20 | Report Abuse
Jefffson87, the trading platform is not as sophisticated as u think. From now on you would have to keep your own record.