Posted by Willtolive > 2 months ago | Report Abuse

So far due to the dilligent management MFCB, the powerplant in Cambodia makes big revenue and profits

Posted by BursaVulture > 2 months ago | Report Abuse

hydro is in laos, not cambodia

Posted by Willtolive > 2 months ago | Report Abuse

@BursaVulture, you are right.
MFCB-Laos hydropower ✅

Pestech-Cambodia Transmisdion line

Jaks, Toyoventure-Vietnam Coal powerplant

Posted by Pinky > 1 month ago | Report Abuse

Strong MYR will erode earnings

Posted by hw0706 > 1 month ago | Report Abuse

WHATEVER UP WILL BE DOWN

Posted by snowball2000 > 1 month ago | Report Abuse

@Pinky
What is the likely impact of strong RM on MFCB's net profit? 10-20%?

Posted by Pinky > 1 month ago | Report Abuse

Bulk of its earnings in foreign currency. Go figure.

Posted by Pinky > 1 month ago | Report Abuse

Decent quarter. But have to see next quarter for effects of strong MYR

Posted by BursaVulture > 1 month ago | Report Abuse

should just sell edenor if really cannot turn the company around. kept bleeding money.... their cash pile growing, hopefully can secure another new bigger hydro project while growing the company.

Posted by Nepo > 1 month ago | Report Abuse

Seasonal or cyclical factors
The Group’s principal business operations were not significantly affected by seasonal
or cyclical factors other than its Renewable Energy Division where hydropower
generation is subject to seasonal fluctuation of the water level. Normally, the water
level will peak between June and November during the wet season. More detailed
commentary is set out in Notes B3 and B4 to these financial statements.

Posted by kai8994 > 1 month ago | Report Abuse

"It is worth noting that the recent appreciation of the Malaysian Ringgit (5-6% increase since the end of June 2024), if maintained for the remainder of the year, may result in lower reported earnings in Ringgit terms (on same USD term) for the second half of 2024.

Despite the stronger Ringgit, and considering the increase in effective ownership of Don Sahong Power Company (DSPC) from 80% to 95%, we expect that the PATNCI for Don Sahong will demonstrate robust double-digit year-on-year growth of more than 20% in the second half of 2024."

@Pinky, forex is inconsequential, MFCB is anticipating more than 20% y-o-y growth in 2H2024 due to higher effective interest and 5th turbine. Not to forget the rest of the divisions are growing steadily as well. MFCB never disappoints the long term shareholders :)

Posted by Pinky > 1 month ago | Report Abuse

@kai8994

Fingers crossed. MFCB has never left my watchlist ever since I sold all at RM4.60++

Looking to re-enter with my coming months' salary.

Posted by Willtolive > 1 month ago | Report Abuse

sold 469 but will buy back.

today mfcb was affected by USD and d&o

Posted by Nepo > 1 month ago | Report Abuse

Wondering why MFCB share price is affected by D&O..?

Posted by Pinky > 1 month ago | Report Abuse

D&O? Apa tu?

Posted by Nepo > 1 month ago | Report Abuse

i guess @Will refer to D&O Green Technology Bhd..

Posted by Pinky > 1 month ago | Report Abuse

But how will D&O affect MFCB?

Posted by Willtolive > 1 month ago | Report Abuse

Both companies are related by the large shareholder

Posted by ocbc > 1 month ago | Report Abuse

@Nepo , how is your CCB after privatization ?

Posted by Nepo > 1 month ago | Report Abuse

@ocbc. i already sold back my CCB shares during their 2nd offer, due to my inexperience my maybank remiser said my CCB shares ought to be sold. In fact, later i checked from other sources, if you intend to keep the shares forever even after privitisation, no one can force you to sell..

Btw, good to see you also interested in this counter

Posted by Pinky > 1 month ago | Report Abuse

CCB? Cycle & Carriage Bintang?

Posted by Nepo > 1 month ago | Report Abuse

Ya, CCB refer to Cycle & Carriage Bintang.

28/8/2024 i have participated in the MFCB Q2 online investor briefing.
Outlook is look for Q3. If you intend to keep a copy of the briefing, you can go MFCB website, on the right hand corner, try to look for the investor briefing PDF notes and download to aid your investment decision

Posted by Willtolive > 1 month ago | Report Abuse

Nepo, I also attended the briefing. I feel MFCB is looking at new services to sustain the biz but new services isn't ready for market

Posted by Nepo > 1 month ago | Report Abuse

Hi Willtolive, i guess you are talking about CSC Agruculture Holding S/B..

PETALING JAYA: Mega First Corp Bhd’s (MFCB) venture into fruit and vegetable farming is not expected to contribute significantly to its earnings.

The group, which is involved in the power, resources, and property segments, said on Wednesday that it intends to acquire a 64% stake in plantation firm, CSC Agriculture Holdings Sdn Bhd (CSCAH), for RM25mil.

Posted by Nepo > 3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/725444

Posted by Willtolive > 3 weeks ago | Report Abuse

good stock, wait for signal

Posted by newbie8080 > 3 weeks ago | Report Abuse

@Nepo,

According to the article "MFCB is also reportedly close to securing a piece of commercial land in Setia Alam for the construction of a hospital"

Seems the company is looking for other revenue source as the company revenue stays sideways since end 2022.

Posted by Pinky > 3 weeks ago | Report Abuse

MFCB is slowly becoming a rojak conglomerate 😂

Posted by BursaVulture > 3 weeks ago | Report Abuse

@Pinky

They said energy/RE will always be their core. And from profit, it is. If they can deploy their cash and grow into other businesses, it is good news. Hong Leong also diversified into many other businesses.

Posted by Pinky > 3 weeks ago | Report Abuse

@BursaVulture

But that is only at Hong Leong Capital Berhad level. We can buy HLIND if we want motorbike biz, HLB if we want purely bank biz, and so on.

MFCB is taking everything under its wings 😂

Posted by Nepo > 3 weeks ago | Report Abuse

It becomes conglomerate .

Look like this mgt is looking forward for long term sustainable segment i.e renewable energy and recession proof
segments..

Sb says that good mgt must possess the following criteria:-
1). Trustable mgt team
2). Long term view
3). Take care of minority

How many criteria does Mfcb mgt full fill?

Posted by BursaVulture > 3 weeks ago | Report Abuse

@Pinky

I am very sure when Hong Leong started, also starts small and grew and then split and split... If one day one of MFCB's subsidaries grew very big, they will split it out and list on Bursa too. Give them time to prove themselves. Maybe it works, maybe it won't. We'll never know. At least they are trying to grow and not just sit comfortably like Orient, Berjaya etc...

Posted by Willtolive > 3 weeks ago | Report Abuse

the food division is not ready for market yet

Posted by BursaVulture > 3 weeks ago | Report Abuse

yes, not ready yet. It takes time. maybe 10 years for other subsidiaries to grow into a big enough size, but i doubt it will be anywhere near the hydro. QL's familymart took so long, now still growing and consider big, but not very big.

Posted by Pinky > 2 weeks ago | Report Abuse

Will take time to find the bottom. Better stay away for now.

Posted by Willtolive > 2 weeks ago | Report Abuse

It's not the bottom, it's the realisation of profit for the new business dreams

Posted by OldWiseMan100 > 4 days ago | Report Abuse

last minute spike... ... new agreement approved by laos' gov?

Posted by Willtolive > 3 days ago | Report Abuse

investors are not convinced about the new biz

Posted by Willtolive > 2 days ago | Report Abuse

drop till 405