MEGA FIRST CORPORATION BHD
KLSE (MYR): MFCB (3069)
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Last Price
4.37
Today's Change
-0.02 (0.46%)
Day's Change
4.33 - 4.40
Trading Volume
2,781,400
Financial
Market Cap
Market Cap
4,319 Million
NOSH
988 Million
Latest Quarter
Latest Quarter
30-Sep-2024 [#3]
Announcement Date
21-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
28-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
10.72% | 13.76%
T4Q Result
Revenue | NP to SH
1,341,683.000 | 439,483.000
RPS | P/RPS
135.75 Cent | 3.22
EPS | P/E | EY
44.47 Cent | 9.83 | 10.18%
DPS | DY | Payout %
8.35 Cent | 1.91% | 18.77%
NAPS | P/NAPS
3.03 | 1.44
QoQ | YoY
3.32% | 23.15%
NP Margin | ROE
35.98% | 14.66%
F.Y. | Ann. Date
30-Sep-2024 | 21-Nov-2024
Latest Audited Result
Latest Audited Result
31-Dec-2023
Announcement Date
02-May-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
02-May-2025
Est. Ann. Due Date
29-Jun-2025
Annual (Unaudited)
Revenue | NP to SH
1,317,635.000 | 383,708.000
RPS | P/RPS
133.32 Cent | 3.28
EPS | P/E | EY
38.82 Cent | 11.26 | 8.88%
DPS | DY | Payout %
7.87 Cent | 1.80% | 20.27%
NAPS | P/NAPS
3.09 | 1.41
YoY
-3.3%
NP Margin | ROE
34.28% | 12.56%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Annualized Result
Revenue | NP to SH
1,356,578.666 | 423,284.000
RPS | P/RPS
137.26 Cent | 3.18
EPS | P/E | EY
42.83 Cent | 10.20 | 9.80%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
5.39% | 21.31%
NP Margin | ROE
33.85% | 14.12%
F.Y. | Ann. Date
30-Sep-2024 | 21-Nov-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Continuous Quarters Of Adjusted EPS Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Total Dividend Years | 2 / 4 | 50.00% | 4 / 8 | 50.00% |
| Continuous Quarters Of Dividend | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Average ROE | 3.53% | 3.31% | ||
| Average Net Profit Margin | 36.09% | 33.94% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Profit Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend Growth | 5 / 5 | 100.00% | 6 / 10 | 60.00% |
| Continuous Quarters Of Adjusted Dps Growth | 5 / 5 | 100.00% | 6 / 10 | 60.00% |
| Average ROE | 14.60% | 12.40% | ||
| Average Net Profit Margin | 40.45% | 29.13% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 1,341,683 | 1,356,578 | 1,317,635 | 868,787 | 1,008,200 |
| NP to SH | 439,483 | 423,284 | 383,708 | 225,030 | 343,560 |
| Dividend | 82,491 | 56,560 | 77,777 | 37,972 | 59,092 |
| Adjusted EPS | 44.47 | 42.83 | 38.82 | 22.77 | 34.76 |
| Adjusted DPS | 8.35 | 5.72 | 7.87 | 3.84 | 5.98 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 12.07% | 16.11% | 2.42% | 10.91% | 10.27% |
| NP to Owner | 10.72% | 13.76% | 21.31% | 6.16% | 17.18% |
| Dividend | 0.00% | 0.00% | 12.45% | 0.00% | 0.00% |
| Adjusted EPS | 10.72% | 13.76% | 21.31% | 6.16% | 17.18% |
| Adjusted DPS | 0.00% | 0.00% | 12.45% | 0.00% | 0.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.83% | 33.08% | 54.43% | 2.96% | 34.55% | 56.15% | -1.64% | 30.69% | 51.66% |
| NP to Owner | 14.54% | 27.92% | 95.30% | 10.31% | 23.21% | 88.10% | -3.30% | 11.69% | 70.51% |
| Dividend | 6.06% | 39.60% | 117.24% | -27.28% | -4.28% | 48.95% | 10.44% | 31.62% | 104.82% |
| Adjusted EPS | 14.54% | 27.92% | 95.30% | 10.31% | 23.21% | 88.10% | -3.30% | 11.69% | 70.51% |
| Adjusted DPS | 6.06% | 39.60% | 117.24% | -27.28% | -4.28% | 48.95% | 10.44% | 31.62% | 104.82% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
17 people like this. Showing 50 of 3,699 comments
So far due to the dilligent management MFCB, the powerplant in Cambodia makes big revenue and profits
2024-07-21 10:21
@BursaVulture, you are right.
MFCB-Laos hydropower ✅
Pestech-Cambodia Transmisdion line
Jaks, Toyoventure-Vietnam Coal powerplant
2024-07-21 14:11
@Pinky
What is the likely impact of strong RM on MFCB's net profit? 10-20%?
2024-08-22 10:13
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.
2024-08-22 21:29
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.
2024-08-23 07:48
"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 :)
2024-08-23 10:40
@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.
2024-08-23 10:47
@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
2024-08-30 07:37
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
2024-08-30 09:48
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
2024-08-30 09:51
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.
2024-08-30 10:08
@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.
2024-09-04 15:03
@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.
2024-09-04 17:22
@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 😂
2024-09-04 18:05
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?
2024-09-05 10:28
@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...
2024-09-05 18:15
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.
2024-09-06 02:31
It's not the bottom, it's the realisation of profit for the new business dreams
2024-09-13 09:20
Why is management taking so long to announce the new revised agreement on the 5th turbine that had attained COD on 1st July 2024? At the 2Q briefing, management said that the new revised agreement is ready and awaiting the Laos government approval. Is it not approved or getting difficulty in getting approval? In the meantime the share price is getting lower and lower. Hope there will be good news when the 3Q results are announced in November.
2 months ago
They are discussing in Laos parliament.
https://kpl.gov.la/asean2024/En/detail.aspx?id=85645
Will take some time.
1 month ago
U.S. stock futures slide after S&P 500 posts first back-to-back decline since early September
1 month ago
EPF new substantial holder. Nothing much will change. Let's hope they get the new contract signed by this month.
2 weeks ago
new contract signed
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=153571&name=EA_GA_ATTACHMENTS
1 week ago
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I re-enter if 4.60
2024-07-16 17:17