ST Yong's comment on MFCB. All Comments

ST Yong
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Based on latest QR, MFCB continues lifted higher earnings contributions from its 3 business engines, namely renewable energy, resources divisions & packaging division. From QR prospect, MFCB sounds promising business growth from followings:
1. Hydropower Division:- Company expects that Don Sahong will start construction of the 5th unit before the end of 2021, which contributes higher earnings for the Group.
2. Solar Division:- The 6.4 MW projects is progressively be completed & commissioned over the period from October 2021 to March 2022
3. Packaging Division:- The acquisition of a 75% interest in Stenta Films (Malaysia) Sdn Bhd was completed on 28 July 2021. The consolidation of the earnings of Stenta from Aug’21 is expected to significantly lift the Group’s earnings.

其实,我是从ValueFarm (VF) Apps 中寻找到像MFCB如此稳健成长的优质好公司,其ROE每年在增长中。同时也可透过VF Apps 跟进该公司的业绩表现及一些额外的fact findings和公司的未来成长。VF App 也综合冷眼前辈的《终极方案》选股功能,如今VF显示MFCB完全符合创富 (GDP score) + 保富 (PRC score),但请注意其公司PB(1.85)目前处在five years 高位。
个人觉得VF方便使用且非常适合忙碌的打工一族使用。不但如此,VF里头也有功能自动帅选出马股中好多家其他优质的好公司可作参考。大家不妨一起学习价值投资。^_^

http://www.grandpine.com/valuefarm/ref/129/
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Jet Cheng
Mfcb的短片有了记得通知一下
1 Like · 3 years · translate
ST Yong
已经有了MFCB video update 在VF Apps.
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ch huei
Share share
Like · 3 years · translate
ST Yong
Hello, CH:
Can’t share the video update at VF Apps. You may check out…
http://www.grandpine.com/valuefarm/ref/129/
Like · 3 years · translate
cheng
Thanks for the sharing, ST Yong. Will keep an eye on its next QR to check out the contribution from Stenta and its impact to the balance sheet. Seems like the SPA completed back in end of Jul'21 is for 75% equity in Stenta valued at RM153.7M.
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Wang Jehonathan
I'm not sure how you come to conclusion that consolidation of Stenta's profit will SIGNIFICANTLY lift up their earnings. It was mentioned before that this acquisition will increase EPS by 2.96 cents. And they already mention that resource division profit margin might be under pressured due to heightened freight cost. And 5th turbine profit will only realize after ard 3 years from the start of the project.
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cheng
Adding to Wang Jehonathan sharing - Emery Oleochemicals acquisition which will be completed by early of next year may put additional stress as Emery group was in net loss for the last 3 fiscal years it seems. The aspiration is to turnaround the loss with the expertise on board in Edenor. The real impact from Emery acquisition will only be known once the acquisition is completed and incorporated into its balance sheet
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1 Like · 3 years · translate
Wang Jehonathan
yup yup, the target is to turnaround within 12 months.
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