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Latest Reports
Date	Description	Country	Analyst	Download

25-Feb-2022	MFCB constantly surprises investor community with numerous strategic acquisitions that benefit its long-term growth. Following a successful precedent in the renewable energy play, we are optimistic on the company’s turnaround plan on its recent acquisition of loss-making oleochemical and expansion in plastic packaging businesses. Trading at undemanding forward FY22 PE of 8.8x, we recommend MFCB a BUY.	Malaysia	Malaysia Research Team
11-Aug-2020	KPower is targeting RM2bn of order book in FY6/21, implying 6.8x order book to market cap ratio. Furthermore, KPower intends to become asset owner by owning power plant in the future, which will provide recurring incomes. With market cap of only RM291m, the potential upside is huge. KPower is trading at FY21F PE of 7.3x. Recommend Buy.	Malaysia	Malaysia Research Team
30-Nov-2018	We like Mega First for its potential incomes from its 260MW Don Sahong Hydropower plant in Laos. Commercial operation is scheduled to take place in 2020 which will boost MFCB’s earnings. Assuming the plant commences on schedule, the stock is currently trading below its FY20F sum of parts valuation of 7.4x P/E. Due to a fall in earnings in FY19, we recommend to Buy on Dip.	Malaysia	Malaysia Research Team