3069.KL
Strong BuyUnloved QualityAI neutralMega First Corporation Berhad · Utilities · Malaysia · $679M
MYR 2.85 -5.0% · close 6 Oct · scored 7 Oct
StockRank down 1.0 since 6 Oct.
Unloved Quality: Strong and cheap; the market has not turned yet.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Mega First's main asset is the Don Sahong hydropower plant in Laos, which sells power under a long-term agreement with the Laotian state utility. It also has packaging, plantation and solar businesses in Malaysia. The filings are supportive: insiders bought about 0.73% of shares over 90 days, and the company is running a buyback. The hydropower cash flow is steady but capped by the tariff, and forward earnings estimates slipped 1.4%. Payments from a financially stretched Laotian utility remain the key question.
ABOUT MEGA FIRST CORPORATION BERHAD
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Mega First Corporation Berhad is a diversified Malaysian conglomerate primarily engaged in power generation, particularly hydropower, alongside construction materials and packaging. Its competitive strength lies in significant hydropower assets, which provide stable, long-term revenue streams, complemented by integrated operations in construction materials. This diversification strategy mitigates risks and positions it as a key player in Malaysian infrastructure and utilities.
FINANCIAL SUMMARY (MYR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.3B | 1.7B | 1.4B | 2.0% | 1.4B | 1.3B | 1.4B | -1.3% |
| EPS (MYR) | 0.42 | 0.41 | 0.49 | 0.41 | -0.7% | 0.38 | 0.36 | 0.41 | 0.3% |
| Shares | 945.3M | 942.8M | 942.5M | 942.2M | -0.3% | 941.7M | — | — | — |
| Debt | 732.7M | 917.3M | 1.2B | 1.0B | 12.4% | 780.6M | — | — | — |
| Equity | 2.8B | 3.1B | 3.3B | 3.3B | 6.8% | — | — | — | — |
| Op CF | 592.4M | 581.2M | 479.4M | 753.5M | 8.3% | 620.6M | — | — | — |
| Inv CF | -184.1M | -658.0M | -771.6M | -276.4M | — | — | — | — | — |
| Fin CF | -192.6M | 38.6M | 63.4M | -244.9M | — | — | — | — | — |
Calmer than 82% of stocks we rank over the past year (25% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of 3069.KL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 3069.KL | Mega First Corporation Berhad(you) | $679M | 93 | Strong Buy |
| 5347.KL | Tenaga Nasional Berhad | $18.7B | 65 | Buy |
| 5272.KL | Ranhill Utilities Berhad | $1.0B | 90 | Strong Buy |
| 5041.KL | PBA Holdings Bhd | $176M | 99 | Strong Buy |
| 0318.KL | Elridge Energy Holdings Berhad | $444M | 65 | Buy |
| 6874.KL | JAG Capital Berhad | $118M | 89 | Strong Buy |
| 5209.KL | Gas Malaysia Berhad | $1.6B | 67 | Buy |
| 5614.KL | Nuenergy Holdings Berhad | $52M | 99 | Strong Buy |
| 5264.KL | Malakoff Corporation Berhad | $965M | 42 | Hold |
| 5184.KL | Cypark Resources Berhad | $167M | 51 | Hold |
Peer medians: ROE 8.7% · P/E 18.7x · Gross margin 21.7%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.