Monday 14 November 2022

Investment Thesis on Meta: Doom or Gloom?

The other day, I expressed my view on Meta on Instagram and invested 8% of my portfolio in the company. MJ from FIRL told me that he also shared his thought on Meta in his Youtube channel. Great video, you should watch it too and see how mine and his view coincide and diverge.

Anyways, I will try to lay down my thesis for Meta.

I still think that the 73% drop from peak to bottom (has since recovered a bit but still 67% YTD drop) is too much an overreaction.

Basically, Meta is facing 3 short term problems and 1 long term problem. 

Now, let’s dive deep.

Sunday 29 May 2022

Revisiting Mega First Corporation Berhad (MFCB) Valuation in 2022

Investors always say, 'You only fully understand about the stock after you own it'. Mega First Corporation Berhad (MFCB) is such company that I fully understand after owning it, fortunately it is on a good side. If you notice my previous analysis on MFCB, I have only valued the Don Sahong Hydropower business and avoided the other business because I dont fully understand how to value them yet.

But now, after attending 2022's Annual General Meeting and a few Investor Briefings, I think I have a fair understanding of the different business operations in the group since their management are so transparent in all those meetings. So, I will try to value MFCB as a whole now.

Monday 22 November 2021

Mega First Q3 2021 Corporate Briefing - Revisiting My MFCB Valuation

I attended the Q3 2021 earnings briefing on 19 November 2021. After listening to the management and with them clarified some of my questions, I will need to update some of my DCF valuation assumptions of the company. 

Saturday 23 October 2021

Malaysia's Next Big IPO - Farm Fresh Berhad

2 weeks ago, Farm Fresh IPO prospectus draft was published on Securities Commission's website. This can be a good opportunity for me to value the company unbiasedly because the actual listing price is not yet published. So, let's get started. 

Sunday 19 September 2021

Berkshire Hathaway of Malaysia - Mega First Corporation Berhad

Recently, I have been spending a lot of time analysing the 1,000 companies listed on Bursa Malaysia from A to Z. So far, I have browsed through more than 50 companies and nothing really sparked my interest. While taking a break from reading boring annual reports, I noticed this company that has been sitting in my watchlist for a while, Mega First Corporation Berhad (MFCB).

I first added MFCB to my watchlist when I saw this company in The Edge Tong's Portfolio. Because most companies that The Edge Tong's Portfolio invested in are above average, so I knew that MFCB passed the screener and is most probably a good company. Sadly, I didnt drill down into it until now. How much I hope I did this earlier.