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.