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- Berkshire Hathaway of Malaysia - Mega First Corporation Berhad
Berkshire Hathaway of Malaysia - Mega First Corporation Berhad
DoitDuit | Your Investing Friend
September 19, 2021
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.
Mega First Corporation Berhad (MFCB)
MFCB is a conglomerate that is involved in different business in totally different industry. The company was originally in the manufacturing of limestone business, but it wasn't until the current board, Goh Nan Kioh and Goh Nan Yang took over the company that it started its compounding engine. Since then, the company ventured into the following pillars of business:
1. POWER: Hydropower plant in Don Sahong, Laos & solar energy solutions in Malaysia
2. RESOURCES: Manufacturing of limestone in Malaysia
3. PROPERTY: Property development in PJ8, Malaysia
4. PACKAGING: Plastic and paper packaging in Malaysia
5. AGRICULTURE: Plantation of coconut & macadamia nuts in Cambodia
6. OLEOCHEMICAL: Production of vegetable oils and fats in Malaysia
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