PETALING JAYA: Armed with a healthy balance sheet Mega First Corp Bhd
(MFCB) plans to pare down debts further as it explores more renewable energy projects in South-East Asia as part of its expansion drive.
As it is, it has a low net gearing level of 0.26 times and after taking into account its yearly capital expenditure (capex) and dividend payouts, it has excess cash flow of at least RM200mil from the projected annual operating cash flow of at least RM500mil.
PublicInvest Research after its meeting with MFCB management said MFCB continues to see a clear and focused approach towards all the core segments, namely, renewable energy, resources and packaging.
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