Strong results for Mega First from high availability factor for plant

Besides the freight rate hike, the tight paper and resin material supplies due to the slow delivery further increased material costs, of which management has been trying to pass on to customers.

PETALING JAYA: Mega First Corp Bhd is expected to post a strong set of results for its financial year ended Dec 31,2020 (FY20) on the back of higher availability factor, despite some margin pressure coming from the resources and packaging segments due to freight-related issues, said PublicInvest Research.

The availability factor for the company’s Don Sahong hydropower station in Laos in the fourth quarter of FY20 is expected to be higher than the third quarter of FY20’s 92.2%, given the higher water level during the wet period.