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KLSE: FAVCO       FAVELLE FAVCO BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.52 2.92     +0.40 (15.87%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
28/05/2018 2.40 2.92 +0.52 (21.67%) BUY MIDF Price Target News
28/02/2018 2.55 2.92 +0.37 (14.51%) BUY MIDF Price Target News


Price Target Research Article/News (past 6 months)
28/05/2018  MIDF Favelle Favco - Earnings Within Estimates
28/02/2018  MIDF Favelle Favco - Earnings Buoyed By Firm Orderbook



  4 people like this.
 
Johnmajor Profit taking. This counter is a gem.
19/06/2017 10:25
RKLee Any news from AGM today?
22/06/2017 20:22
10bagger10 Anyone
22/06/2017 22:26
Clement Yew OnG sector remains challenging for this year. Crane projects might be deferred.
To offset this decline, favco plans to :
- increase rental fleet (construction sector mostly)
- increase operation n maintenance revenue
- build smaller cranes
- wind turbines

Operations in china remain challenging. Pricing wise, couldn't compete with the Chinese companies. Thus, favco plans to use china plant to build cranes and supply to Europe market. Use China as production instead of selling to china domestic market.

Current order book approx 640mil. Able to last for 9momths.
Breakdown - 60/40 OnG/others. (They diversified from relying 80-90% on OnG previously).

Generally quite pleased with their answers.
22/06/2017 23:07
LCKS Management has proven to be resilient. That's what I was hoping to hear - that they diversify away from O&G.
23/06/2017 18:04
Flintstones hear say fong siling is in this counter. anyone can verify?
24/06/2017 10:07
RainT From where you hear ??? Fong siling in this counter
25/06/2017 12:25
mikeshare why drop so much, I got a feeling that the price is depressing down on purpose. Because of the launching of the ESOS, in which the exercise price will be determined based on the average 5 days of the preceeding market price before the date. Pls correct me if i were wrong. I just glanced through the Bursa announcement.
03/07/2017 21:47
RainT Favco have what growth or expansion story ??? Anybody know ???
23/07/2017 15:48
9182 No story needed Rain - buy on dividend.
26/07/2017 11:34
RainT If buy on dividend ......go for Liihen ....better dividend than Favco
30/07/2017 14:03
RKLee Dividend expiring soon....
18/08/2017 12:59
nikicheong So what's the deal here, net cash position at half the market cap. What am I missing?
04/09/2017 21:12
nikicheong Net cash per share is at RM1.61/share. Seems rather high. Would appreciate it if someone could point out if I am missing something.
04/09/2017 21:15
noobnnew Posted by nikicheong > Sep 4, 2017 09:15 PM | Report Abuse

Net cash per share is at RM1.61/share. Seems rather high. Would appreciate it if someone could point out if I am missing something.

Given the uncertainty of oil and gas sector. It is wise for management to save cash for rainy day. The company still doing well. Look at their cash flow statement and also order book. Everything is fine. It is just bad year for oil and gas. Unless you have the patient to wait for a) OnG recovery or b)discovery of new business. This stock is not really for FIFO.
05/09/2017 15:51
nikicheong Fair enough, looking at the long term. The potential future yield does not look attractive just yet. Maybe if it retreats to RM2.25 levels I will consider it more strongly. For now, it goes on my watchlist. I've done my preliminary research. Read the MIDF initiation report to get up to speed on the business's fundamentals. Favco seems to have a very strong moat and track record with offshore/tower cranes.
05/09/2017 16:56
Patrick13 Favco is very cyclical stock. If it really drop to RM2.25 level, then is very attractive to buy!
07/09/2017 14:34
godhand good management, bad industry
21/09/2017 10:59
Artemis https://klse.i3investor.com/blogs/kianweiaritcles/133059.jsp interesting
21/09/2017 14:59
Patrick13 Bought at RM2.62.
05/10/2017 16:36
2721 wow...good news, take over new company
05/10/2017 19:10
Patrick13 http://www.malaysiastock.biz/Company-Announcement.aspx?id=1004645
05/10/2017 20:32
Patrick13 Wasai.. So luck I bought it today. not too late to welcome this good news :)
05/10/2017 20:33
2721 thx for pushing up..lol
07/10/2017 18:46
2721 thx for pushing up again ^___^
09/10/2017 17:00
2721 up 8cts for consecutive 2 days..huat ar
09/10/2017 17:04
signor order book all time low, no good.
10/10/2017 07:47
2721 will up another 8cts today? hehe
11/10/2017 14:34
2721 thx for the 5cts up!
12/10/2017 18:34
tealeaf collect in low...wait for O&G recovery....... duno how long the wait....at least favco not those alibaba co
29/10/2017 10:57
2721 oil $60++ up!!
30/10/2017 18:33
Patrick13 Decent result. Nothing can comment much. Pls keep it up!
23/11/2017 23:30
milo8888 http://www.constructionweekonline.com/article-47091-site-visit-icd-brookfield-place-downtown-dubai/1/
14/12/2017 04:45
Shichimi Togarashi Wow drop to 2.51
20/12/2017 09:23
Johnmajor Good for those who wants to accumulate more. Opportunity for those who haven't bought.
20/12/2017 11:24
Patrick13 Window dressing?
29/12/2017 16:52
Davidl Time to accumulate!
03/01/2018 13:43
Patrick13 Proposed acquisition of companies extended for another 2 months.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

We refer to the announcement dated 5 October 2017 in relation to the above.

The Board of Directors of the Company wishes to announce that the Parties to the HOA had on 4 January 2018 mutually agreed to extend the HOA for a further period of two (2) months to 4 March 2018 to facilitate the finalisation of the detailed terms and conditions in relation to the Proposed Acquisition.

Other than the aforementioned, all other terms stated in the HOA remain unchanged.

This announcement is dated 4 January 2018.
05/01/2018 08:07
Davidl I wonder how market react to the above news!
05/01/2018 09:17
Davidl Time to accumulate!
08/01/2018 17:12
zero Going into MRO, probably with an eye on SERBADK's recent success?
23/01/2018 01:58
Patrick13 With the upcoming possible good QR, at least 15 sen final dividend proposed and acquisition of companies completed by 4 March, Favco share prices could climb further higher.
22/02/2018 10:34
HEIM2016 devinden $135
27/02/2018 21:23
2721 y delay again @@
02/03/2018 18:19
Fabien Extraordinaire Bought some Favco. Lock in 5.6% yield.

Times like this require strategy to buy cash rich companies.
26/04/2018 16:52
jeannie still can buy ??
18/05/2018 13:38
able horrible quarter result
25/05/2018 20:01
tyj1299 Crane business probably is in the bottom of the cycle, since 2013. Even though the quarter result isn't well, as long as the company is well managed, efficient in allocating its resources and low gearing, it can withstand hardship and have the endurance to thrive the sector recovers.

As you can see, Singapore's Tat Hong (crane leasing business) is having privatization, the insiders understand the business better than we do. I don't know when would be sector be recover nor optimistic on this, but this would be a good signal to be contrarian.
30/05/2018 10:49
Deskent Wake up up ....
14/06/2018 11:53
huat stock what's up?
14/06/2018 11:57


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