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KLSE: FAVCO       FAVELLE FAVCO BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.66 2.92     +0.26 (9.77%)
* 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
24/11/2017 2.70 2.92 +0.22 (8.15%) BUY MIDF Price Target News
06/10/2017 2.65 2.92 +0.27 (10.19%) BUY MIDF Price Target News
30/06/2017 2.85 2.92 +0.07 (2.46%) HOLD MIDF Price Target News


Price Target Research Article/News (past 6 months)
24/11/2017  MIDF Favelle Favco Berhad - Earnings Improving With Increase In Sales
06/10/2017  MIDF Favelle Favco - Targets Acquisitions From Four Firms
30/06/2017  MIDF Favelle Favco - Niche Cranes Manufacturer



  4 people like this.
 
carilembu up soon
05/06/2017 15:26
Patrick13 http://www.malaysiastock.biz/Company-Announcement.aspx?id=979098
07/06/2017 13:13
member41 Almost $3
07/06/2017 16:57
2721 any good news?
07/06/2017 17:20
2721 who is the big boss sapu at las min
07/06/2017 18:04
10bagger10 Sapu how much?
07/06/2017 18:41
RKLee Last minute 500 lots at RM2.95
07/06/2017 20:00
10bagger10 Any reason why?
07/06/2017 20:08
RKLee I wish to know too.
07/06/2017 20:14
2721 tomorow rm3♡♡
12/06/2017 08:30
Ahboy1 hopefully
12/06/2017 10:59
tokohM I hold it for more than 1 year finally it closely reaches RM3.
13/06/2017 09:19
9182 Count on 15 sen dividend, well run, cash rich and enormous potential. A good bet!
13/06/2017 12:20
AyamGoreng kikikiki.....goreng! dividend mari mari
13/06/2017 16:52
member41 Just hit $3. Gogogo
14/06/2017 10:47
2721 Yes, as expected...big boss keep sapu behind
14/06/2017 20:11
10bagger10 how can know big boss sapu>?
14/06/2017 22:43
RKLee Why it drops so much yesterday? Any news? Chance to accumulate?
16/06/2017 07:01
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


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