Highlights

Daily Updates From Stockpick2u

Author: Stockpick2U Dr   |   Latest post: Mon, 5 Oct 2020, 9:46 AM

 

Favelle Favco bags three contracts worth RM56.1 million!

Author:   |    Publish date:


By Stella Goh

 

According to the construction cranes manufacture Favelle Favco Berhad, it has secured three contracts with a total worth RM56.1 million in purchase orders for its cranes since 27 August 2020. The contracts were secured through its subsidiaries known as Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes (USA) Inc and Favelle Favco Cranes Pty Ltd.

The company said its subsidiary Favelle Favco Cranes (M) Sdn Bhd will be supplying an offshore crane to ExxonMobile Exploration and Production Malaysia Inc. It is expected to be delivered in the first quarter of 2021 (1Q2021). The other two subsidiaries, Favelle Favco Cranes (USA) Inc and Favelle Favco Pty Ltd, have won contracts to supply tower cranes to TES Inc and Noronha Holdings Pts Ltd (trading as Rhemza Cranes Pty Ltd) respectively. The tower cranes are to be delivered by 2Q2021 and 4Q2020 respectively.

According to the group, the above contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending 31 December 2020 and beyond. The contract does not have any impact on the share capital and shareholding structure of Favelle Favco.

 

Join us now in stockpick2u and we will share our views on the company and details of shareholders’ meeting.

-------------------------------------------------------------

Stockpick2u
https://www.stockpick2u.com/plans-pricing

 

Please contact us
012-6644 828


WhatsApp link:
https://bit.ly/33pEKcS

Website: www.stockpick2u.com

Facebook: https://www.facebook.com/stockpick2u/?ref=bookmarks

Services: General Meeting Information, Company Fundamentals Sharing

 

Disclaimer:

The above data are purely based on personal views. The content above does not contain any trading advice, and only can be used as learning and information purposes. Please analyze by yourself, understand the risks, and discuss the nature of investment with professional financial advisors.

Stockpick2u is not responsible for any accuracy, completeness, correctness, validity of any shared content and opinion. All misunderstandings, errors, omissions, delays in information are not responsible for any loss incurred.

Share this
Labels: FAVCO

Related Stocks

Chart Stock Name Last Change Volume 
FAVCO 2.34 +0.02 (0.86%) 18,000 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

301  399  603  1144 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 IRIS 0.295-0.01 
 DGSB 0.195+0.01 
 MLAB 0.0250.00 
 KGROUP-OR 0.005-0.005 
 ESCERAM 0.76+0.03 
 DSONIC-WA 0.255-0.005 
 SENDAI-WA 0.10+0.095 
 QES 0.31+0.01 
 HIAPTEK 0.21+0.01 
 YONGTAI 0.135-0.005 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS