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882 comment(s). Last comment by yfchong at Dec 1, 2019 2:41 PM
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hng33
16282 posts

Posted by hng33 > May 21, 2015 10:35 AM | Report Abuse

Favco have all orderbook more than 1 bilion, it ensure enarning visibility over the next 1 year at least. Favco is niche in global crane market, its product is needed for any infra contruction work and for shipping crane for oil and gas industry. Despite slow down in oil and gas industry, but capex can only reduce but cannot stop oil production.


0192
9 posts

Posted by 0192 > May 21, 2015 10:47 AM | Report Abuse

so,mind to share what's short term TP?


hng33
16282 posts

Posted by hng33 > May 21, 2015 11:21 AM | Report Abuse

If favco upcoming result is good, record more than 10 sen eps, and declare 12 sen dividend soon, then it should trade above RM 3


SpaceNeedle
61 posts

Posted by SpaceNeedle > May 21, 2015 1:45 PM | Report Abuse

No order since Oct '14 until Feb '15, the RM85m is only for Mar '15 till today, so it is 8 months long.


hng33
16282 posts

Posted by hng33 > May 21, 2015 5:09 PM | Report Abuse

Order for shipping crane is correlate closely with oil and gas capes ability, last year end and beginning of these year is when Brent crude oil tumble to below USD 50, almost near to their cost production, most oil and gas company in limbo, freeze capes condition, but since then, Brent crude oil alrdy rebounded to above USD 65, and many of these oil and gas company will resume their caped despite at lower budget in order to keep on oil production.


SpaceNeedle
61 posts

Posted by SpaceNeedle > May 21, 2015 5:46 PM | Report Abuse

Per you mentioned it has orderbook of > 1b, when this was announced and where can we refer to?


hng33
16282 posts

Posted by hng33 > May 21, 2015 7:00 PM | Report Abuse

Please refer to Favco previous Q4 financial result, get impress for its strong balance sheet, in net cash position and under its comment future, management indicate clearly that it's have outstanding order book of more than RM 1 billion and expect to gradually recognize it into profit onwards.


SpaceNeedle
61 posts

Posted by SpaceNeedle > May 22, 2015 1:48 PM | Report Abuse

Thanks for your info, wish it continues to be awarded more contracts going forward.


yktay1
460 posts

Posted by yktay1 > May 25, 2015 7:46 PM | Report Abuse

excellent set of 1Q results


davors
726 posts

Posted by davors > May 25, 2015 8:30 PM | Report Abuse

improved profit margin is good news as always~


2721
877 posts

Posted by 2721 > May 25, 2015 8:38 PM | Report Abuse

wohoo~


hng33
16282 posts

Posted by hng33 > May 25, 2015 8:51 PM | Report Abuse

Despite slow in receing new order, favco outstanding still remain very high at RM 968m as today date 25 May.


hng33
16282 posts

Posted by hng33 > May 25, 2015 9:32 PM | Report Abuse

Annualized eps 42sen, pe 6.6x, if net off its net cash positon over its current share prce, valuation even more attractive at pe of just 4.8x.


hng33
16282 posts

Posted by hng33 > May 25, 2015 9:33 PM | Report Abuse

Investor can expect 12 sen net dividend soon, should be declared early next month, translate into attractive 4.3% yield


hng33
16282 posts

Posted by hng33 > May 26, 2015 10:31 AM | Report Abuse

Bought more favco at 2.82 - 2.86


stanteo71
10 posts

Posted by stanteo71 > May 26, 2015 7:36 PM | Report Abuse

Excellent result for 1Q. Bought some at 2.81 today.


Superb99
4133 posts

Posted by Superb99 > May 28, 2015 11:58 AM | Report Abuse

hng33, you are here, ya it is a good stock


hng33
16282 posts

Posted by hng33 > May 28, 2015 7:38 PM | Report Abuse

Favco just declare 12sen dividend


2721
877 posts

Posted by 2721 > May 28, 2015 8:09 PM | Report Abuse

but ex date is far away compare to previous years ==


Superb99
4133 posts

Posted by Superb99 > May 29, 2015 10:07 AM | Report Abuse

market sentiment is poor so unable to push it up even with good news...


0192
9 posts

Posted by 0192 > May 29, 2015 10:39 AM | Report Abuse

throw loh. Index free fall to 1600 soon or might less


SpaceNeedle
61 posts

Posted by SpaceNeedle > May 29, 2015 10:10 PM | Report Abuse

Good news is for financial result that passed, worrisome business prospect ahead as most of the o&g companies reduce capex.


gungho92
354 posts

Posted by gungho92 > Jun 3, 2015 12:19 AM | Report Abuse

my experience is that companies that give out ESOS will have big fluctuation/speculation in share price. although Favco is a good earning company, but i dislike companies that reward their employees with ESOS. imagine if an employee can buy off market at 0.80 and sell it in open market to make a quick buck, not only i causes dilution, they can sell down at any price as long they are making gains. u can see greedy companies that reward themselves with ESOS all the time.

Exercise price of ESOS: 0.80 , 1.57, 2.50, 3.05.
Expiry date: 27/9/2016


Superb99
4133 posts

Posted by Superb99 > Jun 3, 2015 9:54 AM | Report Abuse

dropping...no uptrend sign


hng33
16282 posts

Posted by hng33 > Jun 3, 2015 10:32 AM | Report Abuse

Bought more Favco at 2.75


Superb99
4133 posts

Posted by Superb99 > Jun 4, 2015 2:41 PM | Report Abuse

slow...


contemplator
104 posts

Posted by contemplator > Jun 4, 2015 4:34 PM | Report Abuse

Gungho92, i agree with you. Voracious ESOS is devil in nature, although i must say this company have some good competitive features.

Honest-to-god act is to grow and share together with shareholders (partners) but not undermining their wallet.


promaxsam
172 posts

Posted by promaxsam > Jun 6, 2015 7:08 PM | Report Abuse

keep more for 12cents dividen ex. date 1/9 , eps 45cents , pe only 6 , undervalue...


Superb99
4133 posts

Posted by Superb99 > Jun 10, 2015 11:57 AM | Report Abuse

still lower than 2.8, so difficult for good company to grow its price???


hng33
16282 posts

Posted by hng33 > Jun 15, 2015 12:33 PM | Report Abuse

I have gradually sold down Favco since last week and today, realize small profit, free up more capital to transfer back to Puncak


Superb99
4133 posts

Posted by Superb99 > Jun 23, 2015 10:12 AM | Report Abuse

zzz...


regnig
259 posts

Posted by regnig > Jul 21, 2015 3:19 PM | Report Abuse

Agreed. This is a good fundamental stock but just zzz....


blackdove
333 posts

Posted by blackdove > Sep 16, 2015 12:36 AM | Report Abuse

Gambate!!!! Gambate!!!!


DreamGladiator
416 posts

Posted by DreamGladiator > Sep 16, 2015 12:46 AM | Report Abuse

Can play ah, this one


blackdove
333 posts

Posted by blackdove > Sep 18, 2015 10:50 AM | Report Abuse

Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!


blackdove
333 posts

Posted by blackdove > Sep 21, 2015 9:45 AM | Report Abuse

Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!


paperplane2
3279 posts

Posted by paperplane2 > Sep 25, 2015 1:44 AM | Report Abuse

Mind share your view here OTB?


paperplane2
3279 posts

Posted by paperplane2 > Sep 25, 2015 8:18 AM | Report Abuse

the result is good, FA also good. Just sentiment not good. For me I think it can be hold. When sentiment turnaround, it will be good.


OTB
6854 posts

Posted by OTB > Sep 25, 2015 8:22 AM | Report Abuse

Favco is a down trending stock, please avoid.
How good the FA will not work if TA is not good. Hence I believe TA should come first, then FA. It is my trading strategy. Result speaks louder than philosophy or theory. Please be practical than follow blindly to the book.

Favco is in wrong sector, good FA will not work if you choose the sector wrongly. Presently oil and gas is a wrong sector to look at.

I expect good result in very short term, it is my trading strategy.
Thank you.


blackdove
333 posts

Posted by blackdove > Sep 25, 2015 11:10 AM | Report Abuse

MY personal opinion, may be wrong :
Muhibah got big order from Rapid, Muhibah is one of the counter not affected by current situation,
Favco 80% income from O&G, Facvo is child company of Muhibah, thus Muhibah will use Favco Crane.
Thus Favco O&G downfall can be covered(but don't know how many %) by Muhibah's rapid job.
Any way, I not sure if Muhibah Rapid job need crane or not ??? :)


blackdove
333 posts

Posted by blackdove > Oct 9, 2015 10:08 AM | Report Abuse

Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!Gambate!!!! Gambate!!!!


harvestent
90 posts

Posted by harvestent > Oct 10, 2015 12:01 PM | Report Abuse

engine started, all fasten sit belt !


GODinvest
379 posts

Posted by GODinvest > Oct 12, 2015 1:11 PM | Report Abuse

Muhibah Muhibah !!!


2721
877 posts

Posted by 2721 > Nov 24, 2015 8:12 PM | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4929109


2721
877 posts

Posted by 2721 > Nov 24, 2015 8:13 PM | Report Abuse

nice quarter result =)


talkcockbotakchek888
19 posts

Posted by talkcockbotakchek888 > Nov 24, 2015 8:30 PM | Report Abuse

For the current quarter ended 30 September 2015, the Group recorded revenue of RM571.6 million with profit before tax of RM97.0 million as compared with revenue of RM585.2 million with profit before tax of RM83.8 million in the preceding quarter ended 30 September 2014. The increase in profit before tax for the Group was mainly due to

(1) write back of provision for receivables after recovery of debts amounting to RM12m and
(2) revalued foreign exchange gain on US Dollar currency deposits amounting to RM25m.


2721
877 posts

Posted by 2721 > Nov 24, 2015 9:04 PM | Report Abuse

how u get the info? self study?


master_tan
690 posts

Posted by master_tan > Nov 25, 2015 3:51 PM | Report Abuse

I think the most important thing is this company earn USD. Hidden GEM that earn USD.

foreign exchange gain on US Dollar currency deposits amounting to RM25m.


master_tan
690 posts

Posted by master_tan > Nov 25, 2015 3:51 PM | Report Abuse

As long as RM stay above RM4.xx, then this company stock price should go above RM3.00


master_tan
690 posts

Posted by master_tan > Nov 25, 2015 3:53 PM | Report Abuse

If we compare Canone EPS vs Favco, they are almost the same, but Canone has ride aboe RM4.xx already from RM2.xx......

I think Favco engine has ignited and today is just beginning.......

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