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KLSE: FAVCO       FAVELLE FAVCO BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.76 2.92     +0.16 (5.80%)
* 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
27/02/2019 2.70 2.89 +0.19 (7.04%) BUY MIDF Price Target News
21/02/2019 2.56 2.93 +0.37 (14.45%) BUY MIDF Price Target News
28/11/2018 2.33 2.92 +0.59 (25.32%) BUY MIDF Price Target News
30/10/2018 2.26 2.93 +0.67 (29.65%) BUY MIDF Price Target News


Price Target Research Article/News (past 6 months)
27/02/2019  MIDF Favelle Favco - Higher Contribution From IA Cushioned Earnings
21/02/2019  MIDF Favelle Favco Berhad - First Slew of Orders Secured for the Year
28/11/2018  MIDF Favelle Favco - Earnings Boosted by Intelligent Automation
30/10/2018  MIDF Favelle Favco Berhad - First Slew of Orders Secured for the Year



  4 people like this.
 
able horrible quarter result
25/05/2018 8:01 PM
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 AM
Livermore what's up?
14/06/2018 11:57 AM
2721 finally the deal is done ^^
03/07/2018 5:50 PM
George NG waiting about half year for this acquisition
03/07/2018 9:02 PM
allenroy good divident....
19/07/2018 10:46 AM
Thomas Chua Here's what you need to know about Favelle Favco..
http://www.stocksinsights.com/key-insights-favco/
05/08/2018 12:04 AM
Patrick13 Sold at 2.67 to free up capital.
24/08/2018 3:08 PM
Vincent_8316 QR no good?
No buying power?
28/08/2018 2:57 PM
2721 weird result, no new order, kena dump
29/08/2018 11:14 AM
Livermore chance to buy bck :)
29/08/2018 12:11 PM
Patrick13 Bought back again at 2.58
03/09/2018 4:44 PM
shgyap5675 Dividend 13.5 cents
06/09/2018 4:44 PM
Cockroach Paul Lee why drop so much?
sunset industry?
bought 2.49 (close 2.42) kanasai...hahaha
06/09/2018 5:24 PM
shpg22 Just don't understand how it can go up when both revenue and PATMI is in free fall. Expect dividend to drop to 8.00 cents for FY18 as FCF turned negative.
06/09/2018 5:46 PM
Cockroach Paul Lee copy
INVESTMENT HIGHLIGHTS
Favelle Favco’s 2QFY18 reported earnings declined - 43.5%yoy to RM7.3m
Normalised earnings excluding exceptional items within estimates at RM20.5m
Current orderbook at RM427m as at 23 August 2018
Bulk of the orderbook from various product segments
Maintain BUY with a revised target price of RM2.93
_____________________________________________

TP 2.93 ?
ok la...... dont worry ,be happy.
haha
07/09/2018 12:54 AM
Patrick13 Are you seriously read though Favco QRs?

Though revenue drop due to lower order books on hand, but bottom line still perform well.
1H18 PBT is seriously affected by forex loss and impairment loss. 1H18 PBT: 19,180 add back forex loss (8,718) and impairment loss (4,499) = 32,396
1H17 PBT: 37,823 minus forex gain (6,128) = 31,695

FCF turns negative is bcoz heavy CAPEX of 35mil in the 1H18 versus 7mil in 1H17. Once Favco completed the acquisition of new subsi, FCF this year sure negative but it won't affect their dividend payout bcoz this is the main source of income to their parent holder, Muhibbah Engineering.

shpg22 Just don't understand how it can go up when both revenue and PATMI is in free fall. Expect dividend to drop to 8.00 cents for FY18 as FCF turned negative.
06/09/2018 17:46
07/09/2018 8:04 AM
Cockroach Paul Lee @patrick13
favco buy what company?
FCF turns negative is bcoz heavy CAPEX of 35mil ( what kind of job favco planning to do?)
i'm new here , wanna know more...thanks
07/09/2018 9:56 AM
Ben Son Sow favco acquired 4 company(Exact Automation Sdn Bhd, Sedia Teguh Sdn Bhd, Exact Analytical Sdn Bhd and Exact Oil & Gas Sdn Bhd),with profit estimation of 20mil/per year...they have 70% stake of those company which mean at least 14mil profit per year.The acquisition just completed end of june 2018 and announced in early july 2018...so next quarter report should have contribution from this newly acquire business. U may google it to find the relevant news.
07/09/2018 6:51 PM
Johnmajor buy on price weakness. don't miss the opportunity to collect.
07/09/2018 10:35 PM
Cockroach Paul Lee Favco 2.25 hit new low!
Oil n gas sector recovering...
acquired new companies...
all in la !
08/09/2018 12:51 AM
Lim Tek Wai Looks good to buy,profit incoming.....
19/09/2018 2:04 PM
Lim Tek Wai Nice ! Start taking profit, thanks.
19/09/2018 2:05 PM
Livermore it show " low " due to ex dividend adjustment
19/09/2018 2:14 PM
Patrick13 Dividend received today. Thks Favco!
24/09/2018 7:03 PM
Cockroach Paul Lee Dividend received today. Thks Favco! x2
26/09/2018 5:31 PM
Patrick13 http://malaysiastock.biz/Company-Announcement.aspx?id=1096200
30/10/2018 5:24 PM
shpg22 FCF turns negative is bcoz heavy CAPEX of 35mil in the 1H18 versus 7mil in 1H17. Once Favco completed the acquisition of new subsi, FCF this year sure negative but it won't affect their dividend payout bcoz this is the main source of income to their parent holder, Muhibbah Engineering.

Even without capex, its operating cash flow alone already turned negative. This will affect the dividend payout. I expect it to be reduced from FY17 13.50 to 8.00 in FY18.
31/10/2018 1:24 AM
Johnmajor Good time to buy!
19/11/2018 10:12 AM
Ben Son Sow Good result...finally
28/11/2018 8:09 AM
Tchaileng83 Yeah~~good result
28/11/2018 10:23 AM
Vincent_8316 but share price no move!!!
04/12/2018 3:49 PM
James Ng https://klse.i3investor.com/blogs/general/191566.jsp
[转贴] [FAVELLE FAVCO BHD:获得约5.15亿令吉的订单,辉高亦将增加塔式起重机租赁车队,以提高全球租金收入] - James的股票投资James Share Investing
27/01/2019 8:37 PM
smallplayernia can buy?
08/02/2019 6:55 PM
Vincent_8316 sailang
11/02/2019 2:18 PM
LouiseS subsidiary of muhibbah engineering
'-Last 5 years EPS on decreasing trend, decreased by 64.6% over last 5 years, PE ratio is at 10, ROE 8%, and dividend yield 5.47%

https://louisesinvesting.blogspot.com/2019/02/preliminary-screening-of-counters-with.html
16/02/2019 4:50 PM
Patrick13 Favelle Favco units secure six crane supply jobs worth RM61.1 mil

KUALA LUMPUR (Feb 20): Favelle Favco Bhd’s units have secured six contracts to supply tower cranes and offshore cranes to various clients for a cumulative sum of RM61.1 million.

Its units Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes (USA), Inc and Favelle Favco Cranes (M) Sdn Bhd received the purchase orders or letter of intent for the contracts between November 2018 and today.

There are four contracts for the supply of tower cranes. One is expected to be delivered by the first quarter of 2019, while two are to be delivered by the second quarter; the fourth is scheduled for third quarter delivery.

There are two contracts for the supply of offshore cranes, and both are expected to be delivered by end-2019.

The contracts are expected to contribute positively to the earnings and net assets of the company for the financial year ending Dec, 31 2019 and beyond, it said.

Favelle Favco closed five sen or 2% higher at RM2.55, for a market value of RM564.11 million.

http://www.theedgemarkets.com/article/favelle-favco-units-secure-six-crane-supply-jobs-worth-rm611-mil
20/02/2019 11:31 PM
lilu Is the 61.1 million profit or just the cost of the contract before expenses and all?
21/02/2019 9:45 AM
Woodie_72 favco can enter now?
21/02/2019 9:53 AM
Fabien Extraordinaire Favco is a top notch company. my average cost is 2.265.
21/02/2019 10:07 AM
Patrick13 You must be held for few years.
my average cost is 2.58.

Fabien Extraordinaire Favco is a top notch company. my average cost is 2.265.
21/02/2019 10:07
21/02/2019 2:53 PM
Tan Issac very good Q result and dividend ,tomorrow 3.00
26/02/2019 6:44 PM
Simple man Good report, limit up tomorrow. TP 2.8-2.90. Cut loss below 2.5


http://www.theedgemarkets.com/article/favelle-favco-may-climb-higher-says-rhb-retail-research
26/02/2019 6:45 PM
10bagger10 Good
26/02/2019 7:08 PM
Fabien Extraordinaire "For the six months ended 31 December 2018, Intelligent Automation Group contributed revenue of RM73.0 million
and profit before tax of RM21.2 million to the Group's results."

This acquisition is the game changer for Favco.
27/02/2019 9:23 AM
abang_misai High dividend can be maintained

Posted by Fabien Extraordinaire > Feb 27, 2019 09:23 AM | Report Abuse

"For the six months ended 31 December 2018, Intelligent Automation Group contributed revenue of RM73.0 million
and profit before tax of RM21.2 million to the Group's results."

This acquisition is the game changer for Favco.
27/02/2019 9:27 AM
bsngpg recovery of o&g industry which requires product of Favco will safeguard growth trajetory of Favco. I will add more but will control not to increase my average holding cost too much.
27/02/2019 9:39 AM
tokohM now announce dividend but only paid six month later , kns
27/02/2019 2:56 PM
Ben Son Sow this is favco traditional, agm may/june, approve then pay in september.nothing suprise a.....
27/02/2019 7:32 PM
Simple man too slow
11/03/2019 10:49 AM


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