Highlights
KLSE: FAVCO (7229)       FAVELLE FAVCO BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.11   -0.04 (1.86%)  2.09 - 2.15  112,700
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Overview

Market Cap: 473 Million
NOSH: 224 Million
Avg Volume (4 weeks):121,168
4 Weeks Range:2.09 - 2.22
4 Weeks Price Volatility (%):
15.38%
52 Weeks Range:1.71 - 2.83
52 Weeks Price Volatility (%):
35.71%
Average Price Target: 3.00
Price Target Upside/Downside: +0.89
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  24-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  26-Feb-2021
T4Q P/E | EY: 9.43  |  10.61%
T4Q DY | Payout %: 7.09%  |  66.80%
T4Q NAPS | P/NAPS: 3.1899  |  0.66
T4Q NP Margin | ROE: 10.27%  |  7.02%

Headlines

Date Subject
25-Nov-2020 Favelle Favco Berhad - Earnings Cushioned by Higher Crane Sales
24-Sep-2020 【行家论股/视频】辉高 订单稳增股息诱人
24-Sep-2020 Favelle Favco - Steady Cranes Orders to Sustain Earnings
24-Sep-2020 Favelle Favco bags three contracts worth RM56.1 million!
24-Sep-2020 PublicInvest Research Headlines - 24 Sep 2020
24-Sep-2020 Mplus Market Pulse - 24 Sep 2020
26-Aug-2020 Favelle Favco Berhad - Earnings Supported by Steady Sales Margin
18-Aug-2020 Favco辉高股值不合理?
18-Jun-2020 【行家论股/视频】辉高 今明年财测下砍
18-Jun-2020 Favelle Favco - Lower Crane Sales Impacted Earnings
20-Apr-2020 [转贴] [FAVELLE FAVCO BHD:订单总额约为5.82亿令吉(其中智能自动化订单为6800万令吉),来自全球石油和天然气,造船厂,建筑,风力涡轮机行业和智能自动化领域] - James的股票投资James Share Investing
27-Feb-2020 Favelle Favco Berhad - Crane Sales and Tower Crane Rentals to Drive Earnings
27-Feb-2020 PublicInvest Research Headlines - 27 Feb 2020

Business Background

Favelle Favco Bhd was incorporated in Malaysia. The Company is an investment holding company. The Company manufactures cranes. Its product line consists of heavy lift Offshore, Tower, Wharf Crawler Cranes and Marine Winches. The Company also has a total lifting solution.
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  4 people like this.
 
stockraider Correct mah

Dividend so high, just buy lah....!!

Posted by hng33 > Aug 14, 2020 6:48 PM | Report Abuse

I just notice current FD rate is just 1.6%. Favco dividend 15sen, yield at 7.3% is just too attractive return for company with net cash position. I expect Favco will announce entitlement date of dividend 15sen as soon it secure AGM approval from shareholder on 10 Sept.
14/08/2020 8:23 PM
cjm5555 Heheheh, what if not approved :P
19/08/2020 6:09 PM
gohku This is a very resilience company, very low risk the dividend will be rejected, furthermore it has high net cash and the owner will also benefit from the high dividend payout.

Should buy to diversify your fixed deposits which have low yield.
20/08/2020 12:36 PM
Johnmajor Favco is worth at least RM2.80. But now with 40% upside plus minimum 5% dividend. Is a gem!
23/08/2020 4:53 PM
XiuyyXiong Maybe got dividend but less. RM0.06. after that favco will activate share buy back to stabilise the price. Good luck guys.
24/08/2020 11:37 AM
tcperng22 Look like the price going down trend...
26/08/2020 3:42 PM
XiuyyXiong If the big seller que the price at higher than 2.10. only the price will go up.
27/08/2020 9:47 AM
XiuyyXiong good news coming ? slowly up. time to reenter this stock.
02/09/2020 3:23 PM
cjm5555 Slowly up, steady
02/09/2020 5:10 PM
hng33 AGM coming, date of dividend 15sen entitlement will be announce soon
08/09/2020 4:36 PM
XiuyyXiong APPROVED rm0.15 dividend ! and activated shares buy back ! better invest here.
10/09/2020 6:27 PM
Jarklp Can't understand why they have to wait till Nov .... #&$^%^$. They paid dividend in July last year.
10/09/2020 8:42 PM
SureHuat the dividend yield is 7 percent.
10/09/2020 9:30 PM
cjm5555 I think dividend in Nov is because stakeholders need time to accumulate tickets, at the same time provide time for share buy back to reduce the cash needed for dividend payout.

As a supportive shareholder, I'll not spread this news widely or push up the price as the share buy back should be done at lowest price to benefit the most. Let all the company actions to be carried out silently. For investing, patience is virtue.

Disclaimer: No buy/sell call
11/09/2020 9:29 AM
cjm5555 Many shareholders like to fight with the company they are investing, declining the company's management actions and decisions. I don't like that happening here.
11/09/2020 9:34 AM
Dakewlest Waiting for the right price to buy...
11/09/2020 9:56 AM
BabyAce This is one of the few reliable dividend counters in Bursa.
11/09/2020 5:24 PM
humongainz for any rich aunties/unkers, this is what u want in ur portfolio
12/09/2020 4:19 PM
BabyAce Rich uncle aunty always think of BAT only lar...haha
12/09/2020 7:02 PM
hng33 sold favco at 2.28-2.30
15/09/2020 3:35 PM
humongainz @hng33 this is dividend stock worr.. You need the funds?
15/09/2020 3:35 PM
XiuyyXiong regret sold some too early. lol. buying back later.
17/09/2020 9:04 AM
tcperng22 Already get 2 x of deviden RM2.38 - RM 2.02... upfront get deviden RM0.36...Today sold all RM2.35 -RM2.38
18/09/2020 1:17 AM
cjm5555 I'll kept this in my fridge, never open again, just collect dividend from it. :P
18/09/2020 3:18 PM
cccthierry https://www.theedgemarkets.com/article/favelle-favco-clinches-purchase-orders-totalling-rm561m
23/09/2020 9:04 PM
cccthierry https://www.thestar.com.my/business/business-news/2020/09/24/favelle-bags-three-contracts
24/09/2020 9:39 AM
cccthierry https://www.theedgemarkets.com/article/steady-crane-orders-sustain-favelle-favco-earnings-%E2%80%94-midf-research
24/09/2020 11:26 AM
BATFLY 7%dividend plus fundamentally strong. But EPS seems deteriorating maybe due to MCO..
25/09/2020 1:58 PM
yapnewbie Hi. Will the share drop immediately once collected the dividend? So have to hold first even after collect dividend?
21/10/2020 11:05 PM
XiuyyXiong The share price will drop and favco will activates shares buy back. So keep some cash to buy in more later.
22/10/2020 8:52 PM
yapnewbie Thank you!
23/10/2020 6:39 PM
lcs13579 What is the right price can buy?
31/10/2020 1:52 AM
invest4tomoro 15 sen dividen coming ... ex date 12 Nov 2020
09/11/2020 5:43 PM
Johnmajor any price below RM2.50 is good price to buy
12/11/2020 12:24 PM
BornToSpeculate Any guidance on current QR ? Apart from the growing orderbook
16/11/2020 8:41 AM
cjm5555 Got my delicious dividend today :P
24/11/2020 5:09 PM
Patrick13 Q3 PBT is better than Q2 actually, but tax expense is extremely high (mainly arising from overseas subsidiaries) hence drag down the net profits. Cranes segment performance dip but total outstanding order books on hand still have RM511mil.
25/11/2020 8:12 AM
yykyy Below RM2.5 is good price to in +1
25/11/2020 9:57 AM
Fundamentalist91 I was hoping for the share to drop even more, but you can tell that no one wants to let go of a solid company like this, hence price hovers around RM2.15 to RM2.20 after the dividend collection, can't go any lower.

Well, long term I got no worries at all, even during this pandemic Favco should be effected but it is not. That's just how strong is it.

No debt.
Pile of cash that can buy any other business anytime.
Strong outstanding order book
Even analysts are putting a TP of RM3.0 for 3 quarters straight.
Dividend yield of 7%
03/12/2020 5:19 PM
Johnmajor Favco is a safe play for those who wants a stable investment. Recommend to accumulate at current pricing. Again, any price below RM2.50 is a good price to collect.
06/12/2020 11:38 AM
stockraider This is a good recovery play considering O&G sectors and crude prices starting to recover loh...!!

Posted by Johnmajor > Dec 6, 2020 11:38 AM | Report Abuse

Favco is a safe play for those who wants a stable investment. Recommend to accumulate at current pricing. Again, any price below RM2.50 is a good price to collect.
06/12/2020 11:42 AM
huat8787 beneficial of high oil price?
07/12/2020 10:35 AM
Fundamentalist91 I'm afraid there is something bad going on in Favco. Muhibbah Engineering (its parent company) seems to be siphoning cash from Favco as it is in heavy debt, if this is true, then it is really bad news.

This is what I quoted from an analyst.

"There is something worth scrutinisation for what going on with its 60% subsidiary, Favelle Favco (FF), which has been self-sufficient for years, even in this year pandemic, and in 2018 it was so cash-rich to acquire a business for 40m. But in 3Q, it suddenly borrowed 28m in loan. Based on FF past years’ cash flow, the last time FF has net borrowing (proceeds) was in 2009. Throughout 10 years, it has been on net repayment, suggesting it didnt borrow more than it repaid in any given year for 10 years until Q3 2020.

Well, FF investors ought to check if any substantial related party purchase from its holding company in the coming annual report. Perhaps some repackaged junk/shell to sell to FF for channelling money into holding company, Muhibbah. FF should expect to face legal proceeding from FF’s minority shareholder if that happens."

Taking into considerations -

1) Parent company Muhibbah siphoning money.
2) The after effect of Pandemic to developments.
3) Dividend payout that is still far away

I suggest we wait for Q4 result to further clarify before purchasing.
08/12/2020 12:22 PM
Gen2 @Fundamentalist91, it might be DKK debt restructure, MYR debts not much different. Are you shareholders ? May email them for clarification.
09/12/2020 7:58 PM
stockraider Please do not talkcock lah...!!

Net cash is about the same mah!!

Where got siphon money leh ??

If muhibbah need cash, just get favco just declare dividend loh!!

Posted by Fundamentalist91 > Dec 8, 2020 12:22 PM | Report Abuse

I'm afraid there is something bad going on in Favco. Muhibbah Engineering (its parent company) seems to be siphoning cash from Favco as it is in heavy debt, if this is true, then it is really bad news.

This is what I quoted from an analyst.

"There is something worth scrutinisation for what going on with its 60% subsidiary, Favelle Favco (FF), which has been self-sufficient for years, even in this year pandemic, and in 2018 it was so cash-rich to acquire a business for 40m. But in 3Q, it suddenly borrowed 28m in loan. Based on FF past years’ cash flow, the last time FF has net borrowing (proceeds) was in 2009. Throughout 10 years, it has been on net repayment, suggesting it didnt borrow more than it repaid in any given year for 10 years until Q3 2020.

Well, FF investors ought to check if any substantial related party purchase from its holding company in the coming annual report. Perhaps some repackaged junk/shell to sell to FF for channelling money into holding company, Muhibbah. FF should expect to face legal proceeding from FF’s minority shareholder if that happens."

Taking into considerations -

1) Parent company Muhibbah siphoning money.
2) The after effect of Pandemic to developments.
3) Dividend payout that is still far away

I suggest we wait for Q4 result to further clarify before purchasing.
09/12/2020 8:02 PM
huat8787 Oil usd 50
11/12/2020 9:12 AM
yfchong Ok lah
11/12/2020 11:33 AM
huat8787 O&G rocks
23/12/2020 4:57 PM
oneorange this one seldom rock, only when near dividends?
23/12/2020 8:51 PM
davors volume today so high pulak~
31/12/2020 1:14 PM


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