Posted by Probability > 2016-04-21 20:38 | Report Abuse

Hey Shaun, could you comment on the latest quarter results which caused the Operating profit to dip tremendously compared to previous....and how does the recent RM strengthening would impact on the forex gain/loss, derivatives?

Posted by Hiu Chee Keong > 2016-04-21 21:04 | Report Abuse

The last time i read a report about Favco last year, it said Favco has not been able to get any new significant contract while the old contract is coming to expire. however, i still keep favco in my watch list.

Posted by yktay1 > 2016-04-21 22:09 | Report Abuse

bleh company

Posted by Shaun Wong > 2016-04-22 16:42 | Report Abuse

@Probability

"The increase in profit before tax for the Group was mainly due to write back of provision for receivables after recovery of debts and revalued foreign exchange
gain on US Dollar currency deposits." (Taken from previous quarter report, nothing to be worried about)

Of course they would benefit from it. Have a look at their annual report, foreign currency risk.

@Hiu Chee Keong

Good on you.

Posted by paperplane2016 > 2016-04-25 00:40 | Report Abuse

No news on any new jobs also

Posted by Shaun Wong > 2016-04-25 21:31 | Report Abuse

@paperplane2016

If you are looking for themes, this is not for you.

Posted by paperplane2016 > 2016-04-25 21:36 | Report Abuse

This is stable div stock

Posted by asdf > 2016-05-17 04:49 | Report Abuse

quit this counter