Posted by limkokthye > 2021-03-08 20:38 | Report Abuse

just buy at 0.94

Posted by Keyman188 > 2021-03-09 08:41 | Report Abuse

Crane maker Favelle Favco secures offshore and tower crane orders worth RM101.4m

(theedgemarkets.com / March 08, 2021 18:55 pm +08)

KUALA LUMPUR (March 8): Crane maker Favelle Favco Bhd (FFB) said it has received orders for the supply of offshore and tower cranes amounting to RM101.4 million from six clients.

In a bourse filing today, the group said its wholly-owned subsidiaries, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pty Ltd, have secured the orders since Dec 1, 2020.

The six clients are DESB Marine Services Sdn Bhd, Resolution Rigging Services Pty Ltd, PT Megatama Internal, Offshore Oil Engineering Co Ltd, Thai Nippon Steel Engineering & Construction Co Ltd, and Saipem SPA.

The six contracts — which are expected to contribute positively to the earnings and net assets of the group for the financial year ending Dec 31, 2021 and beyond — are estimated to be delivered between the second quarter of 2021 and the second quarter of 2022.

"The contracts do not have any impact on the share capital and shareholding structure of FFB.

"The board of directors of FFB is of the opinion that the acceptance of the above contracts is in the best interest of FFB," said the group.

Shares of FFB closed two sen or 0.93% higher at RM2.18, bringing its market capitalisation to RM488.2 million.


## https://www.theedgemarkets.com/article/crane-maker-favelle-favco-secures-offshore-and-tower-crane-orders-worth-rm1014m

Posted by Keyman188 > 2021-03-09 08:42 | Report Abuse

Great great boost news since Muhibbah Engineering still holding about 59% shareholding of Favco....


Cheers.........




Posted by Keyman188 > Mar 9, 2021 8:41 AM | Report Abuse X

Crane maker Favelle Favco secures offshore and tower crane orders worth RM101.4m

(theedgemarkets.com / March 08, 2021 18:55 pm +08)

Posted by bgt9963 > 2021-03-09 08:57 |

Post removed.Why?

Posted by firehawk > 2021-03-09 09:57 | Report Abuse

Favelle Favco power !!

Posted by Dongbei > 2021-03-09 18:54 | Report Abuse

Oil & Gas recovering...Muhibbah going up..

Posted by lcmflily > 2021-03-09 22:45 | Report Abuse

What price to enter

Posted by Dongbei > 2021-03-10 09:10 | Report Abuse

Anything under 1RM is a good deal...

Posted by thesteward > 2021-03-10 09:39 | Report Abuse

Second mmcorp in making

Posted by thesteward > 2021-03-10 11:55 | Report Abuse

Holding tight hopefully second mmcorp in making man

Posted by Keyman188 > 2021-03-10 12:19 | Report Abuse

Very high possibility re-visit 1.15 level soon...

Once break 1.15 then the next level to visit shall be 1.28 ~ 1.30...


CHEERS........

Posted by soon9913 > 2021-03-10 14:36 | Report Abuse

today can close at 1.16.. oil price is good, airport is opening, construction sector is recovering , vaccine out

Posted by RISK8888 > 2021-03-10 21:51 | Report Abuse

no gas liao....trap ppl only

Posted by defragmenter > 2021-03-11 07:45 | Report Abuse

Actually i feel that muhibbah have a good potential. Upon recovery of covid, RM2.00 is possible. And this company pays out good dividend too.

Posted by Keyman188 > 2021-03-11 14:13 | Report Abuse

MIDF upgrades O&G sector to 'positive' on higher oil prices

(theedgemarkets.com / March 11, 2021 12:52 pm +08)

KUALA LUMPUR (March 11): MIDF Research has upgraded the oil and gas sector to "positive" as it sees the upstream and downstream sub-segments will benefit from the recent oil price rally.

Its analyst Noor Athila Mohd Razali said in a note today that the higher oil prices would benefit the sub-segments in terms of potential new contract awards, rising product prices and spread for downstream industry players.

“Despite the absence of revision in exploration and production (E&P) capital expenditure spending from the oil majors, we opine that the recovery narrative for the sector remains on track given that a more selected spending approach will result in a more sustained recovery and significant uptick in activities within the oil and gas sector is expected to take place in the second half of 2021.

In terms of dividend play, she recommended Favelle Favco Bhd (buy, TP: RM3) and Petronas Gas Bhd (buy, TP:RM17.90) as these companies have been registering not only stable recurring income but also consistent dividend payout for the past three years.


## https://www.theedgemarkets.com/article/midf-upgrades-og-sector-positive-higher-oil-prices

Posted by bgt9963 > 2021-03-11 14:23 |

Post removed.Why?

Posted by Keyman188 > 2021-03-11 14:26 | Report Abuse

Great booster news...

Cheers...

Posted by defragmenter > 2021-03-12 09:28 | Report Abuse

The rally may continue until 1.50 by next week.

Posted by shareinvestor88 > 2021-03-13 22:44 | Report Abuse

https://www.bbc.com/news/world-europe-56382608

Posted by Keyman188 > 2021-03-13 23:31 | Report Abuse

The Fed could be a catalyst for bonds, and that could drive growth stocks in week ahead

(PUBLISHED FRI, MAR 12 20215:26 PM EST)


~ The bond market is once more the wild card for the stock market. It could rein in any gains in tech or growth stocks if yields continue to rise in the week ahead.

~ The Federal Reserve meets Tuesday and Wednesday. While it’s not expected to take any action, it could be a catalyst for a move in yields.

~ Value and cyclicals could continue to lead the market, as investors bet the vaccine rollout and fiscal stimulus will help the economy’s reopening.



Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction.

Rising bond yields have been challenging growth stocks. Names like Apple, Tesla, and Amazon have been lagging as investors move to cyclical groups that do well in an economic recovery. Even so, the S&P 500 and the Dow both closed at record highs Friday, while the Nasdaq Composite was lower.

The Nasdaq, home to big tech, did gain 3% in the past week, but it is down 5.5% over the last month.

The bond market in the coming week will likely take its cues from the Federal Reserve, which meets Tuesday and Wednesday.

The central bank is expected to give a nod to much better growth. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.

Fed ahead

“The markets have way too high expectations around what the Fed is going to do or say,” said Gregory Peters, head of multi-sector and strategy at PGIM Fixed Income. “I think the message is going to be consistent.”

He said Fed Chairman Jerome Powell is likely to sound dovish and is unlikely to give any time frames on when the central bank will change its bond-buying program or other policy.


Bond yields, which move opposite price, have been rising on an improving outlook for the economy.

That trade also showed up in the stock market, with the Dow up 4% for the week to end Friday at a record 32,778. Consumer discretionary stocks, which include retail, were among the best performers, up 5.7%, boosted by optimism that individuals will spend their $1,400 stimulus checks.

Yields were higher Friday after President Joe Biden said all adults would be eligible for a vaccine by May 1. The 10-year Treasury yield touched a high of 1.642% — its highest level in more than a year.

It is the key rate to watch since it affects mortgages and other consumer and business loans.

“The economy is going to be unbelievably strong this year — deficit spending, reopening, vaccines,” said Peters of PGIM.

“It looks like for next year, all the numbers are being revised higher,” he said. “So this thing could have some sustainable growth, so I think there’s going to be pressure on rates moving higher.”

Bond yields rose sharply over the past month. The rapid pace of the move has made stocks jittery as investors adjust to higher rates. The 10-year Treasury yield was at 1.16% on Feb. 12.

Growth vs. cyclicals

Over the last month, energy stocks have risen nearly 20%, financial stocks are up 10.2%, and industrials are up 7%. The S&P technology sector is down 5.4% over the last month, and communications services, which includes internet names was up 0.8%.

Higher rates are a challenge for tech and other growth stocks because those shares are expensive and have high price-earnings ratios.

“When rates are very low, valuations don’t matter to people,” said Peter Boockvar, chief investment officer at Bleakley Global Advisors.

“If rates are low, there’s no penalty,” he said. “If rates start to go up, people become much more sensitive to valuations, and that’s what we’ve seen here.”

Scott Redler, partner with T3live.com, follows short-term stock market technicals and trades many of the growth stocks. Lately, however, he’s found himself sitting in many value names and cyclicals.


## https://www.cnbc.com/2021/03/12/the-fed-could-be-a-catalyst-for-bonds-and-that-could-drive-growth-stocks-in-week-ahead.html

Posted by Keyman188 > 2021-03-13 23:31 | Report Abuse

Seem like next week market continue uptrend...

Cheers...

Posted by varane > 2021-03-14 12:23 | Report Abuse

Yea especially on Oil & Gas related counters

Posted by Keyman188 > 2021-03-15 08:29 | Report Abuse

Dow futures rise as stocks point to strong open on Monday

(PUBLISHED SUN, MAR 14 20216:02 PM EDTUPDATED SUN, MAR 14 20217:42 PM EDT)

U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Monday, continuing last week’s rally that led the Dow and S&P 500 to record highs.

Dow futures rose 120 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.2%.

Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&P 500 gaining 2.6%. The S&P 500 and the Dow both closed at record highs Friday.

The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&P are up 6% and 3.5%, respectively.

The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note reached 1.642%, its highest level since February 2020.

The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.

Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.

Investors will be gearing up for Tuesday and Wednesday’s Federal Open Market Committee meeting where the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Federal Reserve.

The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.

Goldman Sachs chief economist David Kostin told clients on Sunday that he expects interest rates to continue to rise in the coming months and investors will have to “continually grapple with the anxiety about economic overheating and Fed tightening.”

On the vaccine front, Biden announced last week that he would direct states to make all adults eligible for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.


## https://www.cnbc.com/2021/03/14/dow-futures-rise-as-stocks-point-to-strong-open-on-monday.html

Posted by Keyman188 > 2021-03-15 08:31 | Report Abuse

Foresee market continue to surge further...

Cheers...

Posted by Bgt 9963 > 2021-03-15 08:43 |

Post removed.Why?

Posted by Dongbei > 2021-03-15 12:19 | Report Abuse

Good time to replenish this stock...biggest shareholder buying more and price is still historically very cheap while outlook is improving rapidly...

Posted by tamp0i > 2021-03-15 13:23 | Report Abuse

My personal TP 1.30 by end of April

Posted by investortrader88 > 2021-03-15 13:44 | Report Abuse

just noticed my queue buy matched.:):):).good luck guys

Posted by iskandar100k > 2021-03-17 09:52 | Report Abuse

Just sold mine at RM1.18 with a little over 50% profit.. Good luck guys...

Posted by Dongbei > 2021-03-17 12:06 | Report Abuse

Mine is +47% but now is not time to sell...it will continue steadily upwards...good long term investment for sure..

Posted by Dongbei > 2021-03-17 12:09 | Report Abuse

Somebody mentioned this is new MMC...indeed similar behaviour...but already left MMC behind..

Posted by limkokthye > 2021-03-17 12:14 | Report Abuse

My target is 3.30

Posted by Keyman188 > 2021-03-17 12:15 | Report Abuse

Aiya....Keyman188 sold too fast @ 1.17 liao...

But nvm...

Within 12 months...Keyman188 already earned about 115% of this counter (a few time up & down)...


Cheers............

Posted by Dongbei > 2021-03-17 12:49 | Report Abuse

If oil goes back to 100 USD as many has predicted this counter goes to 3RM..

Posted by Dongbei > 2021-03-17 12:54 | Report Abuse

Favco consensus target is 3.0 RM...if it reaches that maybe 50 sen boost already for Muhibbah..

Posted by Keyman188 > 2021-03-17 12:54 | Report Abuse

Market anything can be possible...

But...

At this moment impossible...

Well prepare for oil market correction...

Posted by tamp0i > 2021-03-17 14:09 | Report Abuse

Looks like 1.30 is within reach ;) Looking good...

Posted by Fabien _the efficient capital allocator > 2021-03-17 14:41 | Report Abuse

Sold some @ 1.20

Ride the rest

Posted by Bgt 9963 > 2021-03-17 14:45 | Report Abuse

Sapu muhibbah....!

Posted by chuankhoo > 2021-03-17 16:30 | Report Abuse

when QR out?

Posted by Keyman188 > 2021-03-19 08:08 | Report Abuse

Oil drops more than 7% in worst day since September

(PUBLISHED THU, MAR 18 20211:37 AM EDTUPDATED THU, MAR 18 20212:40 PM EDT)

Oil prices sunk for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.

Brent crude slid 6.94% to settle at $63.28 per barrel. U.S. oil settled 7.12%, or $4.60, lower at $60 per barrel, after shedding 0.3% in the previous session. Both contracts are down 6% over the past five days.

“Short-term developments - stuttering vaccine rollouts and the build in U.S. oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,” said PVM Oil Associates analyst Tamas Varga.

“Yesterday’s U.S. Federal Reserve meeting provided a boost to equities ... U.S. economic growth has been revised upwards while unemployment is expected to decline.”

A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off.

Government data on Wednesday showed U.S. crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.

U.S. crude inventories rose by 2.4 million barrels last week, the U.S. Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated there had been a 1 million barrel decline.

Varga added the market would be waiting for U.S. manufacturing data next week for further indications on the health of the world’s largest economy.

“Lower crude demand from Asian buyers as a result of upcoming refinery maintenance and probably higher prices is also something not helping crude at the moment,” said UBS commodity analyst Giovanni Staunovo.

A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.

Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.

A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said Europe should continue to use the vaccine.


## https://www.cnbc.com/2021/03/18/oil-markets-us-stockpile-build-demand-worries.html

Posted by Keyman188 > 2021-03-19 08:08 | Report Abuse

Oil prices plunged due to :-

1) Higher US inventories

2) 2.4 mil barrels last week

3) Rising covid-19 cases in Europ

4) Slowdown in vaccination

Posted by Keyman188 > 2021-03-19 08:09 | Report Abuse

Keyman188 very humble person...

Keyman188 already highlighter earlier....

Well prepare for correction....






Posted by Keyman188 > Mar 17, 2021 12:54 PM | Report Abuse X

Market anything can be possible...

But...

At this moment impossible...

Well prepare for oil market correction...

Posted by nextan > 2021-03-21 21:05 | Report Abuse

Anyone can tell when is the QR out?

Posted by limkokthye > 2021-03-23 11:48 | Report Abuse

Keong gan liao

Posted by Moratorium > 2021-03-23 19:15 | Report Abuse

Hi Keyman188, I got some Muhibbah today...

Posted by limkokthye > 2021-03-23 22:14 | Report Abuse

oil drop again

Posted by firehawk > 2021-03-24 17:11 | Report Abuse

this one very special loh .... drop below 1.00 and end up with +2sen, very interesting ......

Posted by hongwei1 > 2021-03-24 21:14 | Report Abuse

MUHIBAH 是个非常冷门的公司，股价去年三月大股灾进入大回调 已经在八毛多找到最强支撑，我看他横摆了很久在一个月里面起了点动作 已经连续跌了几天了 直到今天三月24 找到支撑 保持在1.0以上
公司的核心业务属于基建也，土木工程，海上基建水坝等高难度建造，很多人都以为他是建筑公司 但是除了基建 还有一家很强的子公司叫favellefavco 是一家制造起重机的公司 他们的生意主要在美国中国澳洲等等。。。连世界多数最高楼都是用他们提供的起重机 只能是强大成熟的技术 虽然favco 的起重机 不是最高级的 但是以性价比的话将是 最受欢迎实用经济的 子公司的强大我就不用多说了 你们可以去看看 关于favco，以favco的本益比都呆在10多左右 所以股价呆在两块多是很正常的 。如果哪天他们分拆了 以市值来说 对大家双方面都是互相获利的 所以这点也不需要太大的担心～

公司的核心业务除了以上建筑与起重机事业 还有一项是 设计建造船的停泊基地，修理船 ，租船拖船等等 也是又muhibah来负责的

接下来的最后业务就是对我来说算是铁饭碗的 业务 那就是特许权！在柬埔寨拥有三个机场 包括了暹粒国际机场 ，金边机场，西哈努克机场，我也做了一些reserach 机场的竞争对手 在2023年暹米机场与中国云投集团旗下的吴哥国际机场投资公司（AIAI）实施，所以这也许是对公司的 一个不利好的消息 有强劲的竞争对手 但是对我来说也许是个好事 因为证明只是一个旅游娱乐业蓬勃的具有历史遗迹的地方 ，所以连国际市都看好 ，另外我觉得的好处是虽然会有几座新机场 被淘汰的话是有权索赔的 所以不需要太大的担心 因为 合约 到2040年，在马来西亚公路维护上特许权也到2026年 还有五年的时间，但是真正面对的问题是 国际航班还是没办法运行 所以在这里是真的损失惨重 但是这也不是公司本意不好的问题 这是全球性的问题

所以我对这件公司还蛮喜欢的 这家公司也是kwsp epf 等等机构的最爱 ，也许是仗着公司的业务成熟技术稳重，所以机构们都希望来扫扫muhibah～ 我本身认为如果全球一切恢复正常 ，这家老公司的业务 和表现 2.0 3.0 都不算天方夜谭，现在股价也可以说是底盘可见

希望我的朋友们可以follow 我的telegram ：billionairesinvestmentgroup

Posted by Moratorium > 2021-03-26 16:13 | Report Abuse

Wah, went up 8 cents and nobody posts here. Must be sharks buying...