I have the utmost confidence in this counter. A solid company with progressive future. I bought it since 1.03 where I've encountered paper loses at one time where it drops to 0.80. Btw it's bitter sweet feeling after all when it rises to current price. Will keep for longer period . My Tp is 2.20. Hope will come thru.
Good for you, Leon. The granting of licence by Petronas augurs well for the company as it will then be able to participate and compete for future projects. With its existing orders in hand coupled with the strong earnings reported of late, price may continue to rise with some corrections along the way.
The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes Pte Ltd and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the months of June 2013 and July 2013:-
The approximate combined value of the above substantial orders secured amount to RM61.5 million.
A 10 meter tank full of 9.5m solidified mud and 0.1 water. When someone put his legs inside the tank and shake, what will happen? The water level will raise up quickly and overflow. Before they take out their legs, you better run first.
Don't worry. it will be its turn next week as people will sell favco and take profit and rotate to Muhibbah next week as it is still a cheaper proxy to invest in Muhibbah.
Good potential to an unbelievable TP. Many incoming good news will be on line in the near future cos this company is very competitive in its sector. Cheers!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jamaludin
47 posts
Posted by Jamaludin > 2013-07-02 19:04 | Report Abuse
TP 2.80? ok?