Posted by nubhan > 2012-06-15 14:28 | Report Abuse

Alert ! May going north !

Posted by gajah > 2012-06-15 15:03 | Report Abuse

That's good to hear. If Favco go north, will MUHIBAH follow suit?

Posted by eagleis > 2012-06-15 15:23 | Report Abuse

gajah will definitely go north to look for greener banana trees but not greener pasture. haha

Posted by eagleis > 2012-06-15 15:39 | Report Abuse

gajah will go north to Thailand, takaful will go to the north pole. that's my biggest concern now bcos i have takafool. heheh

Posted by eagleis > 2012-06-15 15:46 | Report Abuse

gajah has reached the thai border n takafool has reached the china border on its way to the north pole

Posted by eagleis > 2012-06-15 15:57 | Report Abuse

takafool is in unchartered dangerous territory, d pull back is long n severe

Posted by nubhan > 2012-06-15 23:39 | Report Abuse

i will hold favco for 2 months only. Smells something is coming. ahahaha

Posted by kcfan > 2012-06-16 10:46 | Report Abuse

輝高(Favco)在大馬、丹麥、美國和澳洲設有龐大的製造廠，並在新加坡、中東、中國設有分公司，是名副其實的跨國公司。
吊機又重又長，乃龐然大物，運送不易，運費高昂，這是促使該公司在接近吊機市場的國家設廠製造的主要原因。
2006年上市的輝高，是連續10年，每年都取得可觀盈利的少數上市公司之一，尤其是過去5年，業績表現不俗，每股淨利由2007年的11.22仙，升至2011年的26.69仙。
本財務年，到今年3月31日的第一季，每股已取得5.74仙的淨利。
在今年5月22日時，手頭訂單高達7015萬令吉，足夠該公司忙碌兩年。
該公司的主要顧客為岸外石油和煤氣勘探及生產公司、造船廠和建築業。
輝高是另一家上市公司睦興旺工程(Muhibah)的子公司，睦興旺擁有輝高55.573%股權，控制睦興旺的Mac Ngan Boon(也是董事經理)直接擁有輝高4.573%。
他兼任輝高的董事經理；副董事經理兼執行長為他的公子Mac Chung Hui，父子倆人均為工程師。36歲的Chung Hui已掌管輝高的吊機業務11年，經驗豐富，駕輕就熟。
具備優質股五條件
輝高具備第二線優質股五條件：
⑴合理的盈利：去年每股淨利26.69仙。
⑵合理的股息：今年派息6仙(除權日：7月13日，派發日：8月10日)，以目前1.40令吉的股價，淨週息率為4.3%。股息不算高，勝在穩定。
⑶現金流量強勁，財務基礎穩固：在今年3月31日時，手頭握有現金1億4300萬令吉，扣除6772萬令吉的債務後，淨現金額為7528萬令吉，每股擁有43仙的現金。
⑷本益比偏低：以去年每股淨利26.69仙及目前1.40令吉的股價，本益比僅為5.25倍。
⑸合理的成長：目前握有逾7億令吉的訂單，預料未來兩年是豐收年。
【總結】
這是一家具有良好業績紀錄，管理良好的上市公司，前景看好，適合長期投資，建議投資者買進後貼身跟踪業務進展，尤其是該公司通過股票交易所發布的有關接獲訂單的文告。年報及每季季報，必須細讀。
【聲明】本文資料取自該公司招股說明書，歷年年報、季報及文告，​​相信可靠。本文僅供參考，並非推薦購買。筆者可能擁有或未擁有此股。
冷眼專欄3天前已刊登於《南洋商報》。敬請訂閱《南洋商報》，以利掌握先機

Posted by nubhan > 2012-06-16 21:01 | Report Abuse

Yesss kcfan, spot on !

Buy buy buy. :)

Posted by nubhan > 2012-06-18 09:32 | Report Abuse

Don't forget this counter, see how it flies.

Posted by nubhan > 2012-06-18 12:44 | Report Abuse

Taking off already !

Posted by nubhan > 2012-06-18 12:46 | Report Abuse

will retest 1.52 today, if manage to penetrate 1.52, then comes 1.59 as super major hurdle, after that, its money money money.

Posted by kcfan > 2012-06-18 20:02 | Report Abuse

Agree.Nubhan.

Posted by kcfan > 2012-06-25 20:00 | Report Abuse

Favco may trade higher after closing at its highest in a year last
Friday. A position can be initiated above RM1.55, with a close below
last Friday’s low of RM1.48 as stop-loss. The price target is RM2.00,
with selling also expected at RM1.80. The trade may not work
should the stop-loss be triggered, after which the stock may
continue its sideway move. Strong support lies at RM1.35.

Posted by messiBarca > 2012-06-27 14:30 | Report Abuse

how come Favco drop heavily , because Muhibah

Posted by ksszetho > 2012-06-28 22:27 | Report Abuse

Favco dropped because of purchase of the crane fabrication yard in Australia from Muhibbah for AUD15.00m to be paid by 31.678m new Favco shares at RM1.52 per share. This will dilute Favco's future earnings by some 1.5 sen per share. Assuming a PER of 5.25, this will translate to a reduction in share price by some 7.9 sen or 8.0 sen.

Posted by haydenhao > 2012-06-28 22:41 | Report Abuse

can buy at current price not? thinking it might not break 1.6 marks anymore at this future? advise

Posted by chongkonghui > 2012-07-03 14:05 | Report Abuse

Each buying must have an objective and time frame, to match the counter that you are buying. What is yours?

Posted by chongkonghui > 2012-07-03 14:06 | Report Abuse

After this dilution, should the EPS be increased due to Additional asset?

Posted by chongkonghui > 2012-07-03 14:50 | Report Abuse

The Proposed Acquisition provides immediate rental savings to FFB of approximately AUD735,000 (equivalent to approximately RM2.356 million) per annum. It may also reduce FFB‟s administrative costs as a result of the reduction in the number of recurrent related party transactions between FFB and the Vendor.

Posted by JimYeoh > 2012-07-19 13:05 | Report Abuse

Good to buy in now?

Posted by chongkonghui > 2012-07-20 21:02 | Report Abuse

very good opportunity now. Buy at RM1.32 = Earnings Yield of 22.8% based on latest 4 quarters EPS (Very very good deal).

Not to mention the bigger order book as compared to last 6 quarters.

Will increase my holding by 50% if dropped further to RM1.29

Posted by keatming > 2012-07-20 23:28 | Report Abuse

Agree with chongkonghui. Acquisition of fabrication yard with new ordinary share will dilute the net earning but i think not much effect on NTA. The 1st quarter 2012 earning is about 4.9 cents per share (after dilution of the new share issued), still higher than 2011 1st quarter earning(2.18 cents per share).

More important is the earning is increasing year by year and the NTA was increased about 14%/year from 2006. With current order book, earning will continue to increase.
Do correct me if i am wrong.

Posted by chongkonghui > 2012-07-24 11:50 | Report Abuse

Still queue at RM1.29 but strong support at RM1.30

Click below for quarter results table.

https://plus.google.com/photos/100279251844745113499/albums/5766764809246042881/5766764810296419538

Posted by larrylyb > 2012-07-24 21:41 | Report Abuse

I bought some at RM1.60 not too long ago. I think I may average down if it goes to RM1.20.

Posted by Namoyaki Takarajima > 2012-07-25 17:25 | Report Abuse

Congratulations FAVCO! See you again tomorrow. 1.32. Thanks.

Posted by haydenhao > 2012-08-01 22:04 | Report Abuse

Thanks!

Posted by chongkonghui > 2012-08-03 16:02 | Report Abuse

Sold all this week at average RM1.5274 and aim to start buy back slowly from RM1.49 as it is a good counter, strong EY, reasonable DY and Net Cash.

Posted by franksoweto > 2012-08-03 18:22 | Report Abuse

er chong why so fast and buy back @ 1.49 from 1.52 - hehe i want to be your brokerlah!

Posted by chongkonghui > 2012-08-06 10:08 | Report Abuse

Yes, My broker is happy to have me as his client.

Posted by franksoweto > 2012-08-06 10:10 | Report Abuse

up some today :( on low volume maybe drop back to collect?

Posted by Namoyaki Takarajima > 2012-08-06 10:23 | Report Abuse

Still at HOLDING Position @1.32:25/7/2012

Posted by franksoweto > 2012-08-06 10:35 | Report Abuse

good for you Namo :)good steady company if not of mother Muhibah should be at least 1.80 already!

Posted by Namoyaki Takarajima > 2012-08-06 13:35 | Report Abuse

Ya. Thnks frank.

Posted by Steven Lee > 2012-08-07 16:22 | Report Abuse

wow, why today up so much ?

Posted by franksoweto > 2012-08-07 17:27 | Report Abuse

flyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy Namo :)

Posted by Steven Lee > 2012-08-07 19:24 | Report Abuse

any news?

Posted by quyen850906 > 2012-08-07 19:50 | Report Abuse

pretty financial report

Posted by franksoweto > 2012-08-07 20:37 | Report Abuse

strong order book. good undervalue counter but price has shot up much these past 2 days.

Posted by weiboy90 > 2012-08-07 20:46 | Report Abuse

tmr still can go in?

Posted by Steven Lee > 2012-08-07 21:45 | Report Abuse

quyen:FR out already ?

Posted by keatming > 2012-08-07 22:26 | Report Abuse

ya, 2nd quarter result out ad? shud be around end of this month rite?

Posted by Kim Yap Lau > 2012-08-07 22:37 | Report Abuse

TP?

Posted by Steven Lee > 2012-08-08 10:52 | Report Abuse

phew... pt yesterday

Posted by chongkonghui > 2012-08-08 11:42 | Report Abuse

Sold too early for such a good undervalued counter.

Click below for quarter results table.

https://plus.google.com/photos/100279251844745113499/albums/5766764809246042881/5766764810296419538

Posted by franksoweto > 2012-08-08 11:53 | Report Abuse

don't worry chong - look for more profit taking and go in lower price. This counter should be 2.00 by year end :)

Posted by Steven Lee > 2012-08-08 12:28 | Report Abuse

hi chong, where can I find the order book value under ? which website ? link? thanks for sharing!

Posted by chongkonghui > 2012-08-08 12:32 | Report Abuse

+StevenLee, it is in the quarter results note.

+Franksoweto, I am waiting for right time to enter again, regardless the price RM1.50 or RM1.70 because price is just a price, Price-Valuation is more important.

Posted by Steven Lee > 2012-08-08 15:54 | Report Abuse

thx chong I got it =)

Posted by Namoyaki Takarajima > 2012-08-08 16:00 | Report Abuse

:) Well done FAVCO!