Posted by 9182 > 2017-05-31 20:01 | Report Abuse

Count on 15 sen dividend, well run, cash rich and enormous potential. A good bet!

Posted by twentybaggers > 2017-06-04 04:43 | Report Abuse

my thoughts on this company
https://twentybaggers.wordpress.com/2017/06/03/value-buy-favco-favelle/

Posted by chamlo > 2017-06-05 04:57 | Report Abuse

Revenue is lowest in 5 years. Oil drop recently next QR worse?
https://klse.i3investor.com/servlets/stk/fin/7229.jsp

Posted by dusti > 2017-06-05 15:19 | Report Abuse

Littlehope

Posted by carilembu > 2017-06-05 15:26 | Report Abuse

up soon

Posted by Patrick13 > 2017-06-07 13:13 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=979098

Posted by member41 > 2017-06-07 16:57 | Report Abuse

Almost $3

Posted by 2721 > 2017-06-07 17:20 | Report Abuse

any good news?

Posted by 2721 > 2017-06-07 18:04 | Report Abuse

who is the big boss sapu at las min

Posted by 10bagger10 > 2017-06-07 18:41 | Report Abuse

Sapu how much?

Posted by RKLee > 2017-06-07 20:00 | Report Abuse

Last minute 500 lots at RM2.95

Posted by 10bagger10 > 2017-06-07 20:08 | Report Abuse

Any reason why?

Posted by RKLee > 2017-06-07 20:14 | Report Abuse

I wish to know too.

Posted by 2721 > 2017-06-12 08:30 | Report Abuse

tomorow rm3♡♡

Posted by Ahboy1 > 2017-06-12 10:59 | Report Abuse

hopefully

Posted by tokohM > 2017-06-13 09:19 | Report Abuse

I hold it for more than 1 year finally it closely reaches RM3.

Posted by 9182 > 2017-06-13 12:20 | Report Abuse

Count on 15 sen dividend, well run, cash rich and enormous potential. A good bet!

Posted by AyamGoreng > 2017-06-13 16:52 | Report Abuse

kikikiki.....goreng! dividend mari mari

Posted by member41 > 2017-06-14 10:47 | Report Abuse

Just hit $3. Gogogo

Posted by 2721 > 2017-06-14 20:11 | Report Abuse

Yes, as expected...big boss keep sapu behind

Posted by 10bagger10 > 2017-06-14 22:43 | Report Abuse

how can know big boss sapu>?

Posted by RKLee > 2017-06-16 07:01 | Report Abuse

Why it drops so much yesterday? Any news? Chance to accumulate?

Posted by Johnmajor > 2017-06-19 10:25 | Report Abuse

Profit taking. This counter is a gem.

Posted by RKLee > 2017-06-22 20:22 | Report Abuse

Any news from AGM today?

Posted by 10bagger10 > 2017-06-22 22:26 | Report Abuse

Anyone

Posted by Clement Yew > 2017-06-22 23:07 | Report Abuse

OnG sector remains challenging for this year. Crane projects might be deferred.
To offset this decline, favco plans to :
- increase rental fleet (construction sector mostly)
- increase operation n maintenance revenue
- build smaller cranes
- wind turbines

Operations in china remain challenging. Pricing wise, couldn't compete with the Chinese companies. Thus, favco plans to use china plant to build cranes and supply to Europe market. Use China as production instead of selling to china domestic market.

Current order book approx 640mil. Able to last for 9momths.
Breakdown - 60/40 OnG/others. (They diversified from relying 80-90% on OnG previously).

Generally quite pleased with their answers.

Posted by LCKS > 2017-06-23 18:04 | Report Abuse

Management has proven to be resilient. That's what I was hoping to hear - that they diversify away from O&G.

Posted by Flintstones > 2017-06-24 10:07 | Report Abuse

hear say fong siling is in this counter. anyone can verify?

Posted by RainT > 2017-06-25 12:25 | Report Abuse

From where you hear ??? Fong siling in this counter

Posted by mikeshare > 2017-07-03 21:47 | Report Abuse

why drop so much, I got a feeling that the price is depressing down on purpose. Because of the launching of the ESOS, in which the exercise price will be determined based on the average 5 days of the preceeding market price before the date. Pls correct me if i were wrong. I just glanced through the Bursa announcement.

Posted by RainT > 2017-07-23 15:48 | Report Abuse

Favco have what growth or expansion story ??? Anybody know ???

Posted by 9182 > 2017-07-26 11:34 | Report Abuse

No story needed Rain - buy on dividend.

Posted by RainT > 2017-07-30 14:03 | Report Abuse

If buy on dividend ......go for Liihen ....better dividend than Favco

Posted by RKLee > 2017-08-18 12:59 | Report Abuse

Dividend expiring soon....

Posted by nikicheong > 2017-09-04 21:12 | Report Abuse

So what's the deal here, net cash position at half the market cap. What am I missing?

Posted by nikicheong > 2017-09-04 21:15 | Report Abuse

Net cash per share is at RM1.61/share. Seems rather high. Would appreciate it if someone could point out if I am missing something.

Posted by noobnnew > 2017-09-05 15:51 | Report Abuse

Posted by nikicheong > Sep 4, 2017 09:15 PM | Report Abuse

Net cash per share is at RM1.61/share. Seems rather high. Would appreciate it if someone could point out if I am missing something.

Given the uncertainty of oil and gas sector. It is wise for management to save cash for rainy day. The company still doing well. Look at their cash flow statement and also order book. Everything is fine. It is just bad year for oil and gas. Unless you have the patient to wait for a) OnG recovery or b)discovery of new business. This stock is not really for FIFO.

Posted by nikicheong > 2017-09-05 16:56 | Report Abuse

Fair enough, looking at the long term. The potential future yield does not look attractive just yet. Maybe if it retreats to RM2.25 levels I will consider it more strongly. For now, it goes on my watchlist. I've done my preliminary research. Read the MIDF initiation report to get up to speed on the business's fundamentals. Favco seems to have a very strong moat and track record with offshore/tower cranes.

Posted by Patrick13 > 2017-09-07 14:34 | Report Abuse

Favco is very cyclical stock. If it really drop to RM2.25 level, then is very attractive to buy!

Posted by godhand > 2017-09-21 10:59 | Report Abuse

good management, bad industry

Posted by Artemis > 2017-09-21 14:59 | Report Abuse

https://klse.i3investor.com/blogs/kianweiaritcles/133059.jsp interesting

Posted by Patrick13 > 2017-10-05 16:36 | Report Abuse

Bought at RM2.62.

Posted by 2721 > 2017-10-05 19:10 | Report Abuse

wow...good news, take over new company

Posted by Patrick13 > 2017-10-05 20:32 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1004645

Posted by Patrick13 > 2017-10-05 20:33 | Report Abuse

Wasai.. So luck I bought it today. not too late to welcome this good news :)

Posted by 2721 > 2017-10-07 18:46 | Report Abuse

thx for pushing up..lol

Posted by 2721 > 2017-10-09 17:00 | Report Abuse

thx for pushing up again ^___^

Posted by 2721 > 2017-10-09 17:04 | Report Abuse

up 8cts for consecutive 2 days..huat ar

Posted by signor > 2017-10-10 07:47 | Report Abuse

order book all time low, no good.

Posted by 2721 > 2017-10-11 14:34 | Report Abuse

will up another 8cts today? hehe