FAVELLE FAVCO BHD

KLSE (MYR): FAVCO (7229)

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Last Price

2.28

Today's Change

0.00 (0.00%)

Day's Change

2.25 - 2.28

Trading Volume

74,400


6 people like this.

1,147 comment(s). Last comment by ValueMaker 1 week ago

2721

1,969 posts

Posted by 2721 > 2017-10-12 18:34 | Report Abuse

thx for the 5cts up!

tealeaf

196 posts

Posted by tealeaf > 2017-10-29 10:57 | Report Abuse

collect in low...wait for O&G recovery....... duno how long the wait....at least favco not those alibaba co

2721

1,969 posts

Posted by 2721 > 2017-10-30 18:33 | Report Abuse

oil $60++ up!!

Patrick13

1,971 posts

Posted by Patrick13 > 2017-11-23 23:30 | Report Abuse

Decent result. Nothing can comment much. Pls keep it up!

Posted by Shichimi Togarashi > 2017-12-20 09:23 | Report Abuse

Wow drop to 2.51

Johnmajor

255 posts

Posted by Johnmajor > 2017-12-20 11:24 | Report Abuse

Good for those who wants to accumulate more. Opportunity for those who haven't bought.

Patrick13

1,971 posts

Posted by Patrick13 > 2017-12-29 16:52 | Report Abuse

Window dressing?

Davidl

1,805 posts

Posted by Davidl > 2018-01-03 13:43 | Report Abuse

Time to accumulate!

Patrick13

1,971 posts

Posted by Patrick13 > 2018-01-05 08:07 | Report Abuse

Proposed acquisition of companies extended for another 2 months.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

We refer to the announcement dated 5 October 2017 in relation to the above.

The Board of Directors of the Company wishes to announce that the Parties to the HOA had on 4 January 2018 mutually agreed to extend the HOA for a further period of two (2) months to 4 March 2018 to facilitate the finalisation of the detailed terms and conditions in relation to the Proposed Acquisition.

Other than the aforementioned, all other terms stated in the HOA remain unchanged.

This announcement is dated 4 January 2018.

Davidl

1,805 posts

Posted by Davidl > 2018-01-05 09:17 | Report Abuse

I wonder how market react to the above news!

Davidl

1,805 posts

Posted by Davidl > 2018-01-08 17:12 | Report Abuse

Time to accumulate!

zero

525 posts

Posted by zero > 2018-01-23 01:58 | Report Abuse

Going into MRO, probably with an eye on SERBADK's recent success?

Patrick13

1,971 posts

Posted by Patrick13 > 2018-02-22 10:34 | Report Abuse

With the upcoming possible good QR, at least 15 sen final dividend proposed and acquisition of companies completed by 4 March, Favco share prices could climb further higher.

HEIM2016

22 posts

Posted by HEIM2016 > 2018-02-27 21:23 | Report Abuse

devinden $135

2721

1,969 posts

Posted by 2721 > 2018-03-02 18:19 | Report Abuse

y delay again @@

Posted by Fabien Extraordinaire > 2018-04-26 16:52 | Report Abuse

Bought some Favco. Lock in 5.6% yield.

Times like this require strategy to buy cash rich companies.

jeannie

458 posts

Posted by jeannie > 2018-05-18 13:38 | Report Abuse

still can buy ??

able

96 posts

Posted by able > 2018-05-25 20:01 | Report Abuse

horrible quarter result

tyj1299

5 posts

Posted by tyj1299 > 2018-05-30 10:49 | Report Abuse

Crane business probably is in the bottom of the cycle, since 2013. Even though the quarter result isn't well, as long as the company is well managed, efficient in allocating its resources and low gearing, it can withstand hardship and have the endurance to thrive the sector recovers.

As you can see, Singapore's Tat Hong (crane leasing business) is having privatization, the insiders understand the business better than we do. I don't know when would be sector be recover nor optimistic on this, but this would be a good signal to be contrarian.

huat stock

2,797 posts

Posted by huat stock > 2018-06-14 11:57 | Report Abuse

what's up?

2721

1,969 posts

Posted by 2721 > 2018-07-03 17:50 | Report Abuse

finally the deal is done ^^

George NG

64 posts

Posted by George NG > 2018-07-03 21:02 | Report Abuse

waiting about half year for this acquisition

allenroy

190 posts

Posted by allenroy > 2018-07-19 10:46 | Report Abuse

good divident....

Posted by Thomas Chua > 2018-08-05 00:04 | Report Abuse

Here's what you need to know about Favelle Favco..
http://www.stocksinsights.com/key-insights-favco/

Patrick13

1,971 posts

Posted by Patrick13 > 2018-08-24 15:08 | Report Abuse

Sold at 2.67 to free up capital.

Posted by Vincent_8316 > 2018-08-28 14:57 | Report Abuse

QR no good?
No buying power?

2721

1,969 posts

Posted by 2721 > 2018-08-29 11:14 | Report Abuse

weird result, no new order, kena dump

Livermore

2,797 posts

Posted by Livermore > 2018-08-29 12:11 | Report Abuse

chance to buy bck :)

Patrick13

1,971 posts

Posted by Patrick13 > 2018-09-03 16:44 | Report Abuse

Bought back again at 2.58

Posted by shgyap5675 > 2018-09-06 16:44 | Report Abuse

Dividend 13.5 cents

Posted by Cockroach Paul Lee > 2018-09-06 17:24 | Report Abuse

why drop so much?
sunset industry?
bought 2.49 (close 2.42) kanasai...hahaha

shpg22

2,984 posts

Posted by shpg22 > 2018-09-06 17:46 | Report Abuse

Just don't understand how it can go up when both revenue and PATMI is in free fall. Expect dividend to drop to 8.00 cents for FY18 as FCF turned negative.

Posted by Cockroach Paul Lee > 2018-09-07 00:54 | Report Abuse

copy
INVESTMENT HIGHLIGHTS
Favelle Favco’s 2QFY18 reported earnings declined - 43.5%yoy to RM7.3m
Normalised earnings excluding exceptional items within estimates at RM20.5m
Current orderbook at RM427m as at 23 August 2018
Bulk of the orderbook from various product segments
Maintain BUY with a revised target price of RM2.93
_____________________________________________

TP 2.93 ?
ok la...... dont worry ,be happy.
haha

Patrick13

1,971 posts

Posted by Patrick13 > 2018-09-07 08:04 | Report Abuse

Are you seriously read though Favco QRs?

Though revenue drop due to lower order books on hand, but bottom line still perform well.
1H18 PBT is seriously affected by forex loss and impairment loss. 1H18 PBT: 19,180 add back forex loss (8,718) and impairment loss (4,499) = 32,396
1H17 PBT: 37,823 minus forex gain (6,128) = 31,695

FCF turns negative is bcoz heavy CAPEX of 35mil in the 1H18 versus 7mil in 1H17. Once Favco completed the acquisition of new subsi, FCF this year sure negative but it won't affect their dividend payout bcoz this is the main source of income to their parent holder, Muhibbah Engineering.

shpg22 Just don't understand how it can go up when both revenue and PATMI is in free fall. Expect dividend to drop to 8.00 cents for FY18 as FCF turned negative.
06/09/2018 17:46

Posted by Cockroach Paul Lee > 2018-09-07 09:56 | Report Abuse

@patrick13
favco buy what company?
FCF turns negative is bcoz heavy CAPEX of 35mil ( what kind of job favco planning to do?)
i'm new here , wanna know more...thanks

Posted by Ben Son Sow > 2018-09-07 18:51 | Report Abuse

favco acquired 4 company(Exact Automation Sdn Bhd, Sedia Teguh Sdn Bhd, Exact Analytical Sdn Bhd and Exact Oil & Gas Sdn Bhd),with profit estimation of 20mil/per year...they have 70% stake of those company which mean at least 14mil profit per year.The acquisition just completed end of june 2018 and announced in early july 2018...so next quarter report should have contribution from this newly acquire business. U may google it to find the relevant news.

Johnmajor

255 posts

Posted by Johnmajor > 2018-09-07 22:35 | Report Abuse

buy on price weakness. don't miss the opportunity to collect.

Posted by Cockroach Paul Lee > 2018-09-08 00:51 | Report Abuse

Favco 2.25 hit new low!
Oil n gas sector recovering...
acquired new companies...
all in la !

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-19 14:04 | Report Abuse

Looks good to buy,profit incoming.....

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-19 14:05 | Report Abuse

Nice ! Start taking profit, thanks.

Livermore

2,797 posts

Posted by Livermore > 2018-09-19 14:14 | Report Abuse

it show " low " due to ex dividend adjustment

Patrick13

1,971 posts

Posted by Patrick13 > 2018-09-24 19:03 | Report Abuse

Dividend received today. Thks Favco!

Posted by Cockroach Paul Lee > 2018-09-26 17:31 | Report Abuse

Dividend received today. Thks Favco! x2

shpg22

2,984 posts

Posted by shpg22 > 2018-10-31 01:24 | Report Abuse

FCF turns negative is bcoz heavy CAPEX of 35mil in the 1H18 versus 7mil in 1H17. Once Favco completed the acquisition of new subsi, FCF this year sure negative but it won't affect their dividend payout bcoz this is the main source of income to their parent holder, Muhibbah Engineering.

Even without capex, its operating cash flow alone already turned negative. This will affect the dividend payout. I expect it to be reduced from FY17 13.50 to 8.00 in FY18.

Johnmajor

255 posts

Posted by Johnmajor > 2018-11-19 10:12 | Report Abuse

Good time to buy!

Posted by Ben Son Sow > 2018-11-28 08:09 | Report Abuse

Good result...finally

Posted by Tchaileng83 > 2018-11-28 10:23 | Report Abuse

Yeah~~good result

Posted by Vincent_8316 > 2018-12-04 15:49 | Report Abuse

but share price no move!!!

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