Posted by keatming > 2012-08-08 18:59 | Report Abuse

Favco announced that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd had received total of RM110.4 million purchase orders or Letter of Intent (“Contracts”) respectively in the months of July and August 2012

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2012 and beyond.

Detail:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1032529

Posted by franksoweto > 2012-08-08 23:45 | Report Abuse

Chong - you're more familiar as I see you keep good track of this stock.Yes a good counter to keep. I only have a small position and will definitely add if it were to go lower because it does not have the volume thus the wild rides. definitely not for short term.

Posted by chongkonghui > 2012-08-16 10:54 | Report Abuse

Quarter Results due end of this month, let's wait and see... before act.

Posted by KowChye > 2012-08-20 17:58 | Report Abuse

just hope etp can boost up orders book value and counter price :)

Posted by martiniclub7 > 2012-08-23 20:51 | Report Abuse

sharp fall today.. what happen to this counter?

Posted by weiboy90 > 2012-08-27 18:38 | Report Abuse

http://www.theedgemalaysia.com/business-news/219216-favelle-favcos-2q-net-profit-soars-145-y-o-y.html
2Q net profit increase 145%..

Posted by franksoweto > 2012-08-27 20:43 | Report Abuse

fly tomollow, err why no declare dividen for mama? mama needs money for aph mah hehe

Posted by andyteng > 2012-08-27 20:48 | Report Abuse

songs "see me fly"

Posted by weiboy90 > 2012-08-27 20:48 | Report Abuse

i oso wonder why so much profit and they didnt declare dividend.. =.=

Posted by weiboy90 > 2012-08-27 20:49 | Report Abuse

based on their dividend payout record, they just pay out once a year.. >.<

Posted by lcng123 > 2012-08-28 10:42 | Report Abuse

Favco just declare 6sen dividen 13/07/12 and paid on 10/08/12. I don't think they will declare dividen again later this year.

Posted by chongkonghui > 2012-08-28 11:50 | Report Abuse

Latest Quarter Results

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1046153

Good Results. TP RM2.01 by Kenanga.

Emm.... to buy back at higher price after sold at RM1.5x last month...??

Posted by martiniclub7 > 2012-08-28 13:28 | Report Abuse

Everyone hold, do not freak out and start selling..

Posted by andyteng > 2012-08-28 13:48 | Report Abuse

hold till what price?

Posted by tcr5585 > 2012-08-30 15:17 | Report Abuse

y drop again, another counter disappointed with making big profit company

Posted by kawelegen > 2012-09-03 09:54 | Report Abuse

Any explanation why the price drop below 1.70 now. Looks good price to enter now.

Posted by chongkonghui > 2012-09-03 11:58 | Report Abuse

Drop = Fear!?

Buy when other in FEAR.
Sell when other in GREED.

Posted by Steven Lee > 2012-09-03 12:04 | Report Abuse

out of bullets now ...

Posted by chongkonghui > 2012-09-03 15:55 | Report Abuse

Me too... ha ha .. too much with GENM & GENTING...

Posted by andyteng > 2012-09-03 19:01 | Report Abuse

how come keep dropping?

Posted by Steven Lee > 2012-09-04 08:45 | Report Abuse

chong: look up for ASAS

Posted by kcfan > 2012-09-04 23:46 | Report Abuse

FAVCO received a total of 89.6 million ringgit offshore crane purchase contract, the expected contribution of the fiscal year as of the beginning of the end of December this year.

Posted by lcng123 > 2012-09-05 11:00 | Report Abuse

FAVCO received purchase orders for 2011 & 2012 :
17/02/11=123.2 mil
12/04/11= 89.5 mil
19/05/11= 50.3 mil
09/06/11= 70.3 mil
27/07/11= 79.3 mil
04/08/11= 93.4 mil
19/12/11= 72.3 mil
Total in 2011 = RM 578.3 mil (contribute to FY2011, FY2012 and FY2013)

05/04/12=102.1 mil
18/05/12= 60.1 mil
25/06/12= 71.5 mil
08/08/12=110.4 mil
04/09/12= 89.6 mil
Total in 2012(so far) = RM433.7 mil (contribute to FY2012, FY2013 and 2014)

Posted by Gar3th > 2012-09-07 11:23 | Report Abuse

Its orderbook currently stands at RM715m, of which approximately 71% is from the O&G industry, 18% for construction (tower cranes etc) and 11% for shipyard cranes.

Posted by chongkonghui > 2012-09-10 10:09 | Report Abuse

Sold GENM last week and average down FAVCO at 1.58

At 1.58, the EY is above 22% and with high Order Book, this price is very attractive.

Posted by lcng123 > 2012-09-19 16:30 | Report Abuse

Favco is flying today, closing at RM1.76 right now.

Posted by andyteng > 2012-10-11 12:02 | Report Abuse

drop again

Posted by chongkonghui > 2012-10-11 16:18 | Report Abuse

Drop?

https://plus.google.com/u/0/100279251844745113499/posts/PpgFVtGzpcw

Still in uptrend...

Posted by chongkonghui > 2012-10-11 16:19 | Report Abuse

Queue to buy @ 1.61, 1.62 and 1.63....

Posted by KowChye > 2012-10-14 17:13 | Report Abuse

Price may drop further inview of listing of 602k new ESOS shares on monday 15 Oct.

Posted by chongkonghui > 2012-10-15 12:02 | Report Abuse

Anyone know what is the price paid for the ESOS? No significant selling pressure today from the 602k new ESOS shares...

Posted by KowChye > 2012-10-27 22:40 | Report Abuse

Propose the issuance of 31,678,743 new ordinary shares of RM0.50 each at issue price of RM1.5181 for consideration of proposed acquisition of11.6 acres land from MEB of AUD15,000,000. Refer circular dated 17 Oct. 2012.

Posted by chongkonghui > 2013-01-22 01:13 | Report Abuse

bought more shares, right or wrong?

Time will tells.

Posted by JASON80 > 2013-01-22 01:14 | Report Abuse

buy buy buy mega sale . dont miss out . buy as much as u can . but becareful of bad apple with worm

Posted by chongkonghui > 2013-01-22 01:23 | Report Abuse

Last Saturday bought some apple from MBG at Sunway Giza Mall. The seeds has fungus but the apple itself still taste good. Really unexpected.

Will FAVCO be a bad apple? Let's Time tells us.

Posted by chongkonghui > 2013-01-22 18:33 | Report Abuse

MBG staff allows me to exchange the remaining apple for other type of apple.

FAVCO still not recover from the slump, yet goes into 4 week low.

Got to be patience and wait...

Posted by danchong > 2013-01-24 05:11 | Report Abuse

FAVCO is a great counter. Excellent buying opportunity now.

Only shortcoming is the relatively low dividend pay-out rate. Hope the situation will improve in the coming Final Q report because of large cash position in hand.

Posted by chongkonghui > 2013-01-26 10:24 | Report Abuse

Just have to be patience for such a good results company.

Posted by chongkonghui > 2013-02-04 10:06 | Report Abuse

Quarter results to be released this month, before end of Feb.

Posted by danchong > 2013-02-08 03:31 | Report Abuse

yes expecting good results in coming announcement.The good order book will translate into good top and bottom line for the next few Qs.

Posted by chongkonghui > 2013-02-25 10:25 | Report Abuse

Excellent buying opportunity now?

Posted by value_man > 2013-02-25 13:40 | Report Abuse

Favco at RM1.57 is a steal. Buy before q4 and dividend announcement.

Posted by danchong > 2013-02-26 09:42 | Report Abuse

4Q results out. anyone any comments?

Posted by value_man > 2013-02-26 12:17 | Report Abuse

2012 Net profit: 61.7mil
2011 Net profit: 47.6mil
Delta: +14.1mil, +29.6%

2012 is the first time that Favco achieve 10+ million for every quarter.

2012 Dividend: 8 cent
2011 Dividend: 6 cent
Delta: +2 cent, +33.3%

Dividend Yield: 8/1.55 = 5.16%

Posted by tonylim > 2013-02-26 12:22 | Report Abuse

value, sorry what is delta again?

Posted by value_man > 2013-02-26 12:26 | Report Abuse

Dividend History:

2009: 4cents
2010: 5cents
2011: 6cents
2012: 8cents

Optimistically we predict dividend for 2013: 10cents

Dividend yield: 10/1.55 = 6.45%

Not bad what :)

Posted by danchong > 2013-02-26 12:27 | Report Abuse

value, are you happy with the results? are you worry about the 'The decrease in profit before tax is mainly contributed
by recognize of costs incurred.'?

Posted by value_man > 2013-02-26 13:39 | Report Abuse

Cost has gone up. We can only monitor to find out if it is a one off thing or a repeatable occurrence that might harm the business.

It is interesting to note that just 2 years back FAvco is making less than 10mil per quarter, now we are expecting nothing less than 20mil. :)

I believe they are working towards that. Let's observe and monitor their progress.

Posted by danchong > 2013-02-26 14:31 | Report Abuse

Thanks value. A good company should be able to pass the cost on to the end user and should not let the profit margin erode.

Posted by Yuzuki > 2013-02-26 14:39 | Report Abuse

i love FAT-Co hehehe ... this is a must have stock .... keeep