FAVELLE FAVCO BHD

KLSE (MYR): FAVCO (7229)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

1.70

Today's Change

0.00 (0.00%)

Day's Change

1.69 - 1.70

Trading Volume

47,700


6 people like this.

1,138 comment(s). Last comment by snowball2000 1 week ago

Posted by invest4tomoro > 2020-11-09 17:43 | Report Abuse

15 sen dividen coming ... ex date 12 Nov 2020

Johnmajor

252 posts

Posted by Johnmajor > 2020-11-12 12:24 | Report Abuse

any price below RM2.50 is good price to buy

Posted by BornToSpeculate > 2020-11-16 08:41 | Report Abuse

Any guidance on current QR ? Apart from the growing orderbook

cjm5555

107 posts

Posted by cjm5555 > 2020-11-24 17:09 | Report Abuse

Got my delicious dividend today :P

Patrick13

1,971 posts

Posted by Patrick13 > 2020-11-25 08:12 | Report Abuse

Q3 PBT is better than Q2 actually, but tax expense is extremely high (mainly arising from overseas subsidiaries) hence drag down the net profits. Cranes segment performance dip but total outstanding order books on hand still have RM511mil.

I am

487 posts

Posted by I am > 2020-11-25 09:57 | Report Abuse

Below RM2.5 is good price to in +1

Posted by Fundamentalist91 > 2020-12-03 17:19 | Report Abuse

I was hoping for the share to drop even more, but you can tell that no one wants to let go of a solid company like this, hence price hovers around RM2.15 to RM2.20 after the dividend collection, can't go any lower.

Well, long term I got no worries at all, even during this pandemic Favco should be effected but it is not. That's just how strong is it.

No debt.
Pile of cash that can buy any other business anytime.
Strong outstanding order book
Even analysts are putting a TP of RM3.0 for 3 quarters straight.
Dividend yield of 7%

stockraider

29,845 posts

Posted by stockraider > 2020-12-06 11:42 | Report Abuse

This is a good recovery play considering O&G sectors and crude prices starting to recover loh...!!

Posted by Johnmajor > Dec 6, 2020 11:38 AM | Report Abuse

Favco is a safe play for those who wants a stable investment. Recommend to accumulate at current pricing. Again, any price below RM2.50 is a good price to collect.

huat8787

389 posts

Posted by huat8787 > 2020-12-07 10:35 | Report Abuse

beneficial of high oil price?

Posted by Fundamentalist91 > 2020-12-08 12:22 | Report Abuse

I'm afraid there is something bad going on in Favco. Muhibbah Engineering (its parent company) seems to be siphoning cash from Favco as it is in heavy debt, if this is true, then it is really bad news.

This is what I quoted from an analyst.

"There is something worth scrutinisation for what going on with its 60% subsidiary, Favelle Favco (FF), which has been self-sufficient for years, even in this year pandemic, and in 2018 it was so cash-rich to acquire a business for 40m. But in 3Q, it suddenly borrowed 28m in loan. Based on FF past years’ cash flow, the last time FF has net borrowing (proceeds) was in 2009. Throughout 10 years, it has been on net repayment, suggesting it didnt borrow more than it repaid in any given year for 10 years until Q3 2020.

Well, FF investors ought to check if any substantial related party purchase from its holding company in the coming annual report. Perhaps some repackaged junk/shell to sell to FF for channelling money into holding company, Muhibbah. FF should expect to face legal proceeding from FF’s minority shareholder if that happens."

Taking into considerations -

1) Parent company Muhibbah siphoning money.
2) The after effect of Pandemic to developments.
3) Dividend payout that is still far away

I suggest we wait for Q4 result to further clarify before purchasing.

Gen2

222 posts

Posted by Gen2 > 2020-12-09 19:58 | Report Abuse

@Fundamentalist91, it might be DKK debt restructure, MYR debts not much different. Are you shareholders ? May email them for clarification.

stockraider

29,845 posts

Posted by stockraider > 2020-12-09 20:02 |

Post removed.Why?

huat8787

389 posts

Posted by huat8787 > 2020-12-11 09:12 | Report Abuse

Oil usd 50

huat8787

389 posts

Posted by huat8787 > 2020-12-23 16:57 | Report Abuse

O&G rocks

oneorange

43 posts

Posted by oneorange > 2020-12-23 20:51 | Report Abuse

this one seldom rock, only when near dividends?

davors

884 posts

Posted by davors > 2020-12-31 13:14 | Report Abuse

volume today so high pulak~

huat8787

389 posts

Posted by huat8787 > 2021-02-15 15:36 | Report Abuse

Undervalue oil counter

shearer202

1,550 posts

Posted by shearer202 > 2021-02-26 14:22 | Report Abuse

Perfect fundamentals but no body interested, this is bursa ! Volume is the lowest almost every trading day !

Posted by investortrader88 > 2021-02-26 15:57 | Report Abuse

my queue buy matched just now.good luck guys.

Zackmeiser

287 posts

Posted by Zackmeiser > 2021-03-04 22:37 | Report Abuse

Is there any truth to the siphoning money claims as stated above? I cannot find any legit details

huat8787

389 posts

Posted by huat8787 > 2021-03-08 10:35 | Report Abuse

O&G?

Keyman188

5,379 posts

Posted by Keyman188 > 2021-03-08 20:17 | Report Abuse

Really great great boost news...

Muhibbah Engineering is holding about 59% shareholding for this co.....

Very fortunate Keyman188 still holding Muhibbah share...cheers....

Posted by investortrader88 > 2021-03-08 21:46 | Report Abuse

@Keyman188.

bro u also hold this counter ?

Keyman188

5,379 posts

Posted by Keyman188 > 2021-03-08 21:48 | Report Abuse

Sorry to say that Keyman188 only holding parent company due to biz diversification & higher NTA...



Posted by investortrader88 > Mar 8, 2021 9:46 PM | Report Abuse 

@Keyman188.

bro u also hold this counter ?

Posted by investortrader88 > 2021-03-08 21:52 | Report Abuse

@keyman188.u r very wise bro.hold many good counters i saw

Keyman188

5,379 posts

Posted by Keyman188 > 2021-03-08 22:01 | Report Abuse

Diversification into different segmentation & sectors are the best choice but make sure few criteria:-

1) invest what you can understand

2) fundamental must be strong

3) shareholding must tie up with fund managers favourable stocks

4) like to catch falling knife with stage by stage (don't all in at the same price & same time)

5) Self-discipline, self-confidence & self-enrichment

6) FA 80% & TA 20%

Posted by investortrader88 > 2021-03-08 22:15 | Report Abuse

@Keyman188.agree with u bro..i also like good fundamental stocks & diversify portfolio.im a bit similiar to u.only my problem i dont have time to always monitor due to my work.i just queue if want to buy. i also like to buy good fundamental stock when it suddenly fall a few %.today managed to grab some gtronic.:):)

Keyman188

5,379 posts

Posted by Keyman188 > 2021-03-11 14:13 | Report Abuse

MIDF upgrades O&G sector to 'positive' on higher oil prices

(theedgemarkets.com / March 11, 2021 12:52 pm +08)

KUALA LUMPUR (March 11): MIDF Research has upgraded the oil and gas sector to "positive" as it sees the upstream and downstream sub-segments will benefit from the recent oil price rally.

Its analyst Noor Athila Mohd Razali said in a note today that the higher oil prices would benefit the sub-segments in terms of potential new contract awards, rising product prices and spread for downstream industry players.

“Despite the absence of revision in exploration and production (E&P) capital expenditure spending from the oil majors, we opine that the recovery narrative for the sector remains on track given that a more selected spending approach will result in a more sustained recovery and significant uptick in activities within the oil and gas sector is expected to take place in the second half of 2021.

In terms of dividend play, she recommended Favelle Favco Bhd (buy, TP: RM3) and Petronas Gas Bhd (buy, TP:RM17.90) as these companies have been registering not only stable recurring income but also consistent dividend payout for the past three years.


## https://www.theedgemarkets.com/article/midf-upgrades-og-sector-positiv...

bgt9963

571 posts

Posted by bgt9963 > 2021-03-11 14:21 |

Post removed.Why?

Keyman188

5,379 posts

Posted by Keyman188 > 2021-03-11 14:27 | Report Abuse

Great booster news...

Cheers...

stockraider

29,845 posts

Posted by stockraider > 2021-03-14 12:55 | Report Abuse

CAN BE A STRONG BUY WITH OIL PRICE UP LOH!

Posted by frleong2005 > 2021-03-26 06:49 | Report Abuse

When is next dividend due? Saw some report projected 21 CTS to be paid in November 2021. Any news regarding this dividend payment?

member41

3,718 posts

Posted by member41 > 2021-03-27 23:24 | Report Abuse

The 8c is first and FINAL

oneorange

43 posts

Posted by oneorange > 2021-04-05 18:56 | Report Abuse

8c first and final?
last year sec 15c right?

Posted by valueinvestor79 > 2021-05-08 12:49 | Report Abuse

O&G gaining momentum , PE should be at 15x which is RM3. need few months to get to that level. patience is the key .

lloydlim

3,596 posts

Posted by lloydlim > 2021-06-17 22:54 | Report Abuse

Favco@Industrial Persiaran Bunga Tanjung Duo ada case covid.

Posted by silly_crab > 2021-06-29 11:45 | Report Abuse

Best statement at the meeting today: "All shareholders are equal, were all Communists here". hahaha.

Posted by greatest94 > 2021-06-29 15:59 | Report Abuse

Notes from this morning AGM:

1. "175mil order intake ytd compared to 170mil order intake for last full year period"
2. "Permanent cost elimination, when revenue going back to pre-covid level, profitability will increase"
3. "Supplier increase price to us, we also increase price to the customers. The whole industry also doing the same"
4. "Hopefully will have more pipelines realised in the coming next few weeks"

Posted by BuyHoldForget > 2021-07-08 03:46 | Report Abuse

Anyone has the link to the AGM recording ? Thanks

Posted by investortrader88 > 2021-08-31 15:01 | Report Abuse

Top 25 shareholders own 80.86% of Favelle Favco Berhad


Muhibbah Engineering (M) Bhd.
58.61%

Ngan Mac
4.23%

Noriyati Hassan
2.95%

Mohamed bin Ibrahim
2.42%

Employees Provident Fund of Malaysia
1.63%

Hong Leong Asset Management Bhd
1.24%

Chung Mac
1.18%

Mazlan bin Abdul Hamid
1.03%

Harmony Effective Sdn Bhd
0.97%

Poh Lee
0.77%

Eastspring Investments (Singapore) Limited
0.72%

Neoh Choo Ee & Company Sdn Bhd
0.68%

Sen Ooi
0.61%

Public Mutual Berhad
0.41%

OREC Engineering Holdings Pty Ltd
0.4%

Suat Chin Koh
0.36%

DBS Group Holdings Limited, Asset Management Arm
0.35%

Chang Hock Teo
0.33%

Yong Churn Teoh
0.32%

Manulife Asset Management Services Berhad
0.32%

Keng Siew Chew
0.31%

Chung Mac
0.27%

Swee Pheng Lim
0.27%

Yap Jin
0.26%

Kah Yin Yoong
0.24%

Posted by risktoreward > 2021-09-09 11:04 | Report Abuse

enter favco 2.21

stockraider

29,845 posts

Posted by stockraider > 2021-09-09 11:14 | Report Abuse

Yes good buy

cylai

2 posts

Posted by cylai > 2021-09-27 15:58 | Report Abuse

Wind energy ++

Posted by risktoreward > 2021-09-28 15:20 | Report Abuse

Favco wants to break through

Posted by risktoreward > 2021-09-28 19:11 | Report Abuse

favco is bullish, must look here

Posted by risktoreward > 2021-10-12 21:55 | Report Abuse

The other o&g boys rush out of the gates.

Is ok we do a slow and steady jog, conserve stamina. Like the perennial tortoise vs hare

Post a Comment
Market Buzz