KLSE (MYR): FAVCO (7229)
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Last Price
1.86
Today's Change
+0.01 (0.54%)
Day's Change
1.85 - 1.92
Trading Volume
20,500
Market Cap
437 Million
NOSH
235 Million
Avg Volume (4 weeks)
305,357
4 Weeks Range
1.73 - 1.99
4 Weeks Price Volatility (%)
52 Weeks Range
1.50 - 3.30
52 Weeks Price Volatility (%)
Previous Close
1.86
Open
1.89
Bid
1.86 x 8,800
Ask
1.91 x 1,000
Day's Range
1.85 - 1.92
Trading Volume
20,500
Latest Quarter | Ann. Date
31-Dec-2022 [#4] | 21-Feb-2023
Next QR | Est. Ann. Date
31-Mar-2023 | 26-May-2023
T4Q P/E | EY
11.70 | 8.55%
T4Q DY | Payout %
2.59% | 30.30%
T4Q NAPS | P/NAPS
3.01 | 0.62
T4Q NP Margin | ROE
7.19% | 5.28%
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL ENGINEERING
Subsector: INDUSTRIAL ENGINEERING
Description:
avelle Favco Berhad is an investment holding company. The Company's product line consists of heavy lift Offshore, Tower, Wharf and Crawler Cranes. Its tower cranes include Kroll cranes, which are heavy lifting electric hammerhead cranes, and Favelle Favco cranes, which are high speed diesel hydraulic luffing cranes. The Company offers two main series, which include rope luffing and ram luffing set-ups. Its crawler cranes include lattice boom and telescopic boom. Its wharf cranes include level luffing bulk handling cranes. It offers both luffing and hammerhead cranes with diesel hydraulic and electric setups. It operates through Inside Malaysia and Outside Malaysia segments.
Before the dividend announcement, this forum only has 3-5 comments every week. After the 85 cent dividend, everyone, uncle and auntie from Facebook came to comment here. Simple, because they missed out.
2022-05-10 12:26
That type of people is just like up afraid of fox, down also afraid of tiger, best keep in Bank or no bullets already. Of course there must be loser depends on your entry point and targets of operator.
2022-05-10 13:25
if many ppl buy, price will down. if no ppl buy, price will up lo...
2022-05-10 19:04
In my view, I think FAVCO is a good company with solid business. I was a shareholder. However, after 85 sen is distributed, it will effectively become a company which is without surplus cash (after balance cash is netted against borrowings). However, given its track record of past performance, it should not have problem obtaining financing from banks. Would like to hear from anyone with a different view. Please enlighten. TQ.
2022-05-11 10:24
Esos lagi coupled with US index seems down trend, not easy to win even in other stocks, bumper road ahead.
2022-05-12 18:00
Since tomorrow is ex-date for dividen, tomorrow price should open low -RM0.85, OPEN price should at rm2.41 if refer to current price rm3.26. Correct me if im wrong
2022-05-24 14:06
When Director is selling / buying with insider information, Bursua/SC should scrutinise the transactions!!!
2022-05-27 09:53
already told u all last time sell son Favco swap to mother Muhibbah cos all the Favco cash transferred to Muhibbah
2022-05-27 09:59
Hi hi, cannot trap me, i already know before ex date and sold before ex date as the chart with flat top depicts operator not going to push (as i entered second time at above rm3.20) and also afraid majority shareholders would sell and let you no chance to escape since Muhibbah need fund (opinion).
2022-05-27 10:09
based on my past experience, when a common owner move money from company X to company Y, means he is shifting attention from X to Y. The smart move is Sell X swap to Buy Y.
in this case, X is Favco, Y is Muhibbah.
2022-05-27 10:10
But you need to know why Muhibbah need fund ??? Is Muhibbah doing any job of Sapura energy since in trouble???
2022-05-27 10:16
@snowball2000
110 posts
Posted by snowball2000 > 3 hours ago | Report Abuse
When Director is selling / buying with insider information, Bursua/SC should scrutinise the transactions!!!
________
Fake account like serb also not a big deal , what more u want expect our sleeping beauty !
2022-05-27 13:11
Like cantonese people always says " where got such huge toad waiting for catching on the street " ?? Use your brain to think twice before staying in VIP room permanently !
2022-05-27 13:11
Considering serb and other irregularities in the market, this starts to feel like a SCAM.... :(((
2022-05-27 17:01
recession coming, favco is very very vulnerable because it has net cash 0! all already taken out
2022-06-20 16:04
Ex-dividend price should have been 2.40 (3.25 - 0.85)... It drops non-stop since going ex-div, really scary......
2022-06-21 12:19
Confirmation of direction by end Aug 2022 with next quarterly announcement...
2022-07-04 10:40
QR is better than my expectation... However, cash position turned from +182mil to -37mil. Interest income will go down while interest expense is expected to rise...
2022-08-26 12:35
There may be impact on the company's ability to take on big project as well...
2022-08-26 12:35
wallstreetrookie
Where were they before the dividend announcements?
2022-05-10 12:25