Johnmajor 255 posts | Posted by Johnmajor > Nov 12, 2020 12:24 PM | Report Abuse any price below RM2.50 is good price to buy |
BornToSpeculate 439 posts | Posted by BornToSpeculate > Nov 16, 2020 8:41 AM | Report Abuse Any guidance on current QR ? Apart from the growing orderbook |
cjm5555 107 posts | Posted by cjm5555 > Nov 24, 2020 5:09 PM | Report Abuse Got my delicious dividend today :P |
Patrick13 1971 posts | Posted by Patrick13 > Nov 25, 2020 8:12 AM | 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. |
deactivated 487 posts | Posted by deactivated > Nov 25, 2020 9:57 AM | Report Abuse Below RM2.5 is good price to in +1 |
Fundamentalist91 105 posts | Posted by Fundamentalist91 > Dec 3, 2020 5:19 PM | 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% |
Johnmajor 255 posts | 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. |
stockraider 31553 posts | Posted by stockraider > Dec 6, 2020 11:42 AM | 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. |
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huat8787 389 posts | Posted by huat8787 > Dec 7, 2020 10:35 AM | Report Abuse beneficial of high oil price? |
Fundamentalist91 105 posts | Posted by Fundamentalist91 > Dec 8, 2020 12:22 PM | 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 250 posts | Posted by Gen2 > Dec 9, 2020 7:58 PM | Report Abuse @Fundamentalist91, it might be DKK debt restructure, MYR debts not much different. Are you shareholders ? May email them for clarification. |
stockraider 31553 posts | Posted by stockraider > Dec 9, 2020 8:02 PM | Post removed. Why? |
huat8787 389 posts | Posted by huat8787 > Dec 11, 2020 9:12 AM | Report Abuse Oil usd 50 |
yfchong 5741 posts | Posted by yfchong > Dec 11, 2020 11:33 AM | Report Abuse Ok lah |
huat8787 389 posts | Posted by huat8787 > Dec 23, 2020 4:57 PM | Report Abuse O&G rocks |
oneorange 43 posts | Posted by oneorange > Dec 23, 2020 8:51 PM | Report Abuse this one seldom rock, only when near dividends? |
davors 889 posts | Posted by davors > Dec 31, 2020 1:14 PM | Report Abuse volume today so high pulak~ |
huat8787 389 posts | Posted by huat8787 > Feb 15, 2021 3:36 PM | Report Abuse Undervalue oil counter |
shearer202 1550 posts | Posted by shearer202 > Feb 26, 2021 2:22 PM | Report Abuse Perfect fundamentals but no body interested, this is bursa ! Volume is the lowest almost every trading day ! |
investortrader88 3228 posts | Posted by investortrader88 > Feb 26, 2021 3:57 PM | Report Abuse my queue buy matched just now.good luck guys. |
Zackmeiser 309 posts | Posted by Zackmeiser > Mar 4, 2021 10:37 PM | 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 > Mar 8, 2021 10:35 AM | Report Abuse O&G? |
greatest94 39 posts | Posted by greatest94 > Mar 8, 2021 6:57 PM | Report Abuse https://www.thestar.com.my/business/business-news/2021/03/08/favelle-favco-secures-offshore-crane-orders-worth-rm1014mil |
investortrader88 3228 posts | Posted by investortrader88 > Mar 8, 2021 8:09 PM | Report Abuse https://www.theedgemarkets.com/article/crane-maker-favelle-favco-secures-offshore-and-tower-crane-orders-worth-rm1014m |
Keyman188 5968 posts | Posted by Keyman188 > Mar 8, 2021 8:17 PM | 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.... |
investortrader88 3228 posts | Posted by investortrader88 > Mar 8, 2021 9:46 PM | Report Abuse @Keyman188. bro u also hold this counter ? |
Keyman188 5968 posts | Posted by Keyman188 > Mar 8, 2021 9:48 PM | 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 ? |
investortrader88 3228 posts | Posted by investortrader88 > Mar 8, 2021 9:52 PM | Report Abuse @keyman188.u r very wise bro.hold many good counters i saw |
Keyman188 5968 posts | Posted by Keyman188 > Mar 8, 2021 10:01 PM | 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% |
investortrader88 3228 posts | Posted by investortrader88 > Mar 8, 2021 10:15 PM | 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 5968 posts | Posted by Keyman188 > Mar 11, 2021 2:13 PM | 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-positive-higher-oil-prices |
bgt9963 572 posts | Posted by bgt9963 > Mar 11, 2021 2:21 PM | Post removed. Why? |
Keyman188 5968 posts | Posted by Keyman188 > Mar 11, 2021 2:27 PM | Report Abuse Great booster news... Cheers... |
stockraider 31553 posts | Posted by stockraider > Mar 14, 2021 12:55 PM | Report Abuse CAN BE A STRONG BUY WITH OIL PRICE UP LOH! |
frleong2005 75 posts | Posted by frleong2005 > Mar 26, 2021 6:49 AM | 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 3718 posts | Posted by member41 > Mar 27, 2021 11:24 PM | Report Abuse The 8c is first and FINAL |
oneorange 43 posts | Posted by oneorange > Apr 5, 2021 6:56 PM | Report Abuse 8c first and final? last year sec 15c right? |
valueinvestor79 25 posts | Posted by valueinvestor79 > May 8, 2021 12:49 PM | 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 3917 posts | Posted by lloydlim > Jun 17, 2021 10:54 PM | Report Abuse Favco@Industrial Persiaran Bunga Tanjung Duo ada case covid. |
silly_crab 4 posts | Posted by silly_crab > Jun 29, 2021 11:45 AM | Report Abuse Best statement at the meeting today: "All shareholders are equal, were all Communists here". hahaha. |
greatest94 39 posts | Posted by greatest94 > Jun 29, 2021 3:59 PM | 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" |
BuyHoldForget 2 posts | Posted by BuyHoldForget > Jul 8, 2021 3:46 AM | Report Abuse Anyone has the link to the AGM recording ? Thanks |
investortrader88 3228 posts | Posted by investortrader88 > Aug 31, 2021 3:01 PM | 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% |
risktoreward 990 posts | Posted by risktoreward > Sep 9, 2021 11:04 AM | Report Abuse enter favco 2.21 |
stockraider 31553 posts | Posted by stockraider > Sep 9, 2021 11:14 AM | Report Abuse Yes good buy |
cylai 2 posts | Posted by cylai > Sep 27, 2021 3:58 PM | Report Abuse Wind energy ++ |
risktoreward 990 posts | Posted by risktoreward > Sep 28, 2021 3:20 PM | Report Abuse Favco wants to break through |
risktoreward 990 posts | Posted by risktoreward > Sep 28, 2021 7:11 PM | Report Abuse favco is bullish, must look here |
risktoreward 990 posts | Posted by risktoreward > Oct 12, 2021 9:55 PM | 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 |
freddiehero 16715 posts | Posted by freddiehero > Oct 12, 2021 10:00 PM | Report Abuse after 2.40 it call lit up |