【FAVCO 7229 交流专区】辉高

icy97

訂單穩定‧輝高優勢猶在

2014-10-15 16:39      
（吉隆坡15日訊）輝高（FAVCO,7229,主板工業產品組）訂單穩定，分析員看好業務展望。

該公司日前取得韓國現代重工業及SK機器的離岸起重機合約，兩者總值5千970萬令吉，9月也獲得1億1千900萬令吉的訂單，預計2015年將會完成這些合約。

目前，該公司的累積訂單增至9億1千600萬令吉。

MIDF研究說，該公司今年總共獲得4億3千490萬令吉訂單，連同現代重工業及SK機器的訂單算在內，未執行訂單總額為11億9千萬令吉。這些訂單主要是來自離岸油氣探勘和生產活動的油氣起重機的合約。

興業研究表示，起重機制造業的賺幅並不太高，但輝高在成本控制、為顧客提供利基定制起重機及交貨時間短，讓該公司在市場擁有一定的優勢。

“市場上部份油氣公司也準備更換大型設備以取代老化的設備，而輝高可生產大型的起重機為該公司帶來一定的優勢。”

興業研究表示，輝高股價雖然下滑，但基本面維持不變，認為可趁低吸納。

對比油氣領域14倍本益比，MIDF與業研究給予輝高較低的本益比後，皆保持輝高“買進”評級。



（星洲日報／財經‧報道：謝汪潮）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	180,325	177,704	585,174	507,046
2	Profit/(loss) before tax	30,687	22,048	83,805	51,533
3	Profit/(loss) for the period	21,627	21,187	57,876	42,227
4	Profit/(loss) attributable to ordinary equity holders of the parent	23,497	21,701	61,891	43,267
5	Basic earnings/(loss) per share (Subunit)	10.86	10.14	28.70	20.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.9900		1.8700

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Date of change	04/02/2015
Name	Tan Sri Dato' Seri Ahmad Ramli bin Haji Mohd Nor
Age	71
Nationality	Malaysian
Type of change	Redesignation
Previous Position	Non-Executive Director
New Position	Vice Chairman
Directorate	Independent & Non Executive
Qualifications	Tan Sri Dato' Seri Ahmad Ramli bin Haji Mohd Nor ("Tan Sri Dato'") is a graduate of Britannia Royal Naval College Dartmouth, the Indonesia Naval Staff College, the United States Naval War College and United States Naval Post-Graduate School in Monterey. Apart from his Naval Professional Qualification, he also holds a Master's Degree in Public Administration from Harvard University, USA.
Working experience and occupation	Tan Sri Dato' has a distinguished career with the Royal Malaysian Navy and retired as the Chief in 1999. He was appointed as an Independent Non-Executive Director of the Company on 5 May 2004 and member of the Audit Committee on 10 May 2004. He was further appointed as a member of the Nominating Committee on 18 January 2013.
Directorship of public companies (if any)	Affin Islamic Bank Berhad Boustead Heavy Industries Corporation Bhd
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	He holds 300,000 ordinary shares of RM0.50 each in Favelle Favco Berhad

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	212,721	257,139	797,895	764,185
2	Profit/(loss) before tax	28,491	28,455	112,296	79,988
3	Profit/(loss) for the period	26,136	22,768	84,012	64,995
4	Profit/(loss) attributable to ordinary equity holders of the parent	25,727	24,133	87,618	67,400
5	Basic earnings/(loss) per share (Subunit)	11.84	11.12	40.55	31.61
6	Proposed/Declared dividend per share (Subunit)	12.00	10.00	12.00	10.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1100		1.8700

icy97

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company") - Proposed First and Final Dividend
The Board of Directors of FFB is pleased to recommend a first and final tax exempt dividend of 24% (12 sen) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2014. The declaration of the first and final tax exempt dividend is subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting of the Company. The dividend entitlement and payment dates will be determined by the Board of Directors at a later date. This announcement is dated 26 February 2015.

icy97

券商買進心頭好．持10億訂單 輝高股息有看頭

財經股市2 Mar 2015 23:00

券商 ：興業證券研究
合理價：3.67令吉

輝高（FAVCO，7229，主要板工業）股息具吸引力，以及股價具18%上漲空間，促使我們維持“買進”評級。　

我們看好該公司未來派發的股息回酬，根據40%股息派發率，預計2015和2016財年，可分別達到5.3%和5.4%的誘人股息回酬。

配合業績宣布，該公司上週四（26日）建議派發每股12仙股息終期股息，符合我們的預測。

合約訂單而言，輝高截至2月20日已持有10億令吉訂單，大部分來自全球油氣領域，其他合約分別來自船廠、建築和風力發電領域。這些合約訂單足以讓該公司繁忙至2016年。

在持有眾多油氣合約之際，我們發現該公司來自我國、丹麥，美國及澳洲船廠的平均使用率達85%。

綜合上述因素，我們維持“買進”評級，根據2015財年10倍本益比，將目標價格從4.03令吉，調低至3.67令吉，提供18%成長空間。

輝高週一（2日）閉市掛3.13令吉，跌1仙，成交量25萬300股。【中国报财经】

icy97

輝高獲9項供應合約值8570萬

財經股市20 May 2015 23:35
（吉隆坡20日訊）輝高（FAVCO，7229，主要板工業）一口氣獲得9項提供起重機合約，總值8570萬令吉。

該公司向馬證交所報備指出，旗下獨資子公司包括Favelle Favco Cranes私人有限公司、Favelle Favco Cranes（馬）私人有限公司，以及Favelle Favco Cranes（美國）私人有限公司等接獲上述共9項意向書。

上述這些合約主要是以提供岸外起重機居多，並陸續于本財年第3季至2016財年第3季期間交貨。

報備文件顯示，上述合約的客戶包括沙布拉肯油（SKPETRO，5218，主要板貿易）子公司、布米亞馬大（ARMADA，5210，主要板貿易）子公司、南昌國際等等。【中国报财经】

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" of "the Company")ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes Pty. Limited and Favelle Favco Cranes (USA), Inc and Kroll Cranes A/S had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the months of March 2015, April 2015 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes (M) Sdn Bhd SapuraKencana HL Sdn Bhd Supply of Offshore Crane which is expected to be delivered by end of 2015 Favelle Favco Cranes (M) Sdn Bhd Bumi Armada Offshore Holdings Ltd Supply of Offshore Crane which is expected to be delivered by early of 2016 Favelle Favco Cranes (M) Sdn Bhd Nam Cheong International Ltd Supply of Offshore Crane which is expected to be delivered by second quarter of 2016 Favelle Favco Cranes Pte Ltd PVD Trading and Technical Services JSC Supply of Offshore Crane which is expected to be delivered by first quarter of 2016 Favelle Favco Cranes (M) Sdn Bhd Hyundai Heavy Industries Company Ltd Supply of Offshore Crane which is expected to be delivered by third quarter of 2016 Favelle Favco Cranes Pty. Limited Stride High Pty Ltd Supply of Tower Crane which is expected to be delivered by third quarter of 2015 Favelle Favco Cranes (USA), Inc TES, Inc Supply of Tower Crane which is expected to be delivered by end of 2015 Favelle Favco Cranes (M) Sdn Bhd EA Technique (M) Berhad Supply of Offshore Crane which is expected to be delivered by early of 2016 Kroll Cranes A/S Energy Solution Management Co., Ltd Supply of Tower Crane which is expected to be delivered by early of 2016 The approximate combined value of the above substantial orders secured amount to RM85.7 million. FINANCIAL EFFECTS The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2015 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts. DIRECTORS' STATEMENT The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB. This announcement is dated 20 May 2015.

icy97

買進券商心頭好．訂單總額增至11.2億 輝高業績出爐料可重估

財經股市21 May 2015 21:20

券商 ：MIDF證券研究
合理價：3.28令吉

輝高（FAVCO，7229，主要板工業）3月至今共獲得8570萬令吉訂單，涵蓋岸外起重機和塔式起重機，但相較去年上半年數額下滑53%。

該公司截至2月20日，累計訂單數額達10億3000萬令吉，再加上述提及新訂單，料新訂單總額約11億2000萬令吉。這些訂單主要包括岸外油氣勘探和生產活動使用的油氣起重機，其余則是源自船廠、建築和風力發電機領域。

過去2個月，輝高股價都在介于2.69令吉到2.93令吉之間交易，加上目前國際油價持穩在每桶60美元至70美元（約216至252令吉），相信離岸勘探活動仍維持失色表現。

至于主要產油公司都保持謹慎看法，使勘探合約吃緊，因此估計新訂單流將放緩。

相較去年同期，新合約訂單從1億8610萬令吉，減少53.9%至8570萬令吉。我們仍維持“買進”評級，但下調合理價至3.28令吉。該公司預計在來周公布最新業績，到時將會重估預測和評級。

輝高周四（21日）以2.85令吉開市，休市報2.86令吉，起2仙；該股閉市報2.86令吉，起2仙，成交量9萬9000股。【中国报财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	191,964	156,088	191,964	156,088
2	Profit/(loss) before tax	29,686	16,979	29,686	16,979
3	Profit/(loss) for the period	22,664	10,264	22,664	10,264
4	Profit/(loss) attributable to ordinary equity holders of the parent	22,497	12,006	22,497	12,006
5	Basic earnings/(loss) per share (Subunit)	10.34	5.58	10.34	5.58
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.2000		2.1100

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EX-date	01 Sep 2015
Entitlement date	03 Sep 2015
Entitlement time	05:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	A first and final tax exempt dividend of 24% (12 sen) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2014
Period of interest payment	to
Financial Year End	31 Dec 2014
Share transfer book & register of members will be	03 Sep 2015   to   03 Sep 2015 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR SERVICES SDN BHD (.)Level 17, The Gardens North TowerMid Valley City, Lingkaran Syed Putra59200Kuala LumpurTel:0322643883Fax:0322821886
Payment date	11 Sep 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	03 Sep 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.1200

icy97

今年營收料增10.3%‧輝高有望獲更多合約

2015-07-24 17:26      
（吉隆坡23日訊）輝高（FAVCO，7229，主板工業產品組）今年5月為止攫取8千570萬令吉新工程合約，使手握工程合約達9億6千700萬令吉；分析員認為，隨著目前原油價格已趨穩定，預料該公司今年下半年有望取得更多新合約，為市場帶來驚喜。

無論如何，肯納格研究表示，預料輝高今年全年新合約數額將比去年少，因油氣業成長放緩、大資本油氣公司大肆減少資本開銷所致。

該行指出，若在2015年的工程合約完成率60%為准，預料2015年營業額按年增長10.3%至8億7千980萬令吉，2016年營業額則略為下跌至8億5千320萬令吉。

輝高從美元兌馬幣匯率走高中受惠有限，因該公司採取偏高的護盤對衝行動。雖然其逾50%銷售訂單是以美元為單位，惟其中約60%獲得護盤對衝，所以美元匯率走高仰制其外匯盈利機會。

過去5年來，輝高每年股息派發率達28%，若今明兩年保持不變，將使它們的週息率分別達4.1%及3.9%，特別是該公司在2015年首季的淨現金情況達到1億8千500萬令吉，及營運活動也帶健全的現金流。

該行指出，若以2016年財政年預測本益比8倍為准，輝高的合理價為3令吉11仙，或是落在小資本油氣股平均本益比7至10倍之間，或比其5年平均7.0倍略高。若該公司取得新合約則為市場帶來驚喜。（星洲日報／財經‧報導：李文龍）

icy97

辉高获5280万订单

财经新闻 财经  2015-08-04 11:42
（吉隆坡3日讯）辉高（FAVCO，7229，主板工业产品股）旗下4家独资子公司，共取得总值5280万令吉订单。

根据文告，获得的订单包括提供岸外起重机（Offshore Crane）和塔吊起重机（Tower Crane），分别会在今年第三季至明年杪内交货。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (USA), Inc, Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes Pty. Limited and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the months of June 2015, July 2015 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes (USA), Inc TES, Inc Supply of Tower Crane which is expected to be delivered by early of 2016 Favelle Favco Cranes Pte Ltd Keppel Fels Limited Supply of Offshore Crane which is expected to be delivered by end of 2016 Favelle Favco Cranes Pty. Limited Stride High Pty Ltd Supply of Tower Crane which is expected to be delivered by third quarter of 2015 Favelle Favco Cranes (M) Sdn Bhd Avantgarde Petroleum Supply of Offshore Crane which is expected to be delivered by early of 2016 The approximate combined value of the above substantial orders secured amount to RM52.8 million. FINANCIAL EFFECTS The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2015 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts. DIRECTORS' STATEMENT The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB. This announcement is dated 3 August 2015.

icy97

輝高新合約降4年新低‧週息率料仍破4%

2015-08-04 16:43      
（吉隆坡4日訊）油氣業低迷，輝高（FAVCO，7229，主板工業產品組）新合約總值寫下4年新低，惟分析員仍看好其週息率繼續突破4%，無意調低“買進”評級。

輝高週一獲得4項總值5千280萬令吉的供應合約。根據文告，該公司獲得塔式起重機及離岸起重機各兩項，預期2015年第三季及明年初完成。

MIDF研究表示，開年至今，該公司僅獲得1億3千850萬令吉新合約，不僅遠低於去年同期的2億5千530萬令吉，也是2010年以來的最低水平。

不過，分析員認為，目前油氣領域低迷，因此該公司的新補給合約總值仍符合預期，並處於“良好”水平。

該行預計，包括上述新合約，該公司未執行訂單提高到9億至9億5千萬令吉。

MIDF指出，雖然輝高今年至今多徘徊於2令吉65仙至2令吉93仙左右，但他們仍基於低估值和高股息而維持“買進”評級，目標價是3令吉30仙。

該行補充，輝高的目標價是以2016財政年每股淨利41.3仙的8倍本益比為準。

該行以淨現金水平和資本開銷少於1千萬令吉為準估計，看好該公司有望在今明兩個財政年維持4%以上週息率。（星洲日報／財經）


辉高 周息率续破4%
财经 股市 行家论股  2015-08-05 10:54
http://www.nanyang.com/node/715709?tid=462

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	207,399	248,761	399,363	404,849
2	Profit/(loss) before tax	26,895	36,139	56,581	53,118
3	Profit/(loss) for the period	16,508	25,985	39,172	36,249
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,586	26,388	39,083	38,394
5	Basic earnings/(loss) per share (Subunit)	7.61	12.25	17.95	17.83
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.1800		2.1100

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	202,820	180,325	571,649	585,174
2	Profit/(loss) before tax	40,438	30,687	97,019	83,805
3	Profit/(loss) for the period	30,985	21,627	70,157	57,876
4	Profit/(loss) attributable to ordinary equity holders of the parent	31,175	23,497	70,258	61,891
5	Basic earnings/(loss) per share (Subunit)	14.27	10.86	32.23	28.70
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.4100		2.1100

icy97

未來股息收益吸引 輝高漲28仙晉上升股榜
  
2015年11月25日
（吉隆坡25日訊）輝高（FAVCO，7229，主要板工業）第3季盈利增32%帶動股價上揚並列入10大上升股榜，不過券商指扣除匯率收益后公司盈利下滑71%，而首9個月盈利也遜于預期，因此下調估值。

輝高以2.53令吉開市，早盤最高漲19仙上探2.60令吉，休市報2.58令吉，起17仙，為10大上升股之一。閉市時，該股報2.69令吉，漲28仙，成交量71萬9300股。

維持“買進”評級

該公司第3季盈利按年增31.9%至3100萬令吉，扣除匯率收益的盈利表現按年跌71%，達690萬令吉，使累積9個月盈利表現低于市場預期。

MIDF證券研究指出，輝高截至今年11月18日的訂單數額達7億7600萬令吉，主要是供岸外油氣勘探活動的起重機。至于其他訂單，則源自造船廠、建築和風力渦輪機領域。

“我們將輝高2015和2016財年盈利預測，分別下修13.8%和10.1%。相較去年同期，現有訂單數額低了29%，因此也將該公司2016財年新訂單數額預測，從10億令吉下調至9億令吉。”

該行仍維持輝高“買進”評級，這是基于該股股息收益具吸引力，儘管盈利表現持平，估計今年和明年的股息收益可超過4%，但把目標價下修至2.87令吉。上述預測，是根據該公司的淨現金以及少于1000萬令吉的低資本開銷需求進行估算。【中国报财经】

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輝高共獲6400萬合約
  
2016年1月19日
（吉隆坡19日訊）輝高（FAVCO，7229，主要板工業）宣布，截至2015年12月至今，公司共獲得6項合約訂單，總值約6400萬令吉。

該公司向馬證交所報備，旗下3家子公司共獲得6項合約。其中輝高起重機（大馬）私人有限公司獲3項合約，主要供應岸外起重機和塔式起重機，分別在今年次季、第3季和末季交付。

此外，輝高起重機（美國）公司有一項供應岸外起重機合約，料于今年第3季交付。

輝高起重機私人有限公司接獲2項合約都是供應塔式起重機，並在次季交付。

對此，輝高相信上述合約將正面貢獻2016財年和日后盈利表現。【中国报财经】

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes (USA), Inc. and Favelle Favco Cranes Pty. Limited had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the month of December 2015 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes (M) Sdn Bhd SapuraKencana Energy Sarawak Inc Supply of Offshore Crane which is expected to be delivered by third quarter of 2016 Favelle Favco Cranes (USA), Inc TES, Inc Supply of Tower Crane which is expected to be delivered by third quarter of 2016 Favelle Favco Cranes Pty. Limited Stride High Pty Ltd Supply of Tower Crane which is expected to be delivered by second quarter of 2016 Favelle Favco Cranes Pty. Limited Brookfield Multiplex Constructions Pty Ltd Supply of Tower Crane which is expected to be delivered by second quarter of 2016 Favelle Favco Cranes (M) Sdn Bhd Samsung C&T Corporation UEM Construction JV Sdn Bhd Supply of Tower Crane which is expected to be delivered by second quarter of 2016 Favelle Favco Cranes (M) Sdn Bhd PTT Exploration and Production Public Company Limited Supply of Offshore Crane which is expected to be delivered by end of 2016 The approximate combined value of the above substantial orders secured amount to RM64.0 million. FINANCIAL EFFECTS The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2016 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts. DIRECTORS' STATEMENT The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB. This announcement is dated 19 January 2016.

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辉高 订单3季内耗尽

财经 股市 行家论股  2016-01-21 11:50

目标价：2.87令吉

最新进展
辉高（FAVCO，7229，主板工业产品股）3家独资子公司，获得6项总值约6400万令吉的订单，提供岸外和塔吊起重机，从今年次季开始陆续交货。

这6家顾客为沙肯能源砂拉越公司、TES、Stride High公司、Brookfield Multiplex建筑公司、三星C&T机构UEM建筑联营公司，以及PTT勘探和生产公司。

行家建议
这是辉高今年的首批起重机订单，目前手持7亿5000万令吉的订单，可在3个季度内就耗尽。

自去年11月来，股价已经大涨29.5%，也达到我们2.87令吉的目标价。

我们认为，目前该公司缺乏可立即推高估值的催化剂，上涨空间有限，因此将评级从“买入”，下调至“中和”评级。

同时，2.87令吉的目标价，是根据2016财年35.9仙的每股净利，以及8倍本益比来计算。

建议投资者继续投资在辉高，以享有3.8%的周息率。



分析：MIDF 投行研究

【南洋网财经】

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	220,782	212,721	792,431	797,895
2	Profit/(loss) before tax	21,255	17,533	118,274	101,338
3	Profit/(loss) for the period	23,709	26,136	93,866	84,012
4	Profit/(loss) attributable to ordinary equity holders of the parent	24,448	25,727	94,706	87,618
5	Basic earnings/(loss) per share (Subunit)	11.14	11.84	43.40	40.55
6	Proposed/Declared dividend per share (Subunit)	15.00	12.00	15.00	12.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.5000		2.1100

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Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")- Proposed First and Final Dividend
The Board of Directors of FFB is pleased to recommend a first and final tax exempt dividend of 30% (15 sen) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2015. The declaration of the first and final tax exempt dividend is subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting of the Company. The dividend entitlement and payment dates will be determined by the Board of Directors at a later date. This announcement is dated 25 February 2016.