Quick take: New contract a boost for Favelle Favco
KUALA LUMPUR: Favelle Favco Bhd is on a stronger footing this morning after it secured tower crane contract worth RM78.3mil.
The counter, one of the top gainers on Bursa Malaysia, rose 1.83%, or five sen to RM2.70. In the past one year, it has appreciated 16.09%.
Favelle Favco has secured a total of six contracts for the supply of tower cranes, worth a cumulative RM78.3mil.
It said its wholly-owned subsidiaries, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd, had received the purchase orders from March 2019 up to the date of announcement.
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