KUALA LUMPUR: The outlook for Favelle Favco Bhd
appears positive, as its recent contract wins signal a recovery for the oil and gas sector.
The company recently announced that its subsidiaries have secured eight purchase orders for offshore cranes, tower cranes, a compressor system, solar system and upgrading with a combined value of about RM121.1mil.
Following these wins, MIDF Research estimates that the group’s orderbook has risen to about RM637mil.
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