Tuesday, August 3, 2010

Favelle Favco up after units get RM106.4m jobs

KUALA LUMPUR: FAVELLE FAVCO BHD []'s share price rose on Tuesday, Aug 3 after its units secured RM106.4 million in orders to deliver tower cranes and offshore cranes.

At 9.45am, Favelle was up 5.5 sen to 89 sen with 35,000 shares traded.

"The contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending Dec 31, 2010 and beyond," Favelle said on Monday.


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