Friday, May 20, 2011

Favelle Favco rises on new jobs

KUALA LUMPUR: FAVELLE FAVCO BHD [] shares rose on Friday, May 20 after it secured four contracts totaling RM50.30 million to build tower cranes for four clients.

At 9.05am, Favelle was up five sen to RM1.45 with 25,000 shares traded.

Its contract was to build an offshore crane for Keppel Fels Ltd and Cosco (Nantong) Shipyard Co., Ltd.

The other two contracts were with Backam Engineering Corp and Form 700 Pty Ltd to supply a tower crane each.


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