【FAVCO 7229 交流专区】辉高

icy97

辉高财报亮丽

二零一四年三月三十日 晚上八时十六分
（吉隆坡30日讯）辉高有限公司（FAVCO，7229，工业产品组）公布，在截至2013年12月31日止财政年度，所取得的税前利润按年从6668万令吉上升至7999万令吉。

而营业额则由前期的6亿9675万令吉晋至7亿6419万令吉。

另一方面，该集团在第4季度中，所取得的税前利润按年从1095万令吉猛涨1.6倍至2846万令吉。

至于营业额则由前期的1亿7165万令吉激增至2亿5714万令吉。【光华日报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2013	31/12/2012	31/12/2013	31/12/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	257,139	171,647	764,185	696,747
2	Profit/(loss) before tax	28,455	10,945	79,988	66,684
3	Profit/(loss) for the period	22,768	13,343	64,995	61,155
4	Profit/(loss) attributable to ordinary equity holders of the parent	24,133	13,118	67,400	61,746
5	Basic earnings/(loss) per share (Subunit)	11.12	6.67	31.61	33.64
6	Proposed/Declared dividend per share (Subunit)	10.00	8.00	10.00	8.00
		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 ($$)	1.8500		1.6100

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 20% (10 sen) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2013. 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 2014.

icy97

輝高獲9800萬合約

企業財經6 May 2014 20:50
（吉隆坡6日訊）輝高（FAVCO，7229，主要板工業）宣布，子公司獲得6項總值9800萬令吉岸外和塔式起重機訂單。

這些下訂公司分別來自新加坡、泰國、中國、印尼和澳洲，包括 Keppel Fels有限公司、泰國Nippon Steel和Sumikin工程与建築公司、中國招商工業、PT Megatama和Marr Contracting有限公司。

上述訂單交付期將介于2014年次季至2015年底。這些合約將積極貢獻輝高盈利和淨資產。【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 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 March 2014, April 2014 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes Pte Ltd Keppel Fels Limited Supply of OffshoreCrane which is expected to be delivered from early of 2015 to end of 2015 Favelle Favco Cranes Pty. Limited Marr Contracting Pty Ltd Supply of Tower Crane which is expected to be delivered by second quarter of 2014 Favelle Favco Cranes (M) Sdn Bhd Thai Nippon Steel & Sumikin Engineering & Construction Corp., Ltd. Supply of OffshoreCrane which is expected to be delivered from early of 2015 to second quarter of 2015 Favelle Favco Cranes (M) Sdn Bhd China Merchants Heavy Industry (Shenzhen) Co Ltd Supply of OffshoreCrane which is expected to be delivered by third quarter of 2015 Favelle Favco Cranes (M) Sdn Bhd China Merchants Heavy Industry (Jiangsu) Co Ltd Supply of OffshoreCrane which is expected to be delivered by third quarter of 2015 Favelle Favco Cranes (M) Sdn Bhd PT. Megatama Internal Supply of OffshoreCrane which is expected to be delivered by end of 2014 The approximate combined value of the above substantial orders secured amount to RM98.0 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 2014 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 6 May 2014.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2014	31/03/2013	31/03/2014	31/03/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	156,088	163,634	156,088	163,634
2	Profit/(loss) before tax	16,979	14,746	16,979	14,746
3	Profit/(loss) for the period	10,264	10,317	10,264	10,317
4	Profit/(loss) attributable to ordinary equity holders of the parent	12,006	10,479	12,006	10,479
5	Basic earnings/(loss) per share (Subunit)	5.58	4.94	5.58	4.94
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 ($$)	1.9200		1.8700

icy97

FAVELLE FAVCO BERHAD

EX-date	13/08/2014
Entitlement date	15/08/2014
Entitlement time	05:00:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	A first and final tax exempt dividend of 20% (10 sen) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2013
Period of interest payment	to
Financial Year End	31/12/2013
Share transfer book & register of members will be	15/08/2014 to 15/08/2014 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel no.:03-22643883 Fax no.:03-22821886
Payment date	25/08/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	15/08/2014
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	0.1

icy97

輝高獲5合約總值6920萬

財經1 Jul 2014 23:00
（吉隆坡1日訊）輝高（FAVCO，7229，主要板工業）旗下3家子公司在6月間，一共接獲6920萬令吉訂單。

輝高今日向馬證交所報備指出，旗下輝高吊機大馬私人有限公司、輝高吊機（美國）公司及Kroll吊機A/S獲5家公司頒發今年6月的訂單，訂單內容為提供岸上和塔式起重機。

報備文告指出，輝高吊機大馬私人有限公司一共獲得3項岸上起重機供應合約，其中兩項料在2015年次季交付，另一項合約將在2015年次季至末季之間交付。

同時，輝高吊機（美國）公司獲得塔式起重機供應訂單，料在2015年次季交貨。另一家同樣獲得塔式起重機供應合約，料在2015年初交付。

這些合約料將在本財年12月底起貢獻輝高盈利和淨資產，董事與主要股東並沒有從這些合約中，直接或間接獲任何益處。【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 Kroll Cranes A/S had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the month of June 2014 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 Jason Offshore Equipment Co., Ltd. Supply of OffshoreCrane which is expected to be delivered from second quarter of 2015 to end of 2015 Favelle Favco Cranes (M) Sdn Bhd Pipavav Defence and Offshore Engineering Company Limited Supply of Offshore Crane which is expected to be delivered by second quarter of 2015 Favelle Favco Cranes (M) Sdn Bhd Nam Cheong International Ltd Supply of OffshoreCrane which is expected to be delivered by second quarter of 2015 Favelle Favco Cranes (USA), Inc TES, Inc Supply of Tower Crane which is expected to be delivered by second quarter of 2015 Kroll Cranes A/S Westcon Yards AS Supply of Tower Crane which is expected to be delivered by earlyof 2015 The approximate combined value of the above substantial orders secured amount to RM69.2 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 2014 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 1 July 2014.

icy97

輝高握11.8億訂單‧91%來自油氣業

2014-07-22 16:51      
（吉隆坡22日訊）輝高（FAVCO,7229,主板工業產品組）在利基定制起重機市場佔據領先位置，分析員認為在高油價和岸外市場發展迅速之下，起重機領域前景良好，而公司估值遭到低估，將是投資者曝露石油與天然氣領域的可負擔目標。

MIDF研究表示，利基定制起重機市場快速增長，而輝高正處於領先地位。

目前，其高達89%銷售源自海外，而今年為止，其成功取得2億5千500萬令吉新訂單，令現有訂單量達到11億8千200萬令吉，其中91%訂單來自石油與天然氣領域。

“鑽機使用率向來視作岸外支援船艦市場指標，也可能反映起重機制造與組裝等岸外相關服務需求，我們相信在高油價和蓬勃岸外市場發展下，起重機領域前景料依舊良好。”

從2009至2013年，輝搞累積年盈利增長率達到18.5%，淨賺益也從5%擴大至近10%，主要歸功於良好的產品組合和售後服務與零件供應等增值服務拉動。

派息率不俗

另一方面，MIDF研究指出，輝高雖未定下正式的股息政策，但公司卻不間斷派息，自2009年起，其派息率介於淨利的23至32%，未來若公司維持現高於30%淨利派息水平，相信可為投資者帶來年均3%的週息率。

“輝高自2006年8月上市以來，平均本益比為8.8倍，現有11.2倍本益比也遠低於富時小資本指數的14.3倍，而集團更是投資者進軍平均本益比達14至16倍的中小型油公司的最佳代表，因此整體估值遭達低估。”

該證券行說，雖然輝高未來12個月回酬水平不足以給予“買進”，僅獲得“中和”評級，目標價為3令吉81仙，但建議現持有集團股票的投資者保持或增加持股，主要是其基本面強穩、岸外起重機制造市場前景正面，以及合理週息率。（星洲日報／財經‧報道：洪建文）

blackdove88

想請問 2013 年報中的 Current Liabilities 有 : Amount due to contract customers  234,956,000.
請問這筆錢是真的存在嗎,只不過放在Liabilities內? 並且CASH ON HAND是另外的,並不包括在內?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1646677

@williamnkk81

blackdove88

想請問 2013 年報中的 Current Liabilities 有 : Amount due to contract customers  234,956,000.請問它是DEBT嗎? 當我算DEBT RATIO 時,應該把它算進去嗎?

blackdove88

我在2007 年報找到解釋(P.73) :
Where progress billings exceed the aggregate amount due from contract customers plus attributable profits less foreseeable losses, the net credit balance on all such contracts is shown as amount due to contract customers as part of the total current liabilities in the balance sheet.

但是還是不明白, 請問各位大大是否可以提點一下? 感激不盡....

williamnkk81

blackdove88 发表于 18-8-2014 10:23 PM
想請問 2013 年報中的 Current Liabilities 有 : Amount due to contract customers  234,956,000.
請問這 ...

當然是分開的咯。。。如果是一樣的就會放在一起咯。。。

williamnkk81

blackdove88 发表于 19-8-2014 09:20 AM
想請問 2013 年報中的 Current Liabilities 有 : Amount due to contract customers  234,956,000.請問它是 ...

都講是在短期債務的。。。 當然是債務來的咯。。。。

williamnkk81

blackdove88 发表于 22-8-2014 09:06 AM
我在2007 年報找到解釋(P.73) :
Where progress billings exceed the aggregate amount due from contract ...

公司是分階段給費用的。。。 所以那些應該要給的費用扣除盈利。。都要放在債務咯。。。。

blackdove88

williamnkk81 发表于 22-8-2014 08:37 PM
公司是分階段給費用的。。。 所以那些應該要給的費用扣除盈利。。都要放在債務咯。。。。

在2007年報中(90頁) -->
                                                                                       Group
                                                                                     2007               2006
                                                                                     RM’000          RM’000
Aggregate costs incurred to date                                         617,133         461,025
Add: Attributable profits less foreseeable losses                      87,242          76,391
                                                                                ===================
                                                                                     704,375          537,416
Less: Progress billings                                                        (643,640)       (434,956)
                                                                                ===================
                                                                                     60,735            102,460
Amount due to contract customers                                       77,289            33,866
                                                                                 ===================
                                                                                   138,024            136,326
                                                                                 ==================
Contract work-in-progress                                                138,024            136,326
                                                                                 ==================
Amount due to contract customers                                     77,289              33,866
                                                                                 ===================

williamnkk81

blackdove88 发表于 22-8-2014 10:47 PM
在2007年報中(90頁) -->
                                                                           ...

有什麼問題。。。 就是公司給其他公司的外包公司。。。

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2014	30/06/2013	30/06/2014	30/06/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	248,761	165,708	404,849	329,342
2	Profit/(loss) before tax	36,139	14,739	53,118	29,485
3	Profit/(loss) for the period	25,985	10,723	36,249	21,040
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,388	11,087	38,394	21,566
5	Basic earnings/(loss) per share (Subunit)	12.25	5.22	17.83	10.16
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 ($$)	2.0300		1.8700

icy97

盈利雙倍成長 輝高10億訂單額寫新高

財經股市26 Aug 2014 21:22
（吉隆坡26日訊）輝高（FAVCO，7229，主要板工業）次季盈利取得超過雙倍成長，也是上市以來最佳表現，現有10億2000萬令吉訂單數額同是新高水平。

在正面業績表現帶動下，輝高起11仙以3.38令吉開市，隨后更大漲19仙至3.46令吉全日最高水平，不過后勁乏力，休市收窄漲幅至6仙，報3.33令吉。

閉市時，輝高反跌1仙，報3.26令吉，成交量109萬6200股。

合理價RM3.81

MIDF證券研究指輝高截至8月20日訂單數額達10億2000萬令吉，是該公司有史以來的訂單新高水平。這些訂單主要源自離岸油氣探勘和生產活動的油氣起重機。

至于其他訂單，分別來自造船廠、建築和風力發電機領域。

不過，報告仍維持輝高盈利預測，其中2015財年每股盈利料達34.6仙，並將輝高投資評級從“中立”上修至“買進”，合理價為3.81令吉。

興業證券研究認為，輝高業績普遍符合預期，因此維持“中立”評級和3.62令吉合理價。報告指該股缺乏催化劑，因此稍作折扣。

鑽機和專用岸外支援船隻（OSV）訂單顯著提升將是主要重估催化因素，並會提升輝高的起重機訂單，其中該公司在今年次季的鑽機和岸外支援船隻起重機訂單增加75%就是最佳證明。【中国报财经】

icy97

辉高获1.2亿合约

财经新闻 财经  2014-09-04 12:19
（吉隆坡3日讯）辉高（FAVCO，7229，主板工业产品股）宣布，8月共获得总值1亿1990万令吉的合约。

辉高子公司Favelle Favco Cranes（大马）和FavelleFavco Cranes分别获得两项和一项合约。

其中，FavelleFavco Cranes（大马）从两家中国公司获得供应岸外起重机的合约，将在明年次季至年杪期间送抵。

而Favelle FavcoCranes则从Form700公司获得供应塔式起重机的合约，预计明年初送抵。【南洋网财经】

FAVELLE FAVCO BERHAD

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 and Favelle Favco Cranes Pty Ltd had received the following purchase orders or Letter of Intent ("Contracts") respectively in the month of August 2014 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 China Merchants Heavy Industry (Jiangsu) Co Ltd Supply of Offshore Crane which is expected to be delivered from second quarter of 2015 to end of 2015 Favelle Favco Cranes Pty Ltd Form 700 Pty Ltd Supply of Tower Crane which is expected to be delivered by early of 2015 Favelle Favco Cranes (M) Sdn Bhd Shanghai Shipyard Co., Ltd Supply of Offshore Crane which is expected to be delivered by third quarter of 2015 The approximate combined value of the above substantial orders secured amount to RM119.9 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 2014 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 September 2014.

icy97

券商買進心頭好．訂單總額逾11億 輝高銷量料超標

財經股市4 Sep 2014 20:36

券商 ：MIDF證券研究
合理價：3.81令吉

輝高（FAVCO，7229，主要板工業）獲得1億1990萬令吉訂單，使年初至今共獲頒新起重機訂單增至3億7520萬令吉，主要是離岸油氣探勘和生產活動起重機，現有訂單數額更創下公司新高紀錄。

該公司昨日（3日）宣布獲得三個客戶的離岸起重機和塔式起重機訂單，預計將在2015年不同時期交付，帶動年初至今訂單總額增至3億7520萬令吉。輝高在2013年一共獲得6億740萬令吉訂單，我們樂觀看待且有信心該公司可達到，甚至超越去年的新銷售訂單數額。

截至8月20日，輝高的訂單數額為10億2000萬令吉，包括上述3項新訂單，推高訂單總額至約11億3000萬令吉。這些訂單主要是供離岸油氣探勘和生產活動用途的油氣起重機，其他合約分別來自船廠、建築和風力發電領域。

我們維持輝高“買進”建議，合理價為3.81令吉，其中2015財年每股盈利預測為34.6仙。

輝高周四（4日）早盤以3.31令吉開市，休市報3.35令吉，起4仙。該股在午盤持續上升動力，最高一度攀升至3.38令吉，閉市收在3.36令吉，起0.5仙，成交量13萬5000股。【中国报财经】

路易斯李

负债高吗？没什么潜在风险吧？

icy97

輝高獲頒總額5970萬合約

企業財經9 Oct 2014 21:33
（吉隆坡9日訊）輝高（FAVCO，7229，主要板工業）獨資子公司輝高起重機私人有限公司，上月獲頒兩項總值5970萬令吉合約，以供應岸外起重機，料可在2014財年后貢獻公司收入。

該公司今日向馬證交所報備，子公司獲SK機械與現代重工業公司（Hyundai Heavy Industries Company）頒發合約，將個別供應岸外起重機。

文告說，輝高起重機將在明年次季至年底，運送有關岸外起重機給SK機械，另外在年底交貨給現代重工業公司，兩份合約合計5970萬令吉。

“以上兩項合約可在 2014財年后貢獻公司收入與淨資產。”【中国报财经】

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDER
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the month of September 2014 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 SK Machines Ltd Supply of OffshoreCrane which is expected to be delivered from second quarter of 2015 to end of 2015 Favelle Favco Cranes (M) Sdn Bhd Hyundai Heavy Industries Company Ltd Supply of OffshoreCrane which is expected to be delivered by endof 2015 The approximate combined value of the above substantial orders secured amount to RM59.7 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 2014 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 9 October 2014.