Favelle Favco's earnings prospects rise on oil and gas recovery


KUALA LUMPUR: MIDF Research has reiterated its positive view on Favelle Favco Bhd as its recent contract wins signal a recovery for the oil and gas sector.

Recently, Favelle Favco 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.

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MIDF Research , Favelle Favco , oil and gas

   

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