KUALA LUMPUR: MIDF Research remains optimistic over Favelle Favco Bhd
's earnings in FY21 given its ability to maintain operating and profit margins over the past two quarters despite the Covid-19 restrictions.
"Furthermore, as economies around the world gradually re-open following the global Covid-19 vaccination drive, we anticipate demand for both offshore and infrastructure cranes will continue to be restored as demand for crude and infrastructures returns to the market.
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