Favelle Favco’s earnings buoyed by strong order book

According to MIDF Research, the recent natural gas price hike is contributing to the possibility of more offshore drilling projects, which should benefit Favelle Favco

PETALING JAYA: Favelle Favco Bhd’s strong order book is expected to sustain the group’s earnings in the second half of 2021.

This is despite Brent crude oil prices expected to trade range-bound until the end of the year.