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NewsFavelle Favco still an attractive dividend-play, says MIDF Research
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Favelle Favco still an attractive dividend-play, says MIDF Research
by Cals Tue 04 Aug 2015, 19:18
Favelle Favco still an attractive dividend-play, says MIDF Research
KUALA LUMPUR (Aug 4): MIDF Research has maintained its “buy” rating on Favelle Favco Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with a target price of RM3.30 and said the stock was still an attractive dividend-play stock with potential dividend yields in excess of 4%.
In a note today, the research house said Favelle Favco announced that its purchase orders for the period June 1 to August 3 amounted to RM52.8 million.
“The orders consist of a mixture of offshore cranes and tower cranes.
“Favco is still an attractive dividend-play stock with potential dividend yields in excess of 4%.
“We are reiterating our 'buy' recommendation on Favelle Favco with an unchanged target price of RM3.30 per share,” it said.
KUALA LUMPUR (Aug 4): MIDF Research has maintained its “buy” rating on Favelle Favco Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with a target price of RM3.30 and said the stock was still an attractive dividend-play stock with potential dividend yields in excess of 4%.
In a note today, the research house said Favelle Favco announced that its purchase orders for the period June 1 to August 3 amounted to RM52.8 million.
“The orders consist of a mixture of offshore cranes and tower cranes.
“Favco is still an attractive dividend-play stock with potential dividend yields in excess of 4%.
“We are reiterating our 'buy' recommendation on Favelle Favco with an unchanged target price of RM3.30 per share,” it said.
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