Friday 29 Mar 2024
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KUALA LUMPUR (Aug 4): MIDF Research has maintained its “buy” rating on Favelle Favco Bhd 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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