Stock Name: FABER
Company Name: FABER GROUP BHD
Research House: RHB
KUALA LUMPUR: Shares of FABER GROUP BHD [] continued to lose ground in the afternoon session on Tuesday, March 1 after its earnings fell sharply following'' the non-renewal of two Abu Dhabi contracts with an estimated value of RM184 million per annum.
At 4.34pm, it was down 11 sen to RM1.82 with 2.38 million shares done.
The FBM KLCI rose 8.91 points to 1,500.16. Turnover was 998.17 million shares valued at RM1.31 billion.'' Declining stocks overtook advancers 443 to 318 while 305 stocks were unchanged.
Faber Group's net profit shrank to RM2.91 million in the fourth quarter ended Dec 31, 2010 from RM42.57 million a year ago. Revenue declined to RM203.95 million from RM303.93 million. Earnings per share were 0.8 sen only compared with 11.73 sen. It proposed dividend of eight sen per share compared with six sen.
For the financial year ended Dec 31, 2010 net profit was RM78.78 million compared with RM82.68 million in FY09.
RHB Research Institute had on Monday accorded a fair value of RM2.22 for Faber and retained a market perform for the stock.
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Company Name: FABER GROUP BHD
Research House: RHB
KUALA LUMPUR: Shares of FABER GROUP BHD [] continued to lose ground in the afternoon session on Tuesday, March 1 after its earnings fell sharply following'' the non-renewal of two Abu Dhabi contracts with an estimated value of RM184 million per annum.
At 4.34pm, it was down 11 sen to RM1.82 with 2.38 million shares done.
The FBM KLCI rose 8.91 points to 1,500.16. Turnover was 998.17 million shares valued at RM1.31 billion.'' Declining stocks overtook advancers 443 to 318 while 305 stocks were unchanged.
Faber Group's net profit shrank to RM2.91 million in the fourth quarter ended Dec 31, 2010 from RM42.57 million a year ago. Revenue declined to RM203.95 million from RM303.93 million. Earnings per share were 0.8 sen only compared with 11.73 sen. It proposed dividend of eight sen per share compared with six sen.
For the financial year ended Dec 31, 2010 net profit was RM78.78 million compared with RM82.68 million in FY09.
RHB Research Institute had on Monday accorded a fair value of RM2.22 for Faber and retained a market perform for the stock.
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