Stock Name: FABER
Company Name: FABER GROUP BHD
Company Name: FABER GROUP BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 3.35 |
Showing posts with label FABER. Show all posts
Showing posts with label FABER. Show all posts
March 12, 2015
March 11, 2015
Potential gains from forex exposure
Stock Name: FABER
Company Name: FABER GROUP BHD
Company Name: FABER GROUP BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 3.35 |
March 2, 2015
January 30, 2015
May 20, 2014
April 23, 2014
April 10, 2014
November 26, 2013
September 9, 2013
August 6, 2013
June 27, 2013
May 13, 2013
Price reflecting visible fundamentals
Stock Name: FABER
Company Name: FABER GROUP BHD
Company Name: FABER GROUP BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 1.67 |
March 5, 2013
January 29, 2013
November 20, 2012
August 10, 2012
March 6, 2012
Stock Overview - FABER - 6 Mar 2012
Stock Name: FABER
Company Name: FABER GROUP BHD
FABER ( 1368 : 1.86 ) : Targeting 2.03
Description
Hotel management
Resistance : 2.03
Support : 1.70
RSI of 60
RSI is on a rebound
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Comment
Following the recent consolidation breakout, it is likely to head higher to 2.03 Trading Strategy Buy. Stop loss is at 1.70
Source:Jupiter Securities Research 6 March 2012
Company Name: FABER GROUP BHD
| Research House: JUPITER | Price Call: BUY | Target Price: 2.03 |
FABER ( 1368 : 1.86 ) : Targeting 2.03
Description
Hotel management
Resistance : 2.03
Support : 1.70
RSI of 60
RSI is on a rebound
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Comment
Following the recent consolidation breakout, it is likely to head higher to 2.03 Trading Strategy Buy. Stop loss is at 1.70
Source:Jupiter Securities Research 6 March 2012
March 2, 2012
CIMB TRADER AM 02 March 2012
Stock Name: FABER
Company Name: FABER GROUP BHD
Stock Name: PREMIER
Company Name: PREMIER NALFIN BERHAD
Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: FABER GROUP BHD
| Research House: CIMB | Price Call: BUY | Target Price: 1.78 |
Stock Name: PREMIER
Company Name: PREMIER NALFIN BERHAD
| Research House: CIMB | Price Call: SELL | Target Price: 0.405 |
Stock Name: QL
Company Name: QL RESOURCES BHD
| Research House: CIMB | Price Call: BUY | Target Price: 3.28 |
What's Relevant
- US markets: US stocks had been higher for most of the session, buoyed by a strong weekly jobless claims report (4-year low) and as investors seemed to overlook weaker-than-expected manufacturing news (slowed down to 52.4), but still finished off their best levels.
- Asian markets: Asian shares closed mostly down on Thursday as a retreat in expectations for further monetary easing in Europe and the U.S. sent stock markets lower, while China's PMI remained weak at 51.0. Singapore shares closed weaker on Thursday following comments by Fed chairman Ben Bernanke that flat incomes and still-high unemployment would likely limit growth this year to 2.25%. Commodities are still under pressure. We maintain a bearish view on the index
- Malaysia: The FBMKLCI bucked the regional downtrend to end the day 0.2% higher. At the close, the benchmark rose 3.8pts to 1,573.45. Rotational buying in selected blue chips like Sime Darby, Petronas Chemicals and BAT helped cushion losses in the broader market. Lower liners were sold down on worries that the global retreat would hurt local sentiment. Volume was modest with 1.6bn shares worth RM2.0bn changed hands. Market breadth was negative with losers outnumbering advancers by 506 to 309 while another 302 counters remained unchanged.
Trades for the Day
Technically'
- Faber Group (FAB MK; RM1.78, Buy) ' Likely one more push higher.
- Premier Nalfin (PRNB MK; RM0.405, Sell) ' Violated its triangle support.
- QL Resources (QLG MK; RM3.28, Buy) ' Ripe for a stronger rebound.
Fundamentally'
- Strategy ' Light at the end of the tunnel? Disappointments during the Feb results season were milder than expected, with underachievers outnumbering overachievers by only a factor of 1.6x vs. at least 3x in the past two quarters. This is good news and raises the hope that big earnings cuts are coming to an end. We maintain our Neutral call but raise our end-2012 KLCI target from 1,520pts to 1,610pts after lifting our target basis from 12.6x P/E to 13x P/E as we lower the discount to the 3-year moving average P/E from 10% to 5% in light of the less negative earnings outlook.
March 1, 2012
FABER (FV RM2.34 - TRADING BUY) FY11 Results Review: Surprise Reversal of Fortunes
Stock Name: FABER
Company Name: FABER GROUP BHD
Company Name: FABER GROUP BHD
| Research House: OSK | Price Call: BUY | Target Price: 2.34 |
Faber's FY11 results came in well ahead of our and consensusexpectations, with its FY11 net profit making up 246% and 169% of therespective FY11 net profit forecasts. The outperformance was largely due tohigher-than-expected revenue coupled with the reversal of cost amounting toRM40.7m in 4QFY11 in relation to the recognition of expenses in 3Q for its IFMcontracts in the UAE. We maintain our FY12 forecast and introduce our FY13 forecast. We arekeeping our Trading Buy call on Faber at a slightly higher FV of RM2.34 fromRM2.24 previously after rolling over our SOP valuation from FY11 to FY12.
A comprehensiveoutperformance. Faber recorded a net profit of RM60.2m for FY11 which waswell above our and consensus estimates, accounting for about 246% and 169% ofthe respective forecasts. The better-than-expected results could be attributedto the sizzling revenue but primarily the reversal of cost amountingto RM40.7m in 4Q in relation to its IFM contracts in UAE. In 3Q, Faber hasrecognized expenses of RM44.5m for additional work done for its IFM contracts in the UAE andimpairment losses of RM12.9m arising from the expected delay in collecting trade receivables fromthe contracts, both of which had resulted in a net loss of RM26.9 in 3Q. If we exclude the cost reversal, Faber's FY11net profit would come well within our expectations.
Segmentalperformance. The IFM concession business remained the biggest contributorto the group's topline, constituting about 61.9% of the FY11 total revenue. Y-o-y revenue from its IFMnon-concession business was down by 31.7% due to the non-renewal of contractsin the UAE. As expected, its property business recorded a strong y-o-y growthin revenue which was up by 127.5% y-o-y, supported by the progress billingsfrom projects launched in 4QFY10 and 1HFY11. Overall, revenue was up marginallyby 2.2% y-o-y as the lower revenue contribution from the UAE wasmitigated by the higherrevenue from its property division. Nevertheless, net profit was down by 23.6%y-o-y attributed to the RM23.4m loss recorded by its IFMnonconcession business.
Maintain Trading Buy.We maintain our FY12 forecast as well asintroduce our FY13 forecast. We maintain our Trading Buy recommendation onFaber at a slightly higher FV of RM2.34 from RM2.24 previously after rollingover our SOP valuation from FY11 to FY12. Despite the delays in the renewal ofits hospital support services concession, we believe that Faber should have no problems getting the renewal given its solid track record over the last 15 years. Our FY12forecast is premised on the assumption that the concession would berenewed according to the existing terms. Also, Faber has announced a gross dividend of 8 sen for FY11, which translates into a gross yield of about 4.7%.
Source: OSK188
Uncertainty still reigns
Stock Name: FABER
Company Name: FABER GROUP BHD
Company Name: FABER GROUP BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 1.88 |
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