KUALA LUMPUR (April 6 ) : FAVELLE FAVCO BHD [] shares climbed as much as 5% on Friday morning after the crane builder announced that it has secured five contracts with a combined value of about RM102.1 million.
The stock added seven sen to an intraday high of RM1.44 before trading lower at RM1.41 at 10.48 am.
In a statement to the exchange on Thursday, Favelle Favco said the purchase orders received in March and April this year involve tower and offshore cranes for local and foreign clients. The cranes are due for delivery in 2012 and 2013, according to Favelle Favco.
The stock added seven sen to an intraday high of RM1.44 before trading lower at RM1.41 at 10.48 am.
In a statement to the exchange on Thursday, Favelle Favco said the purchase orders received in March and April this year involve tower and offshore cranes for local and foreign clients. The cranes are due for delivery in 2012 and 2013, according to Favelle Favco.
