FABER (1368) - Stocks With Momentum: Faber
Faber Group Bhd (+ve)
FABER (Fundamental: 2.5/3, Valuation: 0.9/3), a 71% owned-subsidiary of UEM Group Berhad, saw a sharp rise in its share price yesterday, gaining 29 sen or 10.3% to RM3.10.
Previously a leading integrated facilities management service provider in the healthcare industry, Faber is now the largest asset and facilities management company in Malaysia following its acquisition of Opus Group (OPUS) and Projek Penyelenggaraan Lebuhraya (PROPEL) in October 2014.
OPUS is involved in asset development and asset management consultancy , while PROPEL provides infrastructure maintanence.
Faber’s revenue for 2013 was restated from RM689.9 million to RM2,699.7 million to account for the acquisitions of PROPEL and OPUS. For 2014, revenue increased 14.4% to RM3,089.3 million, boosted by its asset development and asset management consultancy division and infrastructure maintanence division due to higher maintanence works and the 4LW project.
Faber has a net cash of RM717.7 million or 88 sen per share.
This article first appeared in The Edge Financial Daily, on March 10, 2015.
http://www.theedgemarkets.com/my/article/stocks-momentum-faber
Faber Group Bhd (+ve)
FABER (Fundamental: 2.5/3, Valuation: 0.9/3), a 71% owned-subsidiary of UEM Group Berhad, saw a sharp rise in its share price yesterday, gaining 29 sen or 10.3% to RM3.10.
Previously a leading integrated facilities management service provider in the healthcare industry, Faber is now the largest asset and facilities management company in Malaysia following its acquisition of Opus Group (OPUS) and Projek Penyelenggaraan Lebuhraya (PROPEL) in October 2014.
OPUS is involved in asset development and asset management consultancy , while PROPEL provides infrastructure maintanence.
Faber’s revenue for 2013 was restated from RM689.9 million to RM2,699.7 million to account for the acquisitions of PROPEL and OPUS. For 2014, revenue increased 14.4% to RM3,089.3 million, boosted by its asset development and asset management consultancy division and infrastructure maintanence division due to higher maintanence works and the 4LW project.
Faber has a net cash of RM717.7 million or 88 sen per share.
This article first appeared in The Edge Financial Daily, on March 10, 2015.
http://www.theedgemarkets.com/my/article/stocks-momentum-faber
