Position: YES - Accumulation
I have set an eye on her all this while. I like her subsidiary of FAVCO and as well their airport business in Cambodia. While many countries are experiencing contraction, Cambodia indeed a country not to be missed out in business or leisure. The Ang Kor remaining will support the subdue of global tourism challenges.
FAVCO earning comes in with a kick towards South. But do be reminded that FAVCO even though is not the famous entity but they have the collaboration for the few technology that you can have in crane building. It is due to this, FAVCO comes with a premium and it is the beauty we should appreciate.
I believe her earning will be coming much lower as contribution from FAVCO. Still, I strongly believe it will be fairly distributed towards her other subsidiaries. At the same time, the APH saga should be well left behind and looking forward for any salvage value if management decided to release some subsequent news on the progress.
Looking ahead for this month end for any earning surprise (praying for a positive one) and yes, some Fund Manager is collecting thru JP Morgan lately.
