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As of 15th May, orderbook stood at 1.56b
+ 90.6m crane order @ 22th May
+ 300m EPCC OF THE LNG REGASIFICATION TERMINAL 3 (RGT3) @ 8th Jun
+ 504m crane order @ 2nd Jul
No play play~ the Favco’s cranes are used for the construction of SpaceX’s new Gigabay!!
Muhibbah as the parent company~ tumpang some power please~
Cape Canaveral, Florida: Four Favelle Favco M900F-ST tower cranes are used for the construction of SpaceX’s new Gigabay—an advanced Starship manufacturing, integration and refurbishment facility at NASA’s Kennedy Space Centre.
The cranes provide the speed, lifting capacity and reliability required to deliver this landmark project.
Standing approximately 380 feet tall and offering around 815,000 square feet of workspace, the Gigabay will accommodate the assembly, integration and refurbishment of Starship vehicles and Super Heavy boosters.
Muhibbah is a solid legacy engineering play with strong order books, but 45 cents is a decent entry if you are willing to sit through the slow construction cycle and cyclical profit margins for long-term recovery.
