FAVCO 24Q3 result:
If exclude the one off items (eg: forex, allowances, derivatives & etc), core PBT stood as:

24Q3: 27.231m
24Q2: 14.863m
24Q1: 14.686m

23Q4: 50.988m
23Q3: 22.040m
23Q2: 7.088m
23Q1: 9.994m

Number of arrival flights at Phnom Penh airport by quarters:

24Q1: 4,627
24Q2: 4,627

23Q1: 3,882
23Q2: 4,235
23Q3: 4,251
23Q4: 4,430

** data is base on number of flights arrive only; not passengers number

迪拜—金边即将恢复往返航班

【本报消息】阿联酋航空公司（Emirates Airline）将于5月1日起，正式恢复暂停约3年的迪拜-金边客运往返航班。

据介绍，该航空公司将于今年5月1日起恢复从迪拜经新加坡中转至金边的客运航班，届时每日一班。

应提的是，阿联酋航空于2017年开通迪拜往返金边航班。然而，受新冠疫情影响，该航班自2021年以来停航至今。

https://www.jianhuadaily.com/20240424/236612

Net short position (RSS) reduced 5820 lot compare last week.

Net short position now: 2,353,200
vs.
Last week peak at 2,935,200

Cambodia Airport Passengers number growth in 2024Q3 as:
Y-Y: + 22%
Q-Q: + 5%

*Peak season coming in Q4

Muhibah’s 24Q2 result

1. Crane segment (Favco)
- accidentally lower earning from crane business as lack of one off gain, eg forex (24Q2 -1.5m vs 24Q1 +4.1m / 23Q2 +7m)
- If take off all the one off items, the core PBT in 24Q2: 14.9m vs 24Q1: 14.7m / 23Q2: 7m

2. Concession segment (mainly from airports)
- Recorded PBT 16.9m in 24Q2 (+40.6% compare 24Q1 / +77.2% compare 23Q2)
- Surprising good as Q2 & Q3 used to be low travel season in Cambodia
- Passengers in 24Q2 recorded 1.136m (+13% compare 23Q2)
- Passengers in July continue growth with +23% y-y

3. Infrastructure Construction segment
- reported PBT 40m (compare 8.7m in 24Q1 / loss 1m in 23Q2)
- highest quarter profit since 2018


Overall fantastic result.
But concern on order-book replenish as year-to-date yet to get any award.