SINGAPORE (Nov 14): RHB has maintained its “buy” call on Fu Yu with a target price of 29 cents while highlighting the stock as an “attractive privatisation/takeover candidate”.
This comes after the manufacturer and supplier of high-precision injection molds and plastic parts on Friday released its financial statement last Friday for 3Q/9M16, declaring a second interim dividend of 25 cents and an improved 9M gross margin of 2 percentage points to 16%.
In a Monday note, analyst Jarick Seet says RHB continues to like Fu Yu given its “improving core business, undemanding valuations and attractive dividend yield of 7.9% in FY16F”.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
