SINGAPORE (Feb 28): CGS-CIMB Research continues to rate Fu Yu Corp “hold” with a target price of 20 cents.
This came on the back of the group announcing that its 4Q19 earnings increased by 21.7% y-o-y to $2.9 million, despite an 8.8% drop in revenue to $48.1 million.
Meanwhile, FY18 earnings more than doubled to $11.9 million, with revenue sporting a slight increase of 1.4% y-oy- to $197.7 million.
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