Despite the impact of the Covid-19 pandemic, RHB Securities has remained bullish on Fu Yu Corp as a “stable dividend dispenser”.

The brokerage expects the precision plastic components manufacturer to make a 1.7 cents payout for FY20, which translates to an “attractive” yield of 6.3%.

This comes as Fu Yu has a strong net cash position of $97.8 million and zero borrowings, it notes.

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