Fu Yu Corp

Fu Yu gets a 'hold' on M&A and trade war risks: CGS-CIMB
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 ...
3 defensive plays to tide investors over a volatile 2019: RHB
SINGAPORE (Jan 23): RHB Research has an “overweight” rating on banks for the sector’s strong growth and high yields; the consumer and industrial space as defensive sector picks; as well as REITs that are beneficiaries of improving economic activity, and/or with strong balance sheets. This comes post recent Singapore equity strategy investor meetings in Malaysia and Singapore, where RHB ...
Market valuations may be inexpensive but stay defensive: RHB
SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019. The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions. In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the ...
CGS-CIMB starts coverage of plastic components supplier Fu Yu Corp
SINGAPORE (Sept 28): CGS-CIMB is initiating coverage on Fu Yu Corp with a "hold" and target price of $0.17, based on historical 10-year average of 0.8 times forward book value. Fu Yu is a one-stop plastic components supplier with more than 40 years’ experience. The group has been back in the black since FY13 thanks to its restructuring efforts. In FY15, it had resumed dividend ...
Fu Yu Corp is attractive compared to peers, but not without risks
SINGAPORE (Jan 10): CIMB Research likes Fu Yu Corp for its reputation as an established plastic injection specialist as well as its diverse customer base, strong balance sheet and attractive historical valuations based on the research house’s preliminary assessment. The company is currently in the midst of privatising its Malaysia-listed subsidiary, LCTH Corporation, through a selective ...
Fu Yu reports 46.3% fall in 1Q earnings to $0.5 mil
SINGAPORE (May 9): Fu Yu Corp, the fabricator of precision moulds, reported 1Q earnings nearly halved to $531,000 from $989,000 a year ago. For the three months ended March, group revenue declined 14% to $44.7 million from $52 million a year ago due mainly to slower customer demand amid the global economic uncertainties and uneven business environment. Sales from the Malaysia segment ...
STI closes 0.14% lower at 2,850.74
SINGAPORE (Sept 21): Singapore stocks closed weaker on Wednesday, ending the day lower despite an early recovery driven by an unconventional monetary policy decision in Japan. About 1.5 billion shares valued at $944 million were traded during the session. Gainers  outnumbered losers 221 to 150. Offshore suppliers in Singapore did well during the session, helped by a spurt in oil ...
Growth on the horizon for Fu Yu Corp after 3-year decline
SINGAPORE (Sept 21): Fu Yu Corporation says its revenue decline over the past three years will see a reversal by early FY17, after bottoming out in FY16. The precision injection moulds and plastic parts provider explained that its gross margins have risen from 7.1% in FY11 to 16.7% in 1HFY16. In addition, it posted a positive growth in core earnings in FY14 and FY15, even as group revenue ...
Fu Yu set for better 2H on margin improvement
SINGAPORE (Aug 17): RHB has maintained its “buy” call for Fu Yu Corp, the provider of precision injection moulding services, with a target price of 29 cents. This comes as 2Q16 gross margins improved to 16.4% from 14.2% as compared to a year ago. RHB analyst Jarick Seet says that gross margins will show further improvements as Fu Yu right-sizes its China operations as well as improve its ...