Fu Yu Corporation

DBS initiates coverage on Fu Yu Corp with 35 cents price target

SINGAPORE (Jan 15): While the bottoming out of plastics components manufacturer Fu Yu Corp’s earnings might have been a cause for concern to some investors, the stock could well be poised for a turnaround as earnings are set to pick up. 

DBS Group Research is initiating coverage on Fu Yu with a target price of 35 cents, representing a 40% upside for the stock. 

In a Wednesday report, analyst Ling Lee Keng has highlighted a few reasons why a re-rating is on the horizon for the group in the coming year. 

Fu Yu Corp kept at 'buy' despite 3Q earnings decline: UOB

SINGAPORE (Dec 2): UOB Kay Hian is keeping its “buy” recommendation on Fu Yu Corporation with a slightly higher target price, despite the precision plastic components manufacturer reporting a 11.1% drop in its 3QFY2019 earnings.

Fu Yu saw its earnings fall to $3.9 million during the latest quarter, from $4.4 million a year ago.

3QFY2019 revenue slipped 2.2% to $51.3 million, even as operations in Singapore, Malaysia and China registered relatively stable sales.

6 attractive small and mid cap stocks that KGI believes yield hunters should watch out for

SINGAPORE (Oct 7): KGI Securities has highlighted some small and mid-cap stocks that investors should consider adding to their portfolios.

Amid macroeconomic uncertainties that continue to plague the different industries, the brokerage believes these high dividend stocks on its watchlist could pay off handsomely.

According to KGI analyst Joel Ng, these small- and mid-cap companies offer attractive opportunities, but are more volatile compared to blue-chip companies. 

Fu Yu's cost saving and growth initiatives keep it at 'buy': UOB

SINGAPORE (Sept 16): UOB Kay Hian is keeping its “buy” call on Fu Yu Corporation with a target price of 28.5 cents, as the group is putting in efforts to optimise its operations.

In fact, the group has launched three initiatives that will lead to cost savings and growth.

The first initiative is the liquidation of a loss-making joint venture (JV). It started with the voluntary liquidation of its 40%-owned Berry Plastics in Malaysia in July.

UOB and OCBC favoured for growth and valuation; Sunningdale, Fu Yu touted as yield and privatisation plays

SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay. The company’s net construction order book now stands at about $1.5 billion. That is about 58% higher than the $947 million at the end of its last financial year ended May 31, 2018.

UOB and OCBC favoured for growth and valuation; Sunningdale, Fu Yu touted as yield and privatisation plays

SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay. The company’s net construction order book now stands at about $1.5 billion. That is about 58% higher than the $947 million at the end of its last financial year ended May 31, 2018.

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Fu Yu 1Q earnings more than double to $1.6 mil on higher margins, lower operating expenses

SINGAPORE (May 9): Fu Yu Corporation, the manufacturer of precision plastic parts, reported 1Q19 earnings of $1.6 million, more than doubled from $0.5 million in 1Q18, driven mainly by higher gross profit margin and a decrease in operating expenses.

Revenue for 1Q19 closed 0.7% higher at $46.7 million as the group saw higher sales for its consumer, medical and automotive & power tools segments. This was offset by slower sales from the printing & imaging and networking & communications segments.

Fu Yu kept at 'buy' by UOB KayHian on hidden value of property assets

SINGAPORE (Apr 15): UOB KayHian says any potential disposal of properties by Fu Yu Corp to further streamline its operations could unlock the hidden value and reduce operational costs.

Furthermore, the hidden value of Fu Yu’s assets, on top of its cheap valuation, diversified operations and low utilisation rate, make the manufacturer of precision plastic components and moulds an attractive takeover target.

“Maintain “buy” and target price of 28.5 cents,” says analyst John Cheong in a Monday report.

RHB stays 'neutral' on tech sector as it awaits trade deal conclusion

SINGAPORE (Mar 19): RHB Research is sticking to its bottom-up approach in the tech sector, focusing on key selection of stocks which have sound fundamentals and balance sheet as well as good growth despite the ongoing trade war issues.

This means RHB tries to identify the laggards -- those which have not yet been rerated or rerated less than its peers -- with the hope that these stocks might rerate when they deliver earnings growth, coupled with further positive news on the US-China trade deal.

Fu Yu FY18 earnings more than double to $11.9 mil on higher Singapore and Malaysia sales

SINGAPORE (Feb 26): Fu Yu Corp, the manufacturer of precision plastic parts and moulds. reported a 21.7% rise in 4Q earnings to $2.9 million from a year. For FY18, the group registered earnings of $11.9 million, surging from $4.5 million in FY17.

For 4Q18, Fu Yu reported revenue of $48.1 million, down 8.8% from $52.7 million in 4Q17 which saw exceptionally higher customer orders. The group’s operations in Singapore reported higher revenue in 4Q18 and partially offset the declines in sales from its Malaysia and China operations.

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