Fu Yu Corporation

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.

Outlook of tech manufacturing stocks hinges on trade talks, says RHB; top picks include Venture and Fu Yu

SINGAPORE (Jan 11): Despite the 90-day truce, RHB Research remains cautious on the tech manufacturing sector’s outlook, since the trade war could potentially worsen in 2019.

However, there is also a chance that the tech sector could rebound if positive news emerges from the ongoing trade talks, says RHB.

Its top picks are Venture, which has less exposure to the trade war, and Fu Yu, for its sound balance sheet and attractive dividend yield.

PCI’s takeover offer could drive re-rating of small-cap manufacturing stocks: UOB

SINGAPORE (Jan 9): UOB KayHian says the takeover offer of PCI last Friday at an attractive premium could lead to a re-rating of deep-value manufacturing stocks.

UOB is re-iterating its ‘buy’ on deep-value manufacturing names trading at below-industry EV/EBITDA backed by high cash balances and stocks offering high dividend yields.

“Our top picks are Fu Yu (2019F EV/EBITDA of 2.9x and yield of 8.7%) and Valuetronics (2019F EV/EBITDA of 2.7x and yield of 6.3%). Assuming 5.5x EV/EBITDA, both stocks could offer about 80% upside,” says analyst John Cheong in a Wednesday report.

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