Fu Yu Corporation

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 ...
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 ...
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 ...
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 ...
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 ...
UOB initiates Fu Yu Corp at 'buy' on high and sustainable dividend yield
SINGAPORE (Nov 27): Fu Yu Corp recorded 3Q18 earnings of $4.40 million, almost quadruple that of $1.15 million in 3Q17. This came on the back of a 4.4% y-o-y increase in revenue to $52.4 million, which brought gross profit for the quarter to $10.6 million. Other income saw a 31.1% y-o-y increase to $2.27 million, while other operating income was $0.45 million, compared to other operating ...
Has Fu Yu Corp's revenue decline bottomed out?
SINGAPORE (May 16): RHB Research is keeping its “neutral” call on Fu Yu Corporation and lowering its target price to 20 cents, from 23 cents previously. This comes despite Fu Yu posting a 3.2% rise in earnings to $0.5 million for the 1Q ended March, as revenue grew 3.6% to $46.4 million on higher sales from its Singapore and Malaysia operations. See: Fu Yu Corp posts 3.2% rise in 1Q ...
Fu Yu Corp posts 3.2% rise in 1Q earnings to $0.5 mil
SINGAPORE (May 14): Fu Yu Corporation posts a 3.2% rise in earnings to $0.55 million for the 1Q ended March, from $0.53 million a year ago. 1Q18 revenue grew 3.6% to $46.4 million, from $44.7 million a year ago, driven mainly by higher sales from its Singapore and Malaysia operations. Singapore revenue rose 10.1% to $10.9 million on higher sales of products in the printing & imaging ...
Fu Yu Corp announces 56.8% lower 4Q earnings of $2.4 mil on other operating expenses
SINGAPORE (Feb 28): Fu Yu Corporation posted 4Q17 earnings of $2.4 million for the 4Q ended Dec 2017, 56.8% down from $5.6 million a year ago on other operating expenses. Revenue for the quarter grew 8.7% to $52.7 million from $48.5 million, buoyed by higher sales across its operations in Singapore, Malaysia and China. Gross profit margin expanded to 19.1% compared to 17.3% in ...
Fu Yu to privatise LCTH for $20.3 mil via selective capital repayment
SINGAPORE (Dec 8): Fu Yu Corporation, the manufacturer of precision plastic components, plans to privatise its subsidiary, LCTH Corporation, through a selective capital repayment exercise (SCR) valued at around RM61.3 million ($20.3 million). LCTH is listed on Bursa Malaysia and focuses on the precision manufacturing of tools and plastic products in Malaysia. As at 6 Dec, it has a share ...