Fu Yu Corporation

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 ...
Fu Yu Corp posts 56% lower 3Q earnings but still declares second interim dividend of 0.25 cent
SINGAPORE (Nov 14): Fu Yu Corporation reported a 55.9% decline in 3Q17 earnings to $0.8 million compared to earnings of $1.8 million in the same period a year ago, due to higher operating expenses and a loss of joint venture. The manufacturer and supplier of high-precision injection moulds and plastic parts posted 4.5% higher revenue of $50.2 million from $48.1 million a year ago on higher ...
Fu Yu earnings fall 59.7% to $1.3 mil in 1H
SINGAPORE (Aug 11): Fu Yu Corporation posts a 59.7% decline in earnings to $1.3 million for the 1H ended June, from $3.1 million a year ago. Revenue fell 9.8% to $92.0 million in 1H17, from $102.0 million a year ago. This was attributed mainly to lower revenue from its Malaysia and China segments, which fell 24.3% and 8.4%, respectively. Other income fell 21.6% to $3.7 million, compared ...
Hold on to this stock for attractive dividends, even as 1Q earnings disappoint
SINGAPORE (May 11): RHB has downgraded its call on Fu Yu Corporation from “buy” to “neutral” with a lower target price of 23 cents from 27 cents previously, following a disappointing 1Q17 set of results.  The fabricator of precision moulds this week posted a 46.3% decline in 1Q earnings to $0.5 million, which was due mainly to a slowdown of sales in China and Malaysia. (See ...
Fu Yu ends FY16 with 25.1% lower at $10.5 mil
SINGAPORE (Feb 22): Fu Yu Corporation, the manufacturer of precision plastic parts, posted earnings of $5.6 million in 4Q16, an increase of 44.4% from $3.9 million in 4Q15. In 4Q16, the group’s revenue softened 3.5% year-on-year to $48.5 million amid slower business conditions. Notwithstanding this, the group achieved higher earnings of the company in 4Q16, driven mainly by a foreign ...
Fu Yu proposes to amalgamate with 2 subsidiaries
SINGAPORE (Jan 17): Fu Yu Corporation has proposed to amalgamate with two of its wholly-owned subsidiaries, Nanotechnology Manufacturing (NTM) and Solidmicron Technologies (SMT), and continue as one company. Both NTM and SMT are based in Singapore and are mainly involved in manufacturing activities. In an SGX filing on Tuesday, Fu Yu says this is to streamline the corporate structure and ...
Fu Yu expected to generate robust dividend yield in FY17
SINGAPORE (Jan 6): RHB continues to keep its “buy” call on Fu Yu with a target price of 29 cents, while reiterating its view of the manufacturer and supplier of high-precision injection molds and plastic parts as an attractive privatisation or takeover candidate. In an updated report on Tuesday, analyst Jarick Seet once again highlights the company for its improving core business, ...
Could this company be next in line for privatisation?
SINGAPORE (Nov 14): RHB has maintained its “buy” call on Fu Yu with a target price of 29 cents while highlighting the stock as an “attractive privatisation/takeover candidate”. This comes after the manufacturer and supplier of high-precision injection molds and plastic parts on Friday released its financial statement last Friday for 3Q/9M16, declaring a second interim dividend of 25 ...
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