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investing in ocbc fr 2019 to 2023
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Sunraku
Member |
21-Aug-2026 18:07
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Fuxing Makes Turnaround to Profitability in 1H2026 as Improved Margins Drives Earnings Recovery&bull Return to profitability supported by improved gross profit margin, higher zipper selling prices and disciplined cost management.
&bull Gross profit margin expanded to 9.5% as improved margins from the Zipper and Processing segments drove stronger earnings with relatively stable revenue.
&bull Sustained positive operating cash flow, with net cash generated from operating activities of RMB17.6 million in 1H2026 and cash and short-term deposits of RMB199.3 million as at 30 June 2026.
&bull Total equity stood at RMB602.1 million with net asset per share of RMB 29.80 (equivalent to S$5.65) as at 30 June 2026.
&bull Focus on continual margin expansion through enhanced operational efficiency, utilising greater automation, and increased direct-to-brand sales.
&bull Proposed bonus issue to improve trading liquidity and broaden shareholder participation, subject to shareholders&rsquo approval in a special general meeting to be announced in due course.
&bull The Company has also previously announced in March 2026 that a target annual dividend payout of at least 15% of the Group&rsquo s profit attributable to equity holders of the Company as dividends in respect of the next three financial years ending 31 December 2026, 31 December 2027 and 31 December 2028.
Commenting on the Group&rsquo s turnaround for 1H2026, Mr Hong Shao Lin, Chief Executive Officer of Fuxing, said: &ldquo Our return to profitability in the first half of 2026 reflects the progress of our operational optimisation initiatives, disciplined cost management and strategic pricing discipline. While revenue remained relatively stable, our planned improvement in gross profit margin contributed positively to our financial performance.
Building on this momentum, we remain focused on strengthening our core zipper business and enhancing our financial performance by improving operating margins, increasing operational efficiency through automation and digitalisation, and expanding our customer base through deeper direct-to-brand relationships&rdquo .
See link for full media release: https://www.3fzipper-ir.com/view& id=1207
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For_The_Next_Leg
Master |
17-Aug-2026 09:29
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In addition with the bonus issue, the company has scaled up its proprietary Direct-to-Brand sales strategy. By removing mid-tier supply chain wholesalers and directly contracting with tier-1 international and domestic apparel brand owners, Fuxing is permanently capturing superior gross profit margins.
Margins next year will be higher and if you have more shares, it will be an super gain!
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Joelton
Supreme |
15-Aug-2026 15:47
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Fuxing (4th Largest Zipper Manufacturer Globally) - Bonus Issuance: one (1) Bonus Share for every two (2) existing Ordinary Shares
See full media release: https://www.3fzipper-ir.com/view& id=1208
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Joelton
Supreme |
15-Aug-2026 15:46
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Fuxing Makes Turnaround to Profitability in 1H2026 as Improved Margins Drives Earnings Recovery
of Fuxing, said: &ldquo Our return to profitability in the first half of 2026 reflects the progress of our operational optimisation initiatives, disciplined cost management and strategic pricing discipline. While revenue remained relatively stable, our planned improvement in gross profit margin contributed positively to our financial performance.
Building on this momentum, we remain focused on strengthening our core zipper business and enhancing our financial performance by improving operating margins, increasing operational efficiency through automation and digitalisation, and expanding our customer base through deeper direct-to-brand relationships&rdquo .
See link for full media release: https://www.3fzipper-ir.com/view& id=1207
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Sunraku
Member |
15-Aug-2026 10:06
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Fuxing Makes Turnaround to Profitability in 1H2026 as Improved Margins Drives Earnings Recovery
Commenting on the Group&rsquo s turnaround for 1H2026, Mr Hong Shao Lin, Chief Executive Officer of Fuxing, said: &ldquo Our return to profitability in the first half of 2026 reflects the progress of our operational optimisation initiatives, disciplined cost management and strategic pricing discipline. While revenue remained relatively stable, our planned improvement in gross profit margin contributed positively to our financial performance. Building on this momentum, we remain focused on strengthening our core zipper business and enhancing our financial performance by improving operating margins, increasing operational efficiency through automation and digitalisation, and expanding our customer base through deeper direct to-brand relationships&rdquo . See link for full media release: https://www.3fzipper-ir.com/view& id=1207 Fuxing (4th Largest Zipper Manufacturer Globally) - Bonus Issuance: one (1) Bonus Share for every two (2) existing Ordinary Shares
See full media release: https://www.3fzipper-ir.com/view& id=1208 |
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For_The_Next_Leg
Master |
07-Aug-2026 09:27
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After the world cup, I expect a major uplift in revenue.
https://www.thinkchina.sg/society/china-everywhere-world-cup-except-field
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Sunraku
Member |
09-Jul-2026 14:37
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Fuxing China has purchased 25,000 ordinary shares on 8 Jul 2026 pursuant to its share buy-back mandate.The shares were acquired through market purchases at S$0.94796 per share, for a total consideration of S$23,775.19. Following the transaction, the Company' s treasury shares increased to 302,720 shares, representing approximately 0.12% of its issued shares (excluding treasury shares). Please see the announcement here: https://www.3fzipper-ir.com/view& id=1200
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For_The_Next_Leg
Master |
06-Jul-2026 09:00
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The company s launching an AI-enabled ERP and Cloud Data Warehouse initiative to drive a strategic turnaround and enhance operational efficiency. Partnering with Digiwin Software, this digital transformation aims to unify operations, reduce costs, and expand profit margins through automated, real-time data analytics.
https://repository.shareinvestor.com/rpt_view.pl/id/8e267ff310cbc7e1cc754066ffa274efa2f79aef3e07b730d6a1023d1a213bea/type/si_news
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Joelton
Supreme |
30-Jun-2026 09:06
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4th largest Zipper Manufacturer, Fuxing China, Embarks on AI-Powered Digital Transformation with Launch of AI-enabled Enterprise Resource Planning and Cloud Data Warehouse Initiative
Mr Hong Shao Lin, Chief Executive Officer of Fuxing, said: &ldquo Digital transformation is a critical enabler to further strengthening our position as one of the world&rsquo s leading zipper manufacturers.
Reinforcing our commitment to building a modern, data-driven enterprise, the implementation of the AI-enabled ERP and Cloud Data Warehouse Initiative represents an important milestone in enhancing our operational capabilities and management efficiency,
As we continue to deepen the integration of digital technologies across our operations, such initiatives will contribute to improved operational efficiency, stronger management capabilities, and enhanced long-term competitiveness, creating a more agile organisation well-positioned to capture future growth opportunities.
With an aim to enhance profit margins and support the Group&rsquo s long-term growth ambitions, we look forward to working closely with Digiwin to successfully execute this initiative and harness the power of digitalisation.&rdquo
See link for full media release:https://links.sgx.com/FileOpen/20260629_Mediarelease.ashx?App=Announcement& FileID=894612
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Sunraku
Member |
30-Jun-2026 07:43
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4th largest Zipper Manufacturer, Fuxing China, Embarks on AI-Powered Digital Transformation with Launch of AI-enabled Enterprise Resource Planning and Cloud Data Warehouse Initiative
Mr Hong Shao Lin, Chief Executive Officer of Fuxing, said: &ldquo Digital transformation is a critical enabler to further strengthening our position as one of the world&rsquo s leading zipper manufacturers. Reinforcing our commitment to building a modern, data-driven enterprise, the implementation of the AI-enabled ERP and Cloud Data Warehouse Initiative represents an important milestone in enhancing our operational capabilities and management efficiency, As we continue to deepen the integration of digital technologies across our operations, such initiatives will contribute to improved operational efficiency, stronger management capabilities, and enhanced long-term competitiveness, creating a more agile organisation well-positioned to capture future growth opportunities. With an aim to enhance profit margins and support the Group&rsquo s long-term growth ambitions, we look forward to working closely with Digiwin to successfully execute this initiative and harness the power of digitalisation.&rdquo See link for full media release: 20260629_Mediarelease.pdf |
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For_The_Next_Leg
Master |
29-Jun-2026 08:21
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World cup will bring about bigger sales of products and leading to better financials and then more dividends.
Nike, Adidas, Puma are all its clients. In addition, holiday seasons might increase the revenue as well as there are more purchases in the local countries by tourists.
Look out for surprises.
https://www.saccapital.com.sg/wp-content/uploads/1970/01/26-06-24-Fuxing-China-Group-Limited.pdf
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Joelton
Supreme |
26-Jun-2026 08:58
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SAC Capital: Fuxing China (FUXC SP, S$0.99, TP:S$1.51, Initiation - BUY)
Fuxing China Group Limited was listed on the Mainboard of Singapore Exchange (SGX) in September 2007. Established in 1993, Fuxing China has systematically scaled its operations over three decades to become the fourth-largest zipper manufacturer globally measured by sales value. The Group has three key business segments, including sales of zipper chains and sliders, trading of textile raw materials, and zipper processing services, which are strategically located across mainland China and Hong Kong. Fuxing China markets its product portfolio under the proprietary " 3F" brand, an acronym underscoring its commitment to high-quality manufacturing and customisation.
Direct-to-Brand Strategy to Enhance Margins. Fuxing China has been pivoting towards direct sales to brand owners, reducing its reliance on contract manufacturers and intermediaries. By engaging brands earlier in the product design process, the Group aims to shift from supplying standardised zippers to providing more engineered, value-added fastening solutions across sportswear, workwear, and outdoor lifestyle apparel. The Group has disclosed that its direct-to-brand customer base has expanded to include a broader range of international and domestic brands, including Reebok, Mizuno, ellesse, Joma, Zpacks, Bosideng, CAMEL, Santic, QIAODAN, FIRS, and Mark Fairwhale, with these customers having commenced recurring order flows. Direct engagement with brand owners should enhance operating margins, order visibility, product responsiveness, and cross-selling opportunities, while also supporting a shift towards a higher value-added product mix.
Recently Announced Formal dividend policy. On 31 March 2026, Fuxing China announced a dividend policy targeting a minimum 15% annual payout for the next three financial years, and at the 29 April 2026 AGM shareholders approved the FY25 final dividend of RMB 0.15 per share, the share buy-back mandate, and the Fuxing China scrip dividend scheme. As we expect growth in the coming years, we have forecast dividend payout to be similar to FY25. This translates to a very attractive above the market yield of 4.2% in FY26 and 6.7% in FY27.
Potential for Value Unlocking with Wide Disparity to NAV. The Company' s share price of S$1 is just about 20% of the Group' s net asset value per share stood at S$5.40 (as at 31 December 2025). With the formal dividend policy, we believe that it reflects the Company' s confidence in its underlying business fundamentals and future growth trajectory, while signalling a more proactive and disciplined approach to capital allocation, with a clear focus on enhancing shareholder returns and unlocking long-term shareholder value.
Placement and Capital Allocation for Technological Upgrades. The Group has completed a share placement that raised S$1.25 million in gross proceeds with the issuance of 3.0 million new shares at an issue price of S$0.415 each in November 2025. Specifically, 100% of the funds will be directed towards technological research and development, alongside targeted upgrades to the Group' s intelligent manufacturing equipment and assembly lines.
Technology Updates to Improve Efficiencies. The Group is accelerating its digitalisation roadmap, its AI-enabled operating model focuses on real-time monitoring of business-unit efficiency, assets and workflows, with the explicit objective of reducing manpower, improving quality and optimising resource allocation. The company also said it is exploring enhancements to its Customer Relationship Management system to improve demand anticipation, risk management and responsiveness to shifting market conditions.
Profitability expected to improve after mixed FY25 results. Fuxing China&rsquo s FY25 revenue declined by 8.6% YoY to RMB 672.3 million, mainly due to an 11.0% YoY decrease in Zipper segment revenue to RMB 412.1 million from RMB 463.4 million in FY24, driven by lower export sales following tariffs announced by the United States on foreign imports. Despite the softer topline, gross profit improved 8.1% YoY to RMB 49.5 million, while overall gross margin expanded from 6.2% in FY24 to 7.4% in FY25. This was mainly supported by margin improvement in the Processing segment, where lower production costs and reduced wastage following automation initiatives helped enhance operating efficiency. While FY25 revenue was weighed down by a decline in export sales due to trade-war-related tariffs, this impact is expected to partially reverse in FY26 as export demand normalises, helping to close the revenue gap. Fuxing China&rsquo s FY26 revenue forecast is expected to increase 7.5% YoY to RMB 722.8 million. With continued margin improvement from automation-led efficiency gains, we forecast the Group&rsquo s FY26 gross margin will increase to 13% from 7.4% in FY25. The Group&rsquo s FY26 gross profit is expected to increase 89.8% YoY to RMB 94.0 million.
Key risks ahead include credit risk and long-dated trade receivables macroeconomic slowdowns and raw material volatility.
Investment recommendation. We initiate coverage on Fuxing China with a BUY rating and a target price of S$1.51, based on Fuxing China FY26 forward EPS of RMB 1.47 (S$0.22) and applying a 60% discount to the mean forward PER of 13.6x of its peers, representing a 52% upside from current levels. We note that our target price of S$1.51 is 72% lower than the Group&rsquo s latest NAV per share of S$5.40
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Sunraku
Member |
26-Jun-2026 08:33
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SAC Capital: Fuxing China (FUXC SP, S$0.99, TP:S$1.51, Initiation - BUY)Fuxing China Group Limited was listed on the Mainboard of Singapore Exchange (SGX) in September 2007. Established in 1993, Fuxing China has systematically scaled its operations over three decades to become the fourth-largest zipper manufacturer globally measured by sales value. The Group has three key business segments, including sales of zipper chains and sliders, trading of textile raw materials, and zipper processing services, which are strategically located across mainland China and Hong Kong. Fuxing China markets its product portfolio under the proprietary " 3F" brand, an acronym underscoring its commitment to high-quality manufacturing and customisation.
Direct-to-Brand Strategy to Enhance Margins. Fuxing China has been pivoting towards direct sales to brand owners, reducing its reliance on contract manufacturers and intermediaries. By engaging brands earlier in the product design process, the Group aims to shift from supplying standardised zippers to providing more engineered, value-added fastening solutions across sportswear, workwear, and outdoor lifestyle apparel. The Group has disclosed that its direct-to-brand customer base has expanded to include a broader range of international and domestic brands, including Reebok, Mizuno, ellesse, Joma, Zpacks, Bosideng, CAMEL, Santic, QIAODAN, FIRS, and Mark Fairwhale, with these customers having commenced recurring order flows. Direct engagement with brand owners should enhance operating margins, order visibility, product responsiveness, and cross-selling opportunities, while also supporting a shift towards a higher value-added product mix.
Recently Announced Formal dividend policy. On 31 March 2026, Fuxing China announced a dividend policy targeting a minimum 15% annual payout for the next three financial years, and at the 29 April 2026 AGM shareholders approved the FY25 final dividend of RMB 0.15 per share, the share buy-back mandate, and the Fuxing China scrip dividend scheme. As we expect growth in the coming years, we have forecast dividend payout to be similar to FY25. This translates to a very attractive above the market yield of 4.2% in FY26 and 6.7% in FY27.
Potential for Value Unlocking with Wide Disparity to NAV. The Company' s share price of S$1 is just about 20% of the Group' s net asset value per share stood at S$5.40 (as at 31 December 2025). With the formal dividend policy, we believe that it reflects the Company' s confidence in its underlying business fundamentals and future growth trajectory, while signalling a more proactive and disciplined approach to capital allocation, with a clear focus on enhancing shareholder returns and unlocking long-term shareholder value.
Placement and Capital Allocation for Technological Upgrades. The Group has completed a share placement that raised S$1.25 million in gross proceeds with the issuance of 3.0 million new shares at an issue price of S$0.415 each in November 2025. Specifically, 100% of the funds will be directed towards technological research and development, alongside targeted upgrades to the Group' s intelligent manufacturing equipment and assembly lines.
Technology Updates to Improve Efficiencies. The Group is accelerating its digitalisation roadmap, its AI-enabled operating model focuses on real-time monitoring of business-unit efficiency, assets and workflows, with the explicit objective of reducing manpower, improving quality and optimising resource allocation. The company also said it is exploring enhancements to its Customer Relationship Management system to improve demand anticipation, risk management and responsiveness to shifting market conditions.
Profitability expected to improve after mixed FY25 results. Fuxing China&rsquo s FY25 revenue declined by 8.6% YoY to RMB 672.3 million, mainly due to an 11.0% YoY decrease in Zipper segment revenue to RMB 412.1 million from RMB 463.4 million in FY24, driven by lower export sales following tariffs announced by the United States on foreign imports. Despite the softer topline, gross profit improved 8.1% YoY to RMB 49.5 million, while overall gross margin expanded from 6.2% in FY24 to 7.4% in FY25. This was mainly supported by margin improvement in the Processing segment, where lower production costs and reduced wastage following automation initiatives helped enhance operating efficiency. While FY25 revenue was weighed down by a decline in export sales due to trade-war-related tariffs, this impact is expected to partially reverse in FY26 as export demand normalises, helping to close the revenue gap. Fuxing China&rsquo s FY26 revenue forecast is expected to increase 7.5% YoY to RMB 722.8 million. With continued margin improvement from automation-led efficiency gains, we forecast the Group&rsquo s FY26 gross margin will increase to 13% from 7.4% in FY25. The Group&rsquo s FY26 gross profit is expected to increase 89.8% YoY to RMB 94.0 million.
Key risks ahead include credit risk and long-dated trade receivables macroeconomic slowdowns and raw material volatility.
Investment recommendation. We initiate coverage on Fuxing China with a BUY rating and a target price of S$1.51, based on Fuxing China FY26 forward EPS of RMB 1.47 (S$0.22) and applying a 60% discount to the mean forward PER of 13.6x of its peers, representing a 52% upside from current levels. We note that our target price of S$1.51 is 72% lower than the Group&rsquo s latest NAV per share of S$5.40
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For_The_Next_Leg
Master |
18-May-2026 10:29
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World Cup is coming. They are manufacturers for many of the world cup jersey sponsor.
https://en.wikipedia.org/wiki/2026_FIFA_World_Cup
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Sunraku
Member |
11-May-2026 19:49
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Fuxing Accelerates Direct-to-Brand Strategy with an Expanding Portfolio of International and Domestic Brand Owners
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tedlim
Veteran |
07-May-2026 10:50
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Insider purchases is a good sign...NAV is S$5.40 per share...but share price is S$1. Market cap is S$21million, cash at bank is S$35 million. Dividend policy is 15% of profit for next 3 years...hmm, VALUE waiting to be unlock? |
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Joelton
Supreme |
07-May-2026 10:31
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Fuxing has announced that its CEO, Mr. Hong Shao Lin, has increased his deemed interest in the Company through a series of market transactions.
&bull Acquired a total of 77,000 shares across multiple transactions on 4&ndash 5 May 2026
&bull Total consideration of approximately S$81,085 paid for the acquisitions
&bull Deemed shareholding increased to 87,000 shares, representing 0.43% of the Company&rsquo s issued share capital
These purchases were conducted via open market transactions, reflecting continued alignment of management with shareholder interests and reinforcing confidence in the Group&rsquo s long-term prospects.
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For_The_Next_Leg
Master |
05-May-2026 08:49
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This picture in page 1 of the annual report says a thousand words.
https://links.sgx.com/1.0.0/corporate-announcements/MYWNPDICX99A246R/cf66cc4678b388d588cb06deb67e091e7bad3d09fd56ade61ef97b009a40eda8
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For_The_Next_Leg
Master |
06-Apr-2026 09:32
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Its time tor reward your shareholders.
https://links.sgx.com/1.0.0/corporate-announcements/VG2HCQYLMED95CKM/dd0091e6b7235af640bcac7388b15108d311969f59e2bd5782b768da9792b16a
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Joelton
Supreme |
01-Apr-2026 09:13
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Fuxing Announces Dividend Policy Targetting a Minimum 15% Annual Dividend Payout for Next Three Financial Years
Fuxing China Group Limited has announced the adoption of a formal dividend policy, reinforcing its commitment to delivering sustainable shareholder returns and disciplined capital management. Under the policy, the Group is targeting a minimum annual dividend payout of 15% of profit attributable to equity holders for the next three financial years (FY2026&ndash FY2028).
The Group continues to demonstrate financial strength, supported by:
&bull Positive operating cash flow of RMB76.2 million
&bull Cash and cash balances of RMB191.9 million
&bull Net asset value per share of RMB29.60 (approximately S$5.40)
This dividend policy marks a key milestone in strengthening the Group&rsquo s capital allocation framework, balancing growth ambitions with consistent and sustainable returns to shareholders.
See more details here: https://www.3fzipper-ir.com/view& id=1184
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