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Fu Yu Last:0.104

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Cash Rich Lucky Stock - Fu YU

Hope u' re right, some movement in Fu Yu now....

Y?

ETLee8 ( Date: 11-Mar-2021 11:14) Posted:

UMS n Frenken moving up, Fu YU sh follow too. Coming !!!

Depends on the owners and how much they owned lah. If your company is not doing well of course your bargaining power is not there.
FU YU is making money all this while and the growth potential is still very much there. Pilgrims bought 30% stake here. There must be a good reason !!!

lausk22 ( Date: 11-Mar-2021 10:44) Posted:

But based on trend, so far. all takeovers or privatizations have been made with lowball valuations and offers. We heard so-called independent directors made oxymoron comments that offers were unfair but reasonable. No relevant authorities came out to speak up against such practices. Retail investors only can suck thumbs and force to take whatever is offered. Will Fu Yu be an exception? Unlikely so.

ETLee8 ( Date: 11-Mar-2021 10:24) Posted:

Something is brewing here lor. Either takeover target or delisting (due to cash rich)

But based on trend, so far. all takeovers or privatizations have been made with lowball valuations and offers. We heard so-called independent directors made oxymoron comments that offers were unfair but reasonable. No relevant authorities came out to speak up against such practices. Retail investors only can suck thumbs and force to take whatever is offered. Will Fu Yu be an exception? Unlikely so.

ETLee8 ( Date: 11-Mar-2021 10:24) Posted:

Something is brewing here lor. Either takeover target or delisting (due to cash rich).

Joelton ( Date: 08-Mar-2021 09:17) Posted:

Fu Yu Corporation

Between Feb 25 and March 1, Fu Yu Corporation independent director Haytham T KH S Al Essa acquired one million shares of the listed company for a consideration of S$285,000.

This took the direct interest of the recently appointed director to 0.13 per cent.

On Feb 23, Fu Yu Corporation reported that its FY20 (ended Dec 31) net profit grew 33.3 per cent to S$16.9 million from S$12.7 million in FY19, with the group ending the year with a cash balance of S$106.6 million and zero borrowings.

Although group revenue was softer, group CEO Elson Hew noted that the Singapore operations had displayed a resilient performance with stable revenue and higher segment profit.

Something is brewing here lor. Either takeover target or delisting (due to cash rich).

Joelton ( Date: 08-Mar-2021 09:17) Posted:

Fu Yu Corporation

Between Feb 25 and March 1, Fu Yu Corporation independent director Haytham T KH S Al Essa acquired one million shares of the listed company for a consideration of S$285,000.

This took the direct interest of the recently appointed director to 0.13 per cent.

On Feb 23, Fu Yu Corporation reported that its FY20 (ended Dec 31) net profit grew 33.3 per cent to S$16.9 million from S$12.7 million in FY19, with the group ending the year with a cash balance of S$106.6 million and zero borrowings.

Although group revenue was softer, group CEO Elson Hew noted that the Singapore operations had displayed a resilient performance with stable revenue and higher segment profit.

Fu Yu Corporation

Between Feb 25 and March 1, Fu Yu Corporation independent director Haytham T KH S Al Essa acquired one million shares of the listed company for a consideration of S$285,000.

This took the direct interest of the recently appointed director to 0.13 per cent.

On Feb 23, Fu Yu Corporation reported that its FY20 (ended Dec 31) net profit grew 33.3 per cent to S$16.9 million from S$12.7 million in FY19, with the group ending the year with a cash balance of S$106.6 million and zero borrowings.

Although group revenue was softer, group CEO Elson Hew noted that the Singapore operations had displayed a resilient performance with stable revenue and higher segment profit.

This one is ripe and ready to breakout very soon. A lot of buying everyday. Matter of time now.

ETLee8 ( Date: 01-Mar-2021 22:28) Posted:

Lately this guy hv been buying

https://links.sgx.com/FileOpen/_Form%201%20-%20Haytham.ashx?App=Announcement& FileID=650351

ETLee8 ( Date: 25-Feb-2021 11:40) Posted:

CGS-CIMB Research&rsquo s William Tng has maintained his &ldquo add&rdquo call on Fu Yu Corp and raised his target price to 35.5 cents, up from his previous figure of 28.8 cents.

Tng said that the company&rsquo s FY2020 revenue, which came in 15.9% lower y-o-y at $81.9 million was &ldquo in line&rdquo with his expectations, and that the 24.7% growth in profits to $9.5 million was 9% above his forecasts.

The better-than-expected net profit performance was due to a leaner cost structure achieved with the restructuring of its China operations.

Tng highlighted that selling and administrative expenses fell 17.4% y-o-y in FY2020, and other notable items in FY2020 results were a gain on disposal of property, plant and equipment of $1.7 million.