Fu Yu    Last:0.104    -0.001

Cash Rich Lucky Stock - Fu YU

Ya, I only bought 50k at 33 and 50k at 29. Will buy more if it goes down some more. Park a little bit of money here I think very safe. This stock is almost like a blue chip isn&rsquo t it?

papayaface      ( Date: 19-Jan-2021 19:46) Posted: No worries. The new shareholder Pilgrim will surely know how to make the company' s share price double in value in a matter of time. Just hang on for a short while. Good luck  ThankYou      ( Date: 19-Jan-2021 17:10) Posted: Why sad? What happened??

 

Pilgrim should be able to unlock Fu Yu real value in the share price. From the looks of historical data, Fu Yu share price was depressed for so long.

 

No worries. The new shareholder Pilgrim will surely know how to make the company' s share price double in value in a matter of time. Just hang on for a short while. Good luck 

ThankYou      ( Date: 19-Jan-2021 17:10) Posted: Why sad? What happened??? bicboi      ( Date: 19-Jan-2021 16:59) Posted: those who chased from 3 and above sad, heng nvr pull the trigge

 

Fu Yu founders retire, sell 29.8% stake in company for S$58.3m
TUE, JAN 19, 2021 - 10:38 AM

THE co-founders of Fu Yu Corp have sold a 29.8 per cent stake, amounting to 224.4 million shares in the company, for S$58.3 million to local fund management firm Pilgrim Partners Asia.

Based on the precision plastic components maker' s share sale agreement with the firm, Ching Heng Yang, Ho Nee Kit and Tam Wai have retired from their board positions at Fu Yu with effect from Jan 18.

The trio are co-founders of the company, which was established in 1978. Mr Ching has since resigned as vice-chairman of Fu Yu' s board. Together with Mr Tam and Mr Ho, he has also stepped down as an executive director of the company.

In its late-night filing on Monday, Fu Yu said the three men have been " pivotal to the development of the group, which has grown into one of the largest manufacturers of precision plastic products in Asia today" .

" The board would like to take this opportunity to express its heartfelt appreciation to the founders for their dedicated service and invaluable contributions as directors during their tenure of service. The board wishes them well in their retirement and future endeavours," the company added.

With the retirement of its co-founders, Fu Yu has named Choo Boon Tiong in place of Mr Ching as vice-chairman of the board and executive director of the company. David Seow Jun Hao was appointed executive director of the company, while Haytham T KH S Al Essa was appointed as an independent director of the company.

All three new appointments are effective Jan 18.

Fu Yu' s divestment and board changes were announced after the company called for a trading halt on Monday upon being queried by the Singapore Exchange for " unusual price and volume movements" in the firm' s shares, which saw the counter spike 23.2 per cent or 6.5 Singapore cents to an intraday high of 34.5 cents at around 4pm.

https://www.businesstimes.com.sg/companies-markets/fu-yu-founders-retire-sell-298-stake-in-company-for-s583m

 

Why sad? What happened???

bicboi      ( Date: 19-Jan-2021 16:59) Posted: those who chased from 3 and above sad, heng nvr pull the trigger desmondxyz      ( Date: 19-Jan-2021 16:56) Posted: Selling pressure is high....it might close at 285....moving towards 26

 

those who chased from 3 and above sad, heng nvr pull the trigger

desmondxyz      ( Date: 19-Jan-2021 16:56) Posted: Selling pressure is high....it might close at 285....moving towards 26

 

Selling pressure is high....it might close at 285....moving towards 26

 

Why privatisation?

 

I got feeling privatization coming... like 6-12 mths. Reminds me of Delong. That time was a big huat

 

new blood coming on board with cash-rich and zero borrowing
more to come !!

 

Bought at 29 again. Yes I think long term will be good.

 

Not yet over, more to come soon.  It is a much better company than its peers such as Frenken,  Valuetronics, ..
https://www.investor-one.com/editorial/12410-Stocki1-Fu-Yu-Corporation-Limited-Upcoming-Earnings-Announcement

 

....... as they are not a competitor (to Fu Yu), their likely intention is to have at least majority 51% stake or better take Fu Yu private in the short-medium term. But getting the balance% shares to reach 51% or taking it private is a diff ball-game .... unlikely to succeed at their recent entry-price. Their intent is to flip the biz as it is attractive to competitors in precision plastic industry who wants a (or expand its)  presence in APAC  ....... as long as they continue with their rate of dividend payments .... no concerns

Leon1954      ( Date: 19-Jan-2021 09:28) Posted: Simple: Make money in buying an undervalued stock tcshares      ( Date: 19-Jan-2021 09:23) Posted: what' s  Pilgrim Partners motive in FUYU? hmmmm....

 

Fu Yu fell to $ 0.185 in March 2020 , it went up slowly to $ 0.345 yesterday breaking previous high of $ 0.29 created in January 2020 . It would make a technical correction around $ 0.29 before going to $ 0.55 which is a Fibonacci target.

bicboi      ( Date: 19-Jan-2021 08:56) Posted: gonna open lower alr kiattttt      ( Date: 19-Jan-2021 08:46) Posted: Those who chased will probably get punished

 

Shortist going to die hard on this when buying back by SGX for naked short.
This company used to be at serangoon and shifted to Tuas side.
One of few company that survived few round of economic crisis.

Leon1954      ( Date: 19-Jan-2021 09:28) Posted: Simple: Make money in buying an undervalued stock tcshares      ( Date: 19-Jan-2021 09:23) Posted: what' s  Pilgrim Partners motive in FUYU? hmmmm....

 

Simple: Make money in buying an undervalued stock

tcshares      ( Date: 19-Jan-2021 09:23) Posted: what' s  Pilgrim Partners motive in FUYU? hmmmm....

 

what' s  Pilgrim Partners motive in FUYU? hmmmm....

 

should be rip for those who shorted yesterday...

 

rip those who chased, down 10%

 

Looks like a BB is in play.