| Latest Forum Topics / Fu Yu Last:0.104 -- |
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OUE
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ETLee8
Master |
11-Aug-2021 21:53
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Swee Mak Mak. These Pilgrims know how to take money out.
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Octavia
Supreme |
11-Aug-2021 21:50
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When is dividend ex-date and payable date? | ||||
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not_98percent
Senior |
11-Aug-2021 20:10
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........... this is great news ............ held this for a long-time and accumulated long b4 it even hit $0.20 ..................... when there' s no voodoo-chartist and/or TP call (or coverage) from ghost-houses ..... bought on sheer understanding of the biz and reading their financials. New major s/holders and team understandably with new strategies and directions
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ichiban
Member |
11-Aug-2021 19:24
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dvd payout is 27.86 million 3.7 cents X 753 million issued shares = 27.86 M new ssh taking back some money off the table.
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vinc3538
Member |
11-Aug-2021 18:45
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record div yield ...that almost 20M bucks given out ....estimated calculation...no joke... | ||||
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nott1965
Veteran |
11-Aug-2021 18:08
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35 cents tomorrow | ||||
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spursfan
Supreme |
11-Aug-2021 17:39
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NEWS RELEASE Fu Yu&rsquo s net profit improves 20.1% to S$8.9 million in 1H21 Paying dividends totaling 3.7 cents per share - Gross profit margin in 1H21 improved to 23.8% from 21.4% in 1H20 - Declared higher ordinary interim dividend of 0.4 cents per share and special dividend of 3.3 cents per share for 1H21 - Financial position remained sound with cash of S$100.2 million and zero borrowings - Group embarked on business diversification via an acquisition in July 2021 https://links.sgx.com/1.0.0/corporate-announcements/3R7OP9U4CACGKL60/678177_Fu%20Yu%20-%20News%20Release%201H2021.pdf |
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longterminvestor
Master |
06-Aug-2021 09:11
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Look ready today
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Joelton
Supreme |
26-Jul-2021 13:41
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Fu Yu Corporation
On July 16, Fu Yu Corporation announced that its wholly-owned subsidiary, Fu Yu Ventures, entered into a sale and purchase agreement (SPA) to acquire Avantgarde Enterprise (Avantgarde) for a consideration of US$4.5 million.
Avantgarde was incorporated in Singapore on Nov 11, 2019 and is engaged in the business of providing supply chain management services for commodities and trading in exchange-traded financial futures.
For its FY20 (ended Dec 31), Avantgarde recorded net profit before tax of approximately S$3.73 million.
Fu Yu Corporation engaged JLB Alliance to provide a valuation report (on a scenario basis) on Avantgarde, issued on May 10.
Fu Yu Corporation intends to fund the acquisition through internal resources and reserves.
For its Q1FY21 (ended March 31), the company' s net profit climbed 15.9 per cent to S$5.1 million from Q1FY20, with the balance sheet remaining robust with cash holdings of S$108.2 million and zero borrowings.
On July 19, Fu Yu Corporation appointed Christopher Huang as an independent director of the company.
Mr Huang is the managing director of CHP Law, which provides value-driven and cost-efficient legal services that span corporate law, mergers & acquisitions, tax, private clients, general commercial advice, corporate governance, shareholder disputes, commercial disputes, cross border transactions, restructuring & insolvency, and employment.
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PhillipTan
Supreme |
21-Jul-2021 03:02
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DBS maintains ' buy' call and 40 cents on Fu Yu following Avantgarde EnterpriseDBS analyst Chung Wei Le has kept his " buy" call and 40 cents price target on Fu Yu Corp following the manufacturer' s US$4.5 million acquisition of Avantgarde Enterprise.The privately-held company, which was sold by one Hu Huilan, was incorporated in Singapore on Nov 2019 and is in the provision of supply chain management services for commodities and trading in exchange-traded financial futures (derivatives). Fu Yu, which is funding this deal internally, expects to complete the transaction by July 30. For the FY ended Dec 30, Avantgarde Enterprise reported earnings before tax of $3.73 million and it has a net book value of $3.14 million. According to Fu Yu, the acquisition lets it diversify into a new business area given how it is " challenging to purely rely on its core manufacturing business to continue a growth trajectory," writes Chung. Fu Yu plans to centralise its resin procurement process via Avantgarde Enterprise and achieve cost savings through economies of scale. On a proforma basis, assuming the acquisition was completed on Jan 1 2020, Fu Yu' s earnings would have increased by 18.4% to $20 million from $16.9 million. Calling it " the best of both worlds" , Chung is upbeat on this deal. " We believe that the deal is both cheap and strategic &ndash attractive valuations and it opens a new business opportunity," writes Chung in a July 19 note. " However, the sustainability of Avantgarde Enterprise' s earnings is uncertain as we should bear in mind that FY20 was a very volatile year for commodities and profits could be exceptional," cautions Chung. He also notes that Fu Yu' s revenue growth, at 4.6% CAGR from FY2020 to FY2021, is " lacklustre" . As such, the main driver of net profit (9.3% CAGR from FY20-23F) is from the expansion of its operating margins. Nevertheless, the acquisition of Avantgarde aside, Chung is already bullish on Fu Yu, given its attractive valuations of price-earnings ratio of 6.1 times excluding cash, and FY2021 dividend yield of 5.2%. The company' s cash balance of $102.1 million, post-acquisition, is equivalent to 44.5% of its market value. Fu Yu closed July 19 at 30 cents, down half a cent. |
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nott1965
Veteran |
14-Jul-2021 14:59
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Heard Malaysian factory badly hit by COVID shutdown? | ||||
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tcshares
Senior |
24-May-2021 21:11
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time to take some position on this F | ||||
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Patkeane
Senior |
16-Apr-2021 13:31
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Moving up.......
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tcshares
Senior |
16-Apr-2021 11:15
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niceee...... | ||||
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not_98percent
Senior |
15-Apr-2021 18:31
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' Buy' Fu Yu Corp on attractive yield and privatisation prospects: RHBPublished on Thu, Apr 15, 2021 / 4:34 PM
.... maintains his &lsquo buy&rsquo rating for Fu Yu with a higher target price of 37 cents from 33 cents following a 7% rise in estimated FY2021 ending December PATMI on " a leaner cost structure and continuing shift towards higher margins" . &ldquo With $106.6 million in net cash and 5% FY2021 yield with good prospects &ndash as well as a privatisation angle &ndash we remain optimistic on Fu Yu Corp&rsquo s future and retain our recommendation on this stock,&rdquo he writes in an April 13 research note. ... notes that a potential privatisation is not off the table as Fu Yu&rsquo s new investor, a variable capital company managed by Pilgrim Partners, owns 29.8% of the company, close to the mandatory takeover threshold of 30%.
But he does not see a takeover happening in the near term, believing that the new investors and team will have to settle in and get to know the group better first. https://www.theedgesingapore.com/capital/brokers-calls/buy-fu-yu-corp-attractive-yield-and-privatisation-prospects-rhb
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not_98percent
Senior |
07-Apr-2021 16:47
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............. not so soon. Their mettle will be put to the test in the next few Q results
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AttasBoss
Elite |
07-Apr-2021 16:05
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most likely offer 0.35, see the chart ATH | ||||
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Patkeane
Senior |
07-Apr-2021 16:01
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High chance to delist . | ||||
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bornloser
Senior |
05-Apr-2021 13:06
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Announcement
Dividend $0.0125
Ex record date 14/5
Correct me if wrong
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tcshares
Senior |
05-Apr-2021 11:48
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unusual high volume today...Hmmmm... | ||||
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