Fu Yu    Last:0.099    -0.004

1 cent divi+ Prime takeover/Privitsation candidate

Could breakout further in-road towards 30cents

 

Well absorbed at 225 by BB, look like anytime breakout soon.

 

https://links.sgx.com/1.0.0/corporate-announcements/P0FXGZT2WINMZ66Y/Fu%20Yu%20-%20Closure%20of%20Operations%20in%20Shanghai.pdf

 

Let the price reflect the true value !

 

Solid results. Even after adjusting out for fx and non recurring items, earnings up around 20%. Vested. Will also be disposing a JV to improve cost structure. Overall appears to be taking actions to create shareholder value. 

 

Price went back to 0.21.....

 

Boustead

 

U r talking Hupsteel or boustead?

Raihan477      ( Date: 05-May-2019 23:19) Posted: My initial assessment is that even though it has a cash pile of about $38 million, it has total debt of about $100 million. Thus it is in a negative cash. tangsookiam1947      ( Date: 05-May-2019 17:41) Posted: Boustead also a cash rich company (net cash) and profitable and giving dividend every year since Day

 

$231mil cash and $291mil current liabilities as AR 31 Dec 18..

tangsookiam1947      ( Date: 05-May-2019 17:41) Posted: Boustead also a cash rich company (net cash) and profitable and giving dividend every year since Day 1 AttasBoss      ( Date: 04-May-2019 21:49) Posted: Same like Hupsteel a cash rich company with debt free

 

My initial assessment is that even though it has a cash pile of about $38 million, it has total debt of about $100 million. Thus it is in a negative cash.

tangsookiam1947      ( Date: 05-May-2019 17:41) Posted: Boustead also a cash rich company (net cash) and profitable and giving dividend every year since Day 1 AttasBoss      ( Date: 04-May-2019 21:49) Posted: Same like Hupsteel a cash rich company with debt free

 

Boustead also a cash rich company (net cash) and profitable and giving dividend every year since Day 1

AttasBoss      ( Date: 04-May-2019 21:49) Posted: Same like Hupsteel a cash rich company with debt free

 

I don?t think, Fu Yu is a potential take over or privatisation by owner targets. Their shareholdings are too diverse. Not like Challenger and Indo-Agri where the owners or founders own a majority of their company, where it is easier to sell their shares to other cash-rich buyers. I, however like Fu Yu who is run by a good management team, desirable balance sheet and giving high dividends over many years.

 

Same like Hupsteel a cash rich company with debt free

 

The current price not good? 

 

Another hyper-hyped thread title. After more than 2 years still not the faintest sign of privatisation/takeover...................
Just like the numerous thread titles with the word " Gem" .............

Myabaang      ( Date: 25-Mar-2017 18:04) Posted: End Aprilwill approve 1 cent dividend。 Fu Yu is a prime take over target/privatisation candidate。 with 105 Mio cash, no debt。 NTA 23 cents with 14 cents cash backing。 look upon an upsize target price between 30 to 33 cents in the near future。 Dbs Vickers issued a detailed report just recently。

 

Tuan Sing is privatising, Fuyu is takeover target.  So some different there.  For the right price, Fuyu' s Bosses will sell.  But the thing is, their " bar" is set quite high.  IMO, DYODD. 

 

Two years ago UOB also said Tuan Sing privatising candidate too!!, UOB 60% not true one!!

SmallSmall      ( Date: 15-Apr-2019 09:29) Posted: UOB Kay Hian report this morning Fu Yu Corp (FUYU SP) Massive Hidden Value In Properties Recognised At Cost FUYU&rsquo s conservative accounting policy in recognising its properties at book value has undervalued the assets by S$50m, or 33% of its market cap, based on its 2018 annual report. Any disposal to unlock value could further rerate the stock. The hidden value of these properties, its cheap valuation, diversified operations and low utilisation rate make FUYU an attractive takeover target. FUYU offers dividend yield of 8.5% for 2019, and net cash forms 53% of its market cap. Maintain BUY and TP of S$0.285. WHAT&rsquo S NEW &bull Disclosure of properties&rsquo market value in 2018 annual report indicates massive hidden value. In its latest 2018 annual report, Fu Yu Corp (FUYU) revealed that the fair value of its leasehold properties amounts to S$65.7m, with carrying amount of S$15.6m. This S$50m discrepancy indicates FUYU&rsquo s book value is undervalued by 7 S cts/share or 33% of its market cap. &bull Deeper research on FUYU&rsquo s properties shows consistent data. To uncover the up-to-date value of FUYU&rsquo s properties, we pegged the value of its land to the latest transaction price. As a result, we derived a value of S$62.5m, slightly below the fair value estimated by FUYU in its 2018 annual report that amounted to S$65.7m. In addition, we note that FUYU&rsquo s most valuable properties are located in Singapore, followed by Malaysia and China. To recap, all nine of FUYU&rsquo s properties including an investment property in Malaysia, are being recognised on its balance sheet at cost less accumulated depreciation. &bull Potential disposal of properties could unlock value, and hidden value makes FUYU an attractive takeover target. We believe any potential disposal of properties to further streamline its operations could unlock the hidden value and reduce operational costs. Furthermore, the hidden value of its assets, on top of its cheap valuation, diversified operations and low utilisation rate, makes FUYU an attractive takeover target. &bull Recent takeover offer of PCI at attractive premium could lead to re-rating. On 4 Jan 19, PCI announced it had received a takeover offer from Platinum at S$1.33 per share, a premium of 60.1% over the volume weighted average price of the shares for the 12-month period up to 17 Sep 18. The valuation metrics of 5.5x TTM EV/EBITDA based on the offer price is 83% higher than FUYU&rsquo s 3.0x 2019F EV/EBITDA.

 

This one need some BBs power to move..........
 

 

is this time for real?

 

Takeover target talk has been going on for so long, market will crash first before this becomes a takeover target. If i remember correctly, takeover news was first broached 2 YEARS AGO. Same UOB .