Home
Login Register
Fu Yu    Last:0.099    -0.004

1 cent divi+ Prime takeover/Privitsation candidate

 Post Reply 81-100 of 198
 
hmmhmm
    15-Jan-2020 14:06  
Contact    Quote!
see have chance to achieve....one day kill 2 TPs bo....
 
 
Grubber
    15-Jan-2020 13:22  
Contact    Quote!
  think bb alr out 275
 
 
hmmhmm
    15-Jan-2020 13:20  
Contact    Quote!
Hmm...Great breakout....
touched  RHB TP (0.27) & progressing to 0.295 by UOB KayHian soon.....
 

 
Grubber
    15-Jan-2020 13:15  
Contact    Quote!
this counter very shortlive, game over ?
 
 
not_98percent
    15-Jan-2020 11:47  
Contact    Quote!
Writer overlooked many other positives ie 

US-China trade war : whichever way it conclude (or not), the company rationalise its China ops (its strategic plan had 6th sense on trade-war) and expanded facilities in Penang and soon Singapore. 

un-utilised and/or under-used fixed assets still on historical cost : an ongoing review by company to decide on factories that are un-utilsed or under-utilised (that are still on historical valuation). So maximising shareholder value can come in some way ...... 

So besides margin-improvements, expansion of product-line and expansion of facilities ...... above are more " meat" ......

Huataarrhh      ( Date: 15-Jan-2020 10:52) Posted:



Fu Yu Corp (FUYU SP): BUY
Market Cap: US$140m | Average Daily Value: US$0.25m
Last Traded Price: S$0.250 Price Target: S$0.35 (Upside 40.0%)


Analyst

Lee Keng LING +65 6682 3703 [email protected]
Singapore Research Team   [email protected]..

Moulding for growth
·         Turnaround in manufacturing across all regions
·         Favourable shift in product mix towards higher profitability and growth potential
·         Improving margins high cash level (0.11 Scts/share) and attractive yield at 6.4%
·         Initiate with BUY and TP of S$0.35

Turnaround in manufacturing across all regions. Manufacturing PMIs in China, Singapore, and Malaysia, where Fu Yu&rsquo s manufacturing facilities are located, are indicating an expansion in the manufacturing sector. We believe that this will lead to an uptick in earnings for Fu Yu.

Emphasis on products with higher profitability and growth potential. Part of the Group&rsquo s business strategy is to shift towards producing parts for products in the consumer, medical, and automotive space, which have higher profitability and growth potential, as compared to printing and imaging segment.

Cost efficiency to improve margins. Fu Yu is also expanding its margins through cost enhancement initiatives. The redevelopment of its Singapore factory and consolidation of its China operations in Shanghai and Suzhou will further lift normalised net profit margins to 8.2% in FY2020F, from 5.4% in FY2018.

Strong financial positioning. Fu Yu has a high cash level and no debt. Its cash level is equivalent to 44.1% of its market capitalisation and 37.7% of total assets. It has an attractive dividend yield of c.6.4% in FY2019F and TTM EV/EBITDA of 4.4x, vs peers of 6 to 7x.

Valuation:
Initiate with BUY and TP of S$0.35. Our TP is pegged to FY2020F forward PE of 16.0x, which is +1.0 SD its historical 5-year average. The current recovery of the manufacturing cycle across its operating regions, as well as its business strategies, presents an opportunity for a re-rating of the stock&rsquo s forward PE. Ex-cash, Fu Yu is trading at an attractive FY2020F PE of 7.2x.

Key Risks to Our View:
Slowdown in manufacturing activity, increasing competition, escalation of the US-China Trade War, sharp decline in USDSGD.
 

 
 
Grubber
    15-Jan-2020 11:31  
Contact    Quote!
ck also see charts , do reverse
 

 
SmallSmall
    15-Jan-2020 11:28  
Contact    Quote!
This time is different. Just look at the chart. It' s all there :)

Grubber      ( Date: 15-Jan-2020 11:23) Posted:

sell on news

 
 
Grubber
    15-Jan-2020 11:23  
Contact    Quote!
sell on news
 
 
Huataarrhh
    15-Jan-2020 10:52  
Contact    Quote!


Fu Yu Corp (FUYU SP): BUY
Market Cap: US$140m | Average Daily Value: US$0.25m
Last Traded Price: S$0.250 Price Target: S$0.35 (Upside 40.0%)


Analyst

Lee Keng LING +65 6682 3703 [email protected]
Singapore Research Team   [email protected]..

Moulding for growth
·         Turnaround in manufacturing across all regions
·         Favourable shift in product mix towards higher profitability and growth potential
·         Improving margins high cash level (0.11 Scts/share) and attractive yield at 6.4%
·         Initiate with BUY and TP of S$0.35

Turnaround in manufacturing across all regions. Manufacturing PMIs in China, Singapore, and Malaysia, where Fu Yu&rsquo s manufacturing facilities are located, are indicating an expansion in the manufacturing sector. We believe that this will lead to an uptick in earnings for Fu Yu.

Emphasis on products with higher profitability and growth potential. Part of the Group&rsquo s business strategy is to shift towards producing parts for products in the consumer, medical, and automotive space, which have higher profitability and growth potential, as compared to printing and imaging segment.

Cost efficiency to improve margins. Fu Yu is also expanding its margins through cost enhancement initiatives. The redevelopment of its Singapore factory and consolidation of its China operations in Shanghai and Suzhou will further lift normalised net profit margins to 8.2% in FY2020F, from 5.4% in FY2018.

Strong financial positioning. Fu Yu has a high cash level and no debt. Its cash level is equivalent to 44.1% of its market capitalisation and 37.7% of total assets. It has an attractive dividend yield of c.6.4% in FY2019F and TTM EV/EBITDA of 4.4x, vs peers of 6 to 7x.

Valuation:
Initiate with BUY and TP of S$0.35. Our TP is pegged to FY2020F forward PE of 16.0x, which is +1.0 SD its historical 5-year average. The current recovery of the manufacturing cycle across its operating regions, as well as its business strategies, presents an opportunity for a re-rating of the stock&rsquo s forward PE. Ex-cash, Fu Yu is trading at an attractive FY2020F PE of 7.2x.

Key Risks to Our View:
Slowdown in manufacturing activity, increasing competition, escalation of the US-China Trade War, sharp decline in USDSGD.
 
 
 
Grubber
    15-Jan-2020 10:37  
Contact    Quote!
brewing
 

 
iinvestor
    15-Jan-2020 10:37  
Contact    Quote!
Accumulation at 27 and 27.5cts...looks like 30cts is coming...swee

Maybe afternoon ....
 
 
SmallSmall
    15-Jan-2020 10:07  
Contact    Quote!
Major major breakout on chart finally !

SmallSmall      ( Date: 15-Jan-2020 09:33) Posted:

Charting new highs..... interesting super laggards in the tech sector. 
Time to buy finally?

 
 
iinvestor
    15-Jan-2020 10:06  
Contact    Quote!
Up 10% breakout...got news ah?
 
 
easywin
    15-Jan-2020 09:37  
Contact    Quote!
All tech sector will fly high with Many benefit from US-China phase 1 agreement to be signed today.
 
 
SmallSmall
    15-Jan-2020 09:33  
Contact    Quote!
Charting new highs..... interesting super laggards in the tech sector. 
Time to buy finally?
 

 
tcctcc
    18-Nov-2019 13:30  
Contact    Quote!
1.6 cents dividend translate to 6.8% yield. Cash been increasing every quarter and for 3rd quarter, though they incur factory shifting cost from Shang Hai to SuZhou, it still able to make a decent profit. With zero borrowing, this company is worth at least $0.30, catalyst will be better than 1.6 cents dividend and take over target.     
 
 
Secret_Squirrel
    14-Nov-2019 11:49  
Contact    Quote!
Now already 1,469,800 shares transacted.
I queue to sell at 23 cents yesterday at 1747hours.
Now still queuing.
Seems that a lot of people  started queuing to sell at 23 cents today before 1747hours yesterday afte closing.  wink

johnng      ( Date: 14-Nov-2019 11:36) Posted:

someone buying 23cents..all prepare to breakout...Last to board the train to huatland..

 
 
johnng
    14-Nov-2019 11:36  
Contact    Quote!
someone buying 23cents..all prepare to breakout...Last to board the train to huatland..
 
 
johnng
    14-Nov-2019 11:29  
Contact    Quote!
M& A target...easily come n go...prepared for it..
 
 
johnng
    14-Nov-2019 11:10  
Contact    Quote!
CHIONG ARH!!!
 
Important: Please read our Terms and Conditions and Privacy Policy .