Fu Yu Corporation - SAC Capital 2024-05-20: 1Q24 Turnaround Fuels Growth Trajectory

• Fu Yu (SGX:F13) achieved a turnaround in 1Q24, reporting a net profit of S$5,200 compared to a net loss of S$2.4 m in 1Q23.
• One of its two business segments, the supply chain arm made a net profit of S$0.4m in 1Q24 and broke even in 1Q23. This implies its manufacturing business saw a significant y-o-y reduced loss of S$0.4 m in 1Q24 from a loss of S$2.4m in 1Q23.

The contrast between Fu Yu now & in the past is striking.

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Establishment of a New Products Introduction (NPI) team.

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Smart factory a significant advancement

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Price targets by other brokers at Fu Yu Target Prices.

Listing of research reports at Fu Yu Analyst Reports.

Relevant links:
Fu Yu Share Price History,
Fu Yu Announcements,
Fu Yu Dividend Payout Dates & Corporate Actions,
Fu Yu News