Fu Yu Corporation senior management has been doing a wonderful job of streamlining their manufacturing operations to rein in excess capacity and cost. On 7th August 2020 (after SGX closed for the week), Fu Yu made the announcement for the closure of factory in Chongqing, China. This is on the back of the Shanghai factory closure in previous FY2019. Financial impacts:There will be a one off restructuring cost of S$1Mil for the 1st half of the financial year due to the closure of Fu Yu Chongqing. Other than that, this closure does not have a significant impact to the profitability of the group. While the revenue contribution is around 10% to the Group, the net profit contribution makes up only  1% for profit before tax numbers. I view this as a good time to right size the Chin

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Hi everyone,After roughly one month of investing, below is my current holdingFu Yu - 22000 sharesHRnetGroup - 6100 sharesEC world reit - 10000 sharesAscendas Reit - 60 sharesThese are my 4 defenders of course Ascendas is pretty small in terms of weight age, but I m waiting for it to go down before I add moreSo as of today my total portfolio value is $16,733.30. I m slowly moving towards my goal of $20,000 this year.With me luck

Share price of Fu Yu Corp has surged by 52% relative to one year ago. The main reason for the sudden spike in January 2020 was due to the announcement of the redevelopment of its 7 Tuas Drive premises. Fu Yu Corp is embarking on a drive to expand and improve its operations in Singapore through the construction of a larger building to house a factory, warehouse and office space. 1. Fu Yu Corp retained too much cash on its balance sheet which are none productive- Good and BadAs at 30 September 2019, total cash on the balance sheet was a staggering sum of S$84.6Mil which is S$0.112 per share. The good point is that based on market price of S$0.285 as at 17 January 2020, this means that 38.8% of Fu Yu Corp fair value are being backed up by physical hard cash. The bad point however is that

Hi everyone!Today I am going to share the update of my current portfolio.Currently I am focusing on 3 shares so that I can concentrate better and also focus more time on my day job.The 3 shares that I have (I have shared before) are:Fu Yu: 20000 shares (current price at 0.285)Hrnetgroup: 6100 shares (current price at 0.605)Ascendas Reits: 1160 shares (current price at $3.10) I have added an additional 2100 shares of hrnetgroup at the price of $0.60 which I think is a good price to add on more. Hopefully hrnetgroup will be able to rise again to it's ipo pricr, while collecting dividends of around 4.8%Ascendas Reit, nothing much on this, it steadily going up and I am glad to have a positive capital gain on this. I will just put it in cold storage mainly to collect dividends than capital

Hi Everyone,Hope you have a great year for 2019, it is definitely for me as this year quite a number of things happen to me especially my job change, new colleagues and new challenge. Also this year is the year that I start building up my portfolio.So below is my portfolioFu Yu - 20000 sharesAscendas Reit - 1160 sharesHRNet Group - 4000 sharesSSB - 10000 unites ($1 each)Total portfolio value: $20,775Dividends collected this year: $405.83Dividends not that fantastic but it is still growing and hopefully my portfolio can hit $35,000 next year, with the dividend yield of 5% ($1750)Of course, there is still CPF portion, the interest is going to come by early Jan 2020. Will be wondering how much i will get.So with this, I will end my blog!!See ya!

It's already November 2019, two more month before the start of year 2020. This year was an eventful year for me as I just changed my job and lots of new challenges are laid down infront of me to go through.Things have settled down for me and now it's time for me to plan my savings and investment journey!This year spend quite a lot on treatment for my family, so my savings has been quite stagnant for this year, not much growth. Hopefully next year will be a good year but let's see how it goes.So my financial updatesMy assets are still the same, whereby I live in my condo that I bought two years ago and I have checked the latest price in srx, the value went up by $100k, which is a good sum but didn't have the intention to sell my unit yet.My stock/bond investmentFu Yu - current value $4500IS