SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay. The company’s net construction order book now stands at about $1.5 billion. That is about 58% higher than the $947 million at the en...

SINGAPORE (May 9): Fu Yu Corporation, the manufacturer of precision plastic parts, reported 1Q19 earnings of $1.6 million, more than doubled from $0.5 million in 1Q18, driven mainly by higher gross profit margin and a decrease in operating expenses. Revenue for 1Q19 closed 0.7% higher at $46.7 mill...

SINGAPORE (Apr 15): UOB KayHian says any potential disposal of properties by Fu Yu Corp to further streamline its operations could unlock the hidden value and reduce operational costs. Furthermore, the hidden value of Fu Yu’s assets, on top of its cheap valuation, diversified operations and low u...

SINGAPORE (Mar 19): RHB Research is sticking to its bottom-up approach in the tech sector, focusing on key selection of stocks which have sound fundamentals and balance sheet as well as good growth despite the ongoing trade war issues. This means RHB tries to identify the laggards -- those which ha...

SINGAPORE (Mar 19): RHB Research is sticking to its bottom-up approach in the tech sector, focusing on key selection of stocks which have sound fundamentals and balance sheet as well as good growth despite the ongoing trade war issues. This means RHB tries to identify the laggards -- those which ha...

SINGAPORE (Feb 28): CGS-CIMB Research continues to rate Fu Yu Corp “hold” with a target price of 20 cents. This came on the back of the group announcing that its 4Q19 earnings increased by 21.7% y-o-y to $2.9 million, despite an 8.8% drop in revenue to $48.1 million. Meanwhile, FY18 earnings mo...

SINGAPORE (Feb 26): Fu Yu Corp, the manufacturer of precision plastic parts and moulds. reported a 21.7% rise in 4Q earnings to $2.9 million from a year. For FY18, the group registered earnings of $11.9 million, surging from $4.5 million in FY17. For 4Q18, Fu Yu reported revenue of $48.1 million, d...

SINGAPORE (Feb 8): UOB Kay Hian is maintaining its “buy” call on NetLink NBN Trust considering its dominant market share of  90% and 34% for residential and non-residential fibre connections, respectively, where growth is projected at a three-year CAGR of 6.2%-8.5% for FY18-21. In a Friday rep...

SINGAPORE (Jan 23): RHB Research has an “overweight” rating on banks for the sector’s strong growth and high yields; the consumer and industrial space as defensive sector picks; as well as REITs that are beneficiaries of improving economic activity, and/or with strong balance sheets. This com...