Brokers' take

Fu Yu Corp | Buy Target price: S$0.23 Nov 15 close: S$0.174 RHB Research Institute, Nov 15

We maintain "buy" with a new S$0.23 target price from S$0.22, a 35 per cent upside plus 9.4 per cent FY2018 yield - this is as we lift FY2018-2019 earnings by 7 per cent.

Fu Yu reported an exceptional Q3 2018, with continued topline growth of 4.4 per cent and Patmi surging 543 per cent year-on-year. We expect continued revenue and margins expansion from new projects in the automotive, consumer and medical spaces.