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Brokers' take

Published Mon, Apr 15, 2019 · 09:50 PM

Fu Yu Corp | Buy (maintained) April 15 close: S$0.210 Target price: S$0.285 UOB Kay Hian, April 15

Fu Yu's conservative accounting policy in recognising its properties at book value has undervalued the assets by S$50 million, or 33 per cent of its market cap, based on its 2018 annual report.

We believe any potential disposal of properties to further streamline its operations could unlock hidden value and reduce operational costs.

The hidden value of these properties, its cheap valuation, diversified operatio…

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Companies & Markets

Companies & Markets

Brokers' take

KEYWORDS IN THIS ARTICLE

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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