The Business Times
business-time-50
HOCK LOCK SIEW

Fu Yu shows how articulating its plans well can revive investors’ interest

google-preferred-sourceAdd BT as a preferred source
Yong Jun Yuan

Yong Jun Yuan

Published Thu, Dec 14, 2023 · 05:00 AM
    • Fu Yu Corporation chief executive David Seow has introduced fresh plans to reinvest the company's earnings for growth.
    • Fu Yu Corporation chief executive David Seow has introduced fresh plans to reinvest the company's earnings for growth. PHOTO: BT FILE

    FU YU Corporation’s business update at the end of November, accompanied by a media briefing on the same day, was a positive surprise for the market.

    Under new chief executive David Seow, Fu Yu is implementing fresh initiatives to revitalise the company. Shareholders sent the stock up 3.3 per cent that same day.

    It closed on Wednesday (Dec 13) at S$0.134, up 8.9 per cent since the announcement, giving the company a market capitalisation of S$101.4 million.

    Hock Lock Siewfu yu corpSingapore manufacturingSpotlight

    TRENDING NOW

    The deal for the sale of Scotts Square mall, just off Orchard Road, is said to be in the early stages of being worked out, at a price of about S$320 million.

    Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its viability as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More