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

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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

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