Monday, May 16, 2016

Fu Yu

Fu Yu: (S$0.194) Steep selloff on appalling results
- 1Q16 net profit crashed to $1m (-75.5%).
- Revenue slipped 10.4% on a significant decrease in orders.
- While net cash pile grew, management guided for a challenging outlook ahead.
- Fall in share price today resulted in a fair valuation.

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