Fu Yu Corp - RHB Invest 2016-03-11: Top Pick across the manufacturing space
FU YU CORPORATION LTD F13.SI Fu Yu Corp - Top Pick across the manufacturing space
- We brought Fu Yu Corporation (FUYU SP), our top Pick across the manufacturing space in Singapore on a Non-Deal Roadshow yesterday and here are our key takeaways from it.
- Firstly, management indicated that more dividends likely to be given as long as retained profits and profits generated can support the payout.
- We have also discovered that the share buyback mandate to purchase up to 10% of its total share has been approved and management is in the midst of allocating its budget for the buyback.
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