Hold on to this stock for attractive dividends, even as 1Q earnings disappoint

SINGAPORE (May 11): RHB has downgraded its call on Fu Yu Corporation from “buy” to “neutral” with a lower target price of 23 cents from 27 cents previously, following a disappointing 1Q17 set of results.

The fabricator of precision moulds this week posted a 46.3% decline in 1Q earnings to $0.5 million, which was due mainly to a slowdown of sales in China and Malaysia.