“Previously a dominant force, the company had experienced stagnation in capabilities and manpower over the last 10 to 15 years,” writes Yap and Chan.
SAC Capital analysts June Yap and Matthias Chan are encouraged by the 1QFY2024 ended March turnaround of precision plastics manufacturer, Fu Yu Corporation (SGX:F13
) , after the company reported a net profit of $5,200 compared to a net loss of $2.4 million a year ago.
For now, Yap and Chan have kept the stock unrated in their May 20 note.
