Fu Yu    Last:0.095    -0.001

Fuyu

Wednesday, 12 September 2007

FU YU CORPORATION LTD LCTH Corporation Berhad - (A) Proposed Sale And Leaseback; (B) Proposed Capital Repayment Involving The Following:- (i) Proposed Bonus Issue; (ii) Proposed Capital Reduction; And (C) Proposed Share Consolidation Click here to view the full announcement.

 

Halted at mid-day. Can't believe FUYU bleeding like shit also can attract pte equity interest or is it some bad news.?

 

what do you think?

0311 GMT [Dow Jones] Plastic component makers like Juken Technology
(J15.SG), Meiban (M24.SG), Fu Yu (F13.SG), Hi-P (H17.SG) may be next
takeover targets after UTAC''s (U12.SG) proposed S$2.2 billion
(S$1.20/share) buyout by Affinity Equity, TPG Capital, says Credit Suisse.
Broker says most of these stocks trading at 10-12X P/E and low capital
intensity of plastics business makes for good return once their balance
sheets geared up. Says Chartered (C27.SG) unlikely to be acquired as
foundries have high capex needs, weaker free cashflow. Most plastic stocks
currently thinly traded. (FKH)

 

 

what is the reason for fu yu movement today any idea

 

 

A little uncertain but looks to be downtrending... volumes are bad also

 

3Q loss, maintain sell by 1 report.

 

Run up already