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An update from Fu Yu Corporation Limited ( (SG:F13) ) is now available.
Fu Yu Corporation Limited has addressed shareholder questions on its recent financial underperformance, attributing consecutive loss-making years to margin pressures, foreign exchange volatility, weaker demand in some markets, and significant one-off costs such as investigation fees, facility closure expenses, and provisions for doubtful debts and obsolete inventories. Despite these challenges, the board highlighted that the core manufacturing business improved, with manufacturing gross profit rising 14.8%, margins climbing to 14.5% in FY2025, and a return to profitability in the second half of FY2025, while management pursues ongoing operational efficiency initiatives.
The board also detailed extensive governance and remuneration issues tied to the former group CEO, including a generous restricted share plan, a five-year lock-in employment clause, and the absence of claw-back provisions, all of which are under investigation by independent directors with external advisors. Following the CEO’s termination, Fu Yu received legal demands over alleged wrongful dismissal and defamation, but the company is seeking legal advice, maintains that these disputes do not affect ongoing operations, and has closed off earlier investigations into past claims after concluding there were no grounds to pursue them further.
More about Fu Yu Corporation Limited
Fu Yu Corporation Limited is a Singapore-incorporated group engaged in manufacturing, with a core business focused on its plastics-related and precision manufacturing operations. The company operates across multiple markets and has recently concentrated on improving operational efficiency, optimising its manufacturing footprint, and enhancing governance oversight to restore profitability and long-term competitiveness.
Average Trading Volume: 2,506,891
Technical Sentiment Signal: Hold
Current Market Cap: S$84.58M
For a thorough assessment of F13 stock, go to TipRanks’ Stock Analysis page.