(05-09-2013, 02:02 AM)Townboy Wrote: Last quarter was really a weak quarter. The concern for current quarter is high oil price.
- vested
Yes, Q2 result was not as good as Q1/13 but better than Q2/12. This quarter high oil price could be in the pictures but there are fundamental changes inside Fu Yu that would offset this negative factor. it already showed good result.
1) Fundamental changes with the Malaysia Sub "As the disposal was completed only in Jun 2013 and sub-tenancy agreement is yet to be effective, there was no material impact to the operational performance of the Malaysia segment in Q2 FY2013"
2) US/Sing exchange rate is going to be better for Fu Yu
3) Healthy Balance sheet, 61.1 Mils Cash even after paying off 1 mils deb and spent 3.1 mils on CAPEX.
"The Group’s cash and cash equivalents (excluding cash deposits pledged) stood at S$61.1 million as at 30 Jun 2013, an increase of S$14.3 million from cash and cash equivalents as at 31 December 2012.The net cash inflow was partly offset by the repayment of financial liabilities of S$1.0 million and purchase of property, plant and equipment of S$3.1 million"
Again Fu Yu climbed up 4.9% today on high volume (5 mils) it is looking quite good at NAV 22.11 cents