17-05-2013, 07:48 AM
In terms of operating results and profitability, Fu Yu is not out of the woods yet and is worst off when compared with better managed Fischer Tech and Sunningdale Tech. In terms of discount of share price vs. NAV, all 3 are in the same boat, so it is quite clear that Mr Market is not at all happy or positive towards the plastic parts industry yet. Of course, this may change in the future, however it is more likely to happen first for the better managed companies. Among the 3, Sunningdale Tech pays a regular yearly dividend of $0.006/share, and Fischer Tech has started to pay dividend again in last FY12 - $0.006/share.