In a bullish market environment, it is often difficult to find companies that provide a long term value with a sufficient margin of safety to shareholders. Because of such difficulties, we often see investors pumping up their investment in commonly seek blue chip companies that pushes its price to earnings to record high these few years.
However, this stock that I will be highlighting shortly is currently trading at a massive discount. In fact, they are trading at less than what the cash value is worth on their books. I will be explaining in further detail later.
The company mentioned is Fu Yu Corporation.
To give a little bit of the background, the company was started in 1978 and listed in the SGX in 1995. The company is in the business of moulding, fabrication and assembly and they are a pioneer in the major plastics manufacturer. I ......