Share price of Fu Yu Corp has surged by 52% relative to one year ago. The main reason for the sudden spike in January 2020 was due to the announcement of the redevelopment of its 7 Tuas Drive premises. Fu Yu Corp is embarking on a drive to expand and improve its operations in Singapore through the construction of a larger building to house a factory, warehouse and office space. 
1. Fu Yu Corp retained too much cash on its balance sheet which are none productive- Good and BadAs at 30 September 2019, total cash on the balance sheet was a staggering sum of S$84.6Mil which is S$0.112 per share. The good point is that based on market price of S$0.285 as at 17 January 2020, this means that 38.8% of Fu Yu Corp fair value are being backed up by physical hard cash. The bad point however is that most...