Fu Yu Corporation which used to give out high dividend yield of 7% is in an imminent crisis. For the past 12 months, Fu Yu Corporation share price has been spiralling non-stop downwards.  From S$0.265 per share 12 months ago to S$0.160 per share as at 8 August 2023,  this is a whopping 40% collapse in its share price. There have been a few red flags that have arisen at Fu Yu Corporation which I should discuss further below. In summary, it began with the resignation of their ex-CFO in late 2022 and more recently, a dire profit warning released by Fu Yu's management on expected losses for the 1st half of FY2023. (Note: I have started my own You-Tube Channel and has uploaded a video on Fu Yu Corporation there- please click here)

1. Resignation of CFO

The CFO of Fu Yu Corporation Miss Hee Siew Fong has resigned in Quarter 4 of 2022....