Meanwhile, revenue dipped 3% y-o-y to HK$862 million, as a result of weak demand from some existing industrial and commercial electronics (ICE) and consumer electronics (CE) customers. Gross profit improved 4% y-o-y to $145 million, while higher interest income of $30 million led to Valuetronics’ net margin expanding 1.3 percentage points (ppts) y-o-y.
The analysts at UOB Kay Hian (UOBKH) and PhillipCapital have both kept their “buy” calls on Valuetronics (SGX:BN2
) at an unchanged target price of 78 cents and a raised target price of 78.5 cents from 76 cents previously, respectively.
For the 1HFY2025 ended Sept 30, the company reported a 10% y-o-y improved net profit of HK$91 million ($15.7 million), largely meeting UOBKH’s John Cheong and Heidi Mo’s expectations, making up 53% of their full-year forecast.
