“We believe a key risk is we may have underestimated the rate of earnings decline in FY21E, or overestimated the rate of recovery in future years,” she adds.
Maybank Kim Eng Research has taken a renewed liking for electronics and manufacturing services provider, Valuetronics.
"We believe value has emerged following a 22% share price correction in Value’s share price since it announced its FY2020 results,” says analyst Lai Gene Lih in a September 29 note.
