Amova Asset Management has emerged as a substantial shareholder of Hong Kong-based but Singapore-quoted Valuetronics Holdings.
On March 25, the fund manager paid $719,364.59 for 811,100 shares, which works out to around 88.7 cents per share.
From 19.9 million shares, or 4.85%, Amova now owns just over 20.7 million shares, or 5.05%.
Valuetronics' largest shareholder is chairman and managing director Tse Chong Hing, who owns 18.73%, or around 76 million shares as of June 18 2025.
For its most recent 1HFY2026 ended Sept 30, despite a slight dip in revenue to HK$836.6 million, the company reported earnings of HK$92.98 million, up 2.7% y-o-y, as it focused more on higher margin products.
Valuetronics Holdings shares closed at 89 cents on March 30, up 1.14% for the day but up 2.91% year to date.
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At this level, Valuetronics trades at a PE of 12.77x.
