Valuetronics

Broker's Calls

UOB Kay Hian upgrades Valuetronics to ‘buy’ with TP of 72 cents; PhillipCapital ups TP to 70 cents

Valuetronics has reported earnings of HK$82.1 million ($14.3 million) for the 1HFY2024 ended Sept 30, 42% higher y-o-y.

Results

Valuetronics reports 1HFY2024 earnings of HK$82.1 mil, 42% higher y-o-y, on higher margins and other income

The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.

Broker's Calls

PhillipCapital initiates ‘buy’ on Valuetronics with TP of 61 cents

"We expect a turnaround for Valuetronics after securing four new customers for FY2024/FY2025," says analyst Paul Chew.

Results

Valuetronics posts 2.2% increase in 1HFY2023 earnings to HK$57.9 mil

Valuetronics posts earnings growth in 1HFY2022; interim dividend remains the same at 4 HK cents.
RHB upgrades Valuetronics to 'neutral' as it sees worst to be over - THE EDGE SINGAPORE

Broker's Calls

RHB upgrades Valuetronics to 'neutral' as it sees worst to be over

The upgrade comes after Valuetronics had just come off an expectedly tough FY2022 ended March.

Manufacturing

Analysts see headwinds ahead for Valuetronics, DBS cuts target price

Component shortages seem to be the main factor affecting Valuetronics.
Valuetronics reports 39% decline in net profit in FY2022 due to component shortage - THE EDGE SINGAPORE

Results

Valuetronics reports 39% decline in net profit in FY2022 due to component shortage

Valuetronics reports 39% decline in net profits in FY2022 due to component shortage and expects challenging conditions to persist
Stay 'positive' on Singapore tech, but be selective: Maybank KE - THE EDGE SINGAPORE

Broker's Calls

Stay 'positive' on Singapore tech, but be selective: Maybank KE

Maybank is still positive on the Singapore tech sector, but advises investors to be "selective" in the stocks they invest.
RHB lowers target price for Valuetronics following 'weak' 1HFY22 - THE EDGE SINGAPORE

Broker's Calls

RHB lowers target price for Valuetronics following 'weak' 1HFY22

RHB has trimmed its target price for Valuetronics from 55 cents to 51 cents.
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