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Valuetronics' 1H earnings fall 12.1% to $15.9 mil on lower revenue - THE EDGE SINGAPORE

Results

Valuetronics' 1H earnings fall 12.1% to $15.9 mil on lower revenue

An interim dividend for the 1HFY2021 has been declared at 5 HK cents.

Broker's Calls

CGS-CIMB initiates coverage on Innotek with 'buy' on strong balance sheet, attractive yields

SINGAPORE (June 11): CGS-CIMB Research analyst William Tng has initiated coverage on mainboard-listed precision metal part maker Innotek with an “add” call and target price of 57.9 cents, representing an upside of 52.5% for the stock. 

Tech

Smartphones nearly killed Memtech. Elon Musk brought it back

SINGAPORE (Mar 6): The rise of the smartphone almost broke Tze-Mon Chuang’s company -- Elon Musk provided its salvation.

Results

Hi-P International swings back to profitability in 1Q with earnings of $8.4 mil

SINGAPORE (May 4): Hi-P International, the consumer electronics manufacturer, has announced $8.4 million in earnings for the 1Q ended March on a surge in gross profit, reversing from the $12.4 million loss recorded a year ago.

In print this week

A closer look at Spindex’s buyout battle

SINGAPORE (Feb 24): There has been a spate of buying at Spindex Industries by an individual who emerged as a substantial shareholder in the company, immediately after Spindex’s management announced its buyout plan.

Broker's Calls

Valuetronics rides IoT megatrend, connected cars

SINGAPORE (Nov 8): UOB KayHian and CIMB are sticking to their “add” calls for Valuetronics as they expect the group to continue riding the Internet of Things (IoT) megatrend in the consumer electronics (CE) segment and take on more automotive projects
Fu Yu Corp logo

Broker's Calls

Growth on the horizon for Fu Yu Corp after 3-year decline

SINGAPORE (Sept 21): Fu Yu Corporation says its revenue decline over the past three years will see a reversal by early FY17, after bottoming out in FY16.

Broker's Calls

China’s car sales boost is positive for Memtech

SINGAPORE (Sept 13): OCBC Investment Research is maintaining its “hold” call on Memtech International with an unchanged fair value estimate of 48 cents.

TSH Corp sells Burn Road property for $16.1 mil

SINGAPORE (July 8): TSH Corporation has sold its property located at 62 Burn Road to Singapore Shenguan for $16.1 million, it revealed in a filing last night.
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