Analysts from DBS Group Research, Maybank Kim Eng, and RHB Group Research are still pessimistic over Valuetronics, despite its 1HFY2021 earnings coming in above their expectations. 

Valuetronics recorded a profit after tax and minority interests (PATMI) of HK$91.5 million ($29.85 million), a drop of 12.1% y-o-y. It also declared an interim dividend of five HK cents per share.

RHB Group Research analyst Jarick Seet has maintained his “sell” rating with a target price of  50 cents, as he believes profitability will be “severely impacted with no upside catalysts in the near term”.

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