DBS Group Research is of the opinion that Valuetronics is "almost there" in its turnaround story, but other analysts think it may be living on a prayer.
Maybank Kim Eng has downgraded Valuetronics to a “sell” rating from a “hold”, joining CGS-CIMB, who has a “reduce” rating on the stock.
Target prices from these two brokerages stand at 50 cents and 53.3 cents respectively, from their previous figures of 60 cents and 50.4 cents.
