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Analysts mixed on Valuetronics, with some pessimistic about outlook

Lim Hui Jie
Lim Hui Jie11/11/2021 06:00 PM GMT+08  • 3 min read
Analysts mixed on Valuetronics, with some pessimistic about outlook
DBS thinks that Valuetronics is halfway there in its turnaround story, but other analysts think it may be living on a prayer.
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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.

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