Despite beating consensus estimates for its FY2021 ended March earnings, analysts remain cautious on the outlook for Valuetronics Holdings, citing a challenging FY2022 ahead.

To that end, UOB Kay Hian, Maybank Kim Eng and DBS Group Research have kept their ‘hold’ ratings for the counter but with higher target prices of 66 cents, 60 cents and 60 cents respectively. 

RHB Group Research kept its 'sell' call while also increasing its target price from 50 cents to 55 cents.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook