Analysts say outlook remains challenging for Valuetronics despite FY21 results beating expectations

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.