SINGAPORE (Mar 30): Year to date, Valuetronics’ share price has plunged some 42% in light of the escalating Covid-19 situation which has affected business sentiment adversely. 

However this might be a blessing in disguise for investors, according to Maybank Kim Eng Research. The brokerage argues that most risks appear to be already priced in for the stock, suggesting a limited downside barring any further escalations or complications. 

In a Monday report, analyst Lai Gene Lih notes that the counter is trading at only 1.2 times its FY2020E ex-cash price-to-earnings (P/E), not far from crisis valuations during the global financial crisis and an especially difficult year in 2013. These were the only two times the group had negative valuations to its name. 

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