SINGAPORE (Feb 18): Given the impact from the outbreak of the novel coronavirus (Covid-19), RHB Securities has turned cautious on integrated electronics manufacturing services provider Valuetronics.

The brokerage lowered its FY20 earnings forecast for the company by 8% as it believes that there will likely be a “negative” impact on its earnings in 4QFY20.

It also downgraded the stock to a “neutral” rating from a “buy”, with a lower target price of 76 cents from 82 cents previously.

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