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RHB points to ‘encouraging signs’ for Valuetronics

Jude Chan
Jude Chan6/22/2017 12:06 PM GMT+08  • 3 min read
RHB points to ‘encouraging signs’ for Valuetronics
SINGAPORE (June 22): RHB Research is raising its target price for Valuetronics to 85 cents, from 81 cents previously.
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SINGAPORE (June 22): RHB Research is raising its target price for Valuetronics to 85 cents, from 81 cents previously.

The higher target price, pegged to a 10x FY18F P/E, is on the back of a 5% increase in its net profit after tax (NPAT) forecasts for FY18F.

This comes after the research house notes “encouraging signs of improvement” during a visit to Valuetronics’ factories in China.

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