Home Capital Broker's Calls

Valuetronics cut to ‘hold’ by UOB with most positives priced in

PC Lee
PC Lee5/30/2017 02:57 PM GMT+08  • 2 min read
Valuetronics cut to ‘hold’ by UOB with most positives priced in
SINGAPORE (May 30): UOB Kay Hian is downgrading Valuetronics to a “hold” on valuation grounds with entry and target prices of 72 cents and 80 cents respectively as most positives have been priced in.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 30): UOB Kay Hian is downgrading Valuetronics to a “hold” on valuation grounds with entry and target prices of 72 cents and 80 cents respectively as most positives have been priced in.

Valuetronics posted strong 4Q numbers, which brought FY17 net profit 27.9% higher to HK$154.1 million ($27.4 million), thanks to higher demand in the consumer electronics and industrial & commercial electronics segments.

For FY17, sales grew 16.5% on year, largely due to increased orders from existing customers.
Consumer electronics (CE) sales rose 19.7% to HK$987.1 million in FY17, driven by new IoT products such as smart lighting. Industrial and consumer electronics (ICE) segment revenue rose by 14.1% to HK$1.3 billion in FY17 due to new orders from existing customers.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.