SINGAPORE (June 12): Maybank Kim Eng Research is keeping its “buy” recommendation on Valuetronics with an unchanged target price of 99 cents – implying an upside of more than 50% from its current trading price.
A Hong Kong-based electronics manufacturing services provider with two facilities in China, Valuetronics has found itself caught in the middle of escalating tensions between US and China.
Since late-April, Valuetronics’ share price has fallen some 10%, in part due to the US-China trade war.
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