SINGAPORE (May 27): RHB Research is “neutral” on Valuetronics with lower 67 cents DCF-based target price given the ongoing US-China trade war will hit the latter’s earnings and margin growth.
As Valuetronics’ factories are all in China, RHB says the ongoing trade war and increase in tariffs will continue to dampen the company’s outlook.
See: Valuetronics posts 3Q earnings up by 2.6% to $10.3 mil despite dip in revenue
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