Home Capital Broker's Calls

Valuetronics set for ICE hot growth

Zavier Ong
Zavier Ong8/18/2016 10:41 AM GMT+08  • 1 min read
Valuetronics set for ICE hot growth
SINGAPORE (Aug 18): RHB is maintaining its “neutral” rating on electronics manufacturer Valuetronics with a target price of 54 cents as the industrial and commercial electronics (ICE) segment continues to be it main driver of growth.
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 (Aug 18): RHB is maintaining its “neutral” rating on electronics manufacturer Valuetronics with a target price of 54 cents as the industrial and commercial electronics (ICE) segment continues to be it main driver of growth.

In 1Q17, revenue from ICE segment grew 15.8% given the sector’s stronger visibility and scalability, even as the company rode the new automotive industry revenue stream.

Analyst Jarick Seet says the ICE segment should continue to deliver double-digit growth for FY17F-18F, with a potential catalyst being Philips’ listing of its lighting business.

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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now