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Valuetronics a valuable counter to look at, says Maybank Kim Eng Research

Amala Balakrishner
Amala Balakrishner10/1/2020 03:42 PM GMT+08  • 2 min read
Valuetronics a valuable counter to look at, says Maybank Kim Eng Research
Maybank Kim Eng research has posted a “buy” call on Valuetronics at a target price of 66 cents.
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Maybank Kim Eng Research has taken a renewed liking for electronics and manufacturing services provider, Valuetronics.

"We believe value has emerged following a 22% share price correction in Value’s share price since it announced its FY2020 results,” says analyst Lai Gene Lih in a September 29 note.

“We believe a key risk is we may have underestimated the rate of earnings decline in FY21E, or overestimated the rate of recovery in future years,” she adds.

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