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Home / Capital / Brokers Calls

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

Broker's Calls

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

Amala Balakrishner Published on Thu, Oct 01, 2020 / 3:42 PM GMT+8

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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.