SINGAPORE (Nov 27): UOB Kay Hian is naming Valuetronics as its top pick among the small-cap manufacturing companies under its coverage.
This comes after Sunningdale and Memtech missed the research house’s net profit forecasts over the 3Q18 earnings reporting season. Both have been rated “hold” with $1.50 and 91-cent price targets, respectively.
Valuetronics was the only exception, coming in line with expectations despite its headline net profit for the quarter being affected by a flood. As such, UOB highlights the stock as the only small-cap manufacturer under its coverage with a “buy” rating, and has given it a target price of 87 cents.
