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Valuetronics
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Biz Times june 26..Valuetronics to expand
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hotelgrand
Master |
22-Nov-2019 09:44
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c.f. today still so strong defy gravity..sold 77.5 200lots hold so long finally..love to share shoot it down please | ||||
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easywin
Supreme |
20-Nov-2019 08:42
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Yup sold at 0.77, however if break 0.800 convincingly will do a buyback.
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haroujf
Senior |
19-Nov-2019 19:45
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Hope u have collected your profit :)
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hotelgrand
Master |
19-Nov-2019 18:53
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Where ex date for dividends..I read payable Dec 5 | ||||
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ahhuat08
Elite |
19-Nov-2019 10:22
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playing catch up with its peers | ||||
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JSmember
Member |
15-Nov-2019 17:59
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Brokers' take: More earnings upside seen for ValuetronicsTHU, NOV 14, 2019 - 4:03 PMNAVIN SREGANTAN[email protected]@NavinSreBT BROKERAGES here are largely bullish on the prospects of Valuetronics Holdings, increasing their price targets for the stock after the electronics manufacturer posted Q3 earnings that beat estimates, with more earnings upside tipped for the coming quarters. On Wednesday, Valuetronics reported a 26.3 per cent rise in bottom line for Q2 FY2020 to HK$56 million (S$9.7 million) from HK$44.3 million in the year-ago quarter. Profits rose mainly due to the absence of a HK$13.6 million one-off provision related to flash flooding at the company' s Danshui plant in China in the year-ago period. While top line for Q2 dipped 0.5 per cent to HK$712.8 million from HK$716.2 million, John Cheong, UOB Kay Hian' s head of small/mid cap research, noted the company' s performance was " commendable given the trade tensions (between the US and China)" . Analysts also noted that Valuetronics' first half year typically accounts for 50 per cent of its full year revenue, but revenue for the period has hit close to 60 per cent of their full year estimates. " Moving forward, we expect the pace of revenue decline to reduce gradually as the smart lightings for the consumer electronics (CE) segment has been fully phased out," Mr Cheong wrote in a Thursday report. RHB analysts Jarick Seet and Lee Cai Ling said: " As trade war-related tariffs may be removed in phases, and as Valuetronics secures new customers in the communications sector, there should be some positive earnings upside ahead." Bearing in mind the unpredictable nature of the relationship between the US and China, since early 2019 Valuetronics has been investing in expanding its manufacturing footprint to Vietnam, a market viewed as a key beneficiary of any trade fallout between the two economic powers. UOB' s Mr Cheong acknowledged such efforts to diversify the locations of its manufacturing facilities provides for long-term growth. Valuetronics' first leased Vietnam manufacturing facility began mass production in June, with shipments being made to the US. There are plans to lease another factory to cater for urgent customer demand and also develop two of its own facilities in Vietnam, Maybank Kim Eng analyst Lai Gene Lih said. " We understand customers are already in discussion with Valuetronics on potentially leveraging its Vietnam facilities for newer generations of products down the road," he added. With the company in a net cash position of HK$1 billion, CGS-CIMB analyst Ngoh Yi Sin, who views the Vietnam expansion as a " long-term positive" does not believe there will be funding difficulties but noted " there could be expect some start-up costs in FY2021-2022" . Valuetronics has also declared a improved distribution to shareholders. Maybank' s Mr Lai said that Valuetronic' s interim dividend per share (DPS) for the first half of FY2020 of 6 HK cents was a " positive surprise" from the 5 HK cents doled out for the first six months of FY2019. He said this signals the company' s " willingness to maintain or increase absolute DPS levels and shows confidence in the business' prospects" . Following Wednesday' s results release, RHB upgraded its recommendation to " buy" with a target price of S$0.73*.(this price is a typo error RHB TP is 0.81) Meanwhile, the other brokerages held their calls but raised price targets. Maybank Kim Eng maintained a " buy" recommendation with a target of S$0.98, UOB Kay Hian has a " buy" call with a target of S$0.91 while CGS-CIMB has a " hold" call with a target price of S$0.72. At 3.48pm on Thursday, the counter, which is trading on a cum-dividend basis, was up 1.5 Singapore cents or 2.1 per cent to 74 cents with 7 million shares traded |
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Adrielx
Member |
15-Nov-2019 17:25
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Now news also report HK has entered recession due to recent events. Even though the main ops not in HK ,this stock price will sure be affected abit by this news. | ||||
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easywin
Supreme |
15-Nov-2019 16:07
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Got profit just grab first, later may not able to sell the price as your wish. | ||||
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SmallTimer83
Veteran |
15-Nov-2019 15:46
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Agree agree. This one very cyclical, always can re-enter. | ||||
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puppey
Veteran |
15-Nov-2019 15:44
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CD push as usual , after that back to square one ..haha dont regret , profit better then loss , no matter the amount..:)
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Adrielx
Member |
15-Nov-2019 15:36
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My trainer says it is nearly impossible to sell at peak high or buy at peak bottom. Most importantly is got pocket profits and avoid making losses.
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SmallTimer83
Veteran |
15-Nov-2019 11:27
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wah suddenly up. lol sold too much too early. lovetoshare bro, where are you? are you a millionaire yet? lolololol. |
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nqing87
Supreme |
15-Nov-2019 00:38
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Yup share price matters in the end no matter how strong fundamentals.. no bb push no movement up.. but the way u said it earlier seems to be saying that valuetronics doesnt have strong fundamentals to explain the moving up in share price and thats why i mentioned that it just released a decent result.. valuetronics is one counter that many ppl dont even know it exist.. when ppl want to buy electronic counters, they think of aem, hi-p, ums, venture.. one other strong tech/electronic related counter that is overlooked like valuetronics is powermatic which deals with wireless solutions which will benefit with the 5g/iot trend.. frencken used to be overlooked as well and used to trade at a p/e ratio even lower than valuetronics but recent mths it had gained investing interest from bb.. we dont know when bb will push, but if we invest in strong fundamental counters that give sustainable and stable divdends with huge loads of cash sitting, then the share price will be suported to a good extent..
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puppey
Veteran |
14-Nov-2019 23:46
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u do know that sell on news right ? results is definitely amirable in this uncertain environment but why the stagnant share price? how to make money buying this ,thats why no bbs wants to push.. fundamentals dosnet matter in sgx , only share price matters :)
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hotelgrand
Master |
14-Nov-2019 22:44
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Valuetronics Q2 profit up 26.3% on absence of one-off provision for China plant NG REN JYE NOV 13, 2019 08:42 AM ELECTRONICS manufacturer Valuetronics Holdings reported a 26.3 per cent rise in net profit for its fiscal 2020 second quarter ended Sept 30 to HK$56 million (S$9.7 million) from HK$44.3 million a year ago. Profits rose mainly due to the absence of a HK$13.6 million one-off provision related to flash flooding at the company's Danshui plant in China in Q2 FY2019. Net profit also rose after selling and distribution expenses decreased by 33.9 per cent to HK$6.2 million from HK$9.3 million mainly due to a HK$2.7 million write back of provision for sales returns. For the six months ended Sept 30, earnings per share was 24 HK cents versus 21.9 cents. For the second quarter, revenue edged down 0.5 per cent to HK$712.8 million from HK$716.2 million. This follows a 10.4 per cent revenue increase in its consumer electronics segment, offset by a 8.2 per cent drop in its industrial and commercial electronics segment due to lower demand. The mainboard-listed firm declared an interim dividend of six HK cents per share, payable on Dec 10, 2019, compared with five HK cents per share last year. For the six months ended Sept 30, net profit rose 10.8 per cent to HK$104.1 million from HK$94 million for the year-ago period, while revenue dipped 3.7 per cent to HK$1.37 billion from HK$1.42 billion. As at Sept 30, 2019, the group had net current assets of HK$917.8 million versus HK$850.5 million on March 31, 2019. It has zero debt, and cash and bank deposits of HK$1.03 billion. Valuetronics said the US-China trade war has resulted in customers diversifying their procurement strategies outside of China as more products fell under the trade war's expanding tariff list, which has impacted the group's revenue. Therefore, it had in early 2019 begun to expand its manufacturing footprint to Vietnam to provide customers with an alternate manufacturing platform outside China. Its first leased Vietnam manufacturing facility began mass production in June 2019, with shipments being made from Vietnam to the US market. It has also leased a Vietnam factory with an approximate 4,000 square metres of floor area to cater for additional customer demand. Valuetronics shares closed up S$0.005 or 0.7 per cent to S$0.68 on Tuesday, before the release of its Q2 results on Wednesday morning. | ||||
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lifeisgood
Supreme |
14-Nov-2019 15:11
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Valuetronics NET CASH 41 cents. This is equal to 56% of current market price of 73.5 cents. |
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SmallTimer83
Veteran |
14-Nov-2019 11:35
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taken some profit. don' t really think of adding now because for this stock, i feel 75c is a strong resistance everytime. should be able to hit at least 75 though. | ||||
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johnng
Supreme |
14-Nov-2019 11:27
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TECH stocks in play today...can go 80cents?? | ||||
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hotelgrand
Master |
14-Nov-2019 10:36
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Power today 73.5-74- playing catching up...but still way behind | ||||
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nqing87
Supreme |
14-Nov-2019 04:44
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Erm u do know that valuetronics release results right? The figures doesnt show any negativity.. besides, HK unrest has nth to do witj valuetronics cos their production is in china, and recently they had production in vietnam to address the tariffs issue
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