Valuetronics
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Biz Times june 26..Valuetronics to expand
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Got profit and good dividends..price still dropped
Joelton ( Date: 31-May-2021 09:30) Posted:
Valuetronics reports 4.6% increase in net profit to $31.9m for FY2021
Electronics manufacturing services provider Valuetronics has reported a net profit of HK$187.1 million (S$31.9 million) for the financial year ended March 31, 2021.
This is a 4.6 per cent increase compared with its previous financial year.
Overall revenue fell 3.1 per cent to HK$2.28 billion, but gross profit rose 6.5 per cent to HK$386.2 million in FY2021.
Revenue in its industrial and commercial electronics segment grew 11.3 per cent to HK$1.4 billion, due to a surge in demand for logistics and e-commerce during the Covid-19 lockdowns.
Its revenue from consumer electronics, however, fell 25.7 per cent to HKS$680.7 million, as social distancing and Covid-19 containment measures led to a key customer experiencing weak demand.
The group' s other income decreased by 25.4 per cent to HK$18.4 million, mainly due to the decrease in interest income, which was offset by an increase in net exchange gains.
The company is recommending a final dividend of 16 HK cents per share, based on its results.
It noted that it paid an interim dividend of five HK cents in December 2020.
In all, this amounts to 21 HK cents per share, although the payout for FY2020 was 20 HK cents per share.
The aggregate dividend amount is about 48.9 per cent of the net profit attributable to shareholders for FY2021 and is in line with the company' s formal dividend policy of paying out 30 per cent to 50 per cent of net profit as normal dividends to shareholders, Valuetronics said.
" Despite the uncertainties presented during the pandemic, the group reported relatively stable revenue and profits for FY2021 as compared with FY2020, largely due to an unexpected rebound in customer demand in the second half of FY2021," the company said in a statement.
However, Valuetronics chairman and managing director Ricky Tse Chong Hing is expecting the group' s financial results for FY2022 to be " significantly lower" compared with FY2021, with the loss of orders from customers switching their supply chain to other countries due to United States-China trade tension.
This is further compounded by uncertainties from a global shortage in components as well as the still-evolving Covid-19 pandemic, he added.
On the other hand, the company' s Vietnam expansion is on schedule, with its new campus expected to begin production by the end of FY2022, said Mr Tse.
" By then, we will be fully equipped to serve customers' multi-site production strategy as a means to mitigate Sino-US trade tensions, and we will be seeking out new opportunities emerging with our extended geographic footprint," he said.
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Valuetronics reports 4.6% increase in net profit to $31.9m for FY2021
Electronics manufacturing services provider Valuetronics has reported a net profit of HK$187.1 million (S$31.9 million) for the financial year ended March 31, 2021.
This is a 4.6 per cent increase compared with its previous financial year.
Overall revenue fell 3.1 per cent to HK$2.28 billion, but gross profit rose 6.5 per cent to HK$386.2 million in FY2021.
Revenue in its industrial and commercial electronics segment grew 11.3 per cent to HK$1.4 billion, due to a surge in demand for logistics and e-commerce during the Covid-19 lockdowns.
Its revenue from consumer electronics, however, fell 25.7 per cent to HKS$680.7 million, as social distancing and Covid-19 containment measures led to a key customer experiencing weak demand.
The group' s other income decreased by 25.4 per cent to HK$18.4 million, mainly due to the decrease in interest income, which was offset by an increase in net exchange gains.
The company is recommending a final dividend of 16 HK cents per share, based on its results.
It noted that it paid an interim dividend of five HK cents in December 2020.
In all, this amounts to 21 HK cents per share, although the payout for FY2020 was 20 HK cents per share.
The aggregate dividend amount is about 48.9 per cent of the net profit attributable to shareholders for FY2021 and is in line with the company' s formal dividend policy of paying out 30 per cent to 50 per cent of net profit as normal dividends to shareholders, Valuetronics said.
" Despite the uncertainties presented during the pandemic, the group reported relatively stable revenue and profits for FY2021 as compared with FY2020, largely due to an unexpected rebound in customer demand in the second half of FY2021," the company said in a statement.
However, Valuetronics chairman and managing director Ricky Tse Chong Hing is expecting the group' s financial results for FY2022 to be " significantly lower" compared with FY2021, with the loss of orders from customers switching their supply chain to other countries due to United States-China trade tension.
This is further compounded by uncertainties from a global shortage in components as well as the still-evolving Covid-19 pandemic, he added.
On the other hand, the company' s Vietnam expansion is on schedule, with its new campus expected to begin production by the end of FY2022, said Mr Tse.
" By then, we will be fully equipped to serve customers' multi-site production strategy as a means to mitigate Sino-US trade tensions, and we will be seeking out new opportunities emerging with our extended geographic footprint," he said.
Chairman has the habit of overcautious in his statement.You look back to his outlook for FY 20 he cautioned expect significant loss in history due to US-China trade war.Yet nothing near to it.
RongLong ( Date: 29-May-2021 23:52) Posted:
Need to take note of outlook given:
Expect FY2022 financial results to be significantly lower compared to FY2021.
This might be the reason why the price cannot move up much.
NT1825 ( Date: 29-May-2021 15:02) Posted:
Better than expected
Gross Profit - UP 😳
Net Profit for the year - UP 😳
Full results presentation, refer:-
https://links.sgx.com/FileOpen/VHL-Presentation-FY2021%20Results.ashx?App=Announcement& FileID=668364 |
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From the recent announcement, dividend will be increased from 20c (FY20) to 21c (FY21) all in HKD. Dates will be announced later as not given in report.
Octavia ( Date: 30-May-2021 20:52) Posted:
How much is the dividend and when is the dividend ex-date?
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Negative impact from the automotive customer switch-over from Group&rsquo s China factory to another vendor in North America will be reflected in FY2022.
nott1965 ( Date: 30-May-2021 19:36) Posted:
Also, it may not be easy to switch supplier as demostrated a customer who had plans to switch vendors from Valuetronics delayed their plans due to the pandemic, resulting in continued orders for FY2021
nott1965 ( Date: 30-May-2021 19:33) Posted:
Smart investors should be focusing on this statement instead Nonetheless, Ricky Tse Chong Hing, chairman and managing director of Valuetronics, says the company remains focused on completing its Vietnam campus. &ldquo [Our] Vietnam expansion is proceeding according to schedule during the year. We are targeting the new Vietnam campus to commence production by the end of FY2022,&rdquo he says.
&ldquo By then, we will be fully equipped to serve customers&rsquo multi-site production strategy as a means to mitigate Sino-US trade tensions, and we will be seeking out new opportunities emerging with our extended geographic footprint,&rdquo he adds. |
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How much is the dividend and when is the dividend ex-date?
Also, it may not be easy to switch supplier as demostrated
a customer who had plans to switch vendors from Valuetronics delayed their plans due to the pandemic, resulting in continued orders for FY2021nott1965 ( Date: 30-May-2021 19:33) Posted:
Smart investors should be focusing on this statement instead Nonetheless, Ricky Tse Chong Hing, chairman and managing director of Valuetronics, says the company remains focused on completing its Vietnam campus. &ldquo [Our] Vietnam expansion is proceeding according to schedule during the year. We are targeting the new Vietnam campus to commence production by the end of FY2022,&rdquo he says.
&ldquo By then, we will be fully equipped to serve customers&rsquo multi-site production strategy as a means to mitigate Sino-US trade tensions, and we will be seeking out new opportunities emerging with our extended geographic footprint,&rdquo he adds.
RongLong ( Date: 29-May-2021 23:52) Posted:
Need to take note of outlook given:
Expect FY2022 financial results to be significantly lower compared to FY2021.
This might be the reason why the price cannot move up much |
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Smart investors should be focusing on this statement instead
Nonetheless, Ricky Tse Chong Hing, chairman and managing director of Valuetronics, says the company remains focused on completing its Vietnam campus. &ldquo [Our] Vietnam expansion is proceeding according to schedule during the year. We are targeting the new Vietnam campus to commence production by the end of FY2022,&rdquo he says.
&ldquo By then, we will be fully equipped to serve customers&rsquo multi-site production strategy as a means to mitigate Sino-US trade tensions, and we will be seeking out new opportunities emerging with our extended geographic footprint,&rdquo he adds.RongLong ( Date: 29-May-2021 23:52) Posted:
Need to take note of outlook given:
Expect FY2022 financial results to be significantly lower compared to FY2021.
This might be the reason why the price cannot move up much.
NT1825 ( Date: 29-May-2021 15:02) Posted:
Better than expected
Gross Profit - UP 😳
Net Profit for the year - UP 😳
Full results presentation, refer:-
https://links.sgx.com/FileOpen/VHL-Presentation-FY2021%20Results.ashx?App=Announcement& FileID=668364 |
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Need to take note of outlook given:
Expect FY2022 financial results to be significantly lower compared to FY2021.
This might be the reason why the price cannot move up much.
NT1825 ( Date: 29-May-2021 15:02) Posted:
Better than expected
Gross Profit - UP 😳
Net Profit for the year - UP 😳
Full results presentation, refer:-
https://links.sgx.com/FileOpen/VHL-Presentation-FY2021%20Results.ashx?App=Announcement& FileID=668364 |
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Better than expected
Gross Profit - UP
😳
Net Profit for the year - UP
😳
Full results presentation, refer:-
https://links.sgx.com/FileOpen/VHL-Presentation-FY2021%20Results.ashx?App=Announcement& FileID=668364
Dividend may be cut but still attractive
hotelgrand ( Date: 18-May-2021 16:55) Posted:
| Results for FYE 31MARCH 2021 out in June? |
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Nice buying momentum at closing px 61.5, as time approaches the announcement of results. Good sign..
Result 99.9% no good. Otherwise would follow aem frencken ums run up. Good luck holders, forever stuck
Yes. Hope this will be good or close to last years performance, taking into consideration of the covid situation.
Current PE 9.3 is a pull factor.
Allanboy ( Date: 18-May-2021 23:47) Posted:
Announcement of result on 29 May 2021, Sat - For result till end Mar 2021. As broadcasted in their website.
Hope result is good. |
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Announcement of result on 29 May 2021, Sat - For result till end Mar 2021. As broadcasted in their website.
Hope result is good.
Results for FYE 31MARCH 2021 out in June?
Holding those below 60cts for coming results and dividends.. slowly waking up
Any latest news of this company? There is not much coverage and posting on this counter lately. Based on their website they finished consolidating their operations in China to 1 locations and actively building up new plants in vietnam. Why the sudden surge in price today?
Electronic Products for Tier 1 Automotive System Manufacturer.....
Y20 profit is HKD 178.9M ~ ~SGD 31M. Total no shares: 435.7M
Profit per share = 31/ 435.7 = $0.071. Good business profit.
Any views?
