Valuetronics    Last:1.1   -

Biz Times june 26..Valuetronics to expand

Me accumulating. ..worth it dividend yield latest rept >7%

 

Top 20 volume today... anyone buying more?

 

From TA point of view, this stock may reverse its downtrend.

Price action is also very nice. Watch for it!

 

They did. Don' t you think you should be checking and keeping yourself abreast with the developments:

http://www.remisiers.org/cms_images/research/Nov03_-_Nov07_2014/1107___AmFraser_Morning_Buzz.pdf

Same goes for BigCanonFairy - refering reports from June 2014 - a lot has happened since then.

 

Qanghoo      ( Date: 12-Feb-2015 14:44) Posted: TP 57c?  Didn' t they shout for 70c+ only a few mths back?  Why not.  Also any how shout that time is it?  I thiink people have to be responsible for their actions.  They owe to investors to explain the gap in TP now. kyrie100      ( Date: 12-Feb-2015 09:59) Posted: SINGAPORE (Feb 11): KGI Fraser Securities has retained its " buy" rating on Valuetronics Holdings with a higher target price of 57 cents, saying the stock of the electronics original equipment manufacturer is an undervalued gem. " (It' s) hard to find another stock, with such fundamentals, this cheap. Valuetronics is currently trading at only 6.3 times estimated core price-earnings ratio of financial year ending Mar 31, 2015 (FY15) or 2.5 times ex-cash," said KGI Fraser analyst Renfred Tay in a note today.

 

TP 57c?  Didn' t they shout for 70c+ only a few mths back?  Why not.  Also any how shout that time is it?  I thiink people have to be responsible for their actions.  They owe to investors to explain the gap in TP now.

kyrie100      ( Date: 12-Feb-2015 09:59) Posted: SINGAPORE (Feb 11): KGI Fraser Securities has retained its " buy" rating on Valuetronics Holdings with a higher target price of 57 cents, saying the stock of the electronics original equipment manufacturer is an undervalued gem. " (It' s) hard to find another stock, with such fundamentals, this cheap. Valuetronics is currently trading at only 6.3 times estimated core price-earnings ratio of financial year ending Mar 31, 2015 (FY15) or 2.5 times ex-cash," said KGI Fraser analyst Renfred Tay in a note today.

 

Hope can hit their target price 0.495 soon.. huat ah

kyrie100      ( Date: 12-Feb-2015 09:58) Posted: 3QFY15 hit our expectations, Industrial & Commercial Electronics (ICE) growth pacing with Consumer Electronics (CE) decline. Successful transition to higher margin company with earning support this year due to US macro make this is BUY. Not only is it cheap, but a satisfactory 3Q performance,*there is a high probability for Valuetronics to beat our defensive forecast. With our very conservative FY15 net earnings forecast from last quarter, Valuetronics has already attained 85% based on 9M15 results. Using our conservative FY15 forecast and with recent share price of 40.5 SG cents, that corresponds to 6.5x adj. FY15 PE and 3.2x FY15 PE ex net cash. Market fears overblown:*Last 2 quarters have shown that the market fear on CE disruption has been excessive. The growth of ICE revenue (+4.4%) has kept pace with the decline of CE revenue (-10%) qoq, leading to a flat growth 9M15 vs 9M14 net income. For 2 quarters already, the major MNC restructuring had no obvious disruption to their client-supplier relationship. Hence, any declines in CE should not be due to client restructuring shocks, but due to the natural increase in competition due to the product phase in the innovation cycle. We are already discounted the gradual decline in CE while &hellip Growth drivers in place: ICE segment in the right place and right time. US manufacturing and spending looks good. Market should note that not only does the ICE segment operate at higher gross margins of ~19% (vs ~9% CE), it is also growing at a constant pace, and with tailwinds of improving US PMIs and a stronger US dollar. Recall that ICE customers are diversified niche leaders in industrial products that has a US market concentration, and Valuetronics is reaping the fruits of concentrating efforts in that segment. Perception of Valuetronic&rsquo s business quality should improve*because ICE has already surpassed the CE segment in gross income distribution accounting for about 60% of gross income. In addition, Valuetronics has been holding net income levels steady during this transition of declining LED retrofit bulbs. At some point in next few quarters, not only will market fears on the CE segment dissipate due to clarity of resolution of the major MNC restructuring (even now, there has been no obvious disruption of the client-supplier partnership), but Valuetronics will increase in margins based on product mix alone. Buy: With a forecasted dividend yield of 7.5%, we think this cash-rich, transitioning to higher margins company is easily undervalued. Using our conservative FY15 net income forecast we maintain our conservative*target share price of 0.495 SGD*based on conservative 7x FW15 PE of 6.1 SG cents EPS with only 60% idle net cash added in. Source: Phillip Securities Research - 11 Feb 2015

 

Sorry it takes awhile...I can only access brokerage reports from the various houses news one day later.
Still waiting for dbs vickers and kim eng now.

If kim eng adjusts their target price..valuetronics will do well....hopefully repair some of the psychological damage they had done.

 

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3QFY15 hit our expectations, Industrial & Commercial Electronics (ICE) growth pacing with Consumer Electronics (CE) decline. Successful transition to higher margin company with earning support this year due to US macro make this is BUY.

Not only is it cheap, but a satisfactory 3Q performance,*there is a high probability for Valuetronics to beat our defensive forecast. With our very conservative FY15 net earnings forecast from last quarter, Valuetronics has already attained 85% based on 9M15 results. Using our conservative FY15 forecast and with recent share price of 40.5 SG cents, that corresponds to 6.5x adj. FY15 PE and 3.2x FY15 PE ex net cash.

Market fears overblown:*Last 2 quarters have shown that the market fear on CE disruption has been excessive. The growth of ICE revenue (+4.4%) has kept pace with the decline of CE revenue (-10%) qoq, leading to a flat growth 9M15 vs 9M14 net income. For 2 quarters already, the major MNC restructuring had no obvious disruption to their client-supplier relationship. Hence, any declines in CE should not be due to client restructuring shocks, but due to the natural increase in competition due to the product phase in the innovation cycle. We are already discounted the gradual decline in CE while &hellip

Growth drivers in place: ICE segment in the right place and right time. US manufacturing and spending looks good. Market should note that not only does the ICE segment operate at higher gross margins of ~19% (vs ~9% CE), it is also growing at a constant pace, and with tailwinds of improving US PMIs and a stronger US dollar. Recall that ICE customers are diversified niche leaders in industrial products that has a US market concentration, and Valuetronics is reaping the fruits of concentrating efforts in that segment.

Perception of Valuetronic&rsquo s business quality should improve*because ICE has already surpassed the CE segment in gross income distribution accounting for about 60% of gross income. In addition, Valuetronics has been holding net income levels steady during this transition of declining LED retrofit bulbs. At some point in next few quarters, not only will market fears on the CE segment dissipate due to clarity of resolution of the major MNC restructuring (even now, there has been no obvious disruption of the client-supplier partnership), but Valuetronics will increase in margins based on product mix alone.

Buy: With a forecasted dividend yield of 7.5%, we think this cash-rich, transitioning to higher margins company is easily undervalued. Using our conservative FY15 net income forecast we maintain our conservative*target share price of 0.495 SGD*based on conservative 7x FW15 PE of 6.1 SG cents EPS with only 60% idle net cash added in.

Source: Phillip Securities Research - 11 Feb 2015

 

faster hold more at 0.395...

hotelgrand      ( Date: 11-Feb-2015 09:44) Posted: I sold 52cts after ex dividend..> 6% yield still ok if can hold at 40-40.5cts by today will add more..have bought some at 33.5-34cts   recently wctim9986      ( Date: 11-Feb-2015 09:07) Posted: ppl so high to see its results...

 

congrats. good play

hotelgrand      ( Date: 11-Feb-2015 09:44) Posted: I sold 52cts after ex dividend..> 6% yield still ok if can hold at 40-40.5cts by today will add more..have bought some at 33.5-34cts   recently wctim9986      ( Date: 11-Feb-2015 09:07) Posted: ppl so high to see its results...

 

I sold 52cts after ex dividend..> 6% yield still ok if can hold at 40-40.5cts by today will add more..have bought some at 33.5-34cts   recently

wctim9986      ( Date: 11-Feb-2015 09:07) Posted: ppl so high to see its results...

 

ppl so high to see its results...

 

Ytday open 39cts and close up to high 40.5..imply market is comfortable with its results

 

nqing87      ( Date: 10-Feb-2015 10:38) Posted: ok, so where is the drop in profit? where are u maybank KE  vietnam gal? can explain if your sell call is still valid? Media Release Valuetronics&rsquo Q3FY2015 net profit up 10.3% to hit HK$39.2 million  Strong growth in the Industrial and Commercial Electronics segment with increases in demand from existing customers and a new customer  Consumer Electronics revenue saw a slight dip of 6.4% due to the slowdown in demand from our Consumer Electronics customer in the LED lighting business  Gross profit margins improved to 14.0% for the quarter and remained stable at 13.3% for the nine months

 

DBS, AMfraser, and Phillip issued TP in June 2014, ranging from 72cents to   60cents.

Don' t think they need so long to check.

Likely they are going to adjust their TPs downwards after the lastest result.

Those clowns...

 

kyrie100      ( Date: 10-Feb-2015 15:55) Posted: maybe they are waiting for their analyst for their assessment. usually takes a day or so before analysts finish writing their report after release of anouncement, also to allow time for analysts to check with management about any questions they might have. BigCannonFairy      ( Date: 10-Feb-2015 13:40) Posted: Strange...DBS, AMfraser, and Phillip TP are so high that they can even make nearly 100% return if they buy at this price. But they aren' t buying?

 

maybe they are waiting for their analyst for their assessment. usually takes a day or so before analysts finish writing their report after release of anouncement, also to allow time for analysts to check with management about any questions they might have.

BigCannonFairy      ( Date: 10-Feb-2015 13:40) Posted: Strange...DBS, AMfraser, and Phillip TP are so high that they can even make nearly 100% return if they buy at this price. But they aren' t buying? nqing87      ( Date: 10-Feb-2015 10:38) Posted: ok, so where is the drop in profit? where are u maybank KE  vietnam gal? can explain if your sell call is still valid? Media Release Valuetronics&rsquo Q3FY2015 net profit up 10.3% to hit HK$39.2 million  Strong growth in the Industrial and Commercial Electronics segment with increases in demand from existing customers and a new customer  Consumer Electronics revenue saw a slight dip of 6.4% due to the slowdown in demand from our Consumer Electronics customer in the LED lighting business  Gross profit margins improved to 14.0% for the quarter and remained stable at 13.3% for the nine months

 

Strange...DBS, AMfraser, and Phillip TP are so high that they can even make nearly 100% return if they buy at this price.

But they aren' t buying?

nqing87      ( Date: 10-Feb-2015 10:38) Posted: ok, so where is the drop in profit? where are u maybank KE  vietnam gal? can explain if your sell call is still valid? Media Release Valuetronics&rsquo Q3FY2015 net profit up 10.3% to hit HK$39.2 million  Strong growth in the Industrial and Commercial Electronics segment with increases in demand from existing customers and a new customer  Consumer Electronics revenue saw a slight dip of 6.4% due to the slowdown in demand from our Consumer Electronics customer in the LED lighting business  Gross profit margins improved to 14.0% for the quarter and remained stable at 13.3% for the nine months

 

My view is that the b/hse call was vicious n sensational.  Assigning a zero value to the LED Division was inexplicable n wishy-washy.  Hd it been an examination exercise, the paper wld very likely have scored very low.  This is why I have advocated proper control n supervision of research hses.  If we continue to allow wreaking havoc to stock prices it' s going to be very detrimental to the local market in the longer term perhaps may even damage the good reputation of this country as a global financial hub too.

nqing87      ( Date: 10-Feb-2015 10:38) Posted: ok, so where is the drop in profit? where are u maybank KE  vietnam gal? can explain if your sell call is still valid? Media Release Valuetronics&rsquo Q3FY2015 net profit up 10.3% to hit HK$39.2 million  Strong growth in the Industrial and Commercial Electronics segment with increases in demand from existing customers and a new customer  Consumer Electronics revenue saw a slight dip of 6.4% due to the slowdown in demand from our Consumer Electronics customer in the LED lighting business  Gross profit margins improved to 14.0% for the quarter and remained stable at 13.3% for the nine months

 

ok, so where is the drop in profit? where are u maybank KE  vietnam gal? can explain if your sell call is still valid?

Media Release

Valuetronics&rsquo Q3FY2015 net profit up 10.3% to hit HK$39.2 million

 Strong growth in the Industrial and Commercial Electronics segment with increases in demand from existing customers and a new customer

 Consumer Electronics revenue saw a slight dip of 6.4% due to the slowdown in demand from our Consumer Electronics customer in the LED lighting business

 Gross profit margins improved to 14.0% for the quarter and remained stable at 13.3% for the nine months