Valuetronics    Last:1.1   -

Biz Times june 26..Valuetronics to expand

I did. Alamak, forgot to copy and paste here too.

Just bought back in....0.36

 

hotelgrand      ( Date: 19-Nov-2014 17:11) Posted: I thought u sold at another forum already...   Originally Posted by  kyrie100  Eating eating....sold 0.355 Waiting to drop so can buy more.... kyrie100      ( Date: 19-Nov-2014 09:38) Posted: Assuming they keep their $0.03SGD (HK converted to SGD) dividend, that' s a 8.7% dividend yield. If can break 0.36 resistance wall - it will be time to dance.

 

I thought u sold at another forum already...

 

kyrie100      ( Date: 19-Nov-2014 09:38) Posted: Assuming they keep their $0.03SGD (HK converted to SGD) dividend, that' s a 8.7% dividend yield. If can break 0.36 resistance wall - it will be time to dance.

 

Assuming they keep their $0.03SGD (HK converted to SGD) dividend, that' s a 8.7% dividend yield.

If can break 0.36 resistance wall - it will be time to dance.

 

Envy you. I also collected dividend but sell at 48! Still earned but a bit knn hehe. Jeep back at 355 few days ago. Not core holding though unlike the previous round.

hotelgrand      ( Date: 10-Nov-2014 17:20) Posted: Technical analysis good for entrty point..what I want to know long term Valuetronics still has future-listed in 2007 and profit all the way..last 3 years zero gearing..wad u think..i made one round selling ex dividend at 54cts think2profit      ( Date: 09-Nov-2014 23:26) Posted: When one is not certain, go and study the monthly, weekly and daily charts. You should get some good ideas what may happen moving forward. Remember one key investors' behavior is loss aversion

 

Technical analysis good for entrty point..what I want to know long term Valuetronics still has future-listed in 2007 and profit all the way..last 3 years zero gearing..wad u think..i made one round selling ex dividend at 54cts

think2profit      ( Date: 09-Nov-2014 23:26) Posted: When one is not certain, go and study the monthly, weekly and daily charts. You should get some good ideas what may happen moving forward. Remember one key investors' behavior is loss aversion

 

When one is not certain, go and study the monthly, weekly and daily charts. You should get some good ideas what may happen moving forward. Remember one key investors' behavior is loss aversion 

 

Valuetronics just reported a 8.4% drop in 2nd qtr profit to HK$36.3mil drawing vastly different recommendations from brokers

Kim Eng-sell with a target $0.25 target

AmFraser-buy with $0.54 target because it said the co has S$0.19 cash per share

Philip-buy with a target price of $0.495,recent price weakness is overdone and it is undervalued on the most pessimistic of scenarios.If we assume the rest of the year has zero earnings growthand Q3 and Q4 earnings are the same as Q2,this implies a FY15 net income of HK$142.8mil which is only a 3-4% drop from FY14

So who is right?

http://www.shareinvestor.com/fundame...ls.html..share  price close to NAV

 

-PE 5.995...is   agrowth stock with zero gearing

kyrie100      ( Date: 07-Nov-2014 09:48) Posted: Let me get this straight.... No comments/discussion about content, but company should fire analyst...because of....emocons? What' s the logic here?????   Original does not come with smily faces or emocons - by the way. Link: cant post. Just go to remisiers dot org and search morning note.   hotelgrand added???? Well...I think it' s cute :D hahah. Adds some flavour to the boring market atm.

 

Let me get this straight....

No comments/discussion about content, but company should fire analyst...because of....emocons?

What' s the logic here?????

 

Original does not come with smily faces or emocons - by the way.

Link: cant post. Just go to remisiers dot org and search morning note.

 

hotelgrand added???? Well...I think it' s cute :D hahah.

Adds some flavour to the boring market atm.

 

Analysts posts are using occupied by fresh grads.

This is what happen when we have student copying each other work and project in school !

Graduate with high GPA (a requirement to enter finance industry) but with no understanding of what they are doing.

BigCannonFairy      ( Date: 06-Nov-2014 20:01) Posted: lol phillip securities should start sacking analysts liao. hotelgrand      ( Date: 06-Nov-2014 16:25) Posted: Valuetronics 2Q15 results - first take Nope, Earnings did not Collapse  (Kenneth Koh) 05 November 2014 Morning Note ICE revenue increases 24.9% to HK$225m y/y due to increased demand. CE revenue decreases 10.9% y/y to HK$402m mainly due to demand slowdown. Gross profit decreased only by 2.4% y/y to HK$82m (Q2 FY2014: HK$84.0m) and margins remained stable at 13.1%. Net profit declined by 8.4% to HK36.3m (Q2 FY2014: HK$39.6m) However, a quarterly comparison is actually more encouraging  than discouraging. Vs 1Q15 results, CE revenue actually stabilized and increased by 5% (1Q15 CE revenue: HK$384m), it did not collapse. ICE revenue seems to have short term volatility, down 7% (1Q15 ICE revenue: HK$243m) ICE revenue looks to improve  next quarter For perspective, if we assume that the rest of the year has zero earnings growth and Q3 and Q4 earnings are the same as Q2, that implies a FY15 net income of HK$142.8m, which is only a 3 - 4% drop from FY14. This is actually close to our estimate of flat growth this year. At the present price of $0.355, PE (T12M) is 5.4x. We believe the stock is likely still undervalued. Our TP is under review and a formal report will be issued after the analyst briefing tomorrow. Source: SGX Masnet, The Business Times, Phillip Securities Research

 

lol phillip securities should start sacking analysts liao.

hotelgrand      ( Date: 06-Nov-2014 16:25) Posted: Valuetronics 2Q15 results - first take Nope, Earnings did not Collapse  (Kenneth Koh) 05 November 2014 Morning Note ICE revenue increases 24.9% to HK$225m y/y due to increased demand. CE revenue decreases 10.9% y/y to HK$402m mainly due to demand slowdown. Gross profit decreased only by 2.4% y/y to HK$82m (Q2 FY2014: HK$84.0m) and margins remained stable at 13.1%. Net profit declined by 8.4% to HK36.3m (Q2 FY2014: HK$39.6m) However, a quarterly comparison is actually more encouraging  than discouraging. Vs 1Q15 results, CE revenue actually stabilized and increased by 5% (1Q15 CE revenue: HK$384m), it did not collapse. ICE revenue seems to have short term volatility, down 7% (1Q15 ICE revenue: HK$243m) ICE revenue looks to improve  next quarter For perspective, if we assume that the rest of the year has zero earnings growth and Q3 and Q4 earnings are the same as Q2, that implies a FY15 net income of HK$142.8m, which is only a 3 - 4% drop from FY14. This is actually close to our estimate of flat growth this year. At the present price of $0.355, PE (T12M) is 5.4x. We believe the stock is likely still undervalued. Our TP is under review and a formal report will be issued after the analyst briefing tomorrow. Source: SGX Masnet, The Business Times, Phillip Securities Research

 

Closed unchanged 34.6 

 

Valuetronics 2Q15 results - first take
Nope, Earnings did not Collapse  (Kenneth Koh)
05 November 2014 Morning Note

ICE revenue increases 24.9% to HK$225m y/y due to increased demand. CE revenue decreases 10.9% y/y to HK$402m
mainly due to demand slowdown.

Gross profit decreased only by 2.4% y/y to HK$82m (Q2 FY2014: HK$84.0m) and margins remained stable at 13.1%.

Net profit declined by 8.4% to HK36.3m (Q2 FY2014: HK$39.6m)

However, a quarterly comparison is actually more encouraging  than discouraging.

Vs 1Q15 results, CE revenue actually stabilized and increased by 5% (1Q15 CE revenue: HK$384m), it did not collapse. ICE revenue seems to have short term volatility, down 7% (1Q15 ICE revenue: HK$243m)

ICE revenue looks to improve  next quarter
For perspective, if we assume that the rest of the year has zero earnings growth and Q3 and Q4 earnings are the same as Q2, that implies a FY15 net income of HK$142.8m, which is only a 3 - 4% drop from FY14. This is actually close to our
estimate of flat growth this year.

At the present price of $0.355, PE (T12M) is 5.4x. We believe the stock is likely still undervalued.

Our TP is under review and a formal report will be issued after the analyst briefing tomorrow.

Source: SGX Masnet, The Business Times, Phillip Securities Research

 

David VS Goliath 

David- 1

Goliath- 0

Lol DBS and Amfraser

yingli      ( Date: 29-Aug-2014 17:43) Posted: yingli      ( Date: 29-Aug-2014 17:40) Posted: I no need anyone to believe in me.  If I am anyone,  I am David DBS (TP 72cents) and AMFraser (60cents) are Goliath. See how those Goliath stand at the sideline and watch as I short down their Valuetronic.

 

  2QFY3/15 results in line. Revenue and net profit down 0.7% and 8.4% YoY respectively.

hotelgrand      ( Date: 05-Nov-2014 23:27) Posted: VALUETRONICS HOLDINGS LIMITED (Incorporated in Bermuda) (Co. Reg. No: 38813) SECOND QUARTER AND HALF YEAR FINANCIAL STATEMENT AND DIVIDEND  ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2014 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3),  HALF-YEAR AND FULL YEAR RESULTS 1(a) A statement of profit or loss and statement of comprehensive income for the group together with a comparative statement for the corresponding period of the immediately  preceding financial year. Consolidated Statement of Profit or Loss for the period ended 30 September 2014 The Group The Group 6 months ended 30 September 3 months ended 30 September 2014 2013 Change 2014 2013 Change HK$' 000 HK$' 000 % HK$' 000 HK$' 000 % Revenue 1,254,248 1,243,257 0.9 627,628 632,024 -0.7 Cost of sales (1,091,991) (1,080,386) 1.1 (545,632) (548,005) -0.4 Gross profit 162,257 162,871 -0.4 81,996 84,019 -2.4 Other income 6,598 6,292 4.9 4,886 3,784 29.1 Selling and distribution costs (19,603) (22,383) -12.4 (10,818) (10,815) 0.0 Administrative expenses (70,091) (60,706) 15.5 (35,901) (30,763) 16.7 Net other operating gains 938 75 1150.7 1,246 481 159.0 Profit from operations 80,099 86,149 -7.0 41,409 46,706 -11.3 Finance costs (476) (286) 66.4 (250) (128) 95.3 Profit before tax 79,623 85,863 -7.3 41,159 46,578 -11.6 Income tax expense (9,448) (12,962) -27.1 (4,843) (6,951) -30.3 Profit for the period 70,175 72,901 -3.7 36,316 39,627 -8.4 Attributable to: Owners of the Company 70,175 72,901 -3.7 36,316 39,627 -8.4

 

VALUETRONICS HOLDINGS LIMITED
(Incorporated in Bermuda)
(Co. Reg. No: 38813)
SECOND QUARTER AND HALF YEAR FINANCIAL STATEMENT AND DIVIDEND 
ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2014
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), 
HALF-YEAR AND FULL YEAR RESULTS
1(a) A statement of profit or loss and statement of comprehensive income for the group
together with a comparative statement for the corresponding period of the immediately 
preceding financial year.
Consolidated Statement of Profit or Loss for the period ended 30 September 2014
The Group The Group
6 months ended 30 September 3 months ended 30 September
2014 2013 Change 2014 2013 Change
HK$' 000 HK$' 000 % HK$' 000 HK$' 000 %
Revenue 1,254,248 1,243,257 0.9 627,628 632,024 -0.7
Cost of sales (1,091,991) (1,080,386) 1.1 (545,632) (548,005) -0.4
Gross profit 162,257 162,871 -0.4 81,996 84,019 -2.4
Other income 6,598 6,292 4.9 4,886 3,784 29.1
Selling and distribution costs (19,603) (22,383) -12.4 (10,818) (10,815) 0.0
Administrative expenses (70,091) (60,706) 15.5 (35,901) (30,763) 16.7
Net other operating gains 938 75 1150.7 1,246 481 159.0
Profit from operations 80,099 86,149 -7.0 41,409 46,706 -11.3
Finance costs (476) (286) 66.4 (250) (128) 95.3
Profit before tax 79,623 85,863 -7.3 41,159 46,578 -11.6
Income tax expense (9,448) (12,962) -27.1 (4,843) (6,951) -30.3
Profit for the period 70,175 72,901 -3.7 36,316 39,627 -8.4
Attributable to:
Owners of the Company 70,175 72,901 -3.7 36,316 39,627 -8.4

 

Depreciation is already taken into account

edwinjup      ( Date: 05-Nov-2014 09:59) Posted: Resales value for machinery usually less than existing value....what will the nav be if we only includes the property that owned and cash on hands....that will be the real value of the company... ash902      ( Date: 05-Nov-2014 09:53) Posted: anything below NAV (32c convert from HKD) would be a good buy.  still a net cash 0 debt company profit making

 

i' m into earnings.. " Demand slowdown in Consumer Electronics segment, especially from LED lighting business"

 

Resales value for machinery usually less than existing value....what will the nav be if we only includes the property that owned and cash on hands....that will be the real value of the company...

ash902      ( Date: 05-Nov-2014 09:53) Posted: anything below NAV (32c convert from HKD) would be a good buy.  still a net cash 0 debt company profit making

 

anything below NAV (32c convert from HKD) would be a good buy. 

still a net cash 0 debt company profit making