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When half year rept out? for 6 months ending 30Sept.hope hve interim dividend again..though may be reduced
growth year for valuetronic coming in FY2021...i believe tide turning about soon. Strong upward swing in VENTURE too...
Anyone has Valuetronics updated NAV ?
Valuetronics a valuable counter to look at, says Maybank Kim Eng Research
Maybank Kim Eng Research has taken a renewed liking for electronics and manufacturing services provider, Valuetronics.
" We believe value has emerged following a 22% share price correction in Value&rsquo s share price since it announced its FY2020 results,&rdquo says analyst Lai Gene Lih in a September 29 note.
&ldquo We believe a key risk is we may have underestimated the rate of earnings decline in FY21E, or overestimated the rate of recovery in future years,&rdquo she adds.
For its FY2020 ended March 31, the company had posted a 10.3% year-on-year decline in its earnings to HK$178.9 million ($31.4 million). This follows lower customer demand due to a combination of factors such as the Covid-19 pandemic, escalating US-China trade tensions and an overall global economic downturn.
Still, the recent correction in Valuetronics&rsquo share price has pushed Lai to upgrade her call on the counter from &ldquo hold&rdquo to &ldquo buy&rdquo at a target price of 66 cents. This is up 29% or 13 cents from her previous 53 cent call.
Lai&rsquo s liking for the counter also stems from its compliance with applicable laws and regulations on the environment, anti-competitive behaviour and requirements on health and safety.
For instance, it has achieved an ISO 14000 Environmental Management accreditation since 2008, and it plans to obtain the accreditation in 2021 for its leased plant in Vietnam.
Meanwhile, Valuetronics has a dedicated whistleblowing hotlines and reports are escalated to senior management immediately. It also has measures to ensure that information of internal and external stakeholders are kept confidential, Lai observes.
She also notes that it is &ldquo an equal-opportunities employer&rdquo in terms of its treatment to both its staff and suppliers.
Maybank Kim Eng Research has taken a renewed liking for electronics and manufacturing services provider, Valuetronics.
" We believe value has emerged following a 22% share price correction in Value&rsquo s share price since it announced its FY2020 results,&rdquo says analyst Lai Gene Lih in a September 29 note.
&ldquo We believe a key risk is we may have underestimated the rate of earnings decline in FY21E, or overestimated the rate of recovery in future years,&rdquo she adds.
For its FY2020 ended March 31, the company had posted a 10.3% year-on-year decline in its earnings to HK$178.9 million ($31.4 million). This follows lower customer demand due to a combination of factors such as the Covid-19 pandemic, escalating US-China trade tensions and an overall global economic downturn.
Still, the recent correction in Valuetronics&rsquo share price has pushed Lai to upgrade her call on the counter from &ldquo hold&rdquo to &ldquo buy&rdquo at a target price of 66 cents. This is up 29% or 13 cents from her previous 53 cent call.
Lai&rsquo s liking for the counter also stems from its compliance with applicable laws and regulations on the environment, anti-competitive behaviour and requirements on health and safety.
For instance, it has achieved an ISO 14000 Environmental Management accreditation since 2008, and it plans to obtain the accreditation in 2021 for its leased plant in Vietnam.
Meanwhile, Valuetronics has a dedicated whistleblowing hotlines and reports are escalated to senior management immediately. It also has measures to ensure that information of internal and external stakeholders are kept confidential, Lai observes.
She also notes that it is &ldquo an equal-opportunities employer&rdquo in terms of its treatment to both its staff and suppliers.
Last 2 years hve interim dividends..this year likely hve but reduced amount .half year is for ending 30th Sept..has co chg its previous fye 31march..anyone can enlighten?
hotelgrand ( Date: 17-Sep-2020 12:04) Posted:
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Any news? Buying comes back.
Hopefully next week see > 60c
Some buying interest since yesterday 430pm ....
Any special dividend in Oct 2020?
Have you guys gotten your dividend payout?
Gone case?
54cts was what i bought in april 2016..v long never see such low price..hope it has bottomed.
halleluyah ( Date: 11-Sep-2020 09:05) Posted:
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Haha, do you seriously think that this will follow tech rebound like aem??
halleluyah ( Date: 11-Sep-2020 11:19) Posted:
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aem running up a lot...ums n frenken too....waiiting fr tis babe to run up....
yup...fr telco 5g growth...
NT1825 ( Date: 07-Sep-2020 20:57) Posted:
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Tech very shakey now...good luck.
halleluyah ( Date: 11-Sep-2020 09:05) Posted:
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long some...i see value.....div 6.588%...coy cash rich....
Received mine last Friday after 5pm. Check if you have updated your profile with CDP recently
The electronics sector will continue to grow especially in Asia/ SEA. I predict further increase in demand when telcos roll out 5G services to tech endusers who are main consumers of high tech electronic products. Staying vested.
BT article
https://www.businesstimes.com.sg/government-economy/singapore-manufacturing-still-in-growth-mode-in-august-electronics-snaps-losing
Wait one more day, it should be in if you are entitled.
vinc3538 ( Date: 07-Sep-2020 17:04) Posted:
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can be many reasons, buy through cpf,srs... if yes will be credit into respective account
else you have sold before the xd....
hope it helps
else you have sold before the xd....
hope it helps
Whatever89 ( Date: 07-Sep-2020 14:56) Posted:
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