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3521-3540 of 3689
Gained 3 cents. Maybe worth taking a look....
Buy 1 lot only $430 now, then u will get dividend $32/- dollar, see how worth is that. Put another 1 month will do, expiry date: 29/07/2014. Today already get discount since it costs $0.445 yesterday.
Haha, useless u keep to watch the chart. It depends to the volume of buyer. If investor still confident to the share, the share still will go uptrend. I know your purpose la, u plan buy the share at discount price right?
haiyo tio boh??? you see chart ah? thanks....
ericlau123 ( Date: 24-Jun-2014 13:25) Posted:
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Haha. No worries. Everyone know how to analyze n calculate what is the best to them. Miss Elite, come n join us take this uptrend train.
no use lah you highlight this now. drop liaw.
ericlau123 ( Date: 24-Jun-2014 11:48) Posted:
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Philip securities upgrade their target price from $0.43 to $0.605. Dividend confirmed HK dollar $0.2 equal to $0.032. Yield 7.23%.
Good dividend yield share, 7.23%. Even put in bank (fixed deposit) only got 1% pa. Good fundamental analyze, earning per share (eps) keep grow every quarter, plus the profit also keep increasing. I believe it will create other new high, because it is only the one share with the dividend more than 5% in July n August. Yield 7.23%!
good read.
kyrie100 ( Date: 20-Jun-2014 15:30) Posted:
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No debt company.Generous dividend policy.Take note.Coming dividend payout - HK 20 CENTS-roughly 3.3 Sing cents?
Woods30 ( Date: 20-Jun-2014 16:24) Posted:
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THIS one has been too low for too long...Take note.
Valuetronics Holding Ltd.
Still too much value. Easily worth 60 cents on earnings outperformance and excess cash.
SG | MANUFACTURING | ELECTRONICS | FY14 UPDATE
Rating:
Buy
(Upgraded from &ldquo Trading Buy&rdquo )
Adj. continuing full year FY2013/2014 revenue increased +10.1% y-y to HK$2,433.3M gross profit increased +20.9% to HK$326.8M and net profit rose +24.9% y-y on the back of a robust Q4, exceeding net income expectations by 6%.
Without adjustment, including discontinued operations, FY2014 was up 88%.
Operating activities generated strong cash flow of HK$303M, with $478M net cash on hand.
The higher gross profit and net margin is due to a favorable change in product sales mix and significant growth in the Industrial and Commercial segment, which has now steadily risen in revenue for 5 straights quarters.
ICE segment reported record revenues with a widened customer base, as they continue to benefit from the outsourcing trend in manufacturing.
CE segment reported credible single digit revenue growth as a result of new products from existing customers, greater operational efficiency and supply chain productivity.
Valuetronics announced a dividend policy of at least a 30% to 50% of net profit in any financial year, and proposed a final dividend of 16HK cents per share and special dividend of 4 HK cents per share. At yesterday' s closing price of S$0.405, that implies a dividend yield of roughly 8.0%.
Upgrade to &ldquo Buy&rdquo rating with a revised TP of $0.605 after dividend payout.
Valuetronics reported their Q4/FY14 results on 28 May 2014.
Investment Merits
Valuetronics is still trading at an attractive price with net cash accounting for
52% of market cap, a conservatively estimated idle cash of ~30% of market
cap, with PE of 6.2x and PE ex idle cash of 4.3x.
Forecasted FY15 net earnings growth rate of low-mid single digit is
achievable, especially given good earnings momentum from the strength of
4Q14 earnings which is usually seasonally weaker.
A generous and likely sustainable dividend yield of 8% due to large cash
reservoir and cheap valuations provides compensation for stock price
volatility.
Valuetronics is a compelling buy due to the above investment merits,
coupled with Valuetronics better than average performance vs peers.
Investment Action
Considering most of their peers also have forecasted growth of single digits, we
believe Valuetronics cannot trade less than the peer average PE of 7.9x given that
Valuetronics has 1) operated on better net margins of > 5% vs the typical 3%, 2)
have never turned in a loss making year even from before IPO, 3) has an ROE of
22% vs peer average of 10%, 4) and has done so without leverage (having a net
cash ratio to market cap of ~50%) - making its ROE performance even more
impressive.
An estimated FY15 net earnings of HK$150.2M implies an FY15 PE of 6.2x at last
traded price of S$0.405. Valuating Valuetronics at an undemanding 8.0x (slightly
higher than peer average) implies a value of S$0.53 on earnings alone. Adding
S$0.125 per share of idle cash gives us S$0.655. This is conservative considering
we are only taking 60% of net cash into our value consideration, and the global
GDP recovery, favorable LED lighting cycle and encouraging earnings momentum
into FY15 (better seasonal Q4) should provide a tailwind buffer.
Adjusting for potential dilution, assuming that all in-the-money outstanding stock
options are exercised, leads us to a conservative fair price of SG$0.637 (before
dividend) which is S$0.605 excluding the 3.2 SG cent dividend payout. This
represents a total upside, including dividends, of 57% from the last traded price
of S$0.405.
Wow, strong rebound on touching the bottom of uptrend line at 40 cents. Now 43 cents. Strong volume, 9721 lots done at the moment.
Chiong ah
Haha. 42.5 cents now.
Valuetronics at $0.415 now.
I mean at $0.405 Haha.
sunview ( Date: 03-Jun-2014 14:29) Posted:
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At $4.05, Valuetronics is heading into uncharted terrritories.
Valuetronics announced this morning FY2014 results.
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Net profit up 88% to reach HK$147.9 million -
Higher gross profit and net margin -
Operating activities generating substantial cash flow of HK$303M, with zero debt and HK$478M net cash on hand as at year end -
Announces dividend policy to pay out 30 &ndash 50% of net profit attributable to shareholders in any financial year -
Proposes final dividend of 16 HK cents per share and special dividend of 4 HK cents per share -
NAV at HK$1.972 per share
Wa, still going strong at $0.375. Not too far away from all time high of $0.395/0.40 set in year 2007 neh. Anything boiling ?