Valuetronics    Last:1.1    +0.01

Biz Times june 26..Valuetronics to expand

Too much value to ignore   (Phillip 19/5/2014)

Recommendation: Trading Buy

Previous Close: S$ 0.335

Fair Price: S$ 0.43

 Trading at PE 5.5x, PE ex idle cash of 4.0x

 Ignoring the fully written off loss making Licensing segment, CE and ICE have an impressive 27% and 18% sales CAGR. Continuing 3-yr net profit CAGR of 26% from FY10-FY13

 Managed to mitigate increasing cost pressures in China with cost cutting projects and LEAN manufacturing

 Focusing on higher margin and value adding OEM+ and ICE (Industrial & Commercial electronics) customers.

 LED lighting accounts for 40% of revenues. LED retrofit lamps in early expansion into mass market and 2013 to 2016 is considered the sweet spot for manufacturers in terms of monetary value. LED retrofit market estimated to be worth EUR 690M by 2020 (EUR 190M in 2011).

 Impressive historical performance versus comparables - +5% net margins, earnings growth without leverage, cash rich.

 20 years of operations in OEM and ODM.

 

 

Really breaking recent high with good volume. Now at $0.355, up 2 cents or 6%

Today' s high at $0.36.

 

Today high volume. Chart looking for breakout. Results to be out soon. Good news ?

 

How much div are you people expecting, last tear, it was 8 HK cents. very little. The result is definitely gg to beat last yr, Cheers :-) 

 

luckily i load more when it fell to 0.31 recently.

this year chiong so much.

 

 

resistance broken ...

 

This year's performance is much stronger than last year...I anticipate a better dividend payout for this year.

Hence, I feel the share price would surge further upon the announcement of this year dividend.

 

This company is really undervalued................but the management always

enriched themselves by giving options at very low price. Shareholders should

really question the management's aim..............are they there to give

themselves money or up the share price and value of the company?

 

I bought at 24.5 cents and still holding for dividends...

 

Actually, Valuetronics is one of the rarest gems listed in SGX... A Warren Buffett kind of stock to hold for long term...Below is the reason why I like

1) It has no external debt and relies on its internal resources for organic growth.. (How many listed companies are there out there without external debts... That  demonstrates the strength of its balance sheet)

2) It is profitable  amidst  a cut-throat electronics sector. That speaks well of the capability of its HongKonger management.

3) Cash Flow from Operations have been positive for many quarters....

4) Dividend Yield is about 6 to 7 percent (if I m not mistakened)

5) PE is only about 4 times and cash forms a bulk of its market capitalization....

 

 

 

 

NTA works out to be 31 cents. Market price near this level.   Can wait for good dividends middle of year.

 

this is abnormal... 

 

so many 1 lotters up to 265

 

SELL DOWN LEI!

 

okay, buy some and keep for long term

 

Ya.. of cos.. 

A quiet stock has finally waken up.

   

blurtrader      ( Date: 02-Jan-2014 12:06) Posted: did anyone realize it broke52wks high?

 

did anyone realize it broke52wks high?

 

Valued OEM partner for the world?s leading brands

Valuation

 Valuetronics Holdings Ltd (Valuetronics) is trading at 6.7x FY13 PE and 0.8x P/B.

Results

 1HFY14 revenue flat but gross profit up 11%. While revenue remained flat in 1HFY14, gross profit increased 11.4% yoy due to a higher contribution from the industrial and commercial electronics (ICE) segment. Gross margin improved from 12.0% in 1HFY13 to 13.1% in 1HFY14.

 Growing ICE segment. 1HFY14 revenue from the ICE segment increased 16.5% yoy with contributions from 2 new customers.

 No more profit drag from discontinued operation. With the termination of the licensing business in FY13, Valuetronics will not be incurring further expenditure for the loss-making business. Excluding the impact of the discontinued licensing business, profit from continuing operations increased 8.8% yoy for 1HFY14.

  Investment highlights

 Net cash forms half of market cap. Valuetronics has a net cash position of S$0.127/share, which forms about 54% of its current market cap. Besides maintaining a strong net cash position for working capital requirements, Valuetronics? strong balance sheet also serves as a form of reassurance to its existing and new customers with regard to the stability of its manufacturing capabilities and its ability to continue as a going concern.

 Stable dividend payout with attractive yield. Valuetronics has been paying out dividends to shareholders since its listing in FY07. Despite seeing a huge decline in profits after it discontinued its licensing business in FY13, Valuetronics still paid a dividend of HK$0.08/share (S$0.013/share), which translates into an attractive yield of 5.5%. Given that Valuetronics? 1HFY14 net profit already forms 92.7% of its FY13 net profit, we expect to see a rise in dividends in FY14.

 Valued OEM partner of the world?s leading electronics brands. With 20 years of operating history, Valuetronics is a valued original equipment manufacturer (OEM) for several listed leading brands in the consumer, industrial and commercial electronics sectors. With its strategic relationships and quality production, Valuetronics has remained profitable, even during the 2008 economic downturn.

 Key risks. Rising labour and material costs continue to be a key concern for Valuetronics, as wages continue to rise in China.

  (From UOBKH - Not Rated)

 

Start Moving... Valuetronics? Q2FY2014 net profit up 1,097.6% to reach HK$39.6 million ? Net profit grew ten times largely due to increase in demand from customers and with no further expenditure having been incurred for the loss-making Licensing business, which was terminated in FY2013

cheongsl      ( Date: 02-Jun-2013 07:38) Posted: Yup 8cts HKD is consider quite generous already. The licensing department budget overrun actually only discover somewhere 1Q last year, thus it is only start reflecting on 2Q financial report. They have did something that is not a common practice, that is restate the financial loss to previous year, but in actual fact to them FY 2012 when they declare a divident of 17HKcts the earning per share is 44.4HKcts, that equate to 38% of their earning. But in actual scenario in FY 2013, what being seen by the company earning should be 32.8HKcts - 11HKcts (Loss due to licensing department) -8.3HKcts (loss restate due to licensing department) = 13.5HKcts per share, thus a 8HKcts to the company for this year earning should be equate to 59.2% of their earning. Don't forget all the planning was still based on unknown overrun until  after 1Q FY 2013. What I admire is the way that the company handle such situation, decisive, close down the unearning department immediately. And Also once this closing down issue, Chief Technical Officer was ask to go. Some company might just transfer the CTO to other department. But Valuetronics decision show a clear understanding of business world. The unnotice overrun must be due to false reporting or poor management, if the company allow such chief to stay then the company other department will also failed. Especially when China PMI continue to increase I believe valuetronics will benefit from this trend and the way they take care of their share holder with proper amount of divident payout also make me clasified this counter under my divident payout porfolio. 5月 PMI显 示 指 数 有 所 回 升 经 济 持 续 走 稳 国 物 流 与 采 购 联 合 会 、 国 家 统 计 局 服 务 业 调 查 中 心 发 布 的 2013年 5月 份 中 国 制 造 业 采 购 经 理 指 数 (PMI)为 50.8%， 比 上 月 回 升 0.2个 百 分 点 ， 分 项 指 数 中 多 数 指 数 有 所 回 升 ， 整 体 走 势 好 于 历 史 同 期 ， 显 示 当 前 经 济 运 行 基 本 态 势 稳 中 见 升 。 　 　 行 业 企 稳 回 升 基 本 面 扩 大 。 21个 行 业 当 中 ， 有 14个 行 业 PMI指 数 达 到 50%以 上 ， 显 示 多 数 行 业 企 稳 回 升 。 钢 铁 、 有 色 等 周 期 性 行 业 回 升 明 显 ， 新 订 单 指 数 回 升 均 达 到 2个 百 分 点 ， 生 产 指 数 回 升 超 过 4个 百 分 点 。 同 ?衣 、 食 、 住 、 行 ?密 切 相 关 的 消 费 品 行 业 回 升 也 较 为 显 著 ， 其 PMI指 数 回 升 至 50%以 上 ， 显 示 公 众 消 费 需 求 趋 升 。 　 　 企 业 经 营 形 势 逐 渐 转 好 。 今 年 以 来 ， 大 型 企 业 一 直 稳 定 在 51%以 上 ， 波 动 较 小 ； 中 型 企 业 自 3月 份 以 来 在 50%以 上 持 续 小 幅 回 升 ， 5月 份 较 上 月 回 升 0.7个 百 分 点 ， 达 到 51.4%。 目 前 大 中 型 企 业 PMI指 数 均 回 升 至 去 年 同 期 水 平 之 上 ， 反 映 出 大 中 型 企 业 经 营 状 况 持 续 好 转 ， 微 观 经 济 基 础 趋 向 改 善 。 　 　 结 构 调 整 进 一 步 显 示 成 效 。 今 年 以 来 ， 装 备 制 造 业 产 需 持 续 同 步 回 升 。 5月 份 回 升 进 一 步 加 快 。 新 订 单 指 数 、 生 产 指 数 均 达 到 58%以 上 ， 较 上 月 回 升 超 过 4个 百 分 点 ， 显 示 出 装 备 制 造 业 在 需 求 支 撑 下 稳 步 回 升 ， 整 体 发 展 势 头 良 好 。 　 　 库 存 调 整 呈 见 底 迹 象 。 企 业 采 购 活 动 增 加 ， 库 存 有 所 回 升 ， 购 进 价 格 明 显 反 弹 。 采 购 量 指 数 为 51.5%， 较 上 月 上 升 0.5个 百 分 点 ， 连 续 三 个 月 保 持 在 51%以 上 。 与 此 相 应 ， 产 成 品 库 存 指 数 、 原 材 料 库 存 指 数 低 位 回 升 ， 购 进 价 格 指 数 明 显 反 弹 ， 较 上 月 回 升 5个 百 分 点 。 综 合 来 看 ， 当 前 企 业 库 存 调 整 呈 现 见 底 迹 象 ， 后 期 采 购 、 补 库 等 经 营 活 动 趋 于 积 极 ， 将 为 宏 观 经 济 企 稳 回 升 带 来 一 定 空 间 。 johnng      ( Date: 28-May-2013 10:57) Posted: Something to watch out for at $0.215.....big fat dividends of $0.01297 or $0.08HKD announce in FY report 13

 

There was no material change in shareholding in today's announcement. It was just a transfer of holding from one sister mutual fund to the other.


ELITE FUND and POPULUS FUND have both been mutual funds under management of PYN Fund Management Ltd. POPULUS FUND was merged to ELITE FUND on 30/09/2013 and all the assets, including the 5.9% Valuetronics shares, used to be held by POPULUS FUND were then transferred to ELITE FUND in this merger.

starlene      ( Date: 03-Oct-2013 19:02) Posted: Director and CEO Tse buy or sell..can't open..plse help   nfopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=1012567#.Uk1OYIZmiSo  johnng      ( Date: 01-Oct-2013 12:36) Posted: may clear $0.23 soon!

 

may clear $0.23 soon!

 

Breakout $0.225.....!!

 

something brewing in it this morning...let see..