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Valuetronics Last:1.07

-0.03

Biz Times june 26..Valuetronics to expand

Those who know will know..
Luckily, the boat came back again..
Reloaded ..

NT1825 ( Date: 04-Jun-2020 09:38) Posted:

Net profit fall 10% is not something that will make me stay awake at night. Look out for EPS which is in the range of 9 to 10 % Again one investors fears is another's opportunity. Tech n electronic stock is always resilient to certain extent it is like food we need.

Joelton ( Date: 04-Jun-2020 09:31) Posted:

Valuetronics FY2020 net profit falls 10.3% to HK$178.9m on lower revenue

VALUETRONICS Holdings posted a 10.3 per cent drop in net profit to HK$178.9 million (S$32.3 million) for its full year ended March 31, 2020, from HK$199.5 million a year ago.

This came as the mainboard-listed electronics manufacturer recorded lower revenue for both its industrial and commercial electronics segment and consumer electronics segment.

Earnings per share stood at 41.2 Hong Kong cents for the year, down from 46.2 cents a year ago, according to the group' s results released on Wednesday.

Revenue for the full year fell 16.8 per cent to HK$2.35 billion, from HK$2.82 billion a year ago. A slowdown in demand from customers was the main reason for Valuetronics' industrial and commercial electronics revenue falling 13.7 per cent to HK$1.44 billion, while consumer electronics revenue declined 21.1 per cent to HK$916 million.

A final cash dividend of 14 Hong Kong cents per share has been recommended for the full year, compared with 15 cents a year ago. The group had paid an interim dividend of six cents in December 2019, bringing the total dividend amount to 20 cents for FY2020, compared with 25 cents for FY2019.

The date on which the dividend will be paid out will be announced at a later time.

On its outlook, Valuetronics said it is encountering the " toughest business environment in its operating history" .

It added that its outlook for FY2021 is " highly uncertain" as the group is facing an unprecedented crisis affecting the entire world amid the backdrop of the Covid-19 pandemic and Sino-US trade tensions.

Although a series of precautionary and control measures for lowering operating costs are being carried out to mitigate the impact, Valuetronics said its FY2021 financial results are expected to be significantly lower compared with FY2020.

https://www.businesstimes.com.sg/companies-markets/china-everbright-water-proposes-12b-yuan-first-tranche-notes-issue

Review &ndash Full year results ended 31 March 2020 (&ldquo FY2020&rdquo ) vs Full year results
ended 31 March 2019 (&ldquo FY2019&rdquo )
Revenue
Revenue decreased by 16.8% or HK$474.4 million from HK$2,828.8 million in FY2019 to
HK$2,354.4 million in FY2020.
Industrial and Commercial Electronics revenue decreased by 13.7% to HK$1,438.4 million
(FY2019: HK$1,667.6 million), which was mainly due to the slowdown in demand from our
Industrial and Commercial Electronics customers.
Consumer Electronics revenue decreased by 21.1% to HK$916.0 million (FY2019:
HK$1,161.2 million), which was mainly due to the slowdown in demand from our
Consumer Electronics customers.
Gross profit and gross profit margin
Gross profit decreased by 15.7% to HK$362.8 million (FY2019: HK$430.3 million), while
gross profit margin increased to 15.4% (FY2019: 15.2%) as the results of change in
product sales mix during the year.
As a result of the above, profit for the year decreased by 10.3% to HK$178.9 million
(FY2019: HK$199.5 million).

In view of the global COVID-19 pandemic, the escalating Sino-US trade tensions, and the
overall global economic downturn, the Group is encountering the toughest business
environment in its operating history.

Dividend payable date to be announced later.
HK 6 cents(interim)HK 14 cents per (final)

Instead of blaming, we should be thankful the management is upfront and honest.

newb1234 ( Date: 04-Jun-2020 09:41) Posted:

Blame their choice of word " significant" ..
Can anyone check with the company and clarify how " significant" is the impact on FY21 result and how many of their customers are switching supplier?

fruitty ( Date: 04-Jun-2020 09:32) Posted:

What concerns me is their FY21 revenue that will be significantly lower compared to FY20. While other shares are going up to their previous high, may not be a good idea to get stuck here.

Blame their choice of word " significant" ..
Can anyone check with the company and clarify how " significant" is the impact on FY21 result and how many of their customers are switching supplier?

fruitty ( Date: 04-Jun-2020 09:32) Posted:

What concerns me is their FY21 revenue that will be significantly lower compared to FY20. While other shares are going up to their previous high, may not be a good idea to get stuck here.

Bro final div means AGM for 2019

hotelgrand ( Date: 04-Jun-2020 09:38) Posted:

Wow...AGM over alreadyy meh?...cannot be FYE 31march..results just announced ytday??

NT1825 ( Date: 04-Jun-2020 09:32) Posted:

Yes. Final div is confirmed, approved in AGM last week. Those who recently bought this counter and keep will get to see the div soon