- Weak FY22 results due to supply disruptions, in line.
- Margin pressure to persist; financial position remains strong with 69% cash-to-market cap ratio.
- Cut FY23F/24F earnings forecast for Valuetronics by 18%/23% on weaker margin assumption.
Weak FY22 results due to supply disruptions, in line
- - Read this at SGinvestors.io -
CE outperformed ICE, but it is not sustainable.
- Revenue for the Consumer Electronics (CE) segment was up 3.8% to HK$706.9m and accounts for 35.9% of total revenue, up from 29.8% in FY21. This was mainly due to the rebound of orders from smart lighting customers. However, this is not expected to continue due to lower customer forecasts and the component shortage.
- - Read this at SGinvestors.io -
Margin pressure.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-05-27
Read also DBS's most recent report:
2025-07-01 Valuetronics - Value Back In Focus.
Price targets by 2 other brokers at Valuetronics Target Prices.
Listing of research reports at Valuetronics Analyst Reports.
Relevant links:
Valuetronics Share Price History,
Valuetronics Announcements,
Valuetronics Dividend Payout Dates & Corporate Actions,
Valuetronics News
