Valuetronics - Phillip Securities 2025-11-17: Operating Earnings Growing Stronger

• Valuetronics (SGX:BN2)'s 1HFY26 results were within expectations. Revenue and PATMI were 46%/53% respectively of our FY26e forecasts. 1H26 PATMI grew 2.7% y-o-y to HKD93mil. Around 10% points of earnings growth was held down by lower interest income. Operating profit rose around 17% y-o-y to HKD71mil. Dividends were unchanged at 8 HK cents in 1H26 (4 cents interim, 4 cents special).
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The Positives

Operating earnings rebound strongly.

• Operating earnings rose 16.5% to HKD71mil. There was a 1.4%-point increase in operating margins. Higher ICE (industrial and commercial electronics) and new customer contributions supported margin expansion.

The Negatives

TrioAI is still loss-making.

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Outlook

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2025-06-09 Valuetronics - Back To Growth After 6 Years.

Price targets by 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