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Valuetronics (SGX:BN2) raised its dividend payout ratio and stepped up its capital management plan to return HK$300m via buyback and special dividend over two years.
- - Read this at SGinvestors.io -
FY26 revenue in line.
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Revenue came in at HK$1.65b (-4% y-o-y), meeting 101% of our forecast. Industrial and commercial electronics (ICE) revenue rose to a record HK$1,446m (+6% y-o-y) as the network-access-solutions customer continued to see growth in FY26.
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In the consumer electronics (CE) segment, revenue fell 42% y-o-y to HK$214m in FY26 due to the phase-out of legacy products in the traditional consumer lifestyle product.
Weaker-than-expected earnings due to one-off impairment.
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Payout policy upgraded to 50-70%.
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Management declared a final dividend of 14 HK cents/share and special dividend of 16 HK cents/share, bringing total FY26 Valuetronics's dividends to 38 HK cents, up 41% y-o-y (FY25: 27 HK cents). This translates to 100% of adjusted EPS.
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Concurrently, management announced a revised dividend policy to 50-70% of net profit (30-50% previously), effective immediately.
HK$300m capital return not yet priced in.
- Read more at SGinvestors.io.
