Valuetronics announced that its earnings for 1HFY2023 ended September came in at HK$57.9 million ($10.2 million), a 2.2% increase from HK$56.6 million a year ago.This came on the back of revenue increasing by 3.6% y-o-y to HK$1.1 billion.Industrial and Commercial Electronics revenue increased by 15....

Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

The provider of manufacturing services for consumer gadgets Valuetronics Holdings has been steadily buying back its own shares. The most recent transaction was on July 12 for the acquisition of 80,000 shares on the open market at 52.5 cents each. This brings the cumulative number of shares acquired ...

RHB has upgraded Valuetronics to “neutral” from “sell” on a recovering outlook, although it remains cautious of ongoing headwinds brought on by issues such as supply chain and component shortages. 

RHB Group Research analyst Jarick Seet has upgraded his recommendation on Valuetronics to “neutral” from “sell” after deeming the company’s worst times to be over.Seet has also upped his target price to 53 cents from 51 cents previously.In his June 8 report, Seet noted that Valuetronics ha...

DBS Group Research’s Ling Lee Keng has maintained her “hold” call on Valuetronics, but has lowered her target price to 51 cents from 55 cents.In a May 27 note, Ling says that Valuetronics continues to be affected by component shortages as well as factors like the Covid-19 pandemic, Russia-Ukra...

DBS Group Research expects margins for electronics manufacturing services provider Valuetronics will remain weak amid headwinds from supply chain disruptions and macroeconomic uncertainties.

Valuetronics reported an 11.1% y-o-y decline in revenue to HK$2,027 million and a 39.3% y-o-y decline in net profit to HK$113.5 million in FY2022, for the 12 months to Mar 31, 2022.The poor results were attributed to a global shortage in components. The supply problem for a wide range of electronics...

ELECTRONICS manufacturing services provider Valuetronics on Thursday (May 26) posted a 40.5 per cent drop in its net profit for the second half ended Mar 31.

THE following companies saw new developments that may affect trading of their securities on Thursday (May 26):

These counters were selected as they fit the following criteria: They are favourable sectors in the current inflationary environment, like banks, upstream commodity producers, and those riding on the aviation and tourism sectors’ recovery.Furthermore, these stocks ride on structural changes and th...

RHB Group Research analyst Jarick Seet has upgraded his recommendation on the Singapore technology sector to “overweight” from “neutral”. His upgrade comes after the recent correction within the tech sector, which resulted in undemanding valuations, especially that of Singapore-listed counte...

Amid the uncertainties due to the ongoing war in Ukraine, DBS Group Research analysts Yeo Kee Yan and Janice Chua have kept their year-end Straits Times Index (STI) target of 3,550 points. The target is pegged to slightly below a 13.2x average FY2023 P/E. The way Yeo and Chua see it, the three Sin...

THE board of Valuetronics is proposing to use up to HK$250 million (S$43.5 million) in funds for a share buyback programme.

Maybank Securities analyst Lai Gene Lih is keeping his “positive” recommendation on the Singapore technology sector despite a sector sell-off amid rate-hike fears. Amid that, Lai says he perceives Singapore tech stocks to “have short duration, due to strong current earnings growth and cashflow...