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...