Valuetronics

Broker's Calls

Valuetronics to benefit from GPU leasing service, PhillipCapital raises TP to 78.5 cents

Valuetronics has also entered into a 55:45 joint venture (JV) named Trio AI, with Hong Kong graphics processing unit (GPU) and artificial intelligence (AI) solutions provider SinnetCloud Group.

Deals, joint ventures & alliances

Valuetronics to further invest HK$172 mil on some 750 GPU chips, hardware for AI-focused JV

Valuetronics set up a JV with SinnetCloud HK in June. The latter is a wholly-owned Hong Kong subsidiary of Sinnet Cloud, a GPU and AI solutions provider.

Deals, joint ventures & alliances

Valuetronics to invest HK$7.7 mil in GPU, AI cloud services JV

Valuetronics’ subsidiary will acquire the GPU-enabled servers and hardware and lease them back to the JV for 60 months.
PhillipCapital lifts TP on Valuetronics to 76 cents after better-than-expected FY2024 patmi - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital lifts TP on Valuetronics to 76 cents after better-than-expected FY2024 patmi

PhillipCapital's Paul Chew has kept his 'buy' call on Valuetronics at a raised target price of 76 cents from 70 cents previously.

Results

Valuetronics’ FY2024 earnings up by 29.8% y-o-y to HK$159.6 mil on better margins and higher interest income

The group has recommended a final dividend of 9 HK cents per share and a special dividend of 8 HK cents per share.

Broker's Calls

UOB Kay Hian upgrades Valuetronics to ‘buy’ with TP of 72 cents; PhillipCapital ups TP to 70 cents

Valuetronics has reported earnings of HK$82.1 million ($14.3 million) for the 1HFY2024 ended Sept 30, 42% higher y-o-y.

Results

Valuetronics reports 1HFY2024 earnings of HK$82.1 mil, 42% higher y-o-y, on higher margins and other income

The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.
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