Valuetronics

Maybank Kim Eng is still optimistic on Singapore's tech manufacturing sector. Find out why.

RHB Group Research and Maybank Kim Eng give their takes on the Singapore tech sector.

Analysts are still pessimistic over Valuetronics, despite its 1HFY2021 earnings coming in above their expectations.

An interim dividend for the 1HFY2021 has been declared at 5 HK cents.

Maybank analyst Lai Gene Lih identifies AEM Holdings to be the brokerage’s top tech sector pick, while remaining positive on UMS Holdings and Valuetronics. In contrast, the brokerage has downgraded Venture Corp and Hi-P International to "sell".

CGS-CIMB identifies strengths in the counter which investors should pay attention to. For instance, Valuetronics boasts a “robust” balance sheet with zero debt, and HK$1.03 billion ($184.3 million).

According to RHB, Valuetronics has notified its customers about potential delays to its scheduled shipments.

SINGAPORE (Aug 14): Valuetronics Holdings reported earnings fell 3.1% to HK$48.1 million ($8.5 million) in 1Q20 from HK$49.7 million in 1Q19.

SINGAPORE (June 12): Maybank Kim Eng Research is keeping its “buy” recommendation on Valuetronics with an unchanged target price of 99 cents – implying an upside of more than 50% from its current trading price.