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Valuetronics Holdings: Sterling quarter
Summary: Valuetronics Holdings (VHL) reported a set of 2QFY11 results that beat our expectations. Looking into 2HFY11, the group expects the global market conditions to remain relatively stable, notwithstanding the usual operational challenges such as higher raw material prices, labour costs and unfavourable forex movements. While its major customers’ orders have resumed to pre-crisis levels, VHL noted that they have started to launch new products. On its licensing business, the group also anticipates the segment to bring in incremental sales for the rest of fiscal year. Nevertheless, VHL does not rule out a sequential decline in 3Q sales, as it progresses into the seasonally slower 2H. We continue to like VHL for its growth potential, diversified product range, and healthy financial position. We feel that the group has executed well, notably in its licensing business with the addition of portable electric fans and heaters to its licensing portfolio. We raise our fair value to S$0.44 (S$0.39 previously) as we bump up our FY11 forecasts by 11.2-14.1%. Maintain BUY
Source: OCBC Secs
Make Love More, Don't Make More Enemies
any idea whats going on with this scrip? they say 2 key stakeholders have reduced their positions with substantial amount of shares recently?
Now only 0.20 !!! Opssss !! see wrongly .. it was 2007 !!!
punter2006 ( Date: 28-Mar-2007 09:46) Posted:
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Valuetronics trading at 0.30-0.305 now, not far away from grey market price of 0.29...