COMPANY OVERVIEW:
Innovalues Limited engages in the manufacture, assembly, and sub-assembly of precision turned machining parts, components, and electronic and mechanical devices worldwide.
The company operates through three segments: Automotive, Office Automation, and Others. It provides precision components for office automation, including OA shafts and printer rollers; precision components for hard disk drives (HDD), such as HDD spindle flanges, HDD spindle motor hubs, and HDD pivot assembly shafts and sleeves; precision components for automotive, including mono-crystalline silicon strain gages and occupant weight sensors; and precision rubber products, such as rubber roller cots, textures or groove surface rollers, belts, and flippers.
The company also offers plating services comprising electroless nickel on steel parts, electroless nickel on aluminum parts, chrome free electro-zinc plating, zinc phosphating, and hard anodizing. It serves automotive, office automation, oil and gas, process, home appliances, and infrastructure industries.
The company has operations in Singapore, Thailand, Malaysia, the People's Republic of China, the United States, Mexico, and Brazil. Innovalues Limited was founded in 1997 and is headquartered in Singapore.
Price/Book value | 2.898 |
P/E Ratio | 10.612 |
EV/EBITDA | 7.08 |
5-Year Beta | 0.716 |
Total Market Cap | S$ 222.30 MM |
FINANCIAL VIEW
Revenue, Gross profit and Net profit are continuously increasing over the last 3 years.
Total assets, Cash flow from Operating activity is continuously increasing over the last 3 years.
| Y2013 31Dec 13 | FY2014 31Dec 14 | LTM Ending 30 Jun 15 |
Revenue | 99.327 | 108.468 | 115.667 |
Gross Profit | 18.519 | 28.841 | 34.286 |
Operating Income | 18.015 | 24.328 | 29.201 |
Net Income | 8.676 | 15.811 | 28.812 |
Total Assets | 83.879 | 95.333 | 102.04 |
Total Liabilities | 26.972 | 24.67 | 25.32 |
STOCKS TECHNICAL:
Daily Chart
SGX Symbol | 591 | Currency | SGD |
Last Done | 0.670 | Volume('000) | 7253.5 |
Day's Range | 0.64 - 0.665 | 52 Weeks' Range | 0.28 - 0.94 |
S1 | S2 | R1 | R2 |
0.630 | 0.605 | 0.700 | 0.740 |
TECHNICAL INDICATORS:
Daily Chart: RSI is near the center line indicating bullishness and is at 42.691 and CCI is below the signal line at -34.603. MACD is at -0.037 above its signal line i.e, -0.041.
Weekly Chart: RSI is near the center line indicating bullishness and is at 43.789 and CCI is below the signal line at -130.476. MACD is at 0.010 above its signal line i.e, 0.045.
Our VIEW:
Innovalue is technically very sound. RSI is indicating bullish trend in near future. Bulluish trend is also supported by MACD in daily and weekly chart as faster MACD is above slower MACD indicating bullishness. It is expected to continue its bullish trend..If it breaks the resistance of 0.700 it is expected to rise up till 0.740/0.795 in short period.
Overall Trend: It is consolidating in both weekly and daily chart.
Short term View: BULLISH with support @0.630 TARGET 0.700
Long term View: BULLISH with support @0.605 TARGET 0.740
If traded on proper support and resistance for a day or so we can take out good profit in the contra holding also.
LanSeeBoy
Key customer concentration far too high. Prefer Memtech.
2015-09-09 21:53