Singapore Stock Market News
Valuetronics - Down the hill, as expected
StockFanatic
Publish date: Thu, 06 Nov 2014, 11:24 AM
StockFanatic
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■ 2QFY3/15 results in line. Revenue and net profit down 0.7% and 8.4% YoY respectively.
■ Continues to face fierce competition and price pressure in lighting, a de-rating catalyst. EPS trimmed by about 1%.
■ Maintain contrarian SELL and SGD0.25 TP, at 4.4x FY16E EPS.
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