Singapore Stock Market News

Valuetronics - Unearthing Its True Value

StockFanatic
Publish date: Tue, 03 Mar 2015, 10:48 AM
StockFanatic
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We initiate coverage on Valuetronics, a manufacturer of both consumer and industrial electronic products with a BUY and a DCF-based TP of SGD0.64 (45% upside). Going forward, we expect its industrial and commercial electronics (ICE) segment with higher margins to continue to register strong growth. With its high 8+% dividend yield, net cash representing 56% of its market cap, strong cash generation and as it is trading at just 2.5x FY16 (Mar) ex-cash P/E, this stock is a clear bargain.
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