Singapore Stock Market News

Valuetronics - Industrial to Wear the Trousers

StockFanatic
Publish date: Wed, 19 Aug 2015, 12:38 PM
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• LED light bulb business got considerably smaller; consumer revenue plunged 27% YoY in 1QFY3/16. Given low margins, impact on the bottom-line was contained.

• Acquisition of two new customers this year is expected to boost sales starting from FY3/17.

• We cut our FY16-18E EPS forecast by 2-4%. Maintain BUY with TP of SGD0.62. FY16 net dividend yield is 9.1%.
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