Valuetronics Holdings

[InvestArk]

Have exited my position on valuetronics, been a good ride for the past year. At 51cents, (pe 10 based on assumption earnings of 33mil per quarter )I find that its upside is pretty much limited. I wish all buddies who remain vested all the best and hope its ICE segment can do well in the following quarters to come.

[Bluechipfan]

I will hold for at least 9 more months to see will the newly announced dividend policy materialised. Given my entry price, I am comfortable to hold if the last dividend payout rate is sustainable and the share price does not dip below 38 cents. If I can collect SGD 15 cents dividend in next 4/5 years, the price can drop to 30 cents and I will have no concern. Of course, that's theoretical speech. If the company keep up with its performance, I do not foresee the share price dipping to such a low level.

[Curiousparty]

I think the sweetest part for this counter is over ....good luck to all

[greengiraffe]

http://www.businesstimes.com.sg/premium/...m-20140813

PUBLISHED AUGUST 13, 2014
Valuetronics Q1 profit hits HK$33.9m
Jump in industrial and commercial electronics revenue
BYJAN LEE
janlee@sph.com.sg

VALUETRONICS has reported net profit of HK$33.9 million (S$5.5 million) for the first quarter of FY15 ended June 30
, up 1.8 per cent from HK$33.3 million a year ago.
Revenue climbed 2.5 per cent to HK$626.6 million from HK$611.2 million a year ago.
Industrial and commercial electronics revenue increased by 36.4 per cent to HK$242.7 million from HK$177.9 million a year ago, but consumer electronics revenue dropped 11.4 per cent to HK$383.9 million from HK$433.3 million a year earlier. The drop in consumer electronics revenue is mainly attributed to the uncertainties of the broader Chinese economy weakening demand.

[LocalOptimal]

Sharp drop today... any fundamental reason?

[Bibi]

Sharp drop today... any fundamental reason?

There are actually a lot of traders in SGX. Once a stock chart cross down its dunno how many days moving average, a lot of punters will sell.

[LocalOptimal]

Sharp drop today... any fundamental reason?

There are actually a lot of traders in SGX. Once a stock chart cross down its dunno how many days moving average, a lot of punters will sell.

That's what I thought too. Was wondering if I had missed out any announcement. Thanks.

[Bubbachuck]

Last announcement was the 1Q report. Only bad news was the CE revenue. Hopefully their ICE could drive the growth moving dorward.

[specuvestor]

The main concern is the massive squeeze in LED general lighting ASP and margins that is rapidly commoditizing which was their growth driver past 2 years

[greengiraffe]

Valuetronics, Maybank Kim Eng initiate with SELL;

Losing the light; Initiate with SELL (TP SGD0.25, VALUE SP, Technology)

 Initiate with SELL, TP SGD0.25 (4.4x FY16E P/E). Earnings forecast to decline in next two years.
 Major customer spinning off LED lighting business, given fierce Chinese competition, price wars and falling margins.
 Stock unlikely to perform until uncertainties blow over. We would be buyers only at SGD0.25 or below.