Brokers' take

Valuetronics Holdings | NEUTRAL Target price: S$0.81 May 31 close: S$0.78 RHB Research, May 31

VALUETRONICS enjoyed a superb FY17 (ended March). With a few new projects in the pipeline in its ICE (industrial and commercial electronics) segments, we expect both CE (consumer electronics) and ICE segments to grow at 10 to 12 per cent year on year.

We consider that the share price has done very well especially in the recent few months, and with slower growth going forward we downgrade to "neutral" with a revised discounted cash flow-derived target price of S$0.81…