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Valuetronics Holdings I NEUTRAL (downgrade)
Feb 14 close: S$0.71
Target price: S$0.78

RHB Research, Feb 14

Valuetronics reported a decent Q3 FY19, with profit after tax and minority interests (PATMI) rising 2.6 per cent to HK$59.7 million (S$10.3 million) and gross profit margin widening to 15.9 per cent from 14.4 per cent. However, its smart lighting segment will likely continue to face pressures. That, on top of the company missing out on US orders for new-generation smart lighting - which forms...

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