Brokers' take

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 compan…