Valuetronics Holdings | Buy
Oct 16 close: S$0.33
Target price: S$0.69
AmFraser Research, Oct 16
Dutch MNC is separating out the lighting division, not shutting it down. We think the sell-down on this weeks-old piece of news was totally unwarranted. The sale of LED light bulbs is not the core revenue generator for this MNC. We therefore do not believe that the decision to spin-off the weaker lighting division came just from headwinds in LED sales.
There were also views that suggest that Value will continue...