Valuetronics kept at 'buy' with 57 cents target price by KGI Fraser

Stock Name: Valuetronics
Company Name: VALUETRONICS HOLDINGS LIMITED

Research House: KGI Fraser

Price Call: BUY

Target Price: 0.57

SINGAPORE (Feb 11): KGI Fraser Securities has retained its "buy" rating on Valuetronics Holdings with a higher target price of 57 cents, saying the stock of the electronics original equipment manufacturer is an undervalued gem.

"(It's) hard to find another stock, with such fundamentals, this cheap. Valuetronics is currently trading at only 6.3 times estimated core price-earnings ratio of financial year ending Mar 31, 2015 (FY15) or 2.5 times ex-cash," said KGI Fraser analyst Renfred Tay in a note today.