Monday, March 2, 2015

Valuetronics started at "buy", 64-cent target by OSK DMG

Stock Name: Valuetronics
Company Name: VALUETRONICS HOLDINGS LIMITED
Research House: OSK-DMGPrice Call: BUYTarget Price: 0.64



SINGAPORE (March 2): OSK DMG has started coverage on Valuetronics with a "buy" rating and 64-cent price target.

The maker of consumer and industrial electronic products is "substantially undervalued", with its net cash representing 56% of its current market value and the stock trading at a "bargain" of 2.5 times projected 2016 earnings excluding cash, according to OSK DMG analysts Jarick Seet and Terence Wong.

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