Based on capital appreciation alone, Innovalues has jumped 64.2% year to date as compared to -14.5% and -17.9% for STI and FTSE ST Small Cap Index respectively. Thus, Innovalues can be considered one of the star performers in the small to mid-cap space. Based on the average analyst target polled by Bloomberg, the target price for Innovalues is $0.970, which represents a potential capital upside of 24.4% for FY16F. For some investors or analysts whom I have talked to, some of them feel that Innovalues may not be as exciting as other stocks on a relative basis. Is this the case? Let’s take a look at Innovalues’ developments. Company description According to Innovalues’ press release, it was set up in 1997. It specializes in the manufacturing of customized precision machined parts and components. These include automotive components, printer rollers, mechanical devices, and sub-assemblies as ......