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Finding Value in Valuetronics (BN2.SI)
By Rolf Suey - Invest in Yourself  •  June 5, 2020
SHARE PRICE TUMBLES AND WHY?
Valuetronics share price has fell more than 10 percent this last week. This is primarily because of the announcement of FY profit ending 31 March 2020 falling 10.3 percent to HK$179m compare to HK$199.5 million a year ago.
But the biggest risk is not just the Covid19 pandemic leading to the decline in earnings, but US-China trade tensions. This is because Valuetronics has close to 40% of its HKD 2.354B revenue deriving from US.
All analysts have given sell ratings this week.
Nontheless, I think there is Value in Valuetronics despite the pessimism.  
STRONG BALANCE SHEET
Strong Cash Generation Current ratio is more than two times with total current assets of HKD 1.675B of which cash and bank deposits stand at HKD1,053B. Net cash generated from operations is HKD 346 M. The company has no debts and is...
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By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
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