Wednesday, April 1, 2015

Valuetronics

Valuetronics: Rhb initiates with Buy and TP of $0.64. The house expects the industrial and commercial electronics segment with higher margins to continue registering strong growth, and believes the successful listing of Philips’ lighting business to bring catalysts. The stock boasts 8% div yield, and is trading at 2.5x ex-cash FY16e P/E.

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