Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

Value-focused bottom-up Asian equity research

NVB Asia Pte Ltd

Equity Bottom-Up

<ul><li>Valuetronics provides Integrated Electronics Manufacturing Services (EMS)</li><li>Focus on Consumer Electronics (CE) and Industrial &amp; Commerical Electronics (ICE)</li><li>Cyclical company but entry into automotive supply chain could be game changer</li><li>Consistently strong cash flow and dividend track record. Never loss making since 2004.</li><li>Management owns 26% of shares outstanding.</li><li>Net cash is 43% of market value, expected dividend yield of 6% for fiscal 2017.</li><li><a href="https://www.smartkarma.com/entities/8387" target="_blank" data-smartkarma-citation="entities:8387:1">Valuetronics Holdings Ltd (VALUE SP)</a> trading at (ex-cash) 6 times 2017 earnings estimate and 5x EV/EBITDA.</li><li>My estimate of Fair Value is 1.14 SGD per share, or 52% upside.</li></ul>

Valuetronics provides Integrated Electronics Manufacturing Services (EMS)Focus on Consumer Electronics (CE) and Industrial &amp; Commerical Electronics (ICE)Cyclical company but entry into automotive supply chain could be game changerConsistently strong cash flow and dividend track record. Never loss making since 2004.Management owns 26% of shares outstanding.Net cash is 43% of market value, expected dividend yield of 6% for fiscal 2017.Valuetronics Holdings Ltd (VALUE SP) trading at (ex-cash) 6 times 2017 earnings estimate and 5x EV/EBITDA.My estimate of Fair Value is 1.14 SGD per share, or 52% upside.

Discover Singapore: Valuetronics (VALUE SP), Not Your Typical S-Chip

Head of Digital Services at Singapore Post Ltd, Singapore Post Limited

Bernard Leong

Head of Digital Services at Singapore Post Ltd

Singapore Post Limited

Thematic (Sector/Industry)

How should digital leaders advise businesses? Two ways: target the high and low ends of the market while allowing cannibalisation against their current business model in a controlled pace.&nbsp;The trick lies in capital allocation and separation of the products/services moving towards both ends. Digital products often require high cost of acquisition contrary to perception by businesses that it is cheaper against traditional channels.

How should digital leaders advise businesses? Two ways: target the high and low ends of the market while allowing cannibalisation against their current business model in a controlled pace.&nbsp;The trick lies in capital allocation and separation of the products/services moving towards both ends. Digital products often require high cost of acquisition contrary to perception by businesses that it is cheaper against traditional channels.

Digital disruption bifurcates traditional market segmentation

Singapore

Valuetronics Holdings Ltd. offers original equipment manufacturing and original design manufacturing services.  The Company serves customers in the telecommunications, industrial, commercial electronic products, and consumer electronic products industries.

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Valuetronics Holdings (VALUE SP)

Discover Singapore: Valuetronics (VALUE SP), Not Your Typical S-Chip

Valuetronics provides Integrated Electronics Manufacturing Services (EMS) Focus on Consumer Electronics (CE) and Industrial & Commerical...

Nicolas Van Broekhoven

Digital disruption bifurcates traditional market segmentation

How should digital leaders advise businesses? Two ways: target the high and low ends of the market while allowing cannibalisation against their...

Bernard Leong

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)