Valuetronics - "Thoughts on the market".

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14 Oct 2014 19:27 #21020 by zane
Highly bearish report by Maybank today. I am waiting to see if Valuetronics (33.5 cents now) will decisively carry out a share buyback program to calm the market.

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14 Oct 2014 20:53 #21022 by sykn
I read the report and felt that it was quite unfair; it contained no new facts (perhaps only one, that their key CE customer is splitting up its business) but lots of long-shot negative assessments. The fact that CE business is waning and ICE business has to take the lead, is nothing new. Sigh, just have to trust your own judgement; listening to other people will make you go crazy!

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15 Oct 2014 03:44 #21027 by lotustpsll
Just read the MBB report after returning from an overseas trip. I am of the view that the analyst may be too heavy handed in this instance. There was nothing new to what we already know.

Although I have sold down significantly my holding I still believe in the management of this quality small cap and its ability to re-position its business model. There may be short term impact on performance but to state a TP of 25c is clearly to push down its stock price.

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15 Oct 2014 12:17 #21028 by chinsoonyuen
dont wait for sharebuyback
be greedy when others are fearful...

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15 Oct 2014 19:27 #21031 by Garak
31 cents -- at this level, bound to attract bargain hunters and short-term players hoping for a bounce.

I wait till hit 25 cents, if ever.

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16 Oct 2014 01:35 #21033 by lotustpsll
Phillips Securities has issued a rebuttal report to Maybank Kim Eng. The ball is in the latter now and lets awaits its response.

I feel strongly that the management of Valuetronics should could out with a statement to address this matter.

Negative reporting is fine if it is based on solid grounds, however, if they are not then the parties involved should be investigated accordingly as shareholder value is severely impacted. Whether it is negligence or poor judgment or for other reasons, only an investigation can determine.

In this case, I think SGX should look into the matter.

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