[ET Net News Agency, 21 May 2021] Daiwa Research lifted its target price for VTech
Holdings (00303) to HK$85 from HK$63 and maintained its "outperform" rating.
The research house said VTech's FY2021 net profit came in at US$231m, beating the
consensus estimate by 15%. The robust performance was backed by stronger-than-expected
revenue growth in 2H and better sales and marketing expense control, expanding OPM.
Daiwa expects VTech's order book to remain robust in FY2022, though with some
uncertainties in raw-material supplies. With a 9% dividend yield, it expects VTech to
remain attractive to investors given the global shift from growth to value stocks. (KL)
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00303 VTECH HOLDINGS
Nominal 
43.200 -0.150 (-0.346%) Research Report
21/05/2021 17:00
{I-bank focus}Daiwa lifts VTech Holdings (00303) to HK$85
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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