Singapore's Valuemax Group H1 revenue rises 38% on higher jewellery, gold demand
Singapore's Valuemax Group H1 revenue rises 38% on higher jewellery, gold demand
Overview
Singapore pawnbroking firm's H1 revenue rose 38% yr/yr to S$370.7 mln
Profit for the period increased 30% yr/yr to S$63.6 mln
Basic EPS grew 23% yr/yr to 6.63 cents
Outlook
Company did not provide specific financial guidance
Result Drivers
REVENUE GROWTH - H1 revenue rose 38% yr/yr to S$370.7 mln, due to the increase in the revenue from retail and trading of jewellery and gold, pawnbroking and moneylending businesses
Company press release: ID:nSN3GTGWL
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$370.70 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Valuemax Group Ltd is S$1.16, about 18.3% above its August 12 closing price of S$0.98
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Aug 11 - Singapore's Moneymax 1H revenue rises, expects to increase FY profitability
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Aug 12 - Singapore's City Developments H1 profit triples on Lumina Grand recognition
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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See all newsSingapore's Valuemax Group H1 revenue rises 38% on higher jewellery, gold demand
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