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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

  • Aug 12 - Singapore's Yangzijiang Financial H1 profit slips on lower interest income

  • 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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