Innovalues Limited : Stock Specific Report

COMPANY OVERVIEW:

• Innovalues Limited engages in the manufacture, assembly, and sub-assembly of precision turned machining parts, components, and electronic and mechanical devices worldwide. 
  
• The company operates through three segments: Automotive, Office Automation, and Others. It provides precision components for office automation, including OA shafts and printer rollers; precision components for hard disk drives (HDD), such as HDD spindle flanges, HDD spindle motor hubs, and HDD pivot assembly shafts and sleeves; precision components for automotive, including mono-crystalline silicon strain gages and occupant weight sensors; and precision rubber products, such as rubber roller cots, textures or groove surface rollers, belts, and flippers.
• The company also offers plating services comprising electroless nickel on steel parts, electroless nickel on aluminum parts, chrome free electro-zinc plating, zinc phosphating, and hard anodizing. It serves automotive, office automation, oil and gas, process, home appliances, and infrastructure industries.
• The company has operations in Singapore, Thailand, Malaysia, the People's Republic of China, the United States, Mexico, and Brazil. Innovalues Limited was founded in 1997 and is headquartered in Singapore.

Price/Book value	2.898
P/E Ratio	10.612
EV/EBITDA	7.08
5-Year Beta	0.716
Total Market Cap	S$ 222.30 MM

FINANCIAL VIEW

• Revenue, Gross profit and Net profit are continuously increasing over the last 3 years.
• Total assets, Cash flow from Operating activity is continuously increasing over the last 3 years.

	Y2013 31Dec 13	FY2014 31Dec 14	LTM Ending 30 Jun 15
Revenue	99.327	108.468	115.667
Gross Profit	18.519	28.841	34.286
Operating Income	18.015	24.328	29.201
Net Income	8.676	15.811	28.812
Total Assets	83.879	95.333	102.04
Total Liabilities	26.972	24.67	25.32

STOCKS TECHNICAL:

Daily Chart

SGX Symbol	591	Currency	SGD
Last Done	0.670	Volume(‘000)	7253.5
Day’s Range	0.64 - 0.665	52 Weeks’ Range	0.28 - 0.94

Weekly Chart

S1	S2	R1	R2
0.630	0.605	0.700	0.740

TECHNICAL INDICATORS:

Daily Chart: RSI is near the center line indicating bullishness and is at 42.691 and CCI is below the signal line at -34.603. MACD is at -0.037 above its signal line i.e, -0.041.

Weekly Chart: RSI is near the center line indicating bullishness and is at 43.789 and CCI is below the signal line at -130.476. MACD is at 0.010 above its signal line i.e, 0.045.

Our VIEW:

Innovalue is technically very sound. RSI is indicating bullish trend in near future. Bulluish trend is also supported by MACD in daily and weekly chart as faster MACD is above slower MACD indicating bullishness. It is expected to continue its bullish trend..If it breaks the resistance of 0.700 it is expected to rise up till 0.740/0.795 in short period.

Overall Trend: It is consolidating in both weekly and daily chart.

Short term View: BULLISH with support @0.630 TARGET 0.700

Long term View: BULLISH with support @0.605 TARGET 0.740

If traded on proper support and resistance for a day or so we can take out good profit in the contra holding also.