[ET Net News Agency, 12 January 2018] Daiwa Research maintained its target price for
Vtech Holdings (00303) at HK$126, and upgraded its rating to "buy" from "outperform".
The research house said VTech's share price has declined 10% over the past three months.
After a call with management, Daiwa said the company reiterated its positive guidance for
FY2018.
Daiwa believes concerns over Toys R Us' bankruptcy on VTech's Electronic Learning
Platform (ELP) business are overdone. The company's strong track record, inexpensive
valuation and its 7% dividend yield for FY2019 makes VTech an attractive laggard play.
(KL)