Analysts are warming up to this small cap automotive part manufacturer. Growing revenues, stable balance sheet, strong FCF, visionary management - hallmarks of a potential small cap gem. Also, with growing FCF and stronger profitability, management may raise its dividend payouts (especially given that the group has settled its borrowings).
It seems Innovalues has better and clearer prospects than Valuetronics - my top small cap stock previously.
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The recent report that Innovalues has been qualified by 2 major branded car manufacturers is a major catalyst for this stock. The positive uptrend in its stock price is evident and is currently holding well amidst volatility.
Potentially, Innovalues can evolve into a high yield play driven by a progressive business model.