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u sure the boat won' t sink ah...:)
Boatman ( Date: 17-Nov-2023 11:05) Posted:
| boat is leaving... buy now!!! covid price |
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CITY Developments Limited : C09 -2.38% (CDL)&rsquo s subsidiaries, CDL Investments New Zealand (CDI), and Millennium and Copthorne Hotels New Zealand (MCK), have each been fined NZ$50,000 (S$40,508) by the NZ Markets Disciplinary Tribunal.
The penalties are related to both companies&rsquo listing rule breaches between 2018 and 2020, said CDL on Thursday (Nov 16).
In addition to the fine, both CDI and MCK will need to cover the costs incurred by New Zealand&rsquo s Exchange Regulation (NZ RegCo) and the Tribunal in connection with the matter.
CDL&rsquo s board noted that the breaches related to both companies&rsquo audit committee in 2018 not having the required number of members, but this was self-corrected by MCK in 2020.
The New Zealand market watchdog, however, acknowledged their good intention when including only independent directors on its audit committee, therefore reducing the member number to two instead of three as required by listing rules.
Given the historical nature of the breach, MCK and CDI said they are &ldquo disappointed&rdquo by the penalty amount.
selldown overdone, IMHO..what' s 50K for CDL when they can afford to lose $2B!
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anything is possible
Leenyah ( Date: 14-Nov-2023 10:26) Posted:
| Dropped so much, I thought there is investment overseas which is not doing well |
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like the Sincere saga....selldown
Goodwill77 ( Date: 15-Nov-2023 06:47) Posted:
A lot of selling, price under pressure...
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AEM SGD ($3.19, down $0.15): The Edge recently reported that AEM Hldgs posted a net profit of $3.5 million for the nine months ended September, a drop of 96.9% y-o-y compared to the same period in FY2022, as semiconductor device makers continued to reduce inventory in 3QFY2023, compounded by a slower recovery in Chinese demand. Revenue in the same nine-month period was down by nearly half, or 48.2%, to $387.0 million, as overall sluggishness in the semiconductor industry saw most of AEM&rsquo s customers pushing out their capital expenditure for testing equipment to next year. The company has kept its revenue guidance for the whole of FY2023 to be between $460 million and $490 million. As at Sept 30, AEM&rsquo s net asset value (NAV) per share stood at $1.54, while its cash and cash equivalents came to $106.1 million. &ldquo The test equipment market has been challenged this year,&rdquo says AEM&rsquo s CEO Chandran Nair. &ldquo We continue to invest in the technology pillars, which is resulting in a growing patent portfolio, that provides us with the technology differentiation that is highly sought after by our customers, and we firmly believe that we are well-positioned to take advantage of the market upswing expected in late 2024 and beyond.&rdquo AEM has observed signs of stabilisation in the smartphone and PC markets have begun to emerge, with experts forecasting 2024 to be a year of growth for PCs and smartphones. Inventory levels are reducing across the board, and the semiconductor industry appears to be passing through the trough of the cycle, says the company. The company says it is investing prudently in R& D that will extend its technology differentiation and capture new opportunities related to advanced logic testing requirements. At the same time, it is selectively pursuing adjacent business opportunities that complement its core business, as reported by The Edge. At $3.19, market cap of AEM Hldgs is S$1,031.7mln, trailing 12-mth P/E is 16.3x, P/B is 2.1x and dividend yield is 3.1%.
wehuattogether88 ( Date: 16-Nov-2023 11:46) Posted:
| I think or suspect this 2 major shareholders might be buying more AEM shares from the open this few days also. |
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not too good news I feel as EPF will run once they r in the $$..who bother to be with a loser for the long term...forecast is one thing but AEM may just spring another surprise by dissapointing investors with their results yet again..nothing is for sure
wehuattogether88 ( Date: 16-Nov-2023 11:41) Posted:
Some extracted details from The Edge Singapore:
Malaysia&rsquo s Employment Provident Fund (EPF) increased its stake in AEM Holdings on Nov 10, acquiring 564,500 shares on the open market for $1.89 million or $3.35 each. This brings EPF&rsquo s total interest in the chip tester to just over 34.4 million shares, equivalent to a stake of 11.146%.
Another substantial shareholder of AEM recently added to its stake too. On Oct 30, UK fund manager abrdn acquired 382,800 shares on the open market for $1.33 million or $3.48 each. This brings its total stake to 28.15 million shares, equivalent to 9.114% of AEM. Less than a fortnight earlier on Oct 18, abrdn had acquired 273,000 shares for $960,516.56 or $3.52 each.
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buy in may and go away....maybe? Maybank.....may the force be with u
Joelton ( Date: 07-Nov-2023 14:37) Posted:
Maybank upgrades Venture Corp to ' buy' on better prospects ahead and projected yield of 6.2%
Venture Corp' s 3QFY2023 earnings came in lower than expected but with a more positive outlook, Jarick Seet of Maybank Securities has upgraded his call on this stock from " hold" to " buy" .
On Nov 4, the company reported earnings of $66.4 million for its 3QFY2023, lower than the $70.2 million Seet was projecting, as the company' s cost-cutting measures were outpaced by the drop in its revenue.
However, Seet believes that 3QFY2023 should be the bottom for Venture, whose management has indicated that revealed that certain New Product Introductions (NPIs) will have started in the current 4QFY2023 and more are slated in the coming FY2024.
" Customer inventory levels are also down sharply and we should see more orders placed in 4Q. With a brighter outlook, we think that the worst is over," writes Seet in his Nov 5 note.
Seet is of the view that Venture' s share price, which has dropped around 30% year to date, has " overcorrected" . At current levels, the company, which is sitting on a growing cash pile of $956.65 million, offers a yield of 6.2% yield, - assuming it maintains its dividend payout at 75 cents per share.
" Management has always emphasised sustainable dividends in both good and bad times," notes Seet.
Nonetheless, with a slightly trimmed earnings forecast for FY2023 and FY2024, Seet has similarly cut his target price to $14 from $14.30, which is pegged to 14.5x FY2023 earnings.
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EPF and abrdn buy more AEM shares recovery delayed till late 2024
msksmsks ( Date: 16-Nov-2023 10:04) Posted:
| Waiting for the gap of $3.05 - 3 to be covered. |
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3 and below is attainable
msksmsks ( Date: 16-Nov-2023 10:04) Posted:
| Waiting for the gap of $3.05 - 3 to be covered. |
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i' m green with envy for u...
wavehunter ( Date: 14-Nov-2023 13:40) Posted:
Kamsiah Bro Tong and Bro Max.  .....
Ya man.
Have been feeding on grass, hazy air and blardy hot sunshine for so long leow until not just my face green green but I become green green.
.
I have paper profits in Ascenda$ but cannot take leh.
Skarly I LOON so long she didnt run, the moment I sell she blast off without me. So I LOON on lor. 
Tonite US CPI Data for October will be out at 8.30pm Spore time which is 8.30am New York Time.
Wall Street will open at 10.30pm Spore time.
Hope to see this....
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high chance
msksmsks ( Date: 14-Nov-2023 11:16) Posted:
If this one go to 70ct, i think the goal post wl shift further down liao
piscesmonkey ( Date: 14-Nov-2023 10:58) Posted:
| This one can see 70cents soon. |
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well done
wavehunter ( Date: 14-Nov-2023 10:29) Posted:
MIT...
Bought at 2.17 before results.
Collected 3.32 cts dividends.
Disembarked today at 2.20 and pocketed 3 bids.
Total haul is 6.32 cts. Brokerage 2-way is less than 0.004 cts.
Now ready to jump back into MIT or switch to Ascendas also can. |
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simple. they raise so pple buy and they can say bye! run for your life! AEM is one of the most shorted stock in SGX.
Hopeless! Remove the CEO!
des_khor ( Date: 19-Oct-2023 12:22) Posted:
Those market fortune teller just any how pluck figures from the air . Price adjustment like nobody business !
Klein_Yeoman ( Date: 19-Oct-2023 12:20) Posted:
| CGS-CIMB?s new target price of S$4.11 for AEM, compared with S$2.92 previously, is based on a higher price-to-earnings (PE) multiple of 11.3 times. This is in line with AEM?s five-year average, and higher than its earlier 10.2 times multiple, which its previous price target was based on. The business times 19 Oct 2023. Huat Ah! |
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yah..bleeding like crazy...that' s why i wonder will they pump in more to support or have already given up...
MambaFinancial89 ( Date: 10-Nov-2023 13:32) Posted:
They already pumped in at $4.74, $3.877, and $4. Severely underwater might be a good idea if they want to average down.
tongphlp ( Date: 10-Nov-2023 12:20) Posted:
| will Temasek pump in $ to help? |
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will Temasek pump in $ to help?
MambaFinancial89 ( Date: 10-Nov-2023 09:49) Posted:
9M23 took a hit from arbitration expenses recovery likely deferred till late 2024
9M23 revenue of S$387.0m (-48.2% yoy), largely in line with expectations
9M23 earnings of S$3.5m (-96.9% yoy), below our estimates even after accounting for one-off arbitration expenses of S$26.7m
Worst is likely over, but recovery could be delayed till late 2024
Our Thoughts
Worst is likely over, but recovery could be delayed till late 2024. Macros continue to be uncertain and overall industry capex in 2024 is likely to stay conservative (-0.1%) &ndash logic related capex (where AEM&rsquo s key customer is) will be down slightly (-3.4% yoy) whereas memory related capex will rebound (+12.4% yoy). Consensus estimates for Intel are not too far from the general narrative, with capex set to fall 6.7% yoy in 2023 and stay flattish at +1.0% yoy in 2024. Our views are largely congruent with AEMs expectations of a protracted period of lower tester utilisation rates which pushes out capex spend into late 2024. Nonetheless, Intels capex, while key, is not the only consideration. AEM is also driven by product cycles such as the ramp of new generation equipment. As yet, we do not expect new generation equipment ramp for the key customer in the next two years as capability requirements for the next two to three years has been met. Meanwhile, engagements with new customers continue to progress with ramps expected in 2H24.
We currently have a HOLD call with TP S$3.11, more updates to come after the analyst briefing on 10 November
- Source: DBS
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worst is likely over? the worst is yet to come...
MambaFinancial89 ( Date: 10-Nov-2023 09:49) Posted:
9M23 took a hit from arbitration expenses recovery likely deferred till late 2024
9M23 revenue of S$387.0m (-48.2% yoy), largely in line with expectations
9M23 earnings of S$3.5m (-96.9% yoy), below our estimates even after accounting for one-off arbitration expenses of S$26.7m
Worst is likely over, but recovery could be delayed till late 2024
Our Thoughts
Worst is likely over, but recovery could be delayed till late 2024. Macros continue to be uncertain and overall industry capex in 2024 is likely to stay conservative (-0.1%) &ndash logic related capex (where AEM&rsquo s key customer is) will be down slightly (-3.4% yoy) whereas memory related capex will rebound (+12.4% yoy). Consensus estimates for Intel are not too far from the general narrative, with capex set to fall 6.7% yoy in 2023 and stay flattish at +1.0% yoy in 2024. Our views are largely congruent with AEMs expectations of a protracted period of lower tester utilisation rates which pushes out capex spend into late 2024. Nonetheless, Intels capex, while key, is not the only consideration. AEM is also driven by product cycles such as the ramp of new generation equipment. As yet, we do not expect new generation equipment ramp for the key customer in the next two years as capability requirements for the next two to three years has been met. Meanwhile, engagements with new customers continue to progress with ramps expected in 2H24.
We currently have a HOLD call with TP S$3.11, more updates to come after the analyst briefing on 10 November
- Source: DBS
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why is the CEO still there with such dissapointing results and lousy share performance?
Battle123 ( Date: 09-Nov-2023 22:23) Posted:
Terrible result, let's see where the supports
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abrdn plc lost more $
jlinus ( Date: 07-Nov-2023 16:08) Posted:
They know something which we don't know.
SSH are not dumb.
tongphlp ( Date: 31-Oct-2023 14:57) Posted:
| abrdn plc is losing $...they must be cursing themselves.. |
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...so they can sell and unload...what BS..
MambaFinancial89 ( Date: 08-Nov-2023 15:24) Posted:
No clear pickup seen yet but analysts upgrade Venture after 30% dip
Venture Corps 3QFY2023 ended Sept 30 earnings came in lower than expected but with a more positive outlook and analysts from Maybank Securities and UOB KayHian have upgraded the stock from HOLD to BUY.
On Nov 4, the blue-chip contract manufacturer reported earnings of $66.4 million in 3QFY2023. This was lower than the $70.2 million which Jarick Seet of Maybank had projected due to an 18.8% y-o-y drop in revenue to $2.29 billion in 9MFY20203.
However, Seet believes 3QFY2023 should be the bottom for Venture, whose management indicated that certain new products were introduced in 4QFY2023 with more slated in FY2024. Customer inventory levels are also down sharply and we should see more orders placed in 4Q. With a brighter outlook, we think the worst is over, Seet writes in his Nov 5 note.
Seet believes that Ventures share price, which has dropped around 30% year to date, has &ldquo overcorrected&rdquo . The company, sitting on a growing cash pile of $956.65 million, currently offers a 6.2% yield &mdash assuming it maintains its dividend payout of 75 cents per share. Management has always emphasised sustainable dividends in good and bad times, Seet notes.
With a slightly trimmed earnings forecast for FY2023 and FY2024, Seet has similarly updated his target price to $14, pegged to 14.5x FY2023 earnings.
Similarly, in their Nov 6 note, UOB KayHian analysts John Cheong and Heidi Mo point out that Ventures 3QFY2023 results came in lower than they expected, although they continue to like Venture for its strong cash balance and decent yield of more than 6%. As the share price has dipped to a level they deem compelling, they have upgraded their call from HOLD to BUY.
Even so, they expect Venture to report 7% lower revenue for FY2023 through FY2025 due to near-term demand weakness and a more challenging macro environment.
As they dial back their FY2023 and FY2024 earnings forecast by 4% and 5% respectively, Cheong and Mo have updated their target price to $14.06, which is pegged to 14.6x FY2024 earnings, a valuation multiple that is in line with its long-term forward mean.
On the other hand, Ling Lee Keng of DBS Group Research, in her Nov 5 note, is maintaining her BUY call but with a target price of $15.10.
She warns that Venture is not immune to macroeconomic headwinds in the near-term even though longer-term growth strategies are in place. Despite our optimism, there is a possibility that 4QFY2023 performance may still be muted, says Ling.
Like Seet, Ling notes that Ventures strong cash balance will support the dividend payout at 75 cents per share and a strong war chest should the company see inorganic growth.
Meanwhile, she expects earnings to drop 27% y-o-y in FY2023, followed by a recovery of 14% in the coming FY2024. Her new target price of $15.10 is pegged to 14x FY2024 earnings &mdash a valuation multiple of &ndash 1 standard deviation (s.d.) from its four-year average. With valuations below the previous trough level, we believe the upside risk outweighs the downside, says Ling.
William Tng of CGS-CIMB Research, in his Nov 3 note, points out that his forecast of Ventures 3QFY2023 earnings was &ldquo spot on&rdquo . He expects 3QFY2023 earnings to be the trough and that 4QFY2023 will see an improvement of 5.4% q-o-q as customers replenish depleted inventories.
Tngs relatively bullish target price of $16.61, which he has maintained along with his ADD call, is based on the same 14.6x FY2025 earnings, a 15-year average.
According to Tng, potential re-rating catalysts will include new product launches by customers, further improvements in component availability and better-than-expected revenue opportunities over FY2024 to FY2025.
On the other hand, key downside risks include ongoing supply chain disruptions affecting the availability of parts and components, labour shortages potentially lowering its production output, and a worsening global economic outlook potentially further reducing orders from customers.
Citi Research Jame Osman has similarly kept his BUY call, but with a lower target price of $16.30 as he factors in lower earnings estimates.
Despite near-term uncertainty, we believe Venture remains a structural beneficiary of supply chain de-risking and relocation trends favouring outsourced manufacturing into Southeast Asia manufacturing hubs such as Malaysia,&rdquo writes Osman in his Nov 6 note.
He also recognises that Venture has made headway to diversify its customer base into growth domains, which adds to his optimism that revenue trends have bottomed and a better FY2024 lies ahead.
Personal Take: Might be a good time to add Venture if you are a long-term investor looking to capture a 6% yield with significant potential for capital appreciation over the next 2-3 years. |
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shhh......hush hush
jlinus ( Date: 07-Nov-2023 16:08) Posted:
They know something which we don't know.
SSH are not dumb.
tongphlp ( Date: 31-Oct-2023 14:57) Posted:
| abrdn plc is losing $...they must be cursing themselves.. |
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