ShareJunction - Member Posts

x 0

3 and below is attainable

msksmsks ( Date: 16-Nov-2023 10:04) Posted:

Waiting for the gap of $3.05 - 3 to be covered.

x 0

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....

.

x 0

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.

x 0

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.

x 0

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!

x 0

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?

x 0

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

x 0

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

x 0

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

x 0

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..

x 0

...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.

x 0

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..

x 0

so meaning any companies with the Temasek touch cant make it...

graham73 ( Date: 08-Nov-2023 06:15) Posted:

Chartered Semiconductor was under Temasek and was bleeding for years. It was sold to GlobalFoundaries in 2014. Today GlobalFoundaries is public-listed with $30 bil market cap, with healthy profits. GlobalFoundaries just announced reverse trend (positive uptick) in topline and profit, as their customers have depleted their past inventories. And starting to re-stock. This general industry reverse-trend (customer re-stocking) benefits Venture also. The worst is probably over for Venture.

x 0

Huat ah bro

wavehunter ( Date: 08-Nov-2023 08:45) Posted:

By the way, $115,000 can buy 43000 shares of Ascendas when she is at 2.67.
Her dividend is at least 15 cts.
43000 x $0.15 = $6450.
Divide by 12 is $537.50 per mth which is quite close to $600.00.
Plus if dont hold for 1 yr to collect 15 cts dividend but trade her to make 5 cts nett each time and do that at least once a quarter,
what I will have is 43000 x 5 cts x 4 = $8600 per year or $716.66 per mth.

wavehunter ( Date: 07-Nov-2023 22:31) Posted:

This is about CPF Life. For those of you who are still young with many, many years of working life to go, you wont be interested in this.
But for those of you who are going to be 65 in the next few years, CPF Life affects you and you may be interested in this post.
Based on current interest rate paid by the CPF Board and including the additional 1% interest on the 1st $60,000 for all Singapore
citizens and also the additional 1% interest on the 1st $30,000 for all Singapore citizens age 55 and above and the top-ups I intend
to make to my Retirement Account (RA) in January of each year when the Enhanced Retirement Sum is revised upwards to take into
account annual inflation, I have done the math to work out what is the estimated balance in my RA when I am 65. I have also written
to the CPF Board to request them to do the math and they have replied to confirm that my CPF Life Payout will be at around $2400
per mth. Using CPF Life Payout Estimator which is available at the CPF Board website, I discovered that if I wish to have a CPF Life
Payout of $3000 per month, I will need to top-up a sum of $115,000 to my RA when I start my payout at 65.

Which means if I want $600.00 more per month, I must surrender $115,000 to the CPF Board.
But how many months of collecting $600.00 more per month will it take before I can recoup that $115,000?
About 192 months. Which is 16 years.
So for the 1st 16 years when I am collecting $600.00 more per month, I am not really collecting $600.00 more. I am merely recovering
my own money - that $115,000 which I have to give to the CPF Board to get that extra $600.00 per month. It is only from the 17th year
onwards that I truly get to receive $600.00 more per month. Which is at age 82 onwards. Which makes me doubt whether Wu Hua or
not to do this OR whether I should just keep that $115,000 and try to make that $600.00 per mth or $7200 per year myself using $115,000
as seed money to trade/invest. If I choose to do it myself, I must achieve a yield of 6.26%. Seems do-able.

.

x 0

rocket coming...preparing 2 launch

tangsookiam1947 ( Date: 04-Nov-2023 08:39) Posted:

By 2025, iFast targets for the Hong Kong business to achieve PBT of over HK$500 million. The figure is substantially higher than iFast& rsquo s record S$36 million PBT in FY21.

Beyond the substantial boost that the ePension business would bring in the coming years, iFast is also betting on digital banking to bring even more significant growth in the long run.

In 2022, iFast announced that it would acquire BFC Bank in the UK. It renamed the bank iFast Global Bank, and launched digital personal banking services in April this year.

With the banking business still in the early stages of development, the segment is still loss-making & ndash with a loss of S$2.2 million in the second quarter.

The group nevertheless expects iFast Global Bank to play a & ldquo major role in the growth of the group in the medium to long term, particularly beyond 2025& rdquo .

Chief executive Lim Chung Chun told The Business Times in July that getting one million clients for the bank in five years is a reasonable target.

Each client depositing just S$10,000 to S$20,000 would represent S$10 billion to S$20 billion in client assets, he added.

If iFast can successfully deliver strong performance on both its growth pillars of ePension and banking, the group& rsquo s earnings could expand significantly from current levels.

This may make the counter particularly compelling for growth-oriented investors.

willylim ( Date: 30-Oct-2023 09:28) Posted:

Once, you get another 3 months full contribution from Epension HK...the earings will expand and the share will be back to previous high $10 again
You got to pray and stay long to see their 3 years Profit target for HK...it is huge .....but it is all projection . hope for the best and sometimes .......it will come

On 23 April 2022, the Group updated the targeted revenue and Profit Before Tax (PBT) for its overall Hong Kong business in 2023, 2024 and 2025: o Gross Revenue Targets ▪ Target to achieve Gross Revenue of > HKD400 million in 2023 ▪ Target to achieve Gross Revenue of > HKD1.1 billion in 2024 ▪ Target to achieve Gross Revenue of > HKD1.6 billion in 2025 o Net Revenue Targets ▪ Target to achieve Net Revenue of > HKD280 million in 2023 ▪ Target to achieve Net Revenue of > HKD900 million in 2024 ▪ Target to achieve Net Revenue of > HKD1.3 billion in 2025 o PBT Targets ▪ Target to achieve PBT of > HKD100 million in 2023 ▪ Target to achieve PBT of > HKD250 million in 2024 ▪ Target to achieve PBT of > HKD500 million in 2025

x 0

are they buying?

MambaFinancial89 ( Date: 06-Nov-2023 10:11) Posted:

Maybank upgrades Venture Corp to BUY on better prospects ahead and projected yield of 6.2%

Venture Corps 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 companys 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 Ventures 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.

x 0

it' s a good ' bye' stock..

HendriJB ( Date: 20-Oct-2023 10:20) Posted:

--- Post Removed by User ---

x 0

abrdn plc is losing $...they must be cursing themselves...

Joelton ( Date: 30-Oct-2023 12:53) Posted:

AEM Holdings

On Oct 18, AEM Holdings substantial shareholder abrdn plc increased its deemed interest back above the 9 per cent threshold with 273,000 shares acquired at S$3.518 per share.

This followed abrdn plc&rsquo s deemed substantial shareholding falling below the 9 per cent threshold on Jul 3.

Outside of the STI constituents, AEM Holdings has been the third most traded Singapore-listed company by trading turnover in the 2023 year through to Oct 26, after ComfortDelGro Corporation and UMS Holdings.

AEM Holdings has also booked S$39.7 million of net institutional inflow over the 43 weeks.

With a global presence across Asia, Europe, and the United States, AEM Holdings provides comprehensive semiconductor and electronics test solutions.

Back in August, the group provided FY23 (ended Dec 30) revenue guidance of S$460 million to S$490 million on the back of reduced test capital equipment utilisation levels across the industry and delays in current customer device release schedules.

This compares to respective FY22, FY21, FY20 and FY19 revenues of S$870 million, S$565 million, S$519 million and S$323 million.

The group also noted that while inventory digestion is expected to continue through 2023, it believes it is well-positioned to take advantage of the semiconductor volume growth that is expected to return to the semiconductor industry in 2024.

AEM Holdings maintained in August that its Test 2.0 paradigm is at the forefront of test solutions for next-generation advanced logic devices, including high-performance compute, given the group&rsquo s unmatched capability in thermal and Device Under Test power.

In responses to questions prior to the FY22 AGM, AEM Holdings had noted that its Test 2.0 paradigm enables a device manufacturer to define test flows that break away from the limitations of the standard Test 1.0, thus delivering the required test coverage at a significantly lower cost of test.

It added that anecdotal evidence of the cost of test savings has been conservatively anywhere from 30 per cent to 50 per cent at high volume.

AEM Holdings maintained in August that customer traction for the Test 2.0 solutions continues to grow with confirmed initial orders from an additional new leading application processor customer, and an expansion of AEM&rsquo s engagement with a previously announced memory customer.

x 0

yes, that' s so very true

Dallan ( Date: 30-Oct-2023 19:22) Posted:

Haha..I notice alot of worthless stock in SGX even if they make profit every quarter.

tongphlp ( Date: 30-Oct-2023 15:16) Posted:

yah...cause it should be a worthless stock soon.

x 0

the next jump on news should see it hitting 4...else, it should drop to 3.2 or lower