Back

Latest Forum Topics / Venture    Last:17.5    -0.08

Post Reply

2022 Venture Corporation - A Year Of Recovery Post Reply Rate topic
tongphlp Supreme	06-Nov-2023 11:50        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
MambaFinancial89 Veteran	06-Nov-2023 10:11        MambaFinancial89 About Contact  Quote this Post! Style: Fundamental   Yells: "Be greedy when others are fearful. "
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
MambaFinancial89 Veteran	06-Nov-2023 09:58        MambaFinancial89 About Contact  Quote this Post! Style: Fundamental   Yells: "Be greedy when others are fearful. "
x 0   x 0  Alert Admin	DBS Results Analysis: 9M23/3Q23 results below expectations, hit by weak demand and inventory destocking - 9M23/3Q23 results below expectations, hit by weak demand and inventory destocking - Q-o-q decline slowed in 3Q23 better 4Q23 with various NPIs in the pipeline forecasted  - Earnings for FY23F-25F cut by 7%/8% on weaker-than-expected 9M23 results - Maintain BUY with revised TP of S$15.10. Current PE valuation attractive at below -2SD  Attractive valuations. Ventures PE has plunged below -2SD of its historical mean and is currently trading at a c.11x forward PE, below its COVID pandemic low of c.12x. We believe the concerns surrounding its removal from the STI is overblown. Although among the 30-STI stocks, Ventures market capitalization is currently among the lowest, thus there is minimum risk that it will be removed. Based on the rules for stock insertion or deletion, a constituent company will be deleted if it falls beyond the 40th position and a new company will be added if its market capitalisation rises to the 20th position and above. For now, we do not see the former happening, though this will likely weigh on sentiment near term.
Useful To Me  Not Useful To Me
Skysonn Member	03-Nov-2023 18:25        Skysonn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Venture Corp posts 25.2% drop in 9M net profit to S$203.3 million Venture Corporation attributes the fall in its net profit for the first ninth months of 2023 to softer demand and ongoing inventory destocking. TECHNOLOGY company Venture Corporation : V03 +2.01% reported a 25.2 per cent fall in net profit to S$203.3 million for the first nine months of 2023, from S$271.7 million the same period last year. Revenue sank 18.8 per cent to S$2.29 billion, from S$2.82 billion previously. This brought earnings per share to S$0.697, down from S$0.932 a year ago.  In a bourse filing on Friday (Nov 3), the group attributed the decline to a higher base last year, soft customer demand and ongoing inventory destocking. There were also ?uncertainties in the global macroeconomic landscape and unabated geopolitical tension?, it said.  While revenue for 9M FY2023 was lower than that of the previous year, the group pointed out that it was still higher than the S$2.2 billion posted in FY2021 and the S$2.18 billion in FY2020. Venture?s net cash position also improved in the last four years, reaching S$956.5 million as at Sep 30. ?The company continues to generate strong cash flow through operating performance and working capital optimisation,? it said.  Venture highlighted that it will continue to strengthen ?the close, long-term relationships with our customers and business partners? while expanding its participation in ?new high-growth domains?.
Useful To Me  Not Useful To Me
sinpacent Member	03-Nov-2023 15:11        sinpacent About Contact  Quote this Post!
x 0   x 0  Alert Admin	HaHaHa! Let' s hope for the best
Useful To Me  Not Useful To Me
Knightmyst Member	03-Nov-2023 14:49        Knightmyst About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually venture is rather strong. Takes a long time to fall back to less than $15. Been waiting for under $15 for long time.  10 year bond yields seem to collapse. Expected to go to 5.5% but it did not.  That' s good news for stocks. A massive rally will take place.  for all the media talk about inflation and higher 10 year bond yields due to term premia, 10 year yield should by right rise, but did not as Federal reserve likely doing stealth QE. This means Stocks will rise. Those who buy under $12 for now, has caught a good catch. even those who buy under $15, it is at a cheap valuation.  it seems interesting retailers are the ones buying and likely funds are the ones selling. for now, stocks have tailwind. And this rally looks pretty good from fundamental standpoint, and technical charting
Useful To Me  Not Useful To Me
Dallan Member	01-Nov-2023 21:10        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Q3 update Skysonn      ( Date: 01-Nov-2023 19:14) Posted: What results are those? Normally they don't have results during this period right?
Useful To Me  Not Useful To Me
Skysonn Member	01-Nov-2023 19:14        Skysonn About Contact  Quote this Post!
x 0   x 0  Alert Admin	What results are those? Normally they don't have results during this period right?
Useful To Me  Not Useful To Me
MambaFinancial89 Veteran	01-Nov-2023 18:31        MambaFinancial89 About Contact  Quote this Post! Style: Fundamental   Yells: "Be greedy when others are fearful. "
x 0   x 0  Alert Admin	Might be this Friday. Historically, they always released on a Friday after market. Hoping for the best, fingers crossed. If the outlook is relatively positive, this could be the bottom.  Dallan      ( Date: 01-Nov-2023 11:22) Posted: Results to be released within these few days. Let's see if it can shake off the 'worthless' tag😂 rlong8288      ( Date: 01-Nov-2023 10:35) Posted: Wow this worthless stock move for the last 2 day
Useful To Me  Not Useful To Me
limkt009 Master	01-Nov-2023 12:09        limkt009 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Watch your front, grab $$$$$$$$ at your own time"
x 0   x 0  Alert Admin	Why bother since so many tag it as worthless Dallan      ( Date: 01-Nov-2023 11:22) Posted: Results to be released within these few days. Let's see if it can shake off the 'worthless' tag😂 rlong8288      ( Date: 01-Nov-2023 10:35) Posted: Wow this worthless stock move for the last 2 day
Useful To Me  Not Useful To Me
Dallan Member	01-Nov-2023 11:22        Dallan About Contact  Quote this Post!
x 0   x 1  Alert Admin	Results to be released within these few days. Let's see if it can shake off the 'worthless' tag😂 rlong8288      ( Date: 01-Nov-2023 10:35) Posted: Wow this worthless stock move for the last 2 days tongphlp      ( Date: 31-Oct-2023 09:58) Posted: yes, that' s so very tru
Useful To Me  Not Useful To Me
rlong8288 Master	01-Nov-2023 10:35        rlong8288 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow this worthless stock move for the last 2 days tongphlp      ( Date: 31-Oct-2023 09:58) Posted: 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.
Useful To Me  Not Useful To Me
tongphlp Supreme	31-Oct-2023 15:21        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	it' s a good ' bye' stock.. HendriJB      ( Date: 20-Oct-2023 10:20) Posted: --- Post Removed by User ---
Useful To Me  Not Useful To Me
tongphlp Supreme	31-Oct-2023 09:58        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
Dallan Member	30-Oct-2023 19:22        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.. mav1ryan      ( Date: 30-Oct-2023 13:41) Posted: Don' t catch a falling knife :( DYODD
Useful To Me  Not Useful To Me
tongphlp Supreme	30-Oct-2023 15:16        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	yah...cause it should be a worthless stock soon.. mav1ryan      ( Date: 30-Oct-2023 13:41) Posted: Don' t catch a falling knife :( DYODD
Useful To Me  Not Useful To Me
mav1ryan Veteran	30-Oct-2023 13:41        mav1ryan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Don' t catch a falling knife :( DYODD
Useful To Me  Not Useful To Me
Dallan Member	30-Oct-2023 13:25        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why is Venture experiencing continuous diarrhoea? Caught in the US tech war against China?
Useful To Me  Not Useful To Me
sinpacent Member	30-Oct-2023 13:03        sinpacent About Contact  Quote this Post!
x 0   x 0  Alert Admin	No eyes to see! Weekly, touching new lows...sigh! Next, wait below $11 then add to average my holding.
Useful To Me  Not Useful To Me
graham73 Member	20-Oct-2023 16:25        graham73 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	At this rate of fall, Venture might dive below $11 soon.
Useful To Me  Not Useful To Me

                                                         First   < Newer   321-340 of 895   Older>   Last