Latest Forum Topics /
Venture
Last:17.45
+0.05
|
 Post Reply
|
|
2022 Venture Corporation - A Year Of Recovery
|
||||||||||
|
tongphlp
Supreme |
01-Dec-2023 10:44
|
|||||||||
|
x 0
x 0 Alert Admin |
HK Land is in shit....
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
tongphlp
Supreme |
01-Dec-2023 10:42
|
|||||||||
|
x 0
x 0 Alert Admin |
subjective lah...
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
|
||||||||||
|
MambaFinancial89
Veteran |
01-Dec-2023 10:33
Yells: "Be greedy when others are fearful. " |
|||||||||
|
x 0
x 0 Alert Admin |
Just to correct you, Sir: Because a share repurchase reduces the number of shares outstanding, it increases earnings per share (EPS). Also, have a read: Warren Buffett calls stock buyback critics economic illiterate in Berkshire Hathaway annual letter
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
GoldenPig
Veteran |
01-Dec-2023 10:12
|
|||||||||
|
x 0
x 0 Alert Admin |
I believe it is not beneficial to shareholders if a company uses its precious cash to do SBB at market prices above its NAV/share. It causes NAV/share and EPS to decrease. It only props up share price temporarily and is a waste of cash resources IMO. SBB adds value to shareholders if executed at market prices way below the NAV/share. It will increase NAV/share and EPS. |
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
SmallSmall
Supreme |
01-Dec-2023 10:05
|
|||||||||
|
x 0
x 0 Alert Admin |
SBB is general. This AGM approval to buy up to 10 mil shares is more specific. Remember HK Land?
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
|
||||||||||
|
tongphlp
Supreme |
01-Dec-2023 09:48
|
|||||||||
|
x 0
x 0 Alert Admin |
Good that they do SBB. Bad as it means price is hard to go up. Need SBB to help stabilise. At times, selling is agressive and so intense SBB also doesn t help.
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
sinpacent
Member |
01-Dec-2023 09:45
|
|||||||||
|
x 0
x 0 Alert Admin |
Good news! Welcoming the year of the dragon! 
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
SmallSmall
Supreme |
01-Dec-2023 09:24
|
|||||||||
|
x 0
x 0 Alert Admin |
Buy the Venture Long DLC on pull back
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
|
||||||||||
|
Caesar
Master |
01-Dec-2023 09:14
|
|||||||||
|
x 0
x 0 Alert Admin |
Looks like it has gone into effect. As of now, up more than 30 cents. 😊
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
SmallSmall
Supreme |
01-Dec-2023 09:13
|
|||||||||
|
x 0
x 0 Alert Admin |
Plan put in place to do 10 mil share buyback PROPOSED PURCHASES OF SHARES PURSUANT TO THE COMPANY&rsquo S SHARE PURCHASE MANDATE At the Annual General Meeting (&ldquo AGM&rdquo ) of Venture Corporation Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) held on 27 April 2023, the Company&rsquo s shareholders (the &ldquo Shareholders&rdquo ) granted approval of the Share Purchase Mandate (the &ldquo Mandate&rdquo ). Under the Mandate, the maximum number of Shares which may be purchased by the Company is 14,550,528, representing 5% of the total number of issued shares of the Company as at the date of the Mandate (excluding treasury shares). On 29 November 2023, the Board of Directors of the Company authorised the establishment of a share buyback plan to purchase up to 10,000,000 ordinary shares of the Company (&ldquo Shares&rdquo ) pursuant to the Mandate (the &ldquo Share Buyback Plan&rdquo ). The Share Buyback Plan will be effected in accordance with the terms of the Mandate. Purchases of its Shares by the Company pursuant to the Share Buyback Plan would only be made in circumstances where it is considered to be in the best interests of the Company. No purchases or acquisitions of Shares will be made in circumstances which would have (or may have) a material adverse effect on the financial position of the Company and the Group and/or affect the listing status of the Company on the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ). |
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
pikachu
Master |
01-Dec-2023 07:12
Yells: "Holy Cow!" |
|||||||||
|
x 0
x 0 Alert Admin |
I remember last time it was about $18 about a year ago.. | |||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
Caesar
Master |
30-Nov-2023 22:33
|
|||||||||
|
x 0
x 0 Alert Admin |
If you are so unhappy with this counter, why not divest and switch all your funds to the fast and furious iFast? Maybe can recoup everything you are losing in Venture. And you can stop cursing and swearing here. Would be good for your health too. 😊
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
|
||||||||||
|
MambaFinancial89
Veteran |
30-Nov-2023 17:52
Yells: "Be greedy when others are fearful. " |
|||||||||
|
x 0
x 0 Alert Admin |
Interesting announcement just released via SGXNet: On 29 November 2023, the Board of Directors of the Company authorised the establishment of a share buyback plan to purchase up to 10,000,000 ordinary shares of the Company (&ldquo Shares&rdquo ) pursuant to the Mandate (the &ldquo Share Buyback Plan&rdquo ). The Share Buyback Plan will be effected in accordance with the terms of the Mandate. Buckle up! |
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
tongphlp
Supreme |
23-Nov-2023 10:37
|
|||||||||
|
x 0
x 0 Alert Admin |
BS....cant even hit 14.. look at iFast...fast and furious
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
sinpacent
Member |
22-Nov-2023 15:06
|
|||||||||
|
x 0
x 0 Alert Admin |
Thanks Huataarrhh!
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
woonie
Senior |
22-Nov-2023 13:42
|
|||||||||
|
x 0
x 0 Alert Admin |
may the force be with u.. yes! | |||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
Huataarrhh
Senior |
22-Nov-2023 09:11
|
|||||||||
|
x 0
x 0 Alert Admin |
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
tongphlp
Supreme |
16-Nov-2023 11:34
|
|||||||||
|
x 0
x 0 Alert Admin |
buy in may and go away....maybe? Maybank.....may the force be with u
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
tongphlp
Supreme |
09-Nov-2023 13:42
|
|||||||||
|
x 0
x 0 Alert Admin |
...so they can sell and unload...what BS..
|
|||||||||
| Useful To Me Not Useful To Me | ||||||||||
|
MambaFinancial89
Veteran |
08-Nov-2023 15:24
Yells: "Be greedy when others are fearful. " |
|||||||||
|
x 0
x 0 Alert Admin |
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. |
|||||||||
| Useful To Me Not Useful To Me | ||||||||||