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Venture
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tongphlp
Supreme |
01-Sep-2021 09:21
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https://links.sgx.com/FileOpen/VCLExerciseOptions_2021-08-31.ashx?App=Announcement& FileID=682102 | ||
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tongphlp
Supreme |
31-Aug-2021 15:03
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Re-balancing of portfolio
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tongphlp
Supreme |
31-Aug-2021 09:07
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Largest but looking at the price - Hopeless :)
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tongphlp
Supreme |
30-Aug-2021 10:30
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Returns of AEM, Venture, UMS, Frencken beat global tech indices over decade Sector' s strength comes on the back of big tech advancements, rising global demand GLOBAL technology indices have on average generated an annualised return of 23 per cent over the last 10 years, according to the Singapore Exchange (SGX)' s investor education portal SGX My Gateway. Three SGX-listed technology firms have managed to beat that return. The strong performance of the technology sector has come on the back of significant technological advancements and rising global demand. Back in 2011, Apple had introduced iPads, global corporates were embracing cloud computing, and Singapore' s largest technology stocks by market value were Venture Corporation, Stats ChipPac and Silverlake Axis. Today, Venture remains the largest technology stock listed in Singapore by market value. It is also the most traded technology stock listed in Singapore this year. The other two companies, however, no longer rank at the top of the list of large-cap tech stocks. Stats ChipPac was acquired in 2015 by a Chinese consortium. Silverlake Axis has generated a 4 per cent annualised total return in the 10-year period to Aug 25. New names have replaced them as local tech champions. Among them is AEM Holdings, which in 2011 was a mere minnow. For FY2010 ended December, AEM reported pre-tax profit of S$3.9 million. Its market capitalisation was in the vicinity of S$20 million. For FY2020, AEM reported pre-tax profit of S$113.8 million - 29 times the FY2010 result. The company' s market cap is more than 50 times what it was a decade ago. The stock has delivered annualised total returns of 55 per cent in the 10-year period to Aug 25. AEM is among the five most traded providers of technology-related products, services and solutions. The other four are Venture, UMS Holdings, ISDN Holdings and Frencken Group. (This list excludes companies that have not been listed for at least 10 years.) Besides AEM, the other two that have outpaced global technology benchmarks are UMS and Frencken. UMS had a total return of 33 per cent on an annualised basis over 10 years, while Frencken' s return was 27 per cent. Venture and ISDN lagged the benchmarks with returns of 16 per cent and 19 per cent, respectively. Two of these stocks - ISDN and Frencken - have traditionally been categorised as industrials rather than technology stocks. Nevertheless, they have significant exposure to the technology sector. According to a July report by KGI Securities (Singapore), ISDN' s revenue breakdown is dominated by the industrial robotic and electronic & semiconductor industries. Meanwhile, Frencken' s semiconductor segment saw revenue growth of 60.2 per cent year on year in H1 FY2021, to S$141 million. This segment accounted for 37.5 per cent of the group' s total revenue. For H1 FY2021, Frencken' s net profit increased 67.2 per cent to S$31.3 million. This increase was attributed to the continued strength of the semiconductor industry, the recovery of certain business segments affected by the Covid-19 outbreak, and the group' s continual efforts to engage customers. Another semiconductor play, UMS, also reported a significant increase in net profits for the first half of the year - up 45 per cent to S$32.3 million. The company said this was thanks to strong equipment spending and capital expenditure commitments from global foundries as well as the build-up of semiconductor production infrastructure. Another top technology performer is Nanofilm Technologies International, which ranks as the 33rd most traded SGX-listed stock this year. As the stock was listed relatively recently, in October 2020, it is not included in the 10-year performance comparison above. Nanofilm' s return since its initial offering is 70 per cent. |
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tongphlp
Supreme |
30-Aug-2021 10:27
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August 27, 2021 12:59 PM
Philip Morris jumps into sustainable financing poolCigarette maker courting ESG investorsBloomberg
https://www.pionline.com/esg/philip-morris-jumps-sustainable-financing-pool |
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tongphlp
Supreme |
30-Aug-2021 10:25
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Philip Morris International Publishes Business Transformation-Linked Financing Framework, Further Demonstrating Its Commitment to Accelerating the End of Smokinghttps://www.businesswire.com/news/home/20210827005192/en/Philip-Morris-International-Publishes-Business-Transformation-Linked-Financing-Framework-Further-Demonstrating-Its-Commitment-to-Accelerating-the-End-of-Smoking |
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CheongArgh
Master |
26-Aug-2021 17:14
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Fiat500
Veteran |
26-Aug-2021 12:59
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Good to read so many BUY calls on Venture with $24 - $25 target... But in reality it can't even surpass $20 for the longest time! | ||
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tongphlp
Supreme |
26-Aug-2021 10:52
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Maybank' s predictions - (DYODD) " Lai has rated Venture, AEM, Frencken, UMS and Aztech at & ldquo buy& rdquo with target prices of $25.13, $5.77, $2.63, $2.10 and $1.86 respectively. He has also rated Valuetronics at & ldquo hold& rdquo with a target price of 60 cents." |
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tongphlp
Supreme |
26-Aug-2021 10:07
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4 Reasons Philip Morris Could Buy Altria In A $300 + Billion Mega-MergerAug. 25, 2021 1:46 AM ETAltria Group, Inc. (MO), PM156 Comments63 Likes
https://seekingalpha.com/article/4451638-four-reasons-philip-morris-buy-altria-300-billion-mega-merger |
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tongphlp
Supreme |
26-Aug-2021 09:28
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Neutral RSI STI stocks Ascendas Reit Capitaland stock Capitaland Integrated Commercial Trust City Development stock ComfortDelgro stock DBS stock Frasers Logistics and Commercial Trust Genting Singapore stock Jardine C& C stock Keppel Corporation stock Keppel DC Reit Mapletree Commercial Trust Mapletree Industrial Trust Mapletree Logistics Trust OCBC stock SATS stock SIA stock ST Engineering stock Thai Beverages stock UOB stock UOL stock Venture stock Wilmar International stock YangZiJiang stock |
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tongphlp
Supreme |
26-Aug-2021 09:19
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Singapore economyHold growth and cyclical stocks such as A-REIT, DBS, Keppel Corp, MINT, SATS, Sembcorp amid short-term volatility: OCBCFelicia Tan Published on Wed, Aug 11, 2021 / 12:48 PM GMT+8
Rounding up the rest of Lee&rsquo s top picks are ComfortDelGro, Keppel Corporation, SATS, Sembcorp Industries, Thai Beverage, UOL Group, Venture Corporation and Wilmar International. https://www.theedgesingapore.com/capital/singapore-economy/hold-growth-and-cyclical-stocks-such-reit-dbs-keppel-corp-mint-sats |
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tongphlp
Supreme |
26-Aug-2021 09:14
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SEMICONDUCTORUMS, Frencken, AEM and Venture Corp are Maybank Kim Eng' s top semiconductor picks amid chip shortageFelicia Tan Published on Wed, Aug 25, 2021 / 5:35 PM GMT+8 / Updated 15 hours ago
https://www.theedgesingapore.com/capital/semiconductor/ums-frencken-aem-and-venture-corp-are-maybank-kim-engs-top-semiconductor-picks |
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PhillipTan
Supreme |
24-Aug-2021 22:24
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Maybank KE says too early to switch out of chip-shortage beneficiariesMaybank Kim Eng (MKE) said on Tuesday that it continues to prefer chip-shortage beneficiaries over contract manufacturers with diverse end markets, as chip shortages still appear to be a key earnings risk for the manufacturers.The research team has yet to see a rotation from Frencken or UMS into contract manufacturers like Venture, Aztech and Valuetronics, suggesting a " wait-and-see" attitude from investors waiting for catalysts to manifest, said its report on the Singapore technology sector. MKE said it continues to be positive on the sector on the back of robust end-demand. Chip-shortage beneficiaries include UMS Holdings, Frencken Group and AEM Holdings the contract manufacturers highlighted were Aztech Global, Venture Corporation and Valuetronics. The research team' s top picks are UMS and Frencken on a three- to six-month horizon. The research team continues to see the potential for both companies to surprise in the next one to two quarters, on the back of " still-strong" demand momentum from their customers. For the past month, UMS has been on the uptrend it then dipped slightly to S$1.69 as at 3.03pm on Tuesday. The counter was trading 3.1 per cent or S$0.05 higher at the time. Frencken, on the other hand, has been rising steadily in the same period. Its counter was trading 3.7 per cent or S$0.08 higher at S$2.24 as at 3.30pm on Tuesday. In a separate report on Tuesday, UOB Kay Hian maintained its " buy" call on Frencken and increased its target price on S$2.52, pegged to 16 times the research team' s estimates for FY2020' s earnings, or slightly above the three-year historical average of 15.1 times. UOBKH noted that the strong demand outlook in the semiconductor segment is expected to remain through to 2022. On a 12-month horizon, MKE' s top picks are AEM Holdings and Venture Corporation. It favours AEM as it expects the company to enter into a new earnings cycle, aided by new products and customers and cyclical factors favouring increasing expenditure on test equipment. The electronic-services provider has also reiterated that new-generation tools for key customer Intel will undergo mass production in late Q3 2021 through 2022. Thus, it expects H2 2021 update to be strong, following transitory weakness in the first half of 2021. AEM' s share price has eased in the past month from a closing price of S$4.05 on July 26 to S$3.98 as at 3.30pm on Tuesday. The counter has underperformed in the year to date, with a steep correction in May, particularly driven by guidance that disappointed the market, MKE said. Venture has edged up the past month. Its shares were trading 0.3 per cent or S$0.05 lower to S$19.16 as at 3.30pm on Tuesday. The technology-services provider remains optimistic about its demand outlook for the next 12 months. Broad-based strength is observed across seven domains, with the exception of financial technology. Its life science and medical technology customers are benefiting from strong pharmaceutical and biotech end-markets amid the pandemic. |
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tongphlp
Supreme |
24-Aug-2021 13:51
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Philip Morris (PM) Fuels Smoke-Free Offerings With IQOS ILUMACONTRIBUTOR
Zacks Equity Research Zacks
PUBLISHED
AUG 18, 2021 10:38AM EDThttps://www.nasdaq.com/articles/philip-morris-pm-fuels-smoke-free-offerings-with-iqos-iluma-2021-08-18 |
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tongphlp
Supreme |
24-Aug-2021 13:49
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Philip Morris International Launches New IQOS ILUMA in Japan to Accelerate the Achievement of a Smoke-Free FuturePioneering SMARTCORE INDUCTION SYSTEMTM that Introduces Bladeless Heating Technology to the World&rsquo s No. 1 Heated Tobacco System Business Wire 17 agosto 202108:30
https://www.ansa.it/sito/notizie/economia/business_wire/news/2021-08-17_117204375.html |
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tongphlp
Supreme |
24-Aug-2021 13:46
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Philip Morris International Launches New IQOS ILUMA in Japan to Accelerate the Achievement of a Smoke-Free FuturePioneering SMARTCORE INDUCTION SYSTEMTM that Introduces Bladeless Heating Technology to the World&rsquo s No. 1 Heated Tobacco System August 17, 2021 02:30 AM Eastern Daylight Time
https://www.businesswire.com/news/home/20210816005746/en/Philip-Morris-International-Launches-New-IQOS-ILUMA-in-Japan-to-Accelerate-the-Achievement-of-a-Smoke-Free-Future |
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tongphlp
Supreme |
24-Aug-2021 13:40
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https://research.sginvestors.io/2021/08/singapore-technology-stocks-maybank-kim-eng-research-2021-08-23.html
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tongphlp
Supreme |
24-Aug-2021 13:35
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DBS call
Venture Corporation Ltd (VMS SP) Results Analysis: 1H21 results in line surprise expansion in net margin a positive catalyst &Yuml Strong order momentum 1H21 results could be better if not for the component shortage issues &Yuml Strategies in place to overcome shortages, leveraging on its strong technical expertise &Yuml Outlook remains bright for most domain expect new product launches in 2H21 &Yuml Maintain BUY, TP: S$22.70. No change in earnings forecasts |
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tongphlp
Supreme |
24-Aug-2021 13:34
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Analysts positive on demand for Venture despite component shortages VENTURE Corp has been affected by component shortages in the half-year ended June this year, but analysts expect that the company should be able to mitigate the issue and see strong demand in its different customer domains. In reports released on Aug 6, 9 and 10 respectively, CGS-CIMB, Maybank Kim Eng and RHB analysts all drew attention to the industry' s ongoing component shortages. CGS-CIMB analyst William Tng noted that the technology solutions provider' s core net profit fell below his expectations and has cut his revenue expectations for 2021 to 2023 by 10.5 per cent to 14.6 per cent until component availability becomes clearer. Thus, he maintained " add" on the company and revised down his target price for the company to S$21.32 from S$22.51 before. Still, RHB analyst Jarick Seet liked that the company is taking steps to mitigate against the component shortages by fleshing out strategies to improve access to raw materials and enhance the assurance of supply. " We expect Venture to be able to continue to navigate through these shortages efficiently, Jand complete a higher percentage of its order backlog in H2," he said. Maybank KE analyst Lai Gene Lih also liked that Venture is redesigning the circuitry of products to use alternative components, and noted that the company is also set to launch a new platform of consumer electronics products which he believed to be Philiip Morris' Iqos Illuma, a heated tobacco product. Furthermore, both Mr Lai and RHB' s Mr Seet expect demand in new areas such as liquid chromatography, mass spectrometry and genomics to continue to be growth drivers for the company. In fact, Mr Seet noted that six out of Venture' s seven main customer domains are still enjoying strong demand. With new product launches, better operating efficiencies with increased revenues and higher design content, Mr Seet maintained " buy" on Venture with a target price of S$23.00, up from S$20.70 on the back of higher forecasted 2021 price to earnings ratio. Maybank KE' s Mr Lai maintained " buy" on the company with an increased target price of S$25.13, from S$22.00 as he remained confident in Venture' s ability to overcome component shortages, as well as its stringent standard operating procedures that go beyond local requirements, reducing the risk of forced shutdowns. |
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