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Venture
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MambaFinancial89
Veteran |
30-Nov-2023 17:52
Yells: "Be greedy when others are fearful. " |
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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! |
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tongphlp
Supreme |
23-Nov-2023 10:37
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BS....cant even hit 14.. look at iFast...fast and furious
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sinpacent
Member |
22-Nov-2023 15:06
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Thanks Huataarrhh! 
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woonie
Senior |
22-Nov-2023 13:42
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may the force be with u.. yes! | |||||||
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Huataarrhh
Senior |
22-Nov-2023 09:11
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tongphlp
Supreme |
16-Nov-2023 11:34
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buy in may and go away....maybe? Maybank.....may the force be with u
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tongphlp
Supreme |
09-Nov-2023 13:42
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...so they can sell and unload...what BS..
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MambaFinancial89
Veteran |
08-Nov-2023 15:24
Yells: "Be greedy when others are fearful. " |
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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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tongphlp
Supreme |
08-Nov-2023 09:13
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so meaning any companies with the Temasek touch cant make it...
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graham73
Member |
08-Nov-2023 06:15
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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. | |||||||
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Joelton
Supreme |
07-Nov-2023 14:37
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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 $14.30, which is pegged to 14.5x FY2023 earnings.
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tbooncho888
Senior |
07-Nov-2023 14:27
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12.70 high today, small fomo-ing in progress. 200 day ma target = 15.20, 240day ma target = 15.55. Price now crossed back up its 60ma today, 60ma deduction = 13.72 today. naysay and sideline still a lot, watching it rising and no action. Great!! and 11.36 was the low, since already up more than 1$. |
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rlong8288
Master |
06-Nov-2023 15:00
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Wow worthless stock running  | |||||||
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tongphlp
Supreme |
06-Nov-2023 11:50
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are they buying?
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MambaFinancial89
Veteran |
06-Nov-2023 10:11
Yells: "Be greedy when others are fearful. " |
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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. |
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MambaFinancial89
Veteran |
06-Nov-2023 09:58
Yells: "Be greedy when others are fearful. " |
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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. |
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Skysonn
Member |
03-Nov-2023 18:25
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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?. | |||||||
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sinpacent
Member |
03-Nov-2023 15:11
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HaHaHa! Let' s hope for the best 
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Knightmyst
Member |
03-Nov-2023 14:49
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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   |
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Dallan
Member |
01-Nov-2023 21:10
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Q3 update
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