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Analysts? BS! Upgrade so they can sell..
up 1c, down $1
this is a goner..
up 1c, down $1
this is a goner..
tongphlp ( Date: 17-Jan-2025 14:40) Posted:
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Best avoid Citibank analaysts - Call buy when Venture showed improvements in profitability, then when profits declined, call for downgrade. Look at their calls from over SGD20 to SGD14..
what' s new? up 1c, down $1. Get ready for an ad-Venture!
ozone2002 ( Date: 18-Jan-2025 10:28) Posted:
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Last:12.81 
+0.12
just broke out to the upside
technically oversold
+0.12just broke out to the upside
technically oversold
2025 and Venture is still in shit...useless...
tongphlp ( Date: 14-Nov-2024 12:18) Posted:
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agreed
Fiat500 ( Date: 12-Nov-2024 17:40) Posted:
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Added to my position. Counterparties included Goldman Sachs and other foreign brokers. Must be institutional investors selling off.
Yup, this stock has fallen from grace. Hopeless!
Every quarter update, spews the same nonsense, next quarter will be better with new products etc. When the quarter reporting comes, disappointment but repeats the mantra. The C Suite should be held accountable for over promise and under delivered.
Fiat500 ( Date: 12-Nov-2024 17:40) Posted:
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Happy to see that at least the company has been consistently conducting share buybacks despite the poor year-on-year performance over the last 24 months.
Fiat500 ( Date: 12-Nov-2024 17:40) Posted:
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This useless stock really cmi.. Keeps disappointing its investors year after year!
Venture Corp&rsquo s Q3 net profit falls 4.7% to S$60.6 million
Revenue is down 3.9% at S$689.7 million on softer customer demand
TECHNOLOGY company Venture Corporation : V03 +0.15% reported a 4.7 per cent quarter-on-quarter (qoq) fall in net profit to S$60.6 million for the third quarter of 2024, from S$63.5 million in the previous quarter.
Revenue was down 3.9 per cent qoq at S$689.7 million, from S$717.5 million in Q2. This was largely due to softer demand in the life sciences, lifestyle consumer, and test and measurement instrumentation technology domains, it added.
In a business update on Friday (Nov 8), the group said the lower revenue was partly offset by higher revenue in the networking and communications as well as semiconductor-related equipment technology domains. This was as its &ldquo growth initiatives delivered improved performance&rdquo .
While the decline in net profit is in line with the lower revenue, the group noted that it had a &ldquo robust&rdquo net profit margin of 8.8 per cent through its focus on operational efficiency.
Venture Corp did not provide year-on-year comparisons in its Q3 business update, but highlighted that its net cash position had increased by S$138 million from the level as at Dec 31, 2023, to S$1.19 billion for the first nine months of 2024.
This was on top of capital allocations for shareholder returns over the period, including dividend payments and share buybacks, it said.
It also noted that in spite of softer customer demand in Q3, revenue for the second half of 2024 is expected to be &ldquo relatively stable&rdquo compared to H1 2024.
Venture Corp said it sees &ldquo good opportunities on the horizon&rdquo , including new design wins and new product introductions for secular growth segments such as life sciences and artificial intelligence data centre-related businesses.
The company will also be onboarding new customers in selected technology domains, and it is currently developing new products with a key customer in the lifestyle consumer technology segment, it said.
As expected, later release date than last year, lousier results
Last year's 3Q business update was on 3 Nov, seems to be late this year
wow going $13 soon
ruanlai ( Date: 02-Oct-2024 12:55) Posted:
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Singapore' s recent manufacturing data has been positive. Venture could be a long-term beneficiary of the China +1 supply chain strategy, particularly at its sites in Malaysia. The Company has been buying back shares rather aggressively. Balance sheet is rock solid, we know dividends will remain stable as well. Sleeping giant to wake up soon? There could be some FX risk near term however with the weakening dollar vs SGD and other currencies and its subsequent impact on profitability. Page 136 of the Annual Report outlines a sensitivity analysis of a 5% change in various currencies. Hope for a good 3Q24 showing. #DYODD
Venture seems like it is menopausing together with CDG...hopefully they start pushing mid month
Not sure what you are talking about. Which analysts? DBS has a buy recommendation with a $16.40 price target.
ruanlai ( Date: 02-Oct-2024 12:55) Posted:
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Analysts recommend sell, fair value $13
dyodd
dyodd