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interesting....
MambaFinancial89 ( Date: 08-Jul-2024 20:16) Posted:
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Silchester added to its position as per the SGXNet announcement which was just released. Excellent. Buckle up. #DYODD
Let's hope this is not a 1 day breakout..@ least it has to stay above 15 bucks this round!
Luckygal ( Date: 08-Jul-2024 10:23) Posted:
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Finally it' s stirring...
Think the Board might be sleeping as well as they announced a significant buyback programme last year which has barely been used. Do they not see value at these prices? Scary. #DYODD
Luckygal ( Date: 04-Jul-2024 10:04) Posted:
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Why is this giant still sleeping?
CGS International sees better 2HFY2024 revenue for Venture Corp, keeps target price unchanged
CGS International analyst William Tng is keeping his ADD call and target price of $15.93 unchanged on Venture Corporation as the company guided for its 2QFY2024 revenue to improve q-o-q and 2HFY2024 revenue to improve h-o-h.
Tng writes in his June 20 report: Venture also commented in its 1QFY2024 business update that it is onboarding new customers in electronics manufacturing service, precision engineering and ventech group businesses, including customers in the medtech and lifestyle sectors, as well as promising technology domains.
Additionally, Tng notes that based on customers feedback, the company also sees demand strengthening in several technology domains for the rest of FY2024.
He continues: In its 1QFY2024 business update meeting, Venture also commented that its new Batu Kawan facility could add an additional 10% to the groups total floor area and that the company is exploring with customers to gradually commence production at this new factory.
Meanwhile, customer concentration risk has increased for Venture, as Tng points out that Venture has two major customers each accounting for more than 10% of revenue in FY2023 versus one such customer in FY2022.
The analyst adds that the rise of artificial intelligence (AI) data centres will lead to a demand for networking-related components and modules used in data centres, which could benefit Venture, as the company supplies such components to American semicon players Broadcom, Marvell Technology and Lumentum Holdings.
Overall, Tng expects to see a resumption in earnings per share (EPS) growth in the FY2024 to FY2026 as customers orders increase. The analyst also sees share price support from its 5.40% dividend yield over the same period.
Tngs unchanged target price is still based on 14.6 times Ventures expected FY2025 P/E, or at its 15-year average.
Re-rating catalysts noted by him include new product launches by customers and better-than-expected revenue opportunities over FY2024 to FY2026 as further business opportunities arise from companies keen to diversify their production orders from China to Malaysia.
Conversely, key downside risks include potential 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.
As at 11.40am, shares in Venture Corporation are trading 11 cents higher or 0.79% up at $14.11.
CGS International analyst William Tng is keeping his ADD call and target price of $15.93 unchanged on Venture Corporation as the company guided for its 2QFY2024 revenue to improve q-o-q and 2HFY2024 revenue to improve h-o-h.
Tng writes in his June 20 report: Venture also commented in its 1QFY2024 business update that it is onboarding new customers in electronics manufacturing service, precision engineering and ventech group businesses, including customers in the medtech and lifestyle sectors, as well as promising technology domains.
Additionally, Tng notes that based on customers feedback, the company also sees demand strengthening in several technology domains for the rest of FY2024.
He continues: In its 1QFY2024 business update meeting, Venture also commented that its new Batu Kawan facility could add an additional 10% to the groups total floor area and that the company is exploring with customers to gradually commence production at this new factory.
Meanwhile, customer concentration risk has increased for Venture, as Tng points out that Venture has two major customers each accounting for more than 10% of revenue in FY2023 versus one such customer in FY2022.
The analyst adds that the rise of artificial intelligence (AI) data centres will lead to a demand for networking-related components and modules used in data centres, which could benefit Venture, as the company supplies such components to American semicon players Broadcom, Marvell Technology and Lumentum Holdings.
Overall, Tng expects to see a resumption in earnings per share (EPS) growth in the FY2024 to FY2026 as customers orders increase. The analyst also sees share price support from its 5.40% dividend yield over the same period.
Tngs unchanged target price is still based on 14.6 times Ventures expected FY2025 P/E, or at its 15-year average.
Re-rating catalysts noted by him include new product launches by customers and better-than-expected revenue opportunities over FY2024 to FY2026 as further business opportunities arise from companies keen to diversify their production orders from China to Malaysia.
Conversely, key downside risks include potential 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.
As at 11.40am, shares in Venture Corporation are trading 11 cents higher or 0.79% up at $14.11.
Seems Blackrock sold and bought back with Silchester and Ameriprise also buying...but share price as usual is not moving
Ameriprise and Silchester are very different types of institutions.
https://www.theedgesingapore.com/capital/insider-moves/ventures-second-largest-shareholder-ameriprise-trims-stake-silchester-emerges
Silchester is a very successful long only active investment manager that invests for the long term. In contrast, Blackrock has many different buckets of capital with different strategies.
If I was investing in a company and Silchester suddenly popped up as a fellow investor I would see that as a big positive. Blackrock not so much.
If I was investing in a company and Silchester suddenly popped up as a fellow investor I would see that as a big positive. Blackrock not so much.
Blackrock is another major SSH if I am not wrong
MambaFinancial89 ( Date: 20-May-2024 17:46) Posted:
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do they know something which we dont?
MambaFinancial89 ( Date: 20-May-2024 17:46) Posted:
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Very interesting, Silchester International has just crossed the 5% mark to become a substantial shareholder. Another of Silchester' s investments is Comfort Delgro where they also hold more than 5%. Guess ang mo value funds are seeing such low valuations here and starting to scoop.
Dear Venture Corp IR. Please update on the status of the announced 10m share buyback plan on 30 Nov 2023. It appears that management has forgotten about this initative to enhance long-term shareholder value. Thank you.
$14 soon with no turning back.
dyodd
dyodd
yes..way past its prime
MrBear12 ( Date: 07-May-2024 15:45) Posted:
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VentureCorp is probably past its prime.
Its dividend is still a draw.
But as many forumers here have correctly noted, don' t buy it just to collect dividend.
Its dividend is still a draw.
But as many forumers here have correctly noted, don' t buy it just to collect dividend.
Watch the share price drop till $11. Typical cycle for venture corp.
huattuatua ( Date: 07-May-2024 11:19) Posted:
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those who bot Venture thinking it will behave like dbs are greatly dissappointed
i also was tempted to buy some becos of the 50 cts div but held back
i also was tempted to buy some becos of the 50 cts div but held back
LoudShout ( Date: 07-May-2024 10:52) Posted:
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