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That's life...Kenna BS
LoudShout ( Date: 07-May-2024 10:52) Posted:
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what BS!! unacheivable at all
MambaFinancial89 ( Date: 01-Mar-2024 09:54) Posted:
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DBS cuts Venture Corp price target after Q1 earnings miss
Despite the lower price target, analysts project sequential improvement in Venture&rsquo s revenue
DBS Group Research has lowered its price target for Venture Corp : V03 0% to S$16.40 from S$16.90 previously after the technology solutions provider posted weaker-than-expected financial earnings for the first quarter ended Mar 31.
The lower price target is a result of reduced net profit forecasts by the research house, which have been lowered by 6.1 per cent for FY2024 and 6.4 per cent for FY2025.
Its net profit margin expectations have also been trimmed by 0.2 percentage point to 9.1 per cent for FY2024 and 0.3 percentage point to 9.2 per cent for FY2025.
DBS also lowered its revenue estimates by 3.7 per cent for FY2024 and 3.2 per cent for FY2025.
The revised price target nonetheless implies an unchanged 16 times price-to-earnings ratio, based on the research house&rsquo s blended FY2024 and FY2025 earnings estimates.
Despite the lower price target, analyst Ling Lee Keng said she expects sequential improvement in the company&rsquo s revenue and a better second-half of FY2024 compared to the first-half of the fiscal year.
&ldquo This observation is in line with our view of a more significant recovery for the downstream players in H2 or the end of FY2024,&rdquo said the analyst.
DBS has reiterated its &ldquo buy&rdquo call on the stock, while also projecting Venture&rsquo s earnings per share (EPS) to increase from S$0.928 in FY2023 to S$0.991 in FY2024, and S$1.06 in FY2025.
In Ling&rsquo s view, Venture&rsquo s strategy to work closely with data centre players and establish itself in Singapore&rsquo s data centre ecosystem would be a &ldquo key growth area&rdquo for the company in the long term.
This is because the qualification and testing process usually takes time, she noted.
The analyst also said that the technology solutions company is in a &ldquo sweet spot&rdquo to benefit from the China Plus One business strategy. She noted that a growing number of companies are setting up operations outside of China to build an ecosystem in South-east Asia.
&ldquo Venture&rsquo s technological capabilities and its competitive edge enable the group to provide higher value-add activities for its customers in a sustainable and scalable way. This would enable the group to increase both market and wallet share, and create more value for its customers,&rdquo said Ling.
CGS International also maintained its &ldquo add&rdquo call on Venture while reiterating its price target of S$15.93, despite noting that the company&rsquo s first quarter earnings were below expectations of both the research house and Bloomberg consensus.
This is because Venture&rsquo s earnings &ldquo could catch up&rdquo to CGS&rsquo estimates in the subsequent quarters, said analyst William Tng in a report last Friday.
Tng has left his near-term forecasts for the company unchanged, and continues to expect Venture&rsquo s EPS growth to resume from FY2024 to FY2026 with an estimated 5.28 per cent dividend yield over the same period.
You paid 50 cents dividends, ex dividends, share drops by 90 cents.
Analysts stay positive on Venture despite weaker than expected 1QFY2024
Venture Corps 1QFY2024 earnings came in softer than expected. However, with better clarity of an improving outlook, analysts are keeping their bullish views on this stock.
For the quarter to March 31, Venture' s revenue dropped 18.9% y-o-y to $667 million, and earnings was down 18.3% y-o-y as demand remains soft.
Despite the lower top and bottom lines, Venture was able to hold on to its net margins at 9% for the quarter, versus 9.1% in the preceding 4QFY2023.
The companys already sizable net cash, meanwhile, continued to grow, reaching $1.19 billion as at end of the first quarter, or 29% of the market cap. In contrast, at the end of 4QFY2023, net cash then was $1.056 billion.
With inventory destocking coming to an end, coupled with improving demand for most of the domains, the group expects a better 2HFY2024 vs 1HFY2024, and a stronger 2Q24 as compared to 1Q24, writes DBS Group Researchs Lim Lee Keng in her May 6 report.
Citing customers feedback, Venture, according to Ling, is starting to see demand strengthening in several technology domains for the rest of 2024.
This observation is in line with our view of a more significant recovery for the downstream players in second half of the year to end of 2024, says Ling, who has maintained her BUY call.
Meantime, given the weaker than expected 1QFY2024 earnings, Ling has trimmed her FY2024 and FY2025 earnings forecast by 6.1% and 6.4% respectively, with lower margins assumptions.
This has led to a reduced target price of $16.40, from $16.90 previously, which is based on the same valuation multiple of 16x blended FY2024 and FY2025 earnings.
In his May 5 note, Jarick Seet of Maybank Securities has kept his BUY call and $15.80 target price, as he expects the company to enjoy a gradual recovery from FY2023 despite the weak start this year.
With a yield of 5.3%, a strong balance sheet and an active share-buyback programme, we believe that Venture will likely be a safe haven for investors, he says.
In their May 6 note, UOB Kay Hians John Cheong and Heidi Mo have similarly kept their BUY call.
They note that Venture is growing with its customers and bringing on board new ones, including those in precision engineering.
Their target price of $16.37 is pegged to 0.5 sd above its long-term mean PE of 17x FY2024 earnings, to capture the potential earnings recovery in 2024 and upcycle beyond that.
Venture Corps 1QFY2024 earnings came in softer than expected. However, with better clarity of an improving outlook, analysts are keeping their bullish views on this stock.
For the quarter to March 31, Venture' s revenue dropped 18.9% y-o-y to $667 million, and earnings was down 18.3% y-o-y as demand remains soft.
Despite the lower top and bottom lines, Venture was able to hold on to its net margins at 9% for the quarter, versus 9.1% in the preceding 4QFY2023.
The companys already sizable net cash, meanwhile, continued to grow, reaching $1.19 billion as at end of the first quarter, or 29% of the market cap. In contrast, at the end of 4QFY2023, net cash then was $1.056 billion.
With inventory destocking coming to an end, coupled with improving demand for most of the domains, the group expects a better 2HFY2024 vs 1HFY2024, and a stronger 2Q24 as compared to 1Q24, writes DBS Group Researchs Lim Lee Keng in her May 6 report.
Citing customers feedback, Venture, according to Ling, is starting to see demand strengthening in several technology domains for the rest of 2024.
This observation is in line with our view of a more significant recovery for the downstream players in second half of the year to end of 2024, says Ling, who has maintained her BUY call.
Meantime, given the weaker than expected 1QFY2024 earnings, Ling has trimmed her FY2024 and FY2025 earnings forecast by 6.1% and 6.4% respectively, with lower margins assumptions.
This has led to a reduced target price of $16.40, from $16.90 previously, which is based on the same valuation multiple of 16x blended FY2024 and FY2025 earnings.
In his May 5 note, Jarick Seet of Maybank Securities has kept his BUY call and $15.80 target price, as he expects the company to enjoy a gradual recovery from FY2023 despite the weak start this year.
With a yield of 5.3%, a strong balance sheet and an active share-buyback programme, we believe that Venture will likely be a safe haven for investors, he says.
In their May 6 note, UOB Kay Hians John Cheong and Heidi Mo have similarly kept their BUY call.
They note that Venture is growing with its customers and bringing on board new ones, including those in precision engineering.
Their target price of $16.37 is pegged to 0.5 sd above its long-term mean PE of 17x FY2024 earnings, to capture the potential earnings recovery in 2024 and upcycle beyond that.
CIMB: Expecting stronger revenue from 2Q24F
1Q24 revenue fell 10% qoq and 19% yoy, below expectation at 21% of our/Bloomberg consensus full-year forecasts.
1Q24 net profit was also below expectation, at 21%/20% of our/Bloomberg consensus full-year forecasts.
Reiterate Add as Venture guided for 2Q24F/2H24F revenue to be stronger than 1Q24/1H24F. We think earnings can still catch up in the rest of FY24F.
We reiterate our Add call on Venture on potential EPS growth resumption in FY24-26F, supported by its 5.28% dividend yield (over FY24-26F).
We retain our valuation basis of 14.6x FY25F P/E (15-year average) and TP of S$15.93.
Management positive on outlook for rest of FY24F
Venture is targeting for 2Q24F revenue to improve qoq. Management also reiterated its previous guidance for 2H24F revenue to be stronger hoh.
According to management, Venture is onboarding new customers in the EMS++, Precision Engineering and Ventech Group businesses, including customers in the medtech and lifestyle sectors, as well as promising technology domains.
Based on customers feedback, Venture also sees demand strengthening in several technology domains for the rest of 2024F.
Venture also anticipates new businesses from supporting customers through their geopolitical risk mitigation strategies due to US-China trade tensions.
Hence, despite the lower-than-expected 1Q24 performance, we leave our FY24F forecasts unchanged as the companys earnings could catch up to our estimates in the subsequent quarters.
1Q24 revenue fell 10% qoq and 19% yoy, below expectation at 21% of our/Bloomberg consensus full-year forecasts.
1Q24 net profit was also below expectation, at 21%/20% of our/Bloomberg consensus full-year forecasts.
Reiterate Add as Venture guided for 2Q24F/2H24F revenue to be stronger than 1Q24/1H24F. We think earnings can still catch up in the rest of FY24F.
We reiterate our Add call on Venture on potential EPS growth resumption in FY24-26F, supported by its 5.28% dividend yield (over FY24-26F).
We retain our valuation basis of 14.6x FY25F P/E (15-year average) and TP of S$15.93.
Management positive on outlook for rest of FY24F
Venture is targeting for 2Q24F revenue to improve qoq. Management also reiterated its previous guidance for 2H24F revenue to be stronger hoh.
According to management, Venture is onboarding new customers in the EMS++, Precision Engineering and Ventech Group businesses, including customers in the medtech and lifestyle sectors, as well as promising technology domains.
Based on customers feedback, Venture also sees demand strengthening in several technology domains for the rest of 2024F.
Venture also anticipates new businesses from supporting customers through their geopolitical risk mitigation strategies due to US-China trade tensions.
Hence, despite the lower-than-expected 1Q24 performance, we leave our FY24F forecasts unchanged as the companys earnings could catch up to our estimates in the subsequent quarters.
DBS: Improving outlook
- 1Q24 results slightly below expectations net margins stable
- Expecting a sequential improvement in revenue and a better 2H24 vs. 1H24
- Data centres a key growth area in a sweet spot to benefit from China +1 strategy
- Cut net profit forecast by c.6% maintain BUY with lower SGD16.40 TP
1Q24 results slightly below expectations anticipate improving outlook ahead
1Q24 results slightly below expectations. Venture reported 1Q24 revenue of SGD667mn, -18.9% y/y and -9.5% q/q, due to lower overall customer demand amid some remaining headwinds. The life sciences sector and certain segments of the network and communications market still saw some destocking in 1Q 2024. Net profit came in at SGD60.1mn, (-18.3% y/y, -9.9% q/q). Overall, revenue and net profit accounted for 20.2%/19.6% of our FY24F forecasts, slightly below expectations.
Net margins stable at 9.0%. With increasing focus on operational execution and productivity enhancements, net profit margin was stable at 9.0% for 1Q24, vs. 9.1% in 4Q23 and 8.9% in FY23.
Stronger balance sheet with bigger war chest. Venture&rsquo s net cash position, with zero borrowings, improved to SGD1.19bn (c.29% of current market cap) as at 31 March 2024, up 12.7% from SGD1.056bn as at end-4Q23. Working capital also improved by SGD66.9mn compared to end-4Q23.
Expecting a sequential improvement in revenue and a better 2H24 vs. 1H24.With inventory destocking coming to an end, coupled with improving demand for most of the domains, the group expects a better 2H24 vs. 1H24, and a stronger 2Q24 as compared to 1Q24. Based on customers feedback, the group is starting to see demand strengthening in several technology domains for the rest of 2024. This observation is in line with our view of a more significant recovery for the downstream players in 2H24/end-2024.
Data centres a key growth area. Riding on the AI trend, major data centres would need to upgrade their servers to deliver better services such as better connectivity, power optimisation, and enhanced cybersecurity. Data centres would also need to accelerate their speed and frequency of upgrade work. Venture&rsquo s strategy is to work closely with these players to make a place for itself in the data centre ecosystem. This would be a key growth area for Venture in the long term, as the qualification and testing process usually takes time.
In a sweet spot to benefit from China +1 strategy. Besides having the bulk of its manufacturing facilities in Malaysia (Johor and Penang), Venture&rsquo s differentiating capabilities enable the group to benefit from the China +1 strategy. A growing number of companies are setting up operations outside China to build an ecosystem in SEA. Venture&rsquo s technological capabilities and its competitive edge enable the group to provide higher value-add activities for its customers in a sustainable and scalable way. This would enable the group to increase both market and wallet share, and create more value for its customers.
Cut net profit forecast by c.6% maintain BUY with lower SGD16.40 TP. Given the weaker-than-expected 1Q24 results, we have reduced our net profit forecast for FY24F/FY25F by 6.1%/6.4%, respectively. We have also assumed a lower net margin of 9.1%/9.2% for FY24F/FY25F vs. our previous assumption of 9.3%/9.5%, respectively. On the revenue front, we trimmed our projections for FY24F/FY25F by 3.7%/3.2%. On the back of the cut in earnings, our target price is reduced to SGD16.40 (previously SGD16.90) still based on c.16x PE (its four-year average) on blended FY24F/FY25F earnings. Maintain BUY.
- 1Q24 results slightly below expectations net margins stable
- Expecting a sequential improvement in revenue and a better 2H24 vs. 1H24
- Data centres a key growth area in a sweet spot to benefit from China +1 strategy
- Cut net profit forecast by c.6% maintain BUY with lower SGD16.40 TP
1Q24 results slightly below expectations anticipate improving outlook ahead
1Q24 results slightly below expectations. Venture reported 1Q24 revenue of SGD667mn, -18.9% y/y and -9.5% q/q, due to lower overall customer demand amid some remaining headwinds. The life sciences sector and certain segments of the network and communications market still saw some destocking in 1Q 2024. Net profit came in at SGD60.1mn, (-18.3% y/y, -9.9% q/q). Overall, revenue and net profit accounted for 20.2%/19.6% of our FY24F forecasts, slightly below expectations.
Net margins stable at 9.0%. With increasing focus on operational execution and productivity enhancements, net profit margin was stable at 9.0% for 1Q24, vs. 9.1% in 4Q23 and 8.9% in FY23.
Stronger balance sheet with bigger war chest. Venture&rsquo s net cash position, with zero borrowings, improved to SGD1.19bn (c.29% of current market cap) as at 31 March 2024, up 12.7% from SGD1.056bn as at end-4Q23. Working capital also improved by SGD66.9mn compared to end-4Q23.
Expecting a sequential improvement in revenue and a better 2H24 vs. 1H24.With inventory destocking coming to an end, coupled with improving demand for most of the domains, the group expects a better 2H24 vs. 1H24, and a stronger 2Q24 as compared to 1Q24. Based on customers feedback, the group is starting to see demand strengthening in several technology domains for the rest of 2024. This observation is in line with our view of a more significant recovery for the downstream players in 2H24/end-2024.
Data centres a key growth area. Riding on the AI trend, major data centres would need to upgrade their servers to deliver better services such as better connectivity, power optimisation, and enhanced cybersecurity. Data centres would also need to accelerate their speed and frequency of upgrade work. Venture&rsquo s strategy is to work closely with these players to make a place for itself in the data centre ecosystem. This would be a key growth area for Venture in the long term, as the qualification and testing process usually takes time.
In a sweet spot to benefit from China +1 strategy. Besides having the bulk of its manufacturing facilities in Malaysia (Johor and Penang), Venture&rsquo s differentiating capabilities enable the group to benefit from the China +1 strategy. A growing number of companies are setting up operations outside China to build an ecosystem in SEA. Venture&rsquo s technological capabilities and its competitive edge enable the group to provide higher value-add activities for its customers in a sustainable and scalable way. This would enable the group to increase both market and wallet share, and create more value for its customers.
Cut net profit forecast by c.6% maintain BUY with lower SGD16.40 TP. Given the weaker-than-expected 1Q24 results, we have reduced our net profit forecast for FY24F/FY25F by 6.1%/6.4%, respectively. We have also assumed a lower net margin of 9.1%/9.2% for FY24F/FY25F vs. our previous assumption of 9.3%/9.5%, respectively. On the revenue front, we trimmed our projections for FY24F/FY25F by 3.7%/3.2%. On the back of the cut in earnings, our target price is reduced to SGD16.40 (previously SGD16.90) still based on c.16x PE (its four-year average) on blended FY24F/FY25F earnings. Maintain BUY.
Venture Corp reports net profit of $60.1 mil for 1QFY2024, 18.3% lower y-o-y
Venture Corporation has reported a net profit of $60.1 million for the 1QFY2024 ended March 31, 18.3% lower than the net profit of $73.6 million in the corresponding period the year before.
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million from the revenue of $821.7 million the year before. The drop in the quarters revenue was due to lower customer demand over amid some remaining headwinds, which, according to Venture, are beginning to taper off.
The groups life sciences sector and certain segments of its network and communications market still saw some destocking in the 1QFY2024.
Despite the lower earnings, net profit margin (NPM) remained flat y-o-y at 9.0%.
During the 1QFY2024, Venture reported $132.9 million in net cash generated from operating activities. The group&rsquo s net cash position improved to $1.19 billion as at March 31, with zero borrowings.
Net asset value (NAV) per share stood at $10.06 as at March 31, up from $9.90 as at March 2023.
In its results presentation, the group says it is targeting for its revenue to improve q-o-q in the 2QFY2024. It also expects overall revenue for the 2HFY2024 to be higher on a h-o-h basis. The revenue growth will be achieved through four means: growing with the groups customers, onboarding new customers, mitigating geopolitical risk and better demand.
Shares in Venture closed 25 cents higher or 1.76% up at $14.46 on May 3.
Venture Corporation has reported a net profit of $60.1 million for the 1QFY2024 ended March 31, 18.3% lower than the net profit of $73.6 million in the corresponding period the year before.
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million from the revenue of $821.7 million the year before. The drop in the quarters revenue was due to lower customer demand over amid some remaining headwinds, which, according to Venture, are beginning to taper off.
The groups life sciences sector and certain segments of its network and communications market still saw some destocking in the 1QFY2024.
Despite the lower earnings, net profit margin (NPM) remained flat y-o-y at 9.0%.
During the 1QFY2024, Venture reported $132.9 million in net cash generated from operating activities. The group&rsquo s net cash position improved to $1.19 billion as at March 31, with zero borrowings.
Net asset value (NAV) per share stood at $10.06 as at March 31, up from $9.90 as at March 2023.
In its results presentation, the group says it is targeting for its revenue to improve q-o-q in the 2QFY2024. It also expects overall revenue for the 2HFY2024 to be higher on a h-o-h basis. The revenue growth will be achieved through four means: growing with the groups customers, onboarding new customers, mitigating geopolitical risk and better demand.
Shares in Venture closed 25 cents higher or 1.76% up at $14.46 on May 3.
What happened to that 10m share buyback plan?
You are talking about past performance, whereas share prices move on the potential of future achievement.
don' t think it can move big time as earnings have been disappointing
This company (plus many others in the tech space in SIngapore) will be beneficaries of the shift in investment funds looking to invest in the tech value chain in Asia as they look to diversify from being overinvested in US big tech.
Venture Corp
Price targets:
DBS Group Research BUY $16.90
CGS International ADD $15.93
Maybank Securities BUY $15.80
UOB Kay Hian BUY $16.37
No surprise, outlook remains bright
Most analysts have kept their calls on Venture Corp following FY2023 earnings that did not throw up any surprises. Despite lower earnings, Venture has maintained its final dividend at 50 cents, bringing the full-year payout to 75 cents, implying a yield of 5.3%.
In his Feb 23 note, Maybank Securities Jarick Seet, citing management, flags that the 2HFY2024 ended December should be stronger than 1HFY2024 as production of new products starts. Venture is also confident it can maintain net margins between 8% and 10% for FY2024.
The company continues to see significant growth opportunities in life sciences, test instrumentation, data centres, semiconductor equipment, and advanced industrial, networking and communications. In 1QFY2024, Venture has also launched luxury lifestyle and wellness products.
Even as Seet has kept his BUY call, he has raised his target price to $15.80 from $15.50, pegged to an unchanged 16 times forward FY2024 earnings to consider revised earnings estimates.
On their part, John Cheong and Heidi Mo of UOB Kay Hian have maintained their BUY call and $16.37 target price on the stock. They note that Venture is expanding its services, including design, sourcing and supply chain management. This will deepen collaboration with many of Ventures class-leading customers, say the analysts in their Feb 23 note.
William Tng of CGS International calls the company a free cash flow generator as it has no borrowings and sits on a record cash hoard of $1.06 billion while free cash flow hit a record $473.9 million.
Like Seet, Tng has slightly raised his target price to $15.93 from $15.90 after he projected higher earnings per share to consider a smaller share base following a series of share buybacks. His valuation multiple is kept at 14.6 times.
Ling Lee Keng of DBS Group Research is more bullish than her peers. In her Feb 23 note, she flags how Venture can capture new opportunities with its diversified product mix and blue-chip customer base.
With an eye on the longer term, Venture continues to invest and develop new differentiating capabilities across multiple technology domains, she adds.
Her new target price of $16.90, from $15.10 previously, is based on 16 times FY2024 earnings, which, thanks to the improving outlook, is a higher multiple versus 14 times previously. &mdash The Edge Singapore
Price targets:
DBS Group Research BUY $16.90
CGS International ADD $15.93
Maybank Securities BUY $15.80
UOB Kay Hian BUY $16.37
No surprise, outlook remains bright
Most analysts have kept their calls on Venture Corp following FY2023 earnings that did not throw up any surprises. Despite lower earnings, Venture has maintained its final dividend at 50 cents, bringing the full-year payout to 75 cents, implying a yield of 5.3%.
In his Feb 23 note, Maybank Securities Jarick Seet, citing management, flags that the 2HFY2024 ended December should be stronger than 1HFY2024 as production of new products starts. Venture is also confident it can maintain net margins between 8% and 10% for FY2024.
The company continues to see significant growth opportunities in life sciences, test instrumentation, data centres, semiconductor equipment, and advanced industrial, networking and communications. In 1QFY2024, Venture has also launched luxury lifestyle and wellness products.
Even as Seet has kept his BUY call, he has raised his target price to $15.80 from $15.50, pegged to an unchanged 16 times forward FY2024 earnings to consider revised earnings estimates.
On their part, John Cheong and Heidi Mo of UOB Kay Hian have maintained their BUY call and $16.37 target price on the stock. They note that Venture is expanding its services, including design, sourcing and supply chain management. This will deepen collaboration with many of Ventures class-leading customers, say the analysts in their Feb 23 note.
William Tng of CGS International calls the company a free cash flow generator as it has no borrowings and sits on a record cash hoard of $1.06 billion while free cash flow hit a record $473.9 million.
Like Seet, Tng has slightly raised his target price to $15.93 from $15.90 after he projected higher earnings per share to consider a smaller share base following a series of share buybacks. His valuation multiple is kept at 14.6 times.
Ling Lee Keng of DBS Group Research is more bullish than her peers. In her Feb 23 note, she flags how Venture can capture new opportunities with its diversified product mix and blue-chip customer base.
With an eye on the longer term, Venture continues to invest and develop new differentiating capabilities across multiple technology domains, she adds.
Her new target price of $16.90, from $15.10 previously, is based on 16 times FY2024 earnings, which, thanks to the improving outlook, is a higher multiple versus 14 times previously. &mdash The Edge Singapore
This song by Sweat:
A La La La La Long Long
Li Long Long Long.
(Push it, push it some more)
A La La La La Long Long
Li Long Long Long.
(Push it, push it some more)
Rammerjammer ( Date: 26-Feb-2024 10:44) Posted:
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I long long wait...you wait long long...
Totally agree with you, I have built a significant position in Venture and want to buy more. Not going to rush in fully to add more just yet though in case of weakness down the road (i.e., 1Q24 results, any deterioration of the global macro environment. recession risk, etc,).
Alignment ( Date: 26-Feb-2024 13:27) Posted:
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The opportunity of being able to buy the share slightly cheaper by waiting needs to be weighed against the risk of missing out altogether on the upside if the share price moves up too quickly (which is potentially much higher, especially for high beta / growth stocks).
Personally I am a long term holder and not a market timer so I am inclined towards buying early. But different people have different ways of making money....
Personally I am a long term holder and not a market timer so I am inclined towards buying early. But different people have different ways of making money....
Just to add, I am slightly concerned of weaker financial performance both yoy and qoq for 1Q24. However, the expectations for a strong 2H24 seems to be justified, driven by customer demand and recovery. In this regard, keeping some dry powder to accumulate on any weakness post 1Q24 could be a strategy. Hope that Venture can be aggressive in buying back shares after committing to purchase 10m shares as stated in the 30 Nov 2023 SGXNet announcement.
MambaFinancial89 ( Date: 25-Feb-2024 23:01) Posted:
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Is a matter of time AI would beat F1 drivers, driverless autonomus vehicles would be here sooner...Data servers, Robots, Virtual workers will be taking over...if you understand what the latest Open AI SORA does...Venture' s job orders gonna be humming...
Higher revenue and profit on a sequential quarter-on-quarter basis (3Q vs 4Q) along with a solid 9.1% net margin (highest of all quarters in FY2023). Record net cash position $1.06B (which is the envy of companies with debt on their balance sheets and higher for longer interest rates). Along with share buybacks coming off the results, it seems like the worst is over. Look forward to strong share price appreciation in FY2024, backed by consistent dividends given the large cashpile.
HuatAh7898 ( Date: 25-Feb-2024 20:17) Posted:
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