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341-360 of 889
https://www.semiconductors.org/global-semiconductor-sales-increase-2-3-month-to-month-in-july/
blue line turning up.... but.. not sure ... if V03.... will....
blue line turning up.... but.. not sure ... if V03.... will....
pepperfox ( Date: 17-Oct-2023 09:31) Posted:
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To what extent and how low will it go?
t.me /sgmarketnpreipo /19843/21910
t.me /sgmarketnpreipo /19843/21910
VC fighting! Hopefully, the results could be better than expected to sustain the dividend 😀
CGS-CIMB cuts Venture target on weaker earnings prospects
CGS-CIMB has turned cautious on Venture Corporation&rsquo s : V03 -0.49% near-term earnings outlook as it foresees a decline in Q3 FY2023 net profit, amid continued inventory depletion by the electronics manufacturer&rsquo s customers.
The research house on Wednesday (Oct 11) issued a lower price target of S$16.61 compared to S$16.80 previously.
The revised target is based on a lower 15-year average price-to-earnings multiple of 14.6 times against FY2025 forecasts, versus the stock&rsquo s previous 23-year average of 15.2 times.
Contrary to CGS-CIMB&rsquo s earlier view that the group&rsquo s H2 net profit could mirror H1 levels in FY2023, the research house said it now projects a 34.3 per cent year-on-year and 3.6 per cent quarter-on-quarter fall in Q3 net profit figures to S$64 million.
The lower H2 projections translate to a FY2023 net profit estimate of S$270 million, which is 4.5 per cent lower than what was previously forecasted.
Its analyst William Tng noted that revenue declines in Venture&rsquo s &ldquo disappointing&rdquo set of H1 FY2023 financials were largely due to softening demand and ongoing inventory destocking at its customers&rsquo end.
He expects Venture to report a &ldquo reasonable&rdquo 5 per cent revenue growth for FY2024 and FY2025, respectively. This is compared to the Bloomberg consensus revenue growth expectations of 5.2 per cent for FY2024 and 7.8 per cent for Venture&rsquo s customers.
&ldquo We remain cautious on Venture&rsquo s revenue outlook for FY2024 to FY2025 as we believe demand from customers could remain soft,&rdquo said Tng.
As such, CGS-CIMB&rsquo s net profit projections for FY2024 and FY2025 have been cut by 2.4 per cent and 2.9 per cent, respectively.
Noting that Venture&rsquo s net profit margins could be &ldquo pressured by the slow revenue&rdquo , the research house has also trimmed its FY2024 net profit margin forecasts by 0.2 percentage point, and another 0.3 percentage point for FY2025.
CGS-CIMB nonetheless reiterated its &ldquo add&rdquo call on the stock in view of its estimated 6.11 per cent dividend yield, as well as its potential for earnings per share growth resumption in the next two fiscal years.
&ldquo We expect Venture to maintain its FY2023 to FY2025 dividend per share at S$0.75 as its net cash balance as at end-June 2023 was S$895.6 million, and we expect limited capex requirements over FY2023 to FY2025,&rdquo said Tng.
Venture needs to close above $12.40. before it establish a new floor.
Penny stock in the making
sinpacent ( Date: 04-Oct-2023 11:35) Posted:
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Sinpacent - I agree the buyback so far (past 2 months accumulated) really miniscule, compared to total authorized buyback stock of 14.55 Mil shares.
What is the point of approving such a big buyback amount, but only use a grain in the bucket.
Might as well reduce that.
I think shortists also notice this about Venture (only dip their toes in water).
That's why they go for the kill.
.
How to hold the price from dropping with such insignificant buying back volume? Like child' s play, ha! ha! ha! Hopefully, VC could do more to gain SH confidence.
graham73 ( Date: 04-Oct-2023 05:45) Posted:
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There' ve been sizeable shorting of Venture shares over past month (20%-30% of daily volume)
Yesterday the short was 390,700
https://api2.sgx.com/sites/default/files/reports/short-sell/2023/10/website_DailyShortSell202310031815.txt
Short Sell Executed on October 3, 2023
Security ShortSaleVolume Curr ShortSaleValue
Venture 390,700 SGD 4,768,217
Yesterday the short was 390,700
https://api2.sgx.com/sites/default/files/reports/short-sell/2023/10/website_DailyShortSell202310031815.txt
Short Sell Executed on October 3, 2023
Security ShortSaleVolume Curr ShortSaleValue
Venture 390,700 SGD 4,768,217
Good sign. Coincedentally and luckily, I bought again yesterday to average down. Could be a new bottom.
graham73 ( Date: 04-Oct-2023 05:45) Posted:
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The company did share buyback of 100k shares on 3 Oct.
https://links.sgx.com/1.0.0/corporate-announcements/9O59MFL2H57IIUVZ/e42c6af368bcd2f17d33545e77121d601b3a72354ac792bd0109d2aa7350c3a0
maybe back to 2017.....
TingHai88 ( Date: 03-Oct-2023 18:51) Posted:
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Probably want to to scoop at low too.. venture is cash rich, no scare..
graham73 ( Date: 03-Oct-2023 10:02) Posted:
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The price chart is extremely weak.
Venture Corp has a large pre-approved option for share buyback (14,550,528 shares), but the management has not made use of this in any significant way.
Mr Wong probably thinks its OK to let the share price continue to fall. Sorry for the retail shareholders.
https://links.sgx.com/1.0.0/corporate-announcements/LPRBSPST2BNZGFR3/c67da6b9e66665356cc94820f2e4e933814237e97bf2b2de7445944e3f2a8f75
Venture Corp has a large pre-approved option for share buyback (14,550,528 shares), but the management has not made use of this in any significant way.
Mr Wong probably thinks its OK to let the share price continue to fall. Sorry for the retail shareholders.
https://links.sgx.com/1.0.0/corporate-announcements/LPRBSPST2BNZGFR3/c67da6b9e66665356cc94820f2e4e933814237e97bf2b2de7445944e3f2a8f75
Venture stock dropping probably market cap lower down
last week and 12.16 time to move upwards as support should be 12.18. what do you think?
last week and 12.16 time to move upwards as support should be 12.18. what do you think?
Looks like Venture is currently testing 12.30
bishan22 ( Date: 28-Sep-2023 18:47) Posted:
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My cost was high, no choice but to add bit by bit as it falls and I will load some more in October...Dyodd!
Truly hopeless stock and doubt it will see light at the end of the day. 12, 11, 10.. soon a penny stock
bishan22 ( Date: 28-Sep-2023 18:47) Posted:
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Durian coming again! Yum
All time low since 2020...can nibble???