Venture
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2022 Venture Corporation - A Year Of Recovery
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From UOBKayHian retail market monitor 28 Sep 2023:
Venture Corp (VMS SP)
Trading sell range: S$12.90-12.95 Last price: S$12.69
Target price: S$11.80
Protective stop: S$13.40
The price is trading below the cloud, keeping the downtrend intact. It is consolidating within a pennant continuation pattern, and more downside is possible if it breaks down the pennant. The MACD is bearish and a bearish crossover is likely in the coming session.
We see increasing odds of stock price testing S$11.80. Stops could be placed at S$13.40.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental HOLD and target price of S$14.60.
Next, support level 12.30
think all know that. so they will also think of way to under-cut those that wait
for me, simple, buy bit bit first. earn small lose small.
bamboo300306 ( Date: 27-Sep-2023 23:28) Posted:
| Why hurry to buy.. wait for interest rate to reverse first still not too late. |
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Why hurry to buy.. wait for interest rate to reverse first still not too late.
have you pickup? the Venture is a bargain right now. According to a valuation, the intrinsic value of the stock 17. 83, which is above what the market is valuing. This indicates a potential opportunity to buy at low now
Wish it could break above $13.50
Dyodd!
elisa28 ( Date: 22-Sep-2023 10:26) Posted:
Today is a bullish engulfment of yesterday candle.
BBs are back in the driver sit.
Shorties watch your backside |
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Today is a bullish engulfment of yesterday candle.
BBs are back in the driver sit.
Shorties watch your backside
Wah ... this stock fall quite a lot over the past year
Looks like going to test next
support level
At this level, could be enhanced buy?
Yea! It is in!
fwei78 ( Date: 14-Sep-2023 21:54) Posted:
Have anybody received the dividend?
Normally it will be in the bank after 6pm but I haven't see it until now |
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Have anybody received the dividend?
Normally it will be in the bank after 6pm but I haven't see it until now
Those who sold today will regret.
sinpacent ( Date: 14-Sep-2023 12:22) Posted:
 can' t wait for it to break $13.50 DYODD!
elisa28 ( Date: 14-Sep-2023 10:56) Posted:
| Bullish chart formation in the making. |
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can' t wait for it to break $13.50 DYODD!
elisa28 ( Date: 14-Sep-2023 10:56) Posted:
| Bullish chart formation in the making. |
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Bullish chart formation in the making.
Hope yesterday' s gain can hold today😅
We need more of this good news. Keep it up!
Huataarrhh ( Date: 12-Sep-2023 09:06) Posted:
DBS upgrade report today
12 Sep 2023
Depressed valuation offers favourable entry point
- Upgrade to BUY trading at trough valuation despite solid financials
- Industry leaders in Venture&rsquo s technology domain expect a better 2024, which will benefit Venture&rsquo s earnings outlook
- Not immune to macro-economic headwinds in the near term longer term growth strategies in place
- No change in earnings and TP of S$15.40 though potential upside for higher DPS given high cash level
We upgrade Venture to BUY from Hold, premised on :-
- Trading at trough valuation. Venture&rsquo s share price has plunged 25% since our downgrade call in May 2023, after the release of weaker than expected 1Q23 results. Besides the muted outlook, the weak share price performance was also due to portfolio rebalancing from its removal from the MSCI Singapore Index. At current FY23F/FY24F PE of 12.6x/11.2x, the stock is trading at the previous low in March 2020, which was due to the COVID pandemic. We believe the attractive valuation should not be ignored for a company with strong financials, above-peers&rsquo net margins and high net cash as % of market capitalization at 24%.
- Industry leaders in Venture&rsquo s technology domains expect a better 2024. Though the outlook for 2023 is muted, 2024 is expected to be a better year.
- Higher DPS on the cards? With its strong net cash position, we believe there is a possibility that Venture could increase its DPS of 75Scts (5.9% yield) once the outlook improves.
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Hope venture will have a long overdue rebound this time!
Citi tried to Enhance at $15.85 and failed miserably.
DBS is the Johnny come lately, and placed an upgrade from the current very depressed price to upgrade.
Upgrade does not sound so embellish like Enhanced... like the sky is the limit
DBS upgrade report today
12 Sep 2023
Depressed valuation offers favourable entry point
- Upgrade to BUY trading at trough valuation despite solid financials
- Industry leaders in Venture&rsquo s technology domain expect a better 2024, which will benefit Venture&rsquo s earnings outlook
- Not immune to macro-economic headwinds in the near term longer term growth strategies in place
- No change in earnings and TP of S$15.40 though potential upside for higher DPS given high cash level
We upgrade Venture to BUY from Hold, premised on :-
- Trading at trough valuation. Venture&rsquo s share price has plunged 25% since our downgrade call in May 2023, after the release of weaker than expected 1Q23 results. Besides the muted outlook, the weak share price performance was also due to portfolio rebalancing from its removal from the MSCI Singapore Index. At current FY23F/FY24F PE of 12.6x/11.2x, the stock is trading at the previous low in March 2020, which was due to the COVID pandemic. We believe the attractive valuation should not be ignored for a company with strong financials, above-peers&rsquo net margins and high net cash as % of market capitalization at 24%.
- Industry leaders in Venture&rsquo s technology domains expect a better 2024. Though the outlook for 2023 is muted, 2024 is expected to be a better year.
- Higher DPS on the cards? With its strong net cash position, we believe there is a possibility that Venture could increase its DPS of 75Scts (5.9% yield) once the outlook improves.
