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This drop is good. This drop is necessary before the rebound. I was not interested when venture drop to $15.50. When it drop to $14.80, I m still lukewarm but getting interested. I bought at $14.16, and find it to be decent price to buy. Now at $13.90, it should be very near its bottom.
The global stock markets will rise and are on the verge of rising.
if venture has not bottomed yet, which I feel it likely not yet, it will soon and the bottom is likely not very far away. For now, collect dividends and the better days are coming. And it seems very soon. That time is coming. Prepare for an uptrend now, and then a retest of the lows after that again.
I believe the next retest will the show the true bottom for venture, and will be very very close to $13.70
The global stock markets will rise and are on the verge of rising.
if venture has not bottomed yet, which I feel it likely not yet, it will soon and the bottom is likely not very far away. For now, collect dividends and the better days are coming. And it seems very soon. That time is coming. Prepare for an uptrend now, and then a retest of the lows after that again.
I believe the next retest will the show the true bottom for venture, and will be very very close to $13.70
Proud to be removed fr the index????
tongphlp ( Date: 11-Aug-2023 15:20) Posted:
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Gone case....
removed from the index henceforth
matter or time as it' s a true hopeless SG co
making Singaporeans proud? That it' s heading towards a penny stock?
removed from the index henceforth
matter or time as it' s a true hopeless SG co
making Singaporeans proud? That it' s heading towards a penny stock?
Sgvale ( Date: 14-Aug-2023 11:05) Posted:
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Oversold. Just bought 1000 shares at 13.90
Cannot make it....not sustainable
sinpacent ( Date: 08-Aug-2023 17:18) Posted:
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Showed new low, lower than 13.9....very bad...
FrancisLim ( Date: 07-Aug-2023 13:46) Posted:
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Tend to be wrong as it' s always trending down
Sgvale ( Date: 08-Aug-2023 10:26) Posted:
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Confident that it' s gonna be a failure?
Sgvale ( Date: 07-Aug-2023 16:11) Posted:
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Luckily, today there' s a small rebound even analysts were cutting their TP. 
Brokers&rsquo take: Analysts cut targets for Venture Corp after earnings disappointment, Companies & Markets - THE BUSINESS TIMES
Tending Up
Sgvale ( Date: 07-Aug-2023 16:11) Posted:
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Venture soon to bound up. Management confident going forward
1) I agree Venture could be oversold
2) I don' t think Venture has significant business relating to AI (correct me if I am wrong)
3) PE ratio of 10.98 for an EMS company can be a bit on the high side, but will Venture will benefit from the exodus of EMS business from China? Most EMS companies benefited in the moving out of China movement are location in Vietnam and possibly Thailand.
4) The div yield of 5.39% is indeed attractive, but that' s provided they can continue to make such profits and also 2H 2023 revenue is 15~20% higher than H1 2023.
5) Venture is cash rich and it won' t go bust due to current market high interest situation, but the main concern of US-China chip war, what will be the impact for 2H 2023 and 2024 for Venture sales....
2) I don' t think Venture has significant business relating to AI (correct me if I am wrong)
3) PE ratio of 10.98 for an EMS company can be a bit on the high side, but will Venture will benefit from the exodus of EMS business from China? Most EMS companies benefited in the moving out of China movement are location in Vietnam and possibly Thailand.
4) The div yield of 5.39% is indeed attractive, but that' s provided they can continue to make such profits and also 2H 2023 revenue is 15~20% higher than H1 2023.
5) Venture is cash rich and it won' t go bust due to current market high interest situation, but the main concern of US-China chip war, what will be the impact for 2H 2023 and 2024 for Venture sales....
michaeltan ( Date: 07-Aug-2023 15:19) Posted:
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I believed it is oversold.
Venture Corp will be benefited from AI ( Artificial Intelligence ) global expansion.
PE ratio = 10.98
Div Yield = 5.39%
Venture Corp will be benefited from AI ( Artificial Intelligence ) global expansion.
PE ratio = 10.98
Div Yield = 5.39%
FrancisLim ( Date: 07-Aug-2023 13:46) Posted:
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At $15.85 Citi analyst called for Enhanced Accumulation.
Now at $13.90, it is what you called - Enhanced Enhanced Accumulation.
Nobody can tell the bottom, but it probably looks so
DYODD
Now at $13.90, it is what you called - Enhanced Enhanced Accumulation.
Nobody can tell the bottom, but it probably looks so
DYODD
mav1ryan ( Date: 07-Aug-2023 11:14) Posted:
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13.94 now, good to go in to buy ?
Asdfgh101 ( Date: 04-Aug-2023 17:27) Posted:
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13 soon and then 10
tongphlp ( Date: 05-Aug-2023 06:15) Posted:
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same feeling here, doesn' t make sense to have two chief,
nevertheless result still within expectation with better financial position,
question lie on sustainability and caption on AI boom.
nevertheless result still within expectation with better financial position,
question lie on sustainability and caption on AI boom.
tongphlp ( Date: 05-Aug-2023 15:32) Posted:
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Best to remove the CEOs..?
Joelton ( Date: 05-Aug-2023 11:59) Posted:
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Venture Corp posts 19.7% lower net profit of $140 mil, maintains DPS of 25 cents
Venture Corporation V03 -0.07% has recorded net profit attributable to owners of the company of $140.0 million for 1HFY2023 ended June, down 19.7% y-o-y.
Revenue, meanwhile, declined 11.9% y-o-y to $1,582.2 million, owing to a high base last year and softening demand across the majority of its technology domains and customers&rsquo inventory destocking, says Venture on Aug 4.
Earnings per share was 48.0 cents for 1HFY2023, down from 59.8 cents this time last year.
Net asset value, meanwhile, was $9.67 at June 30, up from $9.76 as at Dec 31, 2022.
The board of directors has declared an interim dividend of 25 cents per share, unchanged from this time last year, to be paid on Sept 14.
The group generated operating cash flow of $173.8 million before working capital changes for 1HFY2023, down from $227.6 million this time last year.
The working capital position improved from stronger trade receivable collections and inventory management efforts while ensuring assurance of supply, says Venture.
As at June 30, the group recorded healthy cash and bank balances and a net cash position of $895.6 million, up from S$812.6 million as at Dec 31, 2022.
This includes a final tax-exempt dividend of 50 cents per share amounting to $145.5 million, paid on May 23.
The group has taken steps to work on several new initiatives to drive revenue, profitability and working capital improvement going forward, says Venture. &ldquo This includes proactively working with customers and partners who are &lsquo de-risking&rsquo out of a geographic presence into Venture&rsquo s Southeast Asian manufacturing sites as well as our supplier base. This will accelerate our ability to capture more market share.&rdquo
Venture says it will remain focused on staying relevant and impactful with an unwavering commitment on investing in its people and advanced technology. &ldquo The group is now well-positioned to capitalise on its strengths to deliver long-term, sustainable stakeholder value.&rdquo
No eyes c
VT_Jr888 ( Date: 04-Aug-2023 02:28) Posted:
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