Venture
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2022 Venture Corporation - A Year Of Recovery
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yup. when they call for buy, u sell. When they call for sell, u buy. Do the opp.
FrancisLim ( Date: 21-Jun-2023 11:09) Posted:
After this upbeat report, corrected some more.
Like Johnny comes lately
tongphlp ( Date: 19-Jun-2023 13:08) Posted:
Pullback in Venture Corp shares overdone, enhanced opportunity to accumulate: Citi
Khairani Afifi NoordinThu, Jun 15, 2023 &bull 11:43 AM GMT+08 &bull 4 days ago &bull 2 min read
Citi Investment Research analyst Jame Osman has maintained his &ldquo buy&rdquo call on Venture Corp V03 -1.62% with a lower target price of $19 from $20.30 previously on the back of near-term concerns.
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After this upbeat report, corrected some more.
Like Johnny comes lately
tongphlp ( Date: 19-Jun-2023 13:08) Posted:
Pullback in Venture Corp shares overdone, enhanced opportunity to accumulate: Citi
Khairani Afifi NoordinThu, Jun 15, 2023 &bull 11:43 AM GMT+08 &bull 4 days ago &bull 2 min read
Citi Investment Research analyst Jame Osman has maintained his &ldquo buy&rdquo call on Venture Corp V03 -1.62% with a lower target price of $19 from $20.30 previously on the back of near-term concerns.
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tsunami u mean?...
elisa28 ( Date: 20-Jun-2023 16:41) Posted:
Venture is still a buy at current price, wave 3 coming.
tongphlp ( Date: 19-Jun-2023 16:52) Posted:
moving is a sure thing, sustainability is another...
up $1, down $2.. |
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Venture is still a buy at current price, wave 3 coming.
tongphlp ( Date: 19-Jun-2023 16:52) Posted:
moving is a sure thing, sustainability is another...
up $1, down $2...
Fiat500 ( Date: 15-Jun-2023 18:21) Posted:
| Venture Corp will easily move up to $17+ range in the near term... |
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moving is a sure thing, sustainability is another...
up $1, down $2...
Fiat500 ( Date: 15-Jun-2023 18:21) Posted:
| Venture Corp will easily move up to $17+ range in the near term... |
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Pullback in Venture Corp shares overdone, enhanced opportunity to accumulate: Citi
Khairani Afifi NoordinThu, Jun 15, 2023 &bull 11:43 AM GMT+08 &bull 4 days ago &bull 2 min read
Citi Investment Research analyst Jame Osman has maintained his &ldquo buy&rdquo call on Venture Corp V03 -1.62% with a lower target price of $19 from $20.30 previously on the back of near-term concerns.
Those who sell today will regret next week, Venture is still an uptrending stock.
MA, RSI and MACD are all pointing upwards.
This morning 1638 touches the 60 day MA and come down.
On the way to close gap. Everyone push
current px 16.07
Venture Corp will easily move up to $17+ range in the near term...
Pullback in Venture Corp shares overdone, enhanced opportunity to accumulate: Citi (The Edge, 15 June)
Citi Investment Research analyst Jame Osman has maintained his buy call on Venture Corp with a lower target price of $19 from $20.30 previously on the back of near-term concerns.
In his June 14 report, Osman expects Ventures top-line momentum to remain subdued in the near-term as customers remain cautious on order volume due to the uncertain consumption environment and inventory destocking from elevated FY2022 levels.
That said, he sees the about 13% pullback in Ventures shares over the past three months as overdone an enhanced opportunity to accumulate. This is as market concern over the near-term demand uncertainty appears to be priced in. Additionally, Ventures 1QFY2023 ended March performance was comparatively better among the tech companies in Citis coverage.
Moving forward, Venture has flagged potential new product introductions as potential drivers in its 2HFY2023 while it focuses on efforts to capture market share after deepening relationships with customers within its key growth domains. Osman sees Ventures growing net cash position as attractive to customers seeking implicit working capital support.
Following its efforts to penetrate new domains, we believe Venture&rsquo s customer base is now more diversified versus a decade ago and should mitigate risk of a prolonged revenue slowdown, says Osman.
In the medium-term, the analyst sees structural opportunities for the company from supply chain relocation into manufacturing hubs including Penang. Customers could also increasingly turn to electronic manufacturing services players which have been able to navigate supply chain bottlenecks well during the pandemic to de-risk their own production over the long-term.
Osman also views Ventures recent management restructuring plans as a net positive. Effective June 1, the group is reorganising to form two technology business groups known as Technology Products and Solutions group and Advanced Manufacturing and Design Solutions group, each led by different CEOs.
After tampering its revenue forecasts and margin assumptions to reflect near-term operational deleveraging, Citi has lowered its FY2023, FY2024 and FY2025 EPS estimates by 7%, 5% and 4% respectively. Osman notes that Ventures valuations appear attractive as the shares are trading at a FY2023 P/E of 10x on an ex-cash basis, which is 1 standard deviation below its past 10-year mean of 15x.
As at 11.42am, shares in Venture are trading 66 cents higher or 4.35% up at $15.85.
waseh
elisa28 ( Date: 15-Jun-2023 09:36) Posted:
Next target 1613 - 1638
Nasqaq still uptrend. |
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Good n happier it is up but let' s not forget it has dropped a lot since it went xd....
elisa28 ( Date: 15-Jun-2023 09:36) Posted:
Next target 1613 - 1638
Nasqaq still uptrend. |
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Rotational play
MambaFinancial89 ( Date: 15-Jun-2023 10:10) Posted:
| Any particular reason why the share price is up 4.5% in the first hour of trading today (15/6)? |
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Any particular reason why the share price is up 4.5% in the first hour of trading today (15/6)?
Next target 1613 - 1638
Nasqaq still uptrend.
Wow
tongphlp ( Date: 14-Jun-2023 14:31) Posted:
1 day up, 4 days down....easy 2 manipulate....
Sg_KoalaDreaming ( Date: 13-Jun-2023 21:09) Posted:
| good run up today |
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1 day up, 4 days down....easy 2 manipulate....
Sg_KoalaDreaming ( Date: 13-Jun-2023 21:09) Posted:
| good run up today |
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Look at it....heading back n giving up morning gains
Sg_KoalaDreaming ( Date: 14-Jun-2023 13:07) Posted:
slowly but surely it will reclaim  lost ground Bro.
tongphlp ( Date: 14-Jun-2023 11:55) Posted:
| Still weak...up 1c is also up....watch n c.... |
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slowly but surely it will reclaim
lost ground Bro.
tongphlp ( Date: 14-Jun-2023 11:55) Posted:
Still weak...up 1c is also up....watch n c....,
elisa28 ( Date: 14-Jun-2023 10:48) Posted:
Nice, today gap up.
if by Monday never close gap, than we will see price goes further up. |
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Still weak...up 1c is also up....watch n c....,
elisa28 ( Date: 14-Jun-2023 10:48) Posted:
Nice, today gap up.
if by Monday never close gap, than we will see price goes further up. |
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DYODD