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Venture
Last:18.1
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Venture
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tongphlp
Supreme |
18-Nov-2021 14:32
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A world with no cigarettes is a world with no oilhttps://www.arabnews.com/node/1970131 |
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tongphlp
Supreme |
18-Nov-2021 14:29
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Prognosis
Tobacco Use Keeps Declining as WHO Urges Cessation SupportBy    +Get AlertsNovember 16, 2021, 7:00 PM GMT+8
https://www.bloomberg.com/news/articles/2021-11-16/tobacco-use-keeps-declining-as-who-urges-cessation-support |
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tbooncho888
Senior |
18-Nov-2021 13:43
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waiting for the 23 n 25 gap to be closed.. | ||||||||
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Lobster
Elite |
18-Nov-2021 13:33
Yells: "Even Adam Khoo believes in the Black Market!" |
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Be prepared..... vested Venture Corp&rsquo s Wong raises stake just before stepping down as CEO |
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tongphlp
Supreme |
18-Nov-2021 11:37
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later BT take umbrage.... I take umbr-ella...
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tongphlp
Supreme |
18-Nov-2021 10:47
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who is BT to tell Venture to do what they want?.....
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nott1965
Veteran |
18-Nov-2021 10:47
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Today BT suggest privatise. Hopefully $25 | ||||||||
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tongphlp
Supreme |
18-Nov-2021 10:34
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Big Tobacco Is Spending More Time Fighting Over PatentsBattle for market share in smoke-free products is shifting to the courthouse, but shouldn&rsquo t replace innovationhttps://www.wsj.com/articles/big-tobacco-is-spending-more-time-fighting-over-patents-11634038386 |
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tongphlp
Supreme |
18-Nov-2021 10:09
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Altria' s IQOS Sales Disappear in a Puff of SmokeThe tobacco giant will be ending sales of the device in the U.S. at the end of November.https://www.fool.com/investing/2021/10/30/altrias-iqos-sales-disappear-in-a-puff-of-smoke/ |
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tongphlp
Supreme |
18-Nov-2021 09:42
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similarities of AEM & Venture - both have Temasek influence on the board..
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tbooncho888
Senior |
18-Nov-2021 09:41
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still got 23 n 25 gaps to be filled...just starting, still early | ||||||||
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tongphlp
Supreme |
18-Nov-2021 09:29
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same pattern...hit a high and back to square one and giving up earlier gains..
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tbooncho888
Senior |
18-Nov-2021 09:26
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bad news = good new mah....read reverse is correct leow this time of the cycle for wave 5 up... | ||||||||
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tongphlp
Supreme |
18-Nov-2021 09:26
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AEM share price (SGX: AWX) to hit $20 with new patent?
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tongphlp
Supreme |
18-Nov-2021 09:25
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err...AEM reported a set of not so good results also but the price is rocketing...
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tbooncho888
Senior |
18-Nov-2021 09:24
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venture result no good, ppl sell down, then share go up after their selling...classic... | ||||||||
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tongphlp
Supreme |
18-Nov-2021 09:20
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Venture shares are too easily manipulated by BBs... They should consider hiring Loke Wai San to help them manage better.. Look at AEM ...it' s flying to the moon!
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Joelton
Supreme |
18-Nov-2021 09:10
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Venture' s board should explore taking firm private as it prepares for founder' s exit
VENTURE Corporation should provide its shareholders with an opportunity to cash out at a premium to market price as it prepares for a future without its founder Wong Ngit Liong at the helm.
 
With a market value of S$5.6 billion, a net cash position of S$852.7 million as at Sep 30, and some 100 global companies that regard it as a partner of choice, Venture is likely to be an attractive and viable investment target for private equity investors.
 
Given Venture' s long-held position that it is not in its interest to reveal any information about its customers - even in the face of a brutal short-selling attack in 2018 related to its exposure to Philip Morris International' s e-cigarette product - the company is arguably better off being privately held anyway.
 
More importantly, the bulk of Venture' s shares are not held by the coterie of insiders who run the company but by public investors - who deserve to be consulted at this pivotal moment.
 
Venture' s most recent annual report said 81.3 per cent of its shares were held by the public as at Mar 9.
 
Filings over recent months show Wong Ngit Liong holds a direct stake of 7.1 per cent. Fund management groups BlackRock and Schroders have deemed interests of 6.2 per cent and just under 7 per cent, respectively.
 
For Venture' s public shareholders, many of whom may own the stock because of Wong Ngit Liong' s entrepreneurial track record, a take-private offer at a significant premium to Venture' s current market value is likely to be a welcome proposition.
 
Management changes
 
On Nov 3, just after the market closed, Venture unveiled changes to its senior management line-up that will see Wong Ngit Liong hand over the post of chief executive officer (CEO) to Lee Ghai Keen, who is currently the company' s chief operating officer (COO).
 
The vacated post of COO will be filled by Wong Chee Kheong, who is currently senior vice-president of Venture' s healthcare and wellness business and its global supply base management and IT division.
 
The changes will take effect from Jan 1, 2022.
 
Venture also announced the creation of two panels comprising specialists in selected fields to help the group chart its strategic direction.
 
A so-called " panel of experts" , comprising distinguished scientists and engineers, will help guide the group' s research and development initiatives. A separate " panel of advisors" will support Venture' s investment committee on business planning and strategic initiatives to, among other things, evaluate viable investments.
 
With these moves, Venture appears to be preparing itself for a future when Wong Ngit Liong, 80, will no longer be around.
 
In the meantime, Venture said he is to remain its executive chairman - a role that will be " critical" in setting its direction.
 
Wong Ngit Liong will " remain accessible to share his wisdom, tap on his connectivity and draw on his enduring experience in the constantly evolving technology space," Venture said on Nov 3, adding that Wong Ngit Liong will support Lee to " grow into his new role as CEO" and to enhance Lee' s leadership of the group.
 
" As chairman, Mr Wong Ngit Liong will continue to provide stewardship and strategic direction to the board fostering effectiveness and engagement to deliver sustained long-term growth for Venture promoting high standards of corporate governance encouraging constructive participation between members and making sure that the paramount interests of all stakeholders are adequately evaluated and considered," the company added.
 
Strong past performance
 
The leadership transition now unfolding at Venture is likely to have investors on tenterhooks.
 
Venture is perhaps one of the greatest success stories of the Singapore market, and Wong Ngit Liong has been its principal driving force.
 
Two decades ago, Venture derived almost all its revenue from providing electronic manufacturing services to companies in the printing and imaging, computer peripherals, and networking communications sectors.
 
Today, it also claims expertise in such cutting-edge fields as life science, genomics, molecular diagnostics and medical devices.
 
Shareholders of Venture have prospered enormously too. Over the last 10 years (until Nov 12) - the recent pandemic-related supply chain disruptions notwithstanding - the company' s shares have delivered a total return of 371.2 per cent on a dividends reinvested basis.
 
This was far in excess of the Straits Times Index' s total return of 63.5 per cent. It also beat the S& P 500 Index' s total return of 352.5 per cent.
 
Time for a deal?
 
While there is no reason to believe that Wong Ngit Liong' s successors will not capably assume the mantle when the time comes, Venture' s shareholders will probably appreciate the opportunity to cash in their holdings before then.
 
Interestingly, Wong Ngit Liong bought 200,000 Venture shares in the market on Nov 8 for S$3.8 million, which works out to an average price of S$18.728 per share. Following the purchase, he held 20.6 million Venture shares.
 
The last time he purchased Venture shares in the market was on Sep 12, 2017, when he bought 400,000 shares for just over S$6.1 million, or S$15.255 per share.
 
Venture' s share price was in the midst of a major rally at the time, fuelled by sharply rising earnings. The stock had climbed from less than S$10 at the beginning of 2017, and would eventually hit S$28.80 in April 2018.
 
Then the short-selling attack happened, badly affecting confidence in Venture and resulting in its shares losing more than half their market value by the end of 2018.
 
It' s worth pointing out that Venture' s profitability, which increased substantially in 2017, did not fall back until the pandemic happened in 2020.
 
Venture reported earnings of S$108.7 million for 2016, S$361.5 million for 2017, S$370.1 million for 2018, and $363.1 million for 2019.
 
For 2020, Venture' s earnings declined to S$297.3 million as a result of pandemic-related disruptions to the group' s production capacity and supply chains.
 
For the first 9 months of 2021, Venture reported earnings of S$217.4 million, up slightly from the S$210.7 million chalked up during the corresponding period in 2020.
 
Venture' s board should consider to what extent Venture' s stock price volatility over the last few years is weighing on the market valuations of the company' s public-listed shares, and whether it will get worse once the stabilising presence of Wong Ngit Liong is gone.
 
With Venture' s earnings likely to improve as the pandemic abates, and Wong Ngit Liong' s share purchases signalling the stock might be attractively priced, openly exploring the possibility of obtaining offers from private equity investors might provide an additional tailwind for the stock in the months ahead.
 
It might also result in a deal that satisfies Wong Ngit Liong as well as the many shareholders of Venture who have had the good fortune of riding along with him all these years.
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tongphlp
Supreme |
18-Nov-2021 06:55
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Venture' s board should explore taking firm private as it prepares for founder' s exitTHU, NOV 18, 2021 - 5:50 AM
 
  UPDATED THU, NOV 18, 2021 - 5:50 AM
VENTURE Corporation should provide its shareholders with an opportunity to cash out at a premium to market price as it prepares for a future without its founder Wong Ngit Liong at the helm. |
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tongphlp
Supreme |
17-Nov-2021 15:20
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Venture Corp: the upside prevails as long as 18.7 is support - DYODD16 Nov 2021 21:48
Our preference: the upside prevails as long as 18.7 is support.
Our pivot point is at 18.7. Our preference: the upside prevails as long as 18.7 is support. Alternative scenario: the downside breakout of 18.7 would call for 18 and 17.7. Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 19 and 18.5462). Supports and resistances: 20.1 |
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