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2022 Venture Corporation - A Year Of Recovery
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Luckygal
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09-Jul-2024 11:41
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The chart looks good. Powering up.  | ||||
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tongphlp
Supreme |
09-Jul-2024 11:28
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interesting....
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MambaFinancial89
Veteran |
08-Jul-2024 20:16
Yells: "Be greedy when others are fearful. " |
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Silchester added to its position as per the SGXNet announcement which was just released. Excellent. Buckle up. #DYODD | ||||
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Fiat500
Veteran |
08-Jul-2024 15:27
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Let's hope this is not a 1 day breakout..@ least it has to stay above 15 bucks this round!
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Luckygal
Member |
08-Jul-2024 10:23
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Finally it' s stirring... | ||||
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MambaFinancial89
Veteran |
04-Jul-2024 15:39
Yells: "Be greedy when others are fearful. " |
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Think the Board might be sleeping as well as they announced a significant buyback programme last year which has barely been used. Do they not see value at these prices? Scary. #DYODD
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Luckygal
Member |
04-Jul-2024 10:04
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Why is this giant still sleeping? | ||||
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MambaFinancial89
Veteran |
21-Jun-2024 13:49
Yells: "Be greedy when others are fearful. " |
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CGS International sees better 2HFY2024 revenue for Venture Corp, keeps target price unchanged CGS International analyst William Tng is keeping his ADD call and target price of $15.93 unchanged on Venture Corporation as the company guided for its 2QFY2024 revenue to improve q-o-q and 2HFY2024 revenue to improve h-o-h. Tng writes in his June 20 report: Venture also commented in its 1QFY2024 business update that it is onboarding new customers in electronics manufacturing service, precision engineering and ventech group businesses, including customers in the medtech and lifestyle sectors, as well as promising technology domains. Additionally, Tng notes that based on customers feedback, the company also sees demand strengthening in several technology domains for the rest of FY2024.  He continues: In its 1QFY2024 business update meeting, Venture also commented that its new Batu Kawan facility could add an additional 10% to the groups total floor area and that the company is exploring with customers to gradually commence production at this new factory. Meanwhile, customer concentration risk has increased for Venture, as Tng points out that Venture has two major customers each accounting for more than 10% of revenue in FY2023 versus one such customer in FY2022. The analyst adds that the rise of artificial intelligence (AI) data centres will lead to a demand for networking-related components and modules used in data centres, which could benefit Venture, as the company supplies such components to American semicon players Broadcom, Marvell Technology and Lumentum Holdings. Overall, Tng expects to see a resumption in earnings per share (EPS) growth in the FY2024 to FY2026 as customers orders increase. The analyst also sees share price support from its 5.40% dividend yield over the same period. Tngs unchanged target price is still based on 14.6 times Ventures expected FY2025 P/E, or at its 15-year average. Re-rating catalysts noted by him include new product launches by customers and better-than-expected revenue opportunities over FY2024 to FY2026 as further business opportunities arise from companies keen to diversify their production orders from China to Malaysia. Conversely, key downside risks include potential supply chain disruptions affecting the availability of parts and components, labour shortages potentially lowering its production output and a worsening global economic outlook potentially further reducing orders from customers. As at 11.40am, shares in Venture Corporation are trading 11 cents higher or 0.79% up at $14.11. |
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Asdfgh101
Member |
19-Jun-2024 13:30
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Seems Blackrock sold and bought back with Silchester and Ameriprise also buying...but share price as usual is not moving | ||||
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Alignment
Elite |
08-Jun-2024 21:02
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Ameriprise and Silchester are very different types of institutions. | ||||
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ruanlai
Elite |
30-May-2024 11:56
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https://www.theedgesingapore.com/capital/insider-moves/ventures-second-largest-shareholder-ameriprise-trims-stake-silchester-emerges | ||||
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Alignment
Elite |
23-May-2024 12:39
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Silchester is a very successful long only active investment manager that invests for the long term. In contrast, Blackrock has many different buckets of capital with different strategies. If I was investing in a company and Silchester suddenly popped up as a fellow investor I would see that as a big positive. Blackrock not so much.   |
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tongphlp
Supreme |
21-May-2024 16:05
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Blackrock is another major SSH if I am not wrong
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tongphlp
Supreme |
21-May-2024 08:51
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do they know something which we dont?
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MambaFinancial89
Veteran |
20-May-2024 17:46
Yells: "Be greedy when others are fearful. " |
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Very interesting, Silchester International has just crossed the 5% mark to become a substantial shareholder. Another of Silchester' s investments is Comfort Delgro where they also hold more than 5%. Guess ang mo value funds are seeing such low valuations here and starting to scoop.  | ||||
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MambaFinancial89
Veteran |
15-May-2024 10:44
Yells: "Be greedy when others are fearful. " |
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Dear Venture Corp IR. Please update on the status of the announced 10m share buyback plan on 30 Nov 2023. It appears that management has forgotten about this initative to enhance long-term shareholder value. Thank you.  | ||||
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ruanlai
Elite |
08-May-2024 10:24
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$14 soon with no turning back. dyodd |
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tongphlp
Supreme |
07-May-2024 16:54
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yes..way past its prime
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MrBear12
Supreme |
07-May-2024 15:45
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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VentureCorp is probably past its prime. Its dividend is still a draw. But as many forumers here have correctly noted, don' t buy it just to collect dividend. |
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chubbybastard
Member |
07-May-2024 15:41
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Watch the share price drop till $11. Typical cycle for venture corp.
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