Latest Forum Topics / Venture Last:13.88 +0.02 | Post Reply |
2022 Venture Corporation - A Year Of Recovery
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Alignment
Master |
02-Oct-2024 22:05
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Not sure what you are talking about. Which analysts? DBS has a buy recommendation with a $16.40 price target.
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ruanlai
Elite |
02-Oct-2024 12:55
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Analysts recommend sell, fair value $13 dyodd   |
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Joelton
Supreme |
02-Oct-2024 11:55
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Venture Corp appoints Wong Chee Kheong as group CEO
In his new role, Wong will provide leadership to all business units within the group, as well as drive its strategy and direction
 
TECHNOLOGY company Venture Corporation has named Wong Chee Kheong, 62, as its group chief executive officer (CEO) effective Nov 1.
 
In his new role, Wong will provide leadership to all business units within the group, as well as drive its strategy and direction, said Venture on Tuesday (Oct 1).
 
Welcoming the appointment, Venture&rsquo s executive chairman Wong Ngit Liong is confident that Wong Chee Kheong&rsquo s &ldquo substantial technical knowledge, close relationship with key customers and alignment with Venture&rsquo s values&rdquo will drive the success of the group.
 
Wong Ngit Liong led the Venture Group as managing director from 1989, and then as CEO until the end of 2021.
 
Separately, Venture also announced that the CEO of its technology products and solutions group Lee Ghai Keen will resign on Oct 31 due to personal reasons. He will remain with the company for a period of time to facilitate a smooth transition, said Venture.
 
Lee was appointed CEO of the technology and solutions group in June last year after a restructuring of the company&rsquo s main business groupings. The group comprises various businesses, including life-science and genomics, as well as precision engineering.
 
At the same time, Wong Chee Kheong took charge of the other business segment that was created following the restructuring.
 
The advanced manufacturing and design solutions group designs and manufactures electronic products for the healthcare, luxury lifestyle and wellness industries. It also makes semiconductor-related equipment and modules.
 
Wong Chee Kheong joined Venture in 2003 and has worked in departments such as product development and manufacturing, as well as IT and global supply base management. He also served as Venture&rsquo s chief operating officer from January 2022 to May 2023.
 
He graduated from the National University of Singapore with a first class honours in electrical engineering.
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minichart
Member |
27-Sep-2024 09:46
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Venture Corporation Limited Honored with Prestigious Supplier Excellence Award from Lam Researchhttps://www.minichart.com.sg/2024/09/27/venture-corporation-limited-honored-with-prestigious-supplier-excellence-award-from-lam-research/ |
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ruanlai
Elite |
26-Sep-2024 19:39
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Tmr gap up $14.50 Naq future up 300 dyodd |
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MambaFinancial89
Veteran |
26-Sep-2024 14:58
Yells: "Be greedy when others are fearful. " |
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Reported in the news today that Singapores factory output surprised with a 21% jump in August electronics surged almost 50%. Signals are pointing to momentum of a stronger 2H24 vs 1H24 for Venture, as the company had guided. Just wondering where the buybacks went.  | ||
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MambaFinancial89
Veteran |
03-Sep-2024 09:36
Yells: "Be greedy when others are fearful. " |
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Singapore' s PMI improves in August to post highest reading in three years. 12th straight month that it remained in expansionary territory. Company continues to buy back shares. 2H24 expected to be higher than 1H24. Institutional buyers continue to scoop. Hope share price performance starts to improve.  | ||
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Alignment
Master |
24-Aug-2024 13:42
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They really like, just keeps buying. Good sign. | ||
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Joelton
Supreme |
16-Aug-2024 11:22
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Venture Corp&rsquo s substantial shareholder ups stake to 7.07%
UK-based fund manager Silchester International Investors has upped its stake in Venture Corporation V03 0.07% to 7.07% from 6.99% previously.
 
Silchester, on Aug 13, bought 243,700 shares from the market for a total of $3.4 million or $13.897 per share.
 
On July 4, Silchester bought another 480,000 shares from the market for $6.8 million or $14.194 per share.
 
The fund manager is also the substantial shareholder of ComfortDelGro C52 0.7% . It increased its stake in the transport operator to 8.01% on Aug 6 when it bought 2.35 million shares for $3.23 million or $1.377 per share.   
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MambaFinancial89
Veteran |
07-Aug-2024 10:03
Yells: "Be greedy when others are fearful. " |
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Feel that boring is good in this environment. No negative surprises. 
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Joelton
Supreme |
07-Aug-2024 08:30
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Venture Corp H1 profit down 11.7% to S$123.7 million on lower revenue, demand
Revenue for H1 was down 12.5 per cent to S$1.4 billion from S$1.6 billion, due to softer demand in the first quarter of 2024
 
TECHNOLOGY solutions provider Venture Corporation : V03 -0.28% reported a net profit of S$123.7 million for the first half of the year ended Jun 30, down 11.7 per cent from S$140 million in the corresponding period a year ago.
 
In a bourse filing on Tuesday (Aug 6), it proposed an interim dividend of S$0.25 per share, unchanged from H1 2023&rsquo s interim dividend, to be paid on Sep 12.
 
Revenue for H1 was down 12.5 per cent to S$1.4 billion from S$1.6 billion, due to softer demand in the first quarter of 2024. The lower revenue was also in tandem with changes in finished goods, work in progress and decreased raw materials used, it said.
 
Net profit margin stood at 8.9 per cent for H1, compared to 8.8 per cent for the first half of 2023, driven by its differentiated capabilities and a tight focus on cost optimisation, said the company.
 
Venture&rsquo s expenses for employee benefits for H1 decreased year-on-year, driven by reduction in subcontract labour, overtime charges and headcount leading to lower salaries, while research and development expenses were lower in this first half, due to customers requirements.
 
Foreign currency exchange gains for H1 were higher year on year, attributed to active monitoring of foreign exchange risk and execution of astute forex management strategies, said Venture.
 
Other operating expenses were lower year on year due to decrease in utilities, manufacturing overheads, and repairs and maintenance cost. Investment revenue improved in H1 driven by strong net interest income growth due to the company&rsquo s higher net cash coupled with favourable interest rates.
 
Looking ahead, Venture said it remains proactive in pursuing multiple initiatives to further improve its performance for the second half of 2024. &ldquo These include the onboarding of new customers, new product introduction activities and supporting customers with geopolitical risk mitigation strategies,&rdquo it said.
 
&ldquo Venture continues to invest in expanding its capabilities in targeted technology domains. This will broaden the group&rsquo s value creation pathways for quality growth,&rdquo it added.
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Asdfgh101
Member |
06-Aug-2024 20:13
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Boring set of results...only positives is thr fact management has assured shareholders that 2H2024 results would be better..think ir cuts work for all companies other than banks | ||
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spursfan
Elite |
06-Aug-2024 17:25
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https://links.sgx.com/1.0.0/corporate-announcements/BQYZFH3TNTE3OYX7/814341_Venture%201H2024%20slides.pdf | ||
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Fiat500
Senior |
06-Aug-2024 17:25
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25cts dividends for 1H 2024. | ||
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LoudShout
Veteran |
05-Aug-2024 15:48
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Today meltdown, will see which co does SBB. | ||
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MambaFinancial89
Veteran |
01-Aug-2024 16:53
Yells: "Be greedy when others are fearful. " |
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Just starting, higher returns to come. 
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sinpacent
Member |
01-Aug-2024 16:51
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Broke 52 weeks high 🚀 | ||
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sinpacent
Member |
26-Jul-2024 14:12
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Going forward there?s only one direction, moving up 📈 | ||
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Joelton
Supreme |
26-Jul-2024 12:07
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RHB upgrades Venture Corp to &lsquo buy&rsquo on expected recovery
It previously downgraded the counter on account of customers destocking
 
RHB on Thursday (Jul 25) upgraded Venture Corporation : V03 +0.47% to &ldquo buy&rdquo from &ldquo neutral&rdquo , and raised its target price to S$16.50 from S$14.20.
 
The research team expects the group, which provides technology services, products and solutions, to see the tail end of its customers&rsquo destocking phase and recover in FY2025. It previously downgraded the counter on account of the destocking situation.
 
Its new target price implies a potential upside of 10.5 per cent from Venture&rsquo s last trading price of S$14.93 as at 2.08 pm on Thursday. Shares of Venture were up 0.2 per cent or S$0.03 at the time.
 
At $16.50, Venture&rsquo s valuation is 16 times earnings, versus a peer average of 17 times. RHB said the stock is trading at an attractive one standard deviation below its forward price-to-earnings ratio.
 
Additionally, the research team raised its earnings forecast for FY2025 to FY2026 by a further 3 per cent. It previously priced in some recovery and now expects earnings growth of 5 to 7 per cent for the FY2025-26 period, as restocking commences in FY2025.
 
RHB expects longer-term growth to come from new customers in the EMS++ (electronics manufacturing services), precision engineering and Ventech Group businesses, which include customers in medical technology and lifestyle sectors, as well as &ldquo promising technology domains&rdquo .
 
The group previously reported that it expects new businesses from customers relocating closer to its operating locations to mitigate geopolitical risks. It is also offering differentiated and high-value solutions, supported by its manufacturing and research and development capabilities.
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MambaFinancial89
Veteran |
25-Jul-2024 11:00
Yells: "Be greedy when others are fearful. " |
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RHB upgrades Venture Corp to BUY as it anticipates recovery moving into FY2025 RHB Bank Singapore analyst Alfie Yeo has upgraded Venture Corporation to BUY from neutral with a higher target price of $16.50 from $14.20 previously. We think Venture Corp is seeing the tail-end of its customers destocking phase, and anticipate its recovery moving into FY2025, Yeo writes in his July 25 report. The analyst downgraded his rating on Feb 25 due to the continued customer destocking situation, but that is expected to ease in 2H2024. Venture earnings for the 4QFY2023 ended Dec 31, 2023, and the 1QFY2024 were dismal due to weak customer orders stemming from destocking activities. Customer destocking remained evident in the 1QFY2024 although they appeared to be tapered compared to the quarter before. At the time, we continued to expect customer demand to remain subdued going into 1H2024, before a recovery takes place in 2H2024, says Yeo. Some of VMS peers have also experienced similar customer inventory situations earlier on &ndash they were also optimistic on sequential improvement, with customers in certain sectors seeing inventory bottoming out, he adds. Hence, we expect improving customer orders as inventory levels in the supply chain ease going into 2H2024 and FY2025. To this end, Yeo has raised his earnings forecasts for FY2025 and FY2026 by 3%. Before that, the analyst already priced in some form of recovery to take place. As a result, he now sees Ventures earnings to grow by 5% to 7% for FY2025 to FY2026. He also sees a positive longer-term outlook for the stock, as he expects growth to be driven by new customers in the electronics manufacturing services (EMS), precision engineering and Ventech Group businesses. New businesses as well as Ventures differentiating and high-value solutions are also catalysts to the groups growth in the longer term. Venture peers currently trade at 17 times forward P/E, while its current mean P/E is at 16 times. Since we have turned more positive on Ventures earnings prospects, we now peg our valuation at 16 times blended FY2024 &ndash FY2025 P/E (from 14 times). This results in a higher target price of $16.50, Yeo explains. The 16 times target P/E is also more in line with the peer average. The stock is trading at an attractive -1 standard deviation (s.d.) from the forward P/E mean, he adds. |
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