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Venture
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lucky168
Veteran |
10-Dec-2009 21:21
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can Venture ever be re-elected back to STI components stock??? will wait for the day!!! |
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ongkk96
Member |
10-Dec-2009 10:09
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when HP relocate, venture to lose all the business with them? | ||||
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tanh2l
Veteran |
07-Dec-2009 18:29
Yells: "Outcome is the proof to all brilliant processes." |
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cheonging, gd uptrend | ||||
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tanh2l
Veteran |
04-Dec-2009 15:47
Yells: "Outcome is the proof to all brilliant processes." |
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time for some windfall after stocking up from the last few weeks of downtrend:) | ||||
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nickyng
Supreme |
01-Dec-2009 14:24
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ok....i think it has dropped quite substantially for a while....looks attractive now? :P | ||||
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tanh2l
Veteran |
26-Nov-2009 14:42
Yells: "Outcome is the proof to all brilliant processes." |
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hehe...waiting to spread the net:) | ||||
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nickyng
Supreme |
26-Nov-2009 14:38
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this is the beginning of its new DOWN TREND ! :D | ||||
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tanh2l
Veteran |
26-Nov-2009 14:28
Yells: "Outcome is the proof to all brilliant processes." |
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been getting down past few weeks | ||||
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limkt009
Veteran |
21-Oct-2009 14:46
Yells: "Watch your front, grab $$$$$ at your own time" |
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Venture move up so much today....always pay good div. | ||||
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el7888
Veteran |
07-Aug-2009 20:12
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limkt009
Veteran |
04-Aug-2009 11:31
Yells: "Watch your front, grab $$$$$ at your own time" |
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Next to 'cheong' after Creative. | ||||
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daphnecsf
Senior |
22-Jul-2009 21:39
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Venture Corporation (DBS 22nd July 2009 )
 Stronger momentum boosts upside
• Seasonality buildup will drive quarterly sequential growth until 4Q09.
• Full turnkey will compress margin near term but create value for the long term.
• Upgrade to Buy with revised TP of S$9.40. In tandem with a higher profit forecast and a rollover to
average valuation peg of 15x PER |
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tanglinboy
Elite |
05-Jun-2009 16:41
Yells: "hello!" |
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Slowly climbing up. | ||||
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cathylmg
Elite |
27-May-2009 13:13
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Any idea how is it going for this one? | ||||
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katak88
Senior |
11-May-2009 21:10
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Business Times - 05 May 2009
Venture may be down but it's far from being out By OH BOON PING HOW the mighty have fallen. Last week, Singapore's largest electronics maker Venture Corporation continued to report plunging profits - this time by as much as 50 per cent to $27.7 million for the first quarter of 2009, while revenue sank 23 per cent to $725.5 million - a far cry from the consistent income and revenue growth the company posted in earlier years. But more than just the poor showing is the fact that investor interest in the stock has markedly waned. Since December last year, for instance, major shareholder Franklin Resources has pared its stake from 7.87 per cent to 4.94 per cent. And at the first-quarter results briefing, there were noticeably fewer analysts present, and even fewer reporters, compared with previous briefings. Then, the conference room would be packed with some 20 or so analysts together with five or more financial reporters. No longer. The reversal of fortunes is not surprising given that technology stocks today no longer command the attention that they used to enjoy. The tech bubble burst in 2001 brought about a plunge in the sector's valuations to single-digit levels, and this later attracted a wave of private equity takeovers amid a liquidity-flooded market. As many of the value stocks were taken off the Singapore Exchange, a number of research houses also scaled back on their coverage of the sector. In Venture's case, its fortunes took a dive alongside the crash in the sub-prime housing market, when the group booked losses from writing down its collateralised debt obligations, worth some $118.6 million. That later prompted some analysts to urge caution on the stock, while others said that there were 'hidden gremlins' in Venture's balance sheet. The flagship of Singapore tech sector was dealt a further blow when it lost its status as an index stock under the revised Straits Times Index, which led to the stock falling out of the investment radar screen. However, all is not lost since the company appears to have turned the corner, with fundamentals remaining sound. At the first- quarter briefing, chief executive Wong Ngit Liong pointed out that some customers' forecasts improved during the quarter, and this implies that these players could have over-reacted to the economic downturn and are now restocking their channels. Near term, monthly orders continue to improve after bottoming out during the first two months of 2009, and sequential improvements could continue in the coming quarters. Plus, the management has rightly chosen to focus on value creation for its customers, instead of cutting prices to grow its market share. Despite the higher inventory levels, its balance sheet continued to improve both sequentially and on a year-on-year basis. For example, net cash rose to $304 million despite repayment of some $37 million in borrowings during the period. However, one thing the company should take note of is its disclosure standards. In the past, the group used to provide a breakdown of its revenue among key segments and their year-on-year changes, but such information is no longer available in its stock exchange filings. This is a step backwards, and if Venture is serious about reviving investor interest and confidence in the stock, it should seriously consider releasing such information to the market again. Failure to do so is not just against the spirit of good disclosure, but it also adds to rumours and loose talk. |
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yipyip
Master |
08-May-2009 09:40
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2Q09 outlook cautiously improving. Although management expects 2009 to remain challenging, it also noted that it has seen some improvements in some customers’ forecasts; this has already resulted in monthly improvement in sales since late Feb. VMS will continue to pursue growth through addition of new customers, which we understand will be through its ODM projects – management revealed that there were >25 such projects under development and has made entry into the aerospace sector with a reputable new customer. In the longer term, it targets to develop as many as 10 solution enterprises from its existing operations (mainly those in product marketing and distribution channels) - to enhance its value creation. Potential CDO writebacks. VMS has already almost fully marked down its original S$167.8m CDO2 investment to S$10.9m, and should credit markets improve, we can expect potential writebacks in the next few quarters; however, we prefer to remain conservative and only adjust our numbers if/when it get its full investment back by end Dec. Meanwhile, we believe our FY09 estimates already reflect the still uncertain environment and we will leave them intact until we see more concrete signs of recovery. As such, our fair value remains at S$5.64 (based on 8x FY09F PER). As the stock has run up nearly 25% since our upgrade in March, and the current price exceeds our fair value by 4.7%, we downgrade our rating to HOLD; but we still think that the company remains fundamentally sound and its S$0.50/share dividend payout remains sustainable (8.4% yield). |
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AK_Francis
Supreme |
16-Mar-2009 17:19
Yells: "Happy go lucky, cheers." |
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No other better reason than BBs were around, likewise for d bank, esp UOB, counters n heavy duty ppty stock, just kena push to chiong. What next 2 morrow? Shortists attributed to d px, esp during show time where buying in activities were intense. D most prominent ones is UOB, look at it last Fri n today last an hr trading, madness loh. BTW, BBs still hv plenty of bullets bought in cheap cheap ones.
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NicholasFong
Member |
16-Mar-2009 16:47
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Anybody know what Venture shot up to 4.8+ today. More than 10% hike within a day. Amazing. |
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wongmx6
Veteran |
06-Mar-2009 10:51
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I guess CD of Venture will only appear after the Annual General Meeting on 24 Apr 09 as the proposed Dividend still haven't get the approval. Proposed Div pay date is on 26 May 09. |
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AK_Francis
Supreme |
06-Mar-2009 10:21
Yells: "Happy go lucky, cheers." |
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No diff, paper work only. Once its AR is audite n printed dready for distribution for d coming AGM/EGM, CD prefix definitely will be at SGX page, likewise for other stocks. To date there were hundred over coy had announced their respective FY result, but u still would't see its stock prefix, ie Golden Agri for Bonus Issue, but alrdy got stock heated up liao. Brother, jangan tension, relax lah. Today is Fri leh. Cheers.
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