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Thanks Francis.
But I would more concern when it will be placed in 'CD' status in sgx? any idea?
Greatly appreciate ur advice.
Go to SGX.com.sg, select d counter, select d Past Bonuses, Div etc, all there. Use this in future.
Nonetheless, X 5 May, pay 20 May, 50cts.
NicholasFong ( Date: 06-Mar-2009 09:18) Posted:
Hi all
Do u know when this counter is going to be 'CD'? Kindly please advise.
Thanks.
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Hi all
Do u know when this counter is going to be 'CD'? Kindly please advise.
Thanks.
Venture is d contract manufacturing, out sourcing coy. It very much relies on orders n export biz.
That gentleman, said Spore economy will only awake if d global economy jump start first, esp the world biggest comsumer, US.
Henceforth, as US is d biggest client of Venture, it kena pouring cold water by d abovementioned.
nickyng ( Date: 05-Mar-2009 15:40) Posted:
aya...reaction to wat MM has said abt drop of 8% in GDP lah...as this burger is export orientated mah....so....hee :D
miketeo3 ( Date: 05-Mar-2009 15:30) Posted:
| Wah,.. 30cents drop today, what happen?? |
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aya...reaction to wat MM has said abt drop of 8% in GDP lah...as this burger is export orientated mah....so....hee :D
miketeo3 ( Date: 05-Mar-2009 15:30) Posted:
| Wah,.. 30cents drop today, what happen?? |
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Wah,.. 30cents drop today, what happen??
If dow green tonite , this may one of the rocket stock tomoro...
Sheeeee..... talk softly..... my boss said this one no good....
JiBao... can keep warm warm.... dun tell anyone hor.... hehe....
Venture Q408 dives 94%
By WINSTON CHAI
Continued losses from its CDO (collateralised debt obligation) investments and a weakening electronics sector dragged Venture Corporation's net income down by 93.9 per cent in the fourth quarter of 2008.
The contract manufacturer on Thursday reported a Q4 net profit of $4.6 million, a steep decrease from $75.2 million last year. Sales for the three months ended Dec 31, 2008 was down 5.9 per cent $9.06 billion.
For the full-year, Venture's net income dived 44.6 per cent to $167.5 million, from $302.7 million in 2008.
Mark to market charges of $114.5 million, coupled with a $6.3 million impairment charge for one of its associates, were cited as the main reasons for sharp profit decline. The company's 2008 revenue slid 2.3 per cent to $37.8 billion.
It is proposing a final dividend of 50 cents per share, down from the 58 cents it paid out to shareholders last year.
50 cents of DIV, attractive yield.
Up or down ... if explosive breakthru occurs ....jialat man with pessimism surrounding us.
singaporegal ( Date: 17-Feb-2009 22:20) Posted:
Nothing much has changed. The longer a counter stays in a tight band, the more explosive the breakout when it happens.
lucky168 ( Date: 11-Feb-2009 22:46) Posted:
| singaporegal, this stock has been in very tight band since the last time you mentioned.... any further comments now? |
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Nothing much has changed. The longer a counter stays in a tight band, the more explosive the breakout when it happens.
lucky168 ( Date: 11-Feb-2009 22:46) Posted:
| singaporegal, this stock has been in very tight band since the last time you mentioned.... any further comments now? |
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19 Feb 09 will be its Financial report date.
singaporegal, this stock has been in very tight band since the last time you mentioned.... any further comments now?
Looks attractive ... Up or down???
Singaporegal .... Happy Niu Year....
Cheers.
singaporegal ( Date: 22-Jan-2009 22:02) Posted:
| Bands are still very tight.
The longer they remain in this mode, the larger the volatility when it happens. |
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Now a days, This counter is very quite, I guess quite Counter is better and Hot topic Counters. Now this counter is trading way below its NTA. Next Financial Report will be very crucial for its to rebound as i have trusted this Counter since year of 2003. In Technology Sector, he is the Best at Singapore.
Bands are still very tight.
The longer they remain in this mode, the larger the volatility when it happens.
Bollinger bands are pretty tight. Large price movements may occur soon.
However, direction of change is not very clear.
Got this from another forum.
Venture Corporation – Company update (Gregory YAP 64321450) -KIM ENG SECURITIES
Previous day closing price: $4.78
Recommendation: Hold (maintained)
Target price: $5.55 (reduced from $7.16)
No Christmas joy
Venture does not expect any seasonal uptick in sales this year-end and we would be very surprised if it said it did, given that 4Q08 is shaping up to be the worse quarter on record for the chip industry. According to industry researcher Gartner, semiconductor sales are expected to slump 25% qoq in 4Q08. Sales are expected to fall 4.4% in the full year and a further 16% in 2009.
Watch out for inventory red flag
In 3Q08, Venture’s inventory surged 13% yoy and 10% qoq to $680m or 64 days, the highest quarter since 2005. We would be very concerned if inventory continued to climb in 4Q08 as it could signal worse quarters ahead. Recently, iSuppli signalled that the excess global stock of chips is expected to balloon almost 3x qoq in 4Q08 as production schedules have been rapidly slashed during the quarter.
Full CDO writedown now factored into FY08 forecast
Despite still holding almost $91m of CDO exposure on its books (after providing 46% of host value of $167.8m), we expect CDO2 to become less and less of a concern as its Dec 2009 maturity nears. This being the year-end, we expect Venture to completely write down the remaining exposure in order to start 2009 on a clean slate. We have factored this into our revised FY08 forecast of S$123m (-41% from previous forecast).
Lowering 2009 forecasts as well
In addition, we have lowered our revenue and margin expectations for 2009 to reflect a weaker demand outlook as consumers downgrade from premium to value products and higher pricing pressure as customers seek to cost-down. We now project earnings of $190.6m (-22% from previous forecast).
No change to HOLD recommendation
Although there is no doubt Venture is a financially strong, capably managed company trading at depressed valuations (0.7x book, 6-7x FY09F EPS) and a high dividend yield (>10%), we would stay neutral to the stock. Clearly where technology is concerned, even value investing can be precarious. While the de-rating of tech stocks is already several years old, the current economic crisis could prolong it even further.
Electronics industries may not look bright in days to come n even weeks or mth.
Though Ventures looked good last few days, does it give the feel that it will chiong?
If got players around, u may make some kopi $, if not think twice loh.
bh704428 ( Date: 29-Nov-2008 10:49) Posted:
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Any TA guy here wanna share his view's on Venture's likely price direction for the next few days?
Some one told me 1 brokerage call for a TA buy when it was $3.95 recently, suggesting upside in near-term???
Btw, I just realized Venture did rebound from it's Oct 28th low to an intraday high of $7 in the following days. But it's now still languishing near it's lows whereas the banks have oredi rebounded well above their recent lows.
mikewb21 ( Date: 27-Nov-2008 11:35) Posted:
| Aberdeen and Fidelity has been buying this baby, i am long for this counter. Vested.. |
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