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Very attempting, $8 only, do you think this is a good entry price (For medium to long term)?
DOW futures is 120+ now. Can buy Venture tomorrow?
Wah... venture fall a lot in the past 2 weeks. The recent high was just 2 weeks ago at 10.92.
What has been happening?
coy will tell story on 6 Aug.
main business, contract mfr for the global electronics industry. it provides outsourcing platforms.
1Q 08 profit down 20.3 % due to fair value adjustment on CDOs of 20.7m. Cautiously optimistic for rest of the yr. Coy said revenue growth would be impacted by if further fall in US$,as coy main dealing is with US. Nsdaq is the pointer for Venture.
2th Quarter is going to be announced sometime in August.
This is more relevant to the 1Q2008
VENTURE REPORTS REVENUE OF S$939.1m FOR THE QUARTER
AND PROFIT AFTER TAX OF S$56.7m
AFTER CDO-RELATED MTM ADJUSTMENT OF S$20.7mSINGAPORE, 23 APRIL 2008 – Venture Corporation Limited (“Venture”, “Company” or the “Group”) registered revenue of S$939.1 million for the quarter ended 31 March 2008. This represents a 3.1% drop year-on-year. However in US dollar terms, the revenue would have expanded by 4.5% over the corresponding quarter of 2007.
For the first quarter of 2008, the Group reported a Profit After Tax (“PAT”) of S$56.7 million, a decline of S$14.4 million or 20.3% year-on-year. This was mainly due to fair value adjustment (“Mark-to-Market” or “MTM”) on Collaterised Debt Obligations (“CDOs”) which amounted to S$20.7 million.
Diluted EPS is 20.5 cents for the quarter ended 31 March 2008 compared to 25.9 cents for the corresponding quarter of 2007.
PERFORMANCE REVIEWFor the first quarter this year, revenue for the Retail Store Solutions & Industrial Products segment grew 22.0% compared to the same period last year. This growth was the result of increased Original Design Manufacturing activities, new product launches and larger market share.
During the quarter, revenue for the Printing & Imaging segment declined 19.7% mainly due to slower than expected ramp to several product launches. Whilst these product programmes fell below expectations in the first quarter, positive business momentum was noted towards the end of the quarter.
The remaining three segments (Networking & Communications, Computer Peripherals & Data Storage and Test & Measurement/Medical/Others) witnessed volume growth. However the steep decline in US dollar against the Singapore dollar dampened revenue contributions from these segments.
Notwithstanding the decline in US dollar against the Singapore dollar and a somewhat restrained market in the first quarter of the year, the Group managed to sustain revenue above S$900 million. Sequentially, the revenue line had remained within the revenue band of S$900 – S$1,000 million for five consecutive quarters.
Mr Wong Ngit Liong, Chairman and CEO of Venture, said, “I am pleased with the operational performance of all our business units. The Group sustained operational excellence on all key performance parameters including quality, delivery and cost management. Venture continued to receive top performance rating from our customers. Our drive to strengthen our technology, innovation and excellence remains unabated.”
OUTLOOKThe Group will continue to focus on implementing ongoing corporate initiatives and actively manage its business portfolio and customer accounts. Market outlook among key customers remains encouraging.
For the rest of the year, although the Group is cautiously optimistic, revenue growth will be impacted by any further decline of the US dollar.
teeth53 ( Date: 31-Jul-2008 21:31) Posted:
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Thk Qs .....just 1 2 know where is this web site. Venture closed off higher.....
| Venture |
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11.020 |
10.900 |
+0.120ct |
+1.1% |
Vol:1,240,000 |
2,000 |
10.900 |
10.980 |
35,000 |
11.120 |
10.900 |
xingglobal ( Date: 16-Feb-2008 18:30) Posted:
Singapore's Venture profit falls on investment losses
By Jennifer Tan
SINGAPORE, Feb 15 (Reuters) - Contract electronics firm Venture (VENM.SI: Quote, Profile, Research) posted a 5 percent slide in quarterly earnings on Friday, hit by losses from its investment portfolio, and warned that business may be tough in the year ahead. But Venture, Singapore's second-largest contract electronics maker after Nasdaq-listed Flextronics International Ltd (FLEX.O: Quote, Profile, Research), said that in spite of the fickle economic and financial environment, the motivation to outsource manufacturing remained strong for many U.S. and European companies.
"The environment will probably remain challenging for at least the first half of this year," Venture Chief Executive Wong Ngit Liong told a media and analyst briefing.
"We can help these companies achieve cost reductions."
The company's stock has been hammered by investor fears that a U.S. recession will crimp consumer demand, but most analysts are optimistic that the its focus on higher margin products such as health-monitoring gadgets would provide a buffer from the worst of the economic slowdown.
Venture said that its marked-to-market losses from collateralised debt obligations, or CDOs, amounted to S$16.2 million in 2007.
The company earned S$74.3 million ($52.6 million) for the three months ended December, compared with S$78.3 million in the same period a year ago.
The results were slightly above a mean net profit estimate of S$73.4 million from three analysts polled by Reuters.
For 2007, Venture reported net profit of S$300 million, up 25 percent from 2006 and in line with a mean net profit estimate of S$299 million from 14 analysts polled by Reuters Estimates.
Venture makes printers for Hewlett-Packard Co Ltd (HPQ.N: Quote, Profile, Research), the world's largest computer and printer maker, which accounts for about a quarter of the Singapore's company's sales.
It also produces hard drives for computer storage firm Iomega Corp (IOM.N: Quote, Profile, Research) and networking devices for electronics and testing equipment maker Agilent Technologies Inc (A.N: Quote, Profile, Research).
Other products include radio-frequency communication products, handheld devices, health-monitoring equipment and vehicle safety sensors.
Last month, Flextronics posted a quarterly profit that beat expectations and stuck to its earnings forecasts, buoyed by robust demand for products such as LCD TVs, digital cameras and MP3 players.
Venture shares fell 22 percent in the October-December quarter, compared with a 7.9 percent gain in rival Flextronics stock and a 18 percent fall in Taiwan's Hon Hai Precision Industry Co Ltd (2317.TW: Quote, Profile, Research). (Reporting by Jennifer Tan; Editing by Jan Dahinten) |
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Thk Qs .....just 1 2 know where is this web site. Venture closed off higher.....
| Venture |
|
|
11.020 |
10.900 |
+0.120ct |
+1.1% |
Vol:1,240,000 |
2,000 |
10.900 |
10.980 |
35,000 |
11.120 |
10.900 |
xingglobal ( Date: 16-Feb-2008 18:30) Posted:
Singapore's Venture profit falls on investment losses
By Jennifer Tan
SINGAPORE, Feb 15 (Reuters) - Contract electronics firm Venture (VENM.SI: Quote, Profile, Research) posted a 5 percent slide in quarterly earnings on Friday, hit by losses from its investment portfolio, and warned that business may be tough in the year ahead. But Venture, Singapore's second-largest contract electronics maker after Nasdaq-listed Flextronics International Ltd (FLEX.O: Quote, Profile, Research), said that in spite of the fickle economic and financial environment, the motivation to outsource manufacturing remained strong for many U.S. and European companies.
"The environment will probably remain challenging for at least the first half of this year," Venture Chief Executive Wong Ngit Liong told a media and analyst briefing.
"We can help these companies achieve cost reductions."
The company's stock has been hammered by investor fears that a U.S. recession will crimp consumer demand, but most analysts are optimistic that the its focus on higher margin products such as health-monitoring gadgets would provide a buffer from the worst of the economic slowdown.
Venture said that its marked-to-market losses from collateralised debt obligations, or CDOs, amounted to S$16.2 million in 2007.
The company earned S$74.3 million ($52.6 million) for the three months ended December, compared with S$78.3 million in the same period a year ago.
The results were slightly above a mean net profit estimate of S$73.4 million from three analysts polled by Reuters.
For 2007, Venture reported net profit of S$300 million, up 25 percent from 2006 and in line with a mean net profit estimate of S$299 million from 14 analysts polled by Reuters Estimates.
Venture makes printers for Hewlett-Packard Co Ltd (HPQ.N: Quote, Profile, Research), the world's largest computer and printer maker, which accounts for about a quarter of the Singapore's company's sales.
It also produces hard drives for computer storage firm Iomega Corp (IOM.N: Quote, Profile, Research) and networking devices for electronics and testing equipment maker Agilent Technologies Inc (A.N: Quote, Profile, Research).
Other products include radio-frequency communication products, handheld devices, health-monitoring equipment and vehicle safety sensors.
Last month, Flextronics posted a quarterly profit that beat expectations and stuck to its earnings forecasts, buoyed by robust demand for products such as LCD TVs, digital cameras and MP3 players.
Venture shares fell 22 percent in the October-December quarter, compared with a 7.9 percent gain in rival Flextronics stock and a 18 percent fall in Taiwan's Hon Hai Precision Industry Co Ltd (2317.TW: Quote, Profile, Research). (Reporting by Jennifer Tan; Editing by Jan Dahinten) |
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To touch below $7.52 is ridiculous, its not going to happen.
lucky 168 n xingglobal opinions make sense.
The exposure will make Venture to touch below $7.52...
lucky168 ( Date: 21-Jun-2008 22:03) Posted:
last friday dow plunged due to financial stocks problems again, another writedowns issue, CDO, etc etc...
venture is also exposed to CDO problems, so I think there is more downside pressure to it in near term. |
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last friday dow plunged due to financial stocks problems again, another writedowns issue, CDO, etc etc...
venture is also exposed to CDO problems, so I think there is more downside pressure to it in near term.
good 4 shorting tis monday????
UOB KayHian trims Venture Corp target price to $13.50 from $14.10 after cutting FY08-09 revenue estimates 6%, 5% respectively. "In light of the current uncertain market conditions, we are conservative on Venture's whole year forecast." Forecasts 2Q08 revenue to remain flat vs 1Q08. However, keeps at Buy. "We like Venture as its design capabilities help company add more value to the production chain, essentially implying higher entry barriers for potential competitors."
other than hitting $7.52 on 22 Jan, this is one of the lowest prices it ever reached.
AK_Francis ( Date: 13-Jun-2008 00:53) Posted:
| below 10 is an attractive price for long. but still need to monitor for a while to see its bottom. |
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below 10 is an attractive price for long. but still need to monitor for a while to see its bottom.
mmmm....recovering quite nicely, 9.73 now...cheers!
This one @9.63 can just hoot.....beri cheap liao!!! I mean LONG!!!
shorting 2morrow????
nickyng ( Date: 23-May-2008 11:30) Posted:
wah...down 36cts today...who say SHORTING not possible? hee..was thinking of contra on this burget at 10.78...lucky no action...sinking still hee...
cheers !! :P SHORT ?!? hee... |
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shorting 2morrow possible?????
nickyng ( Date: 23-May-2008 11:30) Posted:
wah...down 36cts today...who say SHORTING not possible? hee..was thinking of contra on this burget at 10.78...lucky no action...sinking still hee...
cheers !! :P SHORT ?!? hee... |
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from pstv 45, now dow ngtv.....tis counter shortists' day again 2morrow???????????
if dow closes ngtv 2morrow, then cheers 2 shortists again tis counter????
