Flex

Venture kept at 'sell' by UOB on grimmer production outlook

SINGAPORE (Dec 6): UOB KayHian is maintaining Venture Corp at “sell” given increasing risk production share of IQOS (I quit ordinary smoking) devices could be shifted away to another contract manufacturer by Philip Morris which is seeking to improve economics.

In a Thursday report, analyst Foo Zhi Wei says UOB channel checks into the IQOS supply chain indicate that the second manufacturer, Flex has reached the supplier concentration limit for Philip Morris although UOB was not able to ascertain as to whether Venture has similarly hit a production ceiling.

Singapore's largest company by market cap eyes US$105 bil takeover deal

SINGAPORE (Nov 17): Most Malaysians and Singaporeans may not have heard of Penang-born Tan Hock Eng, 65, CEO of Singapore-based, San Jose-run, communications chip firm Broadcom.

Tan was a long-time Singapore permanent resident and ran a venture capital firm here between 1988 and 1992 before he relocated to the US.

See also: Broadcom's Tan got his way on deals; then he targeted Qualcomm

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