Illumina

V-shaped recovery needed by Venture to regain investor confidence: CGS-CIMB
SINGAPORE (Feb 12): Venture Corp will need to deliver on its guidance of a V-shaped recovery in 4Q18 to regain investors’ confidence given the unexpected earnings miss in 3Q18, says CIMB-CGS Securities. CIMB-CGS currently estimates 4Q18 net profit of $100.7 million, down 29.6% y-o-y. As at Feb 8, consensus expectations are for 4Q18 net profit of $99.9 million, down 30.2% y-o-y. Venture will ...
Ending 2017 with lumps of coal? Fret not, these may turn into diamonds in 2018
SAN FRANCISCO (Dec 22): Investors saddled in 2017 with the market’s worst performers, including Under Armour and General Electric, may do well to remember as December draws to an end that lumps of coal sometimes turn into diamonds. As investment advisors rebalance clients’ portfolios in the final weeks of the year, the instinct to dump stocks that have been left behind in surging markets - ...
Venture Corp a ‘buy’ on broad-based growth
SINGAPORE (May 2): Maybank Kim Eng is maintaining its “buy” call on Venture Corp after its 1Q results came in above expectations, where net profit rose 36% on-year in a very strong start to the year. 1Q17 net profit accounted for 23% of Maybank’s previous full-year forecast. Historically, 1Q is Venture’s lowest quarter of the year at less than 20% of full-year results. Maybank has ...
CWG, the former Chiwayland, sees 3Q net loss widen to $11.6 mil
SINGAPORE (Nov 7): CWG International, formerly known as Chiwayland International, saw 3Q16 net loss widen more than eight-fold to RMB 56.6 million ($11.6 million) from a loss of RMB 6.4 million in 3Q15. For the quarter to Sept, revenue declined 79% to RMB 118.1 million after fewer units of apartments were handed over to customers as there were no project completions. The group sold an ...
What could lead to even more orders for Venture?
SINGAPORE (Oct 14): Many customers of Venture Corp are large MNCs. Now and then, there may be merger and merger (M&A) deal involving one of its customers. This can be beneficial to the tech manufacturer too.   UOB Kay Hian analyst Jonathan Koh sees opportunities arising from the M&A activities of several Venture customers. For instance, NYSE-listed Danaher acquired air and ...
It's business as usual for this tech company after Brexit
SINGAPORE (July 18): UOB Kay Hian is maintaining its “buy” call for Venture Corporation with a raised target price of $9.82, from $9.25 previously. UOB Kay Hian’s analyst, Jonathan Koh, noted that Venture’s order flows saw little impact from the Brexit referendum, even though its customers have become more cautious and restrained. As Koh explains, Venture’s customers had “already ...