Venture Corp (Venture)

Venture Corp started at 'buy' with $17.68 target by Phillip; CGS-CIMB keeps 'buy'

SINGAPORE (Sept 30): Phillip Securities Research is initiating coverage of Venture Corporation with a “buy” and a target price of $17.68.

Venture is currently trading at 13x earnings. Phillip says this is attractive because, over the last 10 years, the stock typically trades at a PE range of 16x.

“Venture also boast a superior return on equity, profit margin and debt to equity ratio relative to its US listed peers,” says Phillip analyst Alvin Chia in a Monday report.

Venture, Hi-P and ThaiBev win on earnings growth, share price gain and ROE respectively

SINGAPORE (Sept 16): For all the competition from low-labour-cost locations, manufacturing remains a key pillar of Singapore’s economy. Astute manufacturers in the city state have long managed costs by setting up operations outside Singapore, while maintaining headquarter functions here and finding new ways to add value to their customers.

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Venture remains a favourite with analysts despite short seller attacks and trade headwinds

SINGAPORE (Aug 14): Venture Corporation has seen mixed fortunes over the last year. In early 2018, the stock was riding high with record revenue and profits that left analysts gushing for more.

The share price soared to just below $30, and was threatening to break through the barrier. However, a negative short seller report put a stop to the climb and its share price plummeted to below $20 per share.

Market loses steam as index drifts

SINGAPORE (July 29): Short-term indicators are showing signs of fatigue as they hover around the top end of their ranges. Short-term stochastics has turned down and could drift sideways before easing. The 21-day RSI has formed a minor negative divergence with the Straits Times Index and this could be a sign of latent weakness or fatigue for the index.

BlackRock buys and sells Venture Corp shares within days; Venture Corp buys back own shares

(July 29): The world’s largest asset manager, BlackRock, has ceased to be a substantial shareholder in electronics manufacturer Venture Corp after divesting 525,516 shares on July 22. Via its subsidiary PNC Financial Services Group, BlackRock now holds 14,365,540 shares, or 4.98% of total shares, down from 14,891,056 shares (5.16%).

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Venture kept at ‘neutral’ by RHB with $16.30 target on worsening US-China trade war

SINGAPORE (June 26): RHB Research is maintaining Venture Corp at “neutral” given things are not going smoothly for tech global manufacturing with the worsening of the US-China trade war.

Despite Venture being more resilient than its peers, RHB says it should be difficult for the company to avoid headwinds ahead. As a result, the research house expects profitability to take a hit in 2Q19.

Trump signals more uncertainty with 'what’s up here'; economists trim Singapore GDP forecast

SINGAPORE (June 17): US President Donald Trump is not letting up on his threats to hit China with a new set of tariffs as talks between the two economic giants show scant signs of progress. China, on the other hand, did not give a clear indication if President Xi Jinping will meet Trump at the G20 meeting on June 28 and 29 in Osaka, Japan.

Trump added further uncertainties to the trade talks. At a press conference on June 12, he declared that there was no deadline on when the talks should resume, other than “what’s up here”, pointing to his head.

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Small-cap tech companies the stocks to watch; Frencken riding industrial automation trend

SINGAPORE (June 10): Technology companies figured prominently in RHB Securities Singapore’s 20 Jewels 2019 Edition, with seven companies from this sector included in its list of small caps that are likely to do well.

RHB Securities had expected technology stocks to perform better this year after being hit badly in 2018. “Our house view is that the US and China will eventually come to a trade agreement, and since the trade war started, tech stocks, especially in the small-mid cap space, have been hammered down badly, more so in 2018,” says Jarick Seet, its head of small-mid caps.

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Right timing: Downwards drift continues despite oversold readings

SINGAPORE (May 24): The decline by Straits Times index slowed during the past five trading sessions.

Despite this, the index slipped below the 200-day moving average currently at 3,183.

At the same time, quarterly momentum has fallen below its equilibrium line and continues its decline.

ADX is rising, and the DIs remain negatively placed, confirming the weaker phase ahead.

Right timing: STI approaches resistance

SINGAPORE (May 4): The STI’s uptrend remains intact. However signs are emerging of fatigue. The index tested 3,400, a psychological resistance and retreated. In the meantime, short term stochastics has flattened along with 21-day RSI, setting the indicators up for forming a negative divergence between indicators and the index.

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