Venture Corp (Venture)

RHB stays 'neutral' on tech sector as it awaits trade deal conclusion
SINGAPORE (Mar 19): RHB Research is sticking to its bottom-up approach in the tech sector, focusing on key selection of stocks which have sound fundamentals and balance sheet as well as good growth despite the ongoing trade war issues. This means RHB tries to identify the laggards -- those which have not yet been rerated or rerated less than its peers -- with the hope that these stocks might ...
Venture Corp reports 0.7% dip in FY18 to $370 mil on absence of one-off gain
SINGAPORE (Feb 24): Venture Corporation, the global provider of technology solutions, products and services, reported a 0.7% dip in FY18 earnings to $370.1 million from a year ago. Excluding a one-off gain of $11.3 million from the disposal of an investment in an associate recorded in FY17, earnings for FY18 would have registered an increase of 2.4% year-on-year. FY18 revenue came in at ...
Right timing: No Christmas cheer as STI moves in tight range
SINGAPORE (Dec 14): The Straits Times Index has been unable to gain strength as short term stochastics turned down, and quarterly momentum encountered resistance. The index eased and is now testing its declining 50-day moving average at 3,077. Directional movement indicators are neutral. ADX is falling, and DIs are positively placed. The STI had moved above both its 50- and 100-day moving ...
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, ...
Venture kept at 'add' by CGS-CIMB on long-term prospects
SINGAPORE (Nov 27): CGS-CIMB Securities is maintaining Venture Corp at “add” given its long-term prospects after hosting an non-deal roadshow for the latter on Nov 23. At the roadshow, Venture also says it is determined to remain an outstanding partner to its customers. Chairman and CEO Wong Ngit Liong also says the company will continue to move beyond operational excellence and will ...
Right timing: STI should attempt rebound soon
SINGAPORE (Sept 14): Here are two charts for our technical analysis this week: STI daily (3,142): Relief rally sets in On Sept 7, the Straits Times Index formed a doji, a sign that down momentum was fading. On Sept 11, the index made a low of 3,102, and it subsequenty rebounded. The initial upmove is likely to face resistance initially at 3,191, and then at the declining 50-day moving average ...
Venture not aware of any information behind Thursday slump
SINGAPORE (Sept 13): Venture Corp said it was not aware of any information not previously announced or any other possible explanation that could explain the unusual trading activity of its shares on Thursday. The contract manufacturer was responding to a query by the Singapore Exchange after shares of the counter fell as much as 6% to a one-year low of $15.85, with nearly 2.7 million shares ...
Philip Morris' full-year guidance looks negative for Venture Corp
SINGAPORE (July 23): Philip Morris International has significantly cut its full-year guidance as it prepares for the next generation of IQOS (I quit original smoking) devices. The worldwide introduction of the next generation of IQOS devices towards the end of 2018 will require the reduction of current generation device inventories while the ramp-up of new devices is expected to occur in 2019, ...
Venture's stellar performance could go up in smoke soon
SINGAPORE (July 5): Venture Corp’s stellar 2017 was driven by I Quit Ordinary Smoking (IQOS) smokeless cigarette devices. But with IQOS production slowing down and shifting away to its competitor, Venture’s earnings are at risk of declining in 2018 and beyond, say analysts. In a Thursday report, UOB KayHian analysis affirms its initial belief that the IQOS device that Venture ...
Go for sold-down defensive stocks to navigate tricky trade war: KGI
SINGAPORE (June 25): The Singapore stock market has been spooked by a few events recently, including US-China trade wars and Opec’s tussle with expanding oil production. Alongside these events are continued tightening by the Federal Reserve and a $37 billion injection into the financial by the PBoC to calm markets after US tariffs. KGI says high yield spreads in Asia have been widening ...