Venture Corporation

Manufacturing presence in Malaysia could benefit Venture amid trade war: CGS-CIMB
SINGAPORE (Nov 7): CGS-CIMB Securities is upgrading its call on Venture Corporation to “add” from “hold” previously as it rolls over to FY20F. At the same time, the research house is lowering its target price from $17.83 to $17.44 after accounting for lower revenue growth expectations, which has led to a cut in FY18-20F core earnings per share (EPS) by 6.6-10.9%. The new target ...
Strong earnings recovery expected for Venture Corp after a dismal 3Q
SINGAPORE (Nov 5): RHB Research and OCBC Investment Research are maintaining their “buy” calls on Venture Corp while lowering their target price and fair value estimate to $19 and $20.13, from $22.20 and $23.23, respectively. This comes after the group last week reported a y-o-y decline in 3Q18 earnings on lower revenue. While RHB has slashed its FY18-19F earnings per share (EPS) ...
Venture faces 2019 earnings risk due to competition, says UOB Kay Hian
SINGAPORE (Oct 19): UOB Kay Hian is maintaining its “hold” call on Venture Corporation with a target price of $18.20. This comes post the release of Philip Morris International’s (PMI) 3Q earnings statement last night, which reflected strong operating metrics but a more mixed outlook on device production split, in UOB’s view. In a Friday report, analyst Foo Zhiwei says current ...
Positive IQOS sales momentum signals promising 2019 for Venture: UOB
SINGAPORE (Oct 2): UOB Kay Hian is maintaining its “hold” call on Venture Corporation with a recommended entry price of $16 and target price of $18.20, which is pegged to 14 times 2018F P/E. The research house’s rating reiteration follows Philip Morris International’s (PMI) Investor Day 2018 last week, which revealed a pickup in sales of IQOS (I quit ordinary smoking) smoke-free ...
Venture Corp's earnings success to carry on so long as trade war does not escalate: RHB
SINGAPORE (Aug 6): RHB Research is maintaining “buy” on Venture Corp while lowering its target price from $26 to $22.20, which is now pegged to 15.5 times FY18F P/E compared to 17.2 times previously due to the weaker industry outlook. The research house nonetheless remains bullish on the stock after attending the group’s analyst briefing post the release of its 2Q18 financial results ...
Venture reports 40.2% higher 2Q earnings of $98 mil on better margins
SINGAPORE (Aug 3): Venture Corporation reported a 40.2% rise in 2Q18 earnings to $97.9 million from $69.8 million in the same quarter a year ago.    The bottomline growth was largely due to an improved net margin of 10.3% in the latest quarter compared to 6.9% in 2Q17 and came despite a 6% fall in revenue to $952.3 million from $1 billion previously. Changes in finished goods, ...
Venture Corp downgraded to 'hold' amid trade war fears
SINGAPORE (July 12): CGS-CIMB Research is downgrading Venture Corporation to “hold”, from “buy” previously, on the back of lower revenue growth forecasts amid fears that the trade war between US and China could escalate further. “If the situation escalates into a full-blown trade war, costs will generally increase and demand will be affected,” says analyst William Tng in a ...
Overseas investors like Singapore banks and tech firm Venture: CGS-CIMB
SINGAPORE (June 11): CGS-CIMB Securities is reiterating a number of its top stock picks across various sectors following its recent marketing trip to Tokyo and Hong Kong. There, the research house found that investors in indexed funds were generally “overweight” on Singapore banks and technology, mainly Venture Corp. The tech manufacturer is rated “add” by CGS-CIMB with a target price ...
Could 'secretive' Venture sooth market jitters by clearing the smoke?
SINGAPORE (May 11): In the wake of a short-selling attack, shares in Venture plunged 32.6% within three weeks to hit a low of $19.42 on May 2. This came after over one million of its shares were shorted on April 20. Then, a group calling itself Valiant Varriors said in a blog post on April 24 that Venture was being affected by weakening sales of smokeless cigarette devices produced by Philip ...
Analysts slash target prices for Venture Corp despite 1Q earnings surge
SINGAPORE (Apr 26): Analysts are slashing their target prices for Venture Corporation by as much as 25%, just one day after the electronics manufacturer posted a 72.2% surge in earnings for the 1Q ended March. See: Venture sees 72% surge in 1Q earnings to $83.7 mil on higher margins “Given the current poor sentiment and concerns over earnings growth for tech manufacturing services ...