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Venture
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How is Venture's prospects?
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iPunter
Supreme |
16-Dec-2006 20:38
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Venture appears to me to be still on the uptrend. There's should be some resistance expected at 14.60 which will make it back down a bit. If 14.60 price is surpassed, it is more likely to move upstream from there. |
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singaporegal
Supreme |
16-Dec-2006 16:30
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Still on gradual downtrend or will be stagnant |
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lg_6273
Elite |
15-Dec-2006 10:10
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Substantial shareholder Templeton Investment Counsel, LLC had sold 471,000 shares in Venture Corporation Ltd to the open market reducing its deemed interest to 5.97%. |
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billywows
Elite |
14-Dec-2006 21:21
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Two giants working 2gether .... to whack Apple & Dell?!! --------------- ============== |
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iPunter
Supreme |
02-Dec-2006 18:32
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By going to 13.50 yesterday, it overshot a major support point. But then, since it did not continue straight down to a lower level but instead closed at 13.70 back above the support line on Friday for the weekend. In this case, there may be a possibilty for it to push up higher. But since this stock's recent behaviour is not the ideal "bounce off the support" type behaviour, it is more likely to fall than rise. It may be better to give it a miss than to buy in at this time. |
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singaporegal
Supreme |
02-Dec-2006 18:09
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Looks more like its going on a gradual downtrend. |
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jasjasjas
Member |
29-Nov-2006 23:34
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good old days of venture are long gone, and they are also losing their staff after stock options are no longer exercisable at a good price. china oems are cutting their profit margins badly. tough times ahead of them |
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singaporegal
Supreme |
29-Nov-2006 21:57
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Venture would either remain stagnant for a while or downtrend. Caution. |
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Nostradamus
Supreme |
06-Nov-2006 11:41
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DBSV has lowered its rating to "hold" from "buy" after it reported weaker-than-expected results for the third quarter. However, it said Venture's core results would have been marginally higher if it had not been for a $2 mln stock provision and a higher taxation rate which dragged down the firm's operating profit. "Near term, we believe market interest in Venture will revolve around the extraction of synergistic benefits from the GES integration," DBSV analyst Tan Ai Teng said in a note. She said GES would likely raise Venture's net profit next year by 16% to $290 mln. "We remain positive of Venture's long-term prospects, but in view of the recent strong price rally and the limited upside to our fair value of $15.15, we are downgrading Venture to a 'hold'," Tan said. |
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singaporegal
Supreme |
04-Nov-2006 16:16
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On strong uptrend now! |
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billywows
Elite |
04-Nov-2006 07:46
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By Ovais Subhani
SINGAPORE, Nov 3 (Reuters) - Contract electronics firm Venture on Friday reported a 15 percent rise in quarterly profit, broadly in line with market expectations, but said that demand for its networking and communications business has weakened. Venture Corp. Ltd. , Singapore's second-biggest contract electronics maker after Flextronics International Ltd. , earned S$58.97 million ($37.8 million) in the three months ended September, compared with S$51.5 million in the year-ago quarter. The result was just shy of an average net profit forecast of S$59.6 million from four analysts surveyed by Reuters Estimates. Quarterly sales fell 2.6 percent to S$799.2 million from S$820 million a year ago due to weak demand for networking and communications products. Venture said its data storage business did not grow as much as it had expected, and that demand was likely to weaken. "The computer peripherals and data storage, and the networking and communication businesses are expected to see some softness in the near-term with improvements expected to come about in 2007," Venture said in its quarterly report. It said that its test and measurement business would continue to see positive momentum due to stronger demand for existing products as well as the addition of new products next year. Venture competes with world leader Flextronics International Ltd. and Taiwan's Hon Hai Precision Industry Co. Ltd. . According to the average of 13 forecasts compiled by Reuters Estimates before Friday's announcement, Venture is expected to turn in a net profit of S$229 million for the full-year 2006, up 14 percent from 2005. Venture's share price has risen 5 percent since the start of year, lagging Flextronics, up 9 percent, and Hon Hai, up 53 percent in the same period. |
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Nostradamus
Supreme |
02-Oct-2006 17:52
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It jumped to its highest in five months as investors bet that it may see stronger earnings in the second half of the year, thanks to improved margins from its medical, automotive and measuring devices.
"The second half is looking better," said an institutional trader with a local bank. "Our recent update with Venture suggests that the company is on track to record sequential growth in second-half 2006," DBSV analyst Tan Ai Teng said in a research note. "We believe there is room for re-rating if upcoming results show that Venture is able to grow while keeping margins steady," said Tan, who has a "buy" rating on the stock with a revised target price of $14.40. Shares in Venture trade at 13.2x forward earnings, compared to U.S.-listed contract manufacturer Flextronics's 13.4x, according to Tan. |
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Nostradamus
Supreme |
02-Oct-2006 12:14
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OCBC said it has lifted its fair value to $13.80 on the back of a more upbeat outlook for electronic contract manufacturers from the second half of the year onwards. It is keeping its "buy" recommendation on Venture. "Venture Corp's diversified portfolio appears to be on track to produce a good performance in the seasonally stronger half," OCBC analyst Carey Wong said in a note. He said the company may get some margin boost from its niche products/others divisions, which manufactures higher-margin products like medical, automotive and other measuring devices. Wong raised his 2007 revenue forecast for Venture by 5.7% to $4.3b to factor in higher contributions from the proposed acquisition of GES and other recent acquisitions. OCBC also raised its 2007 net profit forecast for Venture by 6.1% to $269.2m. |
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Nostradamus
Supreme |
27-Sep-2006 11:21
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DBSV analyst Tan Ai Teng said Venture has been executing its strategy of growing its high-margin businesses and that trend should continue going forward. While sales in the first half slipped, Venture's net profit grew slightly, reflecting rising margins, Tan said. "This is a sustainable trend," the DBSV analyst said. Apart from rising core earnings, Tan said the company's proposed takeover of GES, which is expected to be completed by year end, would also be positive for Venture. Tan pegs fair value for Venture at $13.90. |
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Nostradamus
Supreme |
26-Sep-2006 18:51
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Broken $12.10 resistance. It was higher on hopes its second-half earnings will be better than the first as margins improve, dealers said. The electronic contract manufacturer's net profit grew marginally in the first half, rising to $101.92m from $94.85m a year ago. Apart from the continued robust growth in its printing and imaging division, KE said the test and measurement division should show strong growth. Stable contributions are likely from the network and communications as well as computer peripherals and data storage divisions, the brokerage said. "We believe management's strategies will engender sustainable future growth with less seasonal volatility," KE said in a recent note. KE has a target price of $13.50. |
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Nostradamus
Supreme |
18-Aug-2006 17:50
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Venture could have already priced in HP's good results when it reached $12.10 earlier. As expected, couldn't re-test that level. |
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scotty
Senior |
17-Aug-2006 17:54
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wah... fall quite a lot today... |
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Nostradamus
Supreme |
17-Aug-2006 09:43
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One analyst said the numbers, while good, were not fantastic and that HP may have difficulty continuing to grow unless it purchases more companies. HP announced last month that it was buying software firm Mercury Interactive. "At the end of the day, this is a 5%growth company. The only way they can achieve better growth numbers is through acquisitions," said Shaw Wu, an analyst with American Technology Research who has a "hold" rating on the company. But another analyst said that the strong numbers showed CEO Hurd's consistency and the strength of his approach. "Mark Hurd has brought boring back to HP - and I mean that in the best way possible," said Dan Renouard an analyst with Robert W. Baird. "They posted another solid quarter, with good gains across their divisions. They aren't hitting home runs, but a bunch of singles and doubles." He said that he believes Hurd is changing the values of HP toward greater productivity, and there will be more efficiency gains in coming years. "In our view, there's still a lot of potential to wring more efficiency out of this model," he told CNNMoney.com. HP also issued sales guidance for its fourth quarter that was roughly in line with what Wall Street is expecting, at US$24.1 billion. The company's earnings guidance was better than Wall Street's forecast, though. HP said it expects earnings to be in a range of 61 cents to 63 cents per share, excluding one-time items. Analysts' consensus estimates were for a profit of 59 cents per share. "HP delivered another solid quarter with strong revenue growth, improved margins and healthy cash flow," said Hurd in a statement. "We gained share without sacrificing margins and continue to execute well against our long-term plan. This is visible in our third quarter results and improved fourth quarter outlook." Looking forward, HP has suggested that software and services are two areas where it could attain high-margin growth. "The markets where we can get long-term margin expansion is where you'll see us investing," Hurd said during the earnings call. HP is in the midst of a major restructuring program, with an emphasis on cost-cutting. The company announced last year that it would lay off 14,500 workers - or 10% of HP's workforce. Hurd told investors that the company laid off 1,900 more workers in the third quarter, bringing the total number of employees let go to 10,000. One of the company's biggest concerns is getting better margins in competitive markets, which the restructuring plan is intended to address. "Our gross margins improved in all segments this quarter, showing improved efficiency," Hurd told investors on the call. The company also announced a US$6 billion stock buyback program. Investors usually like news about share repurchases since buybacks help to boost earnings. |
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Nostradamus
Supreme |
17-Aug-2006 09:30
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Hewlett-Packard beat Wall Street's expectations, when it reported that fiscal third-quarter profit surged on strong printer and laptop sales. The company's shares gained nearly 6% in after-hours trading. For the three months ended July 31, excluding one-time items, HP earned US$1.48 billion, or 52 cents per share, up nearly 40% from the same quarter last year. On that basis, HP beat Wall Street expectations by 5 cents per share. Analysts were expecting the company to earn US$1.37 billion, or 47 cents a share, on sales of US$21.8 billion, according to a Thomson Financial survey. Revenue from HP's printer division grew 5% to US$6.2 billion. HP revenue from laptops increased 14%, as the overall "personal systems" division sold US$6.9 billion in desktops, laptops and other computers, 8 percent more than the same quarter last year. Software sales were particularly strong, with 30% year-over-year growth. The company, which sold US$318 million in software last quarter, will likely complete the acquisition of management software company Mercury Interactive Corp. in the current quarter. Analysts were impressed that HP managed to report relatively strong sales in each of the company's three divisions. "It looked really good -- it's nice to see this consistency from HP," said Martin Reynolds, vice president of research firm Gartner Inc. He added that the only "dark spot" was the company's "enterprise storage and servers" category, which only inched up 3% to US$4.1 billion. HP competes fiercely against IBM Corp. for corporate clients that spend billions of dollars on giant computer servers and data storage. "They're struggling against IBM's initiative," Reynolds said. "It's been that way for several quarters, and I'm a little disappointed they haven't addressed it yet. "They need to be more focused." HP, which employs about 150,000 people, has been slashing jobs in offices worldwide since launching an aggressive cost-cutting campaign in July 2005. The company shed 1,900 jobs last quarter. Hurd said "several thousand jobs" would be cut in the current quarter, and the layoffs would likely end at that point. Hurd also emphasized in a conference call Wednesday afternoon that HP does not use Sony battery packs in its laptop computers. HP rival Dell Inc. is recalling 4.1 million lithium-ion batteries made by Sony because the battery packs could overheat or even explode. The company's shares rose 46 cents, or 1%, to finish at US$34.43 Wednesday on the New York Stock Exchange, before the earnings were announced. In after-hours trading, HP was trading at US$36.43, up US$2. |
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Nostradamus
Supreme |
16-Aug-2006 10:40
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I believe that no matter how well HP does, Venture will that get past $12.10 during this leg. |
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