Tuesday, August 29, 2023

Venture Corporation - I think the selling has more or less done and likely to see a rebound ! Yield is about 5.8% for this blue chips counter looks rather interesting!

She has been driven to an super oversold territory!

Yesterday the transacted volume is huge I think the selling has more or less dried put and likely to see a bounce off from the current price level of 13.02.

It is also hovering near the support at 13.00 of which I think is a gd pivot point!

Not a call to buy or sell!

Please dyodd.

 Total Revenue is down 11.9% to 1582.2m.

Net profit of 140m is down 19.7% YOY. 

EPS of 0.48 . Estimating full year EPS of 0.98, PE is 13.5x .

Cash on hands increase from 812m to 895m.

Net cash position. Solid!

XD 1st September.  Pay date 14 Sept.

The outlook seems good!

Not a call to buy or sell!

Please dyodd. 

Venture Corporation Limited was formed in 1989 as an electronic services provider after the merger of three companies. With over three decades of consistent growth and 12,000-strong today, the Group is a leading provider of technology services, products and solutions, with established capabilities spanning innovation, design and development, product and process engineering, design for manufacturability and supply chain management in diverse technology domains.

Headquartered in Singapore, the Group comprises more than 30 companies worldwide with Centres of Excellence in Southeast Asia, Northeast Asia, America and Europe.

The Group is well-known for its deep know-how and expertise in various technology domains. These include life science, genomics, molecular diagnostics, medical devices and equipment, healthcare, luxury lifestyle and wellness technology, test and measurement technology instrumentation, networking and communications, advanced industrial as well as computing, printing and imaging technology.

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