Venture Corp. Ltd.

Venture Corporation is engaged in the provision of technology services, products and solutions. Co.'s primary activities are to provide manufacturing, product design and development, engineering and supply-chain management services. Through its subsidiaries, Co. is engaged in the trading and manufacturing of electronics products; investment holdings; manufacturing, designing, engineering, customisation and logistic services; the manufacture and sale of terminal units; and the development and marketing of color imaging products for label printing, among other activities. Co.'s segments include: Electronics Services Provider; Retail Store Solutions and Industrial; and Component Technology.
  • TickerV03
  • ISINSG0531000230
  • ExchangeSingapore Exchange
  • SectorElectronic & Electrical Equipment
  • CountrySingapore

With a more favourable environment, VENTURE CORP.LTD. improves to Slightly Positive

VENTURE CORP.LTD. (SG), a company active in the Electronic Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 12, 2020, the closing price was SGD 15.62 and its potential was estimated at SGD 17.75.

UOB
Carol Dou Xiao Qin ...
  • Chaiwat Arsirawichai
  • Chong Lee Len
  • Greater China Research Team
  • Ivy Xu Da
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Michael Cheung Ho Bun
  • Robin Yuen
  • Stevanus Juanda
  • Tanaporn Visaruthaphong
  • Zhifeng Shen

Regional Morning Notes - Monday, May 11, 2020

GREATER CHINA Sector Baijiu: Key takeaways from conference call with baijiu expert. Consumer: Bi-weekly (18 April-8 May). Infrastructure: Infrastructure REITs Pilot Scheme: Baby steps. Results China Shineway Pharmaceutical (2877 HK/BUY/HK$5.60/Target: HK$7.33): 1Q20: Sales impacted by COVID-19; higher April sales. INDONESIA Update Gudang Garam (GGRM IJ/BUY/Rp44,050/Target: Rp63,600): 44% upside despite application of -2SD PE. SINGAPORE Sector Banking: 1Q20 Round-up: First stage of credit cycle is always the hardest. Results NetLink NBN Trust (NETLINK SP/BUY/S$0.99/Target: S$1.08): 4QFY20: Re...

UOB
John Cheong Ming Chern ...
  • Joohijit Kaur Jaztar Singh

Venture Corp Ltd - 1Q20: Below expectations due to COVID-19 disruptions; Downgrade to HOLD

1Q20 net profit fell 33.6% yoy and formed 19% of our full-year estimate, missing our expectations. The weakness was due to factory lockdowns and supply chain disruptions. Visibility for 2H19 remains unclear as most customers have withdrawn full-year guidance. On the positive side, Venture continues to see healthy demand in certain technology domains and some its products are being used for COVID-19. We reduce our 2020 EPS estimate by 7%. Downgrade to HOLD with a lower target price of S$14.46. Entry price: S$13.20.

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Loke Pei Hao
  • Lucas Teng Yao Yang

Singapore Daily - Monday, May 11,020

KEY HIGHLIGHTS Sector Banking: 1Q20 Round-up: First stage of credit cycle is always the hardest. Results NetLink NBN Trust (NETLINK SP/BUY/S$0.99/Target: S$1.08): 4QFY20: Results above expectation. BUY on share price weakness. Stock offers sustainable dividend yield of 5%. Oversea-Chinese Banking Corp (OCBC SP/BUY/S$8.88/Target: S$9.78): 1Q20: Taking it on the chin. Singapore Post (SPOST SP/ HOLD/S$0.74/Target: S$0.80): FY20: In line, disrupted mail operations but sound fundamentals. Venture Corporation (VMS SP/HOLD/S$15.74/Target: S$14.46): 1Q20: Below expectations due to COVID-19 disruption...

UOB
Carol Dou Xiao Qin ...
  • Chaiwat Arsirawichai
  • Jacquelyn Yow Hui Li
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Keith Wee Teck Keong
  • Ken Lee
  • Lee Yuk Kei
  • Leow Huey Chuen
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Tanaporn Visaruthaphong
  • Vanness Wong Wan
  • Ziv Ang Sze Champ

Regional Morning Notes - Wednesday, April 01, 2020

GREATER CHINA Results China Communication Services (552 HK/HOLD/HK$5.64/Target: HK$5.31): 2019: Slightly miss forecasts; lacklustre 2020 outlook amid 5G capex boom. China Zhengtong Auto Services Holdings (1728 HK/SELL/HK$1.31/Target: HK$1.00): 2H19: Earnings grossly miss consensus on disappointing new-car sales margin. Cut target price to HK$1.00. Dongfeng Motor (489 HK/BUY/HK$5.11 /Target: HK$7.00): 2019: Net profit down 0.9% yoy, missing our estimate due to provision for DF PSA. Cut target price to HK$7.00. Inspur International (596 HK/BUY/HK$2.38/Target: HK$3.60): 2019: Misses expectation ...

A director bought 400,000 shares at 15.255SGD and

A director at Venture Corporation Limited bought 400,000 shares at 15.255SGD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

UOB
Carol Dou Xiao Qin ...
  • Chaiwat Arsirawichai
  • Chong Lee Len
  • Greater China Research Team
  • Ivy Xu Da
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Michael Cheung Ho Bun
  • Robin Yuen
  • Stevanus Juanda
  • Tanaporn Visaruthaphong
  • Zhifeng Shen

Regional Morning Notes - Monday, May 11, 2020

GREATER CHINA Sector Baijiu: Key takeaways from conference call with baijiu expert. Consumer: Bi-weekly (18 April-8 May). Infrastructure: Infrastructure REITs Pilot Scheme: Baby steps. Results China Shineway Pharmaceutical (2877 HK/BUY/HK$5.60/Target: HK$7.33): 1Q20: Sales impacted by COVID-19; higher April sales. INDONESIA Update Gudang Garam (GGRM IJ/BUY/Rp44,050/Target: Rp63,600): 44% upside despite application of -2SD PE. SINGAPORE Sector Banking: 1Q20 Round-up: First stage of credit cycle is always the hardest. Results NetLink NBN Trust (NETLINK SP/BUY/S$0.99/Target: S$1.08): 4QFY20: Re...

UOB
John Cheong Ming Chern ...
  • Joohijit Kaur Jaztar Singh

Venture Corp Ltd - 1Q20: Below expectations due to COVID-19 disruptions; Downgrade to HOLD

1Q20 net profit fell 33.6% yoy and formed 19% of our full-year estimate, missing our expectations. The weakness was due to factory lockdowns and supply chain disruptions. Visibility for 2H19 remains unclear as most customers have withdrawn full-year guidance. On the positive side, Venture continues to see healthy demand in certain technology domains and some its products are being used for COVID-19. We reduce our 2020 EPS estimate by 7%. Downgrade to HOLD with a lower target price of S$14.46. Entry price: S$13.20.

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Loke Pei Hao
  • Lucas Teng Yao Yang

Singapore Daily - Monday, May 11,020

KEY HIGHLIGHTS Sector Banking: 1Q20 Round-up: First stage of credit cycle is always the hardest. Results NetLink NBN Trust (NETLINK SP/BUY/S$0.99/Target: S$1.08): 4QFY20: Results above expectation. BUY on share price weakness. Stock offers sustainable dividend yield of 5%. Oversea-Chinese Banking Corp (OCBC SP/BUY/S$8.88/Target: S$9.78): 1Q20: Taking it on the chin. Singapore Post (SPOST SP/ HOLD/S$0.74/Target: S$0.80): FY20: In line, disrupted mail operations but sound fundamentals. Venture Corporation (VMS SP/HOLD/S$15.74/Target: S$14.46): 1Q20: Below expectations due to COVID-19 disruption...

UOB
Carol Dou Xiao Qin ...
  • Chaiwat Arsirawichai
  • Jacquelyn Yow Hui Li
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Keith Wee Teck Keong
  • Ken Lee
  • Lee Yuk Kei
  • Leow Huey Chuen
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Tanaporn Visaruthaphong
  • Vanness Wong Wan
  • Ziv Ang Sze Champ

Regional Morning Notes - Wednesday, April 01, 2020

GREATER CHINA Results China Communication Services (552 HK/HOLD/HK$5.64/Target: HK$5.31): 2019: Slightly miss forecasts; lacklustre 2020 outlook amid 5G capex boom. China Zhengtong Auto Services Holdings (1728 HK/SELL/HK$1.31/Target: HK$1.00): 2H19: Earnings grossly miss consensus on disappointing new-car sales margin. Cut target price to HK$1.00. Dongfeng Motor (489 HK/BUY/HK$5.11 /Target: HK$7.00): 2019: Net profit down 0.9% yoy, missing our estimate due to provision for DF PSA. Cut target price to HK$7.00. Inspur International (596 HK/BUY/HK$2.38/Target: HK$3.60): 2019: Misses expectation ...

UOB
John Cheong Ming Chern ...
  • Joohijit Kaur Jaztar Singh

Venture Corporation (VMS SP) - Factoring in supply disruption from COVID-19

In contrast to one month ago when prospects were improving for Venture, the escalation of the COVID-19 outbreak into a global pandemic has now thrown some uncertainties into the company’s outlook. Despite its solid positioning, we expect supply disruption to impact Venture’s near-term earnings. Several customers have started to turn cautious. We slash our 2020 EPS by 16% as we factor in about two months of supply disruption. Maintain BUY but cut target price by 22% to S$15.50.

With a more favourable environment, VENTURE CORP.LTD. improves to Slightly Positive

VENTURE CORP.LTD. (SG), a company active in the Electronic Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 12, 2020, the closing price was SGD 15.62 and its potential was estimated at SGD 17.75.

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