Venture

[winston]

Not vested.

DBS Research has revised earnings forecast for Venture up by 10% and TP to S$10.70 (Prev S$ 9.80). Maintain Buy. 1Q10 net profit was in line even though sales decline of 12% y-o-y was sharper than expected.

Margin recovery was superb and sustainable, and this transition is expected to continue for another quarter.

Source: DBS

[winston]

Not vested.

Noticed that Aberdeen has been adding to their position in Venture.

Quarterly Window Dressing time ?

[winston]

Not vested

Venture Corp ST: the downside prevails as long as 9.09 is resistance <VENM.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/VMS ... 013106.gif

Our pivot point stands at 9.09.

Our preference: the downside prevails as long as 9.09 is resistance.

Alternative scenario: above 9.09, look for 9.33 and 9.46.

Comment: the RSI is below 50. The MACD is negative and below its signal line.

The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (standing respectively at 9.03 and 9.01).

Supports and resistances: 9.33 *9.09 **8.99 8.85 last 8.5 8.36 **8.23 *


Source: Reuters

[winston]

Not vested. Window Dressing time ...


Venture Corp ST: the RSI is overbought <VENM.SI>


Click here to see our chart:
http://www.tradingcentral.com/chart/VMS ... 022752.gif

8.83 is our pivot point.

Our preference: the upside prevails as long as 8.83 is support.

Alternative scenario: below 8.83, expect 8.64 and 8.52.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction couldshape (look for bearish divergence in this case).

The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 8.79 and8.99).

Finally, Venture Corp has crossed above its upper daily Bollinger band (8.97).

Supports and resistances: 9.51 *9.39 **9.29 9.04 last 8.91 8.83 **8.64 *


Source: Reuters

[winston]

Not vested. From CIMB:-

What’s on the table

Venture Corporation - A more meaningful recovery

Maintain Outperform and target price of S$10.91.

Our recent visit reaffirmed our belief that Venture is on the road to a more meaningful recovery, underpinned by a broad-based improvement in its business, including HP's ODM printer projects.

We leave our FY10-12 profit forecasts intact, as well as our Outperform rating and target
price of S$10.91, based on 14x CY11 P/E.

This already values Venture below its 10- year historical average to factor in its slower growth. We expect a gradual recovery in its earnings and decent dividend yields to provide stock catalysts.

[winston]

Not vested

PE 18; EPS growth -45% then +20% ?; Yield 5.4%


• Maintain Outperform and target price of S$10.91. Our recent visit reaffirmed our
belief that Venture is on the road to a more meaningful recovery, underpinned by a
broad-based improvement in its business, including HP’s ODM printer projects.

We leave our FY10-12 profit forecasts intact, as well as our Outperform rating and target
price of S$10.91, based on 14x CY11 P/E. This already values Venture below its 10-year historical average to factor in its slower growth. We expect a gradual recovery in its earnings and decent dividend yields to provide stock catalysts.

• Stronger 2H10 for all. Growth should return to all product segments, though test
and measurement should continue to outperform the rest due to a tangible pick-up in
orders from Agilent and a lower base.

Even ODM projects for HP are ramping up nicely, hitting 90k-100k units a month from about 65k in the June quarter.

• Persistent component shortage, but Venture is coping well. Venture continued
to face tight supplies for some parts in 3Q10, but the situation was manageable.
Cash conversion cycle (CCC) days, however, should remain high as it had stocked
up critical components. Venture expects CCC to improve only in 2011.

• Dividends sustainable due to strong free cash flow. Venture reiterated that it is
able to sustain its 50ct dividends per share, which is not surprising given its solid
cash flow business and limited capex.

http://www.remisiers.org/cms_images/Venture-2909101.pdf

[winston]

Not vested

Singapore Hot Stocks-Venture rises on strong HP forecast

SINGAPORE, Sept 30 (Reuters) - Shares of Singapore electronics contract manufacturer Venture Corp rose as much as 3.4 percent on Thursday, after Hewlett-Packard Co forecast 2011 earnings that surpassed expectations.

HP, Venture's key customer, on Wednesday forecast 12 to 14 percent growth in non-GAAP earnings in fiscal 2011 and revenue growth of 5 to 7 percent. [ID:nN28273797] At 0200 GMT, Venture's shares were traded at S$9.59, outperforming the Straits Times Index's <.FTSTI> 0.23 percent fall.

"Investors are looking at Venture as one of the beneficiaries of the better business outlook from HP," a local broker said.


Source: Reuters

[iam802]

Venture at $4???? Isn't this a $9+++ stock?

Which Venture is this?

[kennynah]

Venture to horlan....that Venture

[winston]

Not vested

Venture Corp ST: the RSI is overbought <VENM.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/VMS ... 032543.gif

Our pivot point stands at 9.41.

Our preference: the upside prevails as long as 9.41 is support.

Alternative scenario: the downside breakout of 9.41 would call for 9.12 and 8.96.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signalline.

The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 9.09 and 9.01). Venture Corp is currently trading near its 52 week high reached at 9.97 on 04/05/10.

Supports and resistances: 10.59 *10.42 **10.25 9.75 last 9.51 9.41 **9.12 *


Source: Reuters