We are reaching the tail-end of the earnings season. Given that many companies have already reported their results, it might be useful to categorise them into three buckets of positive, negative and mixed. In this article, I will look at two companies that have recently reported positive results. Venture Corporation Ltd (SGX: V03) is the first company that we will look at in this article. As a quick introduction, Venture Corporation is an electronics manufacturing services provider with expertise in a wide range of activities. Overall, quarterly revenue was up by 1.5% year-on-year to S$856.0 million. Profit attributable to shareholders was up by 72.2% year-on-year to S$83.7 million. As a result, Venture’s diluted earnings per share (EPS) was up by 67.4% year-on-year to 28.8 cents. As at

Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI) ended Friday down 0.2%, or 7.5 points, to 3,529.27. The biggest loser in the index was Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6), falling 4.5% to S$1.06. On the other hand, the STI component that gained the most was Singapore Airlines Ltd (SGX: C6L). The firm’s shares rose 3.8% to S$11.56. Other big gainers in the index were Venture Corporation Ltd (SGX: V03), Jardine Matheson Holdings Limited (SGX: J36) and Wilmar International Limited (SGX: F34). In all, seven stocks ended the day in the green, 17 were in the red while the remaining six finished unchanged. 2. Singapore Airlines Ltd is looking to merge SilkAir, its regional wing, into Singapore’s flag

The last two weeks was a period pervaded with a series of disturbing unrests as news of conflicts around the world broke out one after another. Over the course of the past fortnight, deadly clashes from Israeli fire left 52 Palestinians dead and more than 2,400 wounded. Closer to home, Indonesia saw a series of suicide bombing in Surabaya while North Korea also threatened to cancel the Trump-Kim summit in Singapore. In face of all the geopolitical tensions, Dow Jones Industrial Average halted its 8-days advance but the US bellwether still managed to post a 3.3 percent gain to end at 24,713.98 on 17 May 2018. Over in Asia, China’s manufacturing activity grew more-than-expected in April as industrial output rose 7 percent from a year earlier. However, retail figures missed projections, gro

Warren Buffett is a huge advocate of businesses buying back their shares. He believes that share buybacks can reveal a thing or two about the company’s management. He once opined: “What you’d like to do as an investor is hook them up to a machine and run a polygraph to see whether it’s true. Short of a polygraph the best sign of a shareholder-oriented management — assuming its stock is undervalued — is repurchases. A polygraph proxy, that’s what it is.” On that note, let’s check out three companies picked at random that have repurchased their shares thus far during the week, as of market open today. HRnetGroup Ltd (SGX: CHZ) HRnetGroup, which debuted on our stock exchange in June 2017, is the biggest Asia-based recruitment agency in the Asia

Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI) ended the day up 0.1%, or 3.7 points, to 3,536.8. The best performer of the 30-stock index was Hutchison Port Hldg Trust (SGX: NS8U); its units rose 1.5% to US$0.335. Meanwhile, Venture Corporation Ltd (SGX: V03) was once again the biggest loser of the index after slipping 2.3% to S$20.74. Yesterday, the shares fell 4.3% to S$21.22. 2. Singapore Telecommunications Limited (SGX: Z74) announced its earnings for the full year ended 31 March 2018 before the market opened today. For the year, revenue rose 4.9% year-on-year to S$17.5 billion while net profit grew 41.5% to S$5.5 billion. The board is recommending a final dividend of 10.7 cents per share. This brings

Hello, everyone. Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI) ended Wednesday at 3,533.1 points, inching down 0.2% or 7.2 points. Of the 30 index components, Venture Corporation Ltd (SGX: V03) lost the most ground as its shares slumped 4.3% to S$21.22. On the other hand, the biggest winner of the index was Singapore Technologies Engineering Ltd (SGX: S63) after putting on 2.1% to S$3.46. 2. The earnings season is here so do check out the latest earnings coverage below: a) SIA Engineering Company Ltd (SGX: S59) – head here b) Straits Trading Co Ltd (SGX: S20) – head here SIA Engineering ended the day at S$3.31 per share, down 0.6%, while Straits Trading’s shares rose 0.5% to S$2.19. 3. Frasers P

Warren Buffett is someone who actively encourages companies to buy back their shares if the conditions are right. He once said that when the shares of outstanding companies with strong financial positions are selling below their intrinsic value, no other action can benefit shareholders as share repurchases can. On that note, let’s look at three Straits Times Index (SGX: ^STI) components that have repurchased their shares thus far during the week, as of market open today. United Overseas Bank Ltd (SGX: U11) With more than 500 branches in 19 countries, United Overseas Bank, more commonly known as UOB, is one of the largest banks in Southeast Asia. On 7, 8 and 9 May 2018, UOB bought back 123,786 shares ranging from S$28.88 to S$29.940 per share, translating to a total cost of around S$3.6 m

Continued from STI Analysis -- the next peak and trough ? (XII)As mentioned previously STI is currently doing an Intermediate degree Wave 5 Minor degree Wave 2 correction.  As it is dealing with Minor degree level, have to look at STI on hourly basis to really see the correction pattern.The above chart clearly showed that STI has developed into an Expanded Flat pattern.  Expanded Flat pattern or rather Flat pattern in general is a 3-3-5 structure and what STI is now is at the "5" segment meaning doing a 5-wave impulse.  Furthermore, the 5th wave is an ending diagonal rather than a straight impulse.  The ending diagonal is yet to fully run its course.  That is to say there could be further downside to STI and potentially it could end up around 3,500 level, the 38.2%

Almost a year ago, Shares Investment featured Venture Corporation (Venture), highlighting the potential for stock to climb higher. We were proven right: Venture’s shares rose 120.4 percent from $13.39 since then to a 52-week intraday high of $29.65 on 13 April 2018. It was one of our best calls ever made last year and we hope our readers have profited. Seemingly though, the recent price action of Venture’s shares suggests that the magnificent rally could have finally run its course. On 20 April 2018, shares of Venture began tumbling down from the peak. By 27 April 2018, its shares have fallen to $21.4, erasing all of the gains made in the first four months of 2018. Incidentally, on the 25 April 2018, Venture reported its 1Q18 earnings result but buying interest did not seem to return t

Almost a year ago, Shares Investment featured Venture Corporation (Venture), highlighting the potential for stock to climb higher. We were proven right: Venture’s shares rose 120.4 percent from $13.39 since then to a 52-week intraday high of $29.65 on 13 April 2018. It was one of our best calls ever made last year and we hope our readers have profited. Seemingly though, the recent price action of Venture’s shares suggests that the magnificent rally could have finally run its course. On 20 April 2018, shares of Venture began tumbling down from the peak. By 27 April 2018, its shares have fallen to $21.4, erasing all of the gains made in the first four months of 2018. Incidentally, on the 25 April 2018, Venture reported its 1Q18 earnings result but buying interest did not seem to return t

Venture Corp Smart Money Flow: 4 May 2018, Friday, 10.55am Singapore TimeAttached is the Smart Money Flow of Venture Corp. This stock continues to be bearish, as per all chip-makers and most technology hardware markers(exclude Creative Technology which has new fundamentals and new patents).Be cautious and good luck.Donovan Norfolk Ang

Venture Corp Smart Money Flow: 5 April 2018, Friday, 10.20am Singapore TimeAttached is the Smart Money Flow of Venture Corp. This stock continues to be bearish, as per all chips-makers and most tech hardware markers(exclude Creative Technology which has new fundamentals and new patents).Be cautious and good luck!Donovan Norfolk Ang

Last week, Venture Corporation Ltd (SGX: V03) announced its 2018 first quarter earnings update. As a quick introduction, Venture is an electronics manufacturing services provider with expertise in a wide range of activities. Here are nine things investors should know about the company’s latest results: 1. Revenue for the quarter increased by 1.5% year-on-year to S$856.0 million. 2. Profit before tax shot up by 64.4% to S$98.6 million; the company’s profit before tax margin in the reporting quarter increased significantly from 7.1% a year ago to 11.5%. 3. Profit attributable to shareholders did even better, increasing by 72.2% to S$83.7 million. 4. Venture’s diluted earnings per share (EPS) was subsequently up by 67.4% year-on-year to 28.8 cents. 5. As of 31 March 2018, the compa

Performance of Straits Times Index (STI) Constituents in April 2018 The Straits Times Index (STI) ended 185.96 points or 5.42% higher to 3613.93 in April 2018.(compared to 3427.97 on 29-Mar-2018)Top Performers: Hutchison Port Holdings Trust, DBS Group, ComfortDelGro, Thai Beverage, UOB. Least Performers: Venture Corp, Yangzijiang Shipbuilding, ST Engineering, City Developments, Jardine Matheson. Most Volatile: Venture Corp, DBS Group, Genting Singapore, Hutchison Port Holdings Trust, UOB. Advertisement Continue Reading »

Venture Corporation has been making headline lately with its stock price plunge and out of curiosity I took a look at the chart.  The moment I saw the chart, I can see an Elliott Wave structure and decided to analyze it for gaining more experience in Elliott Wave analysis.  I do not have any investment in its stock nor I will be interested in getting one too.  Hence, what I'm going to analyze here will be unbiased.Firstly, I tried to find out when Venture was first listed in SGX but unfortunately I couldn't find any information on it except 1984 was the year Venture was founded.  It is unlikely that it was listed in SGX then as I have never come across a company get listed on the year it was founded.  The only earliest data I could get from the chart was 1995. 

Over the last few weeks, some technology stocks in Singapore follow the footsteps of US technology stocks, having significant correction in share prices, triggered by various negative news or market fear. Is it the end of technology stocks bubble or just a temporary price correction?   Strong fundamental technology stocks such as Venture Corp (SGX: V03) and Valuetronics (SGX: BN2) have dropped more than 25% in short term stock prices, disappointing many traders who hope to buy high sell higher with support of strong company fundamental. Other popular technology stocks such as AEM (SGX: AWX), Micro-mechanics (SGX: 5DD), Sunningdale Tech (SGX: BHQ), UMS (SGX: 558) also suffer various degrees of share price corrections, worrying the traders.   Here are the general strategies of mo

Over the past month, Venture Corporation Ltd’s (SGX: V03) stock price has fallen by 24%, even as the market – represented by the Straits Times Index (SGX: ^STI) – has gained 4.5%. Venture’s steep decline made me think that it’ll be interesting to look at the company from the perspective of Benjamin Graham. Although the late Graham may not be very well-known to the general public, he’s a bona-fide investing legend. He was the investing mentor of billionaire investor Warren Buffett, and also authored two classic investment books, namely, Security Analysis and The Intelligent Investor. In his days as a professional investor, Graham loved searching for bargains. And during his career, he had developed a 10-point investing checklist which can help us look at stocks from his vantage

MARKET OVERVIEW- The market could be choppy as benchmark US 10Y Treasury yields extend climb beyond 3%, while local corporate earnings were mixed. - Technically, the STI is likely to consolidate at current levels, with immediate resistance at 3,610 and downside support at 3,510. CORPORATE RESULTS*Venture Corp- 1Q18 net profit surged 72.2% to $83.7m but still trailed bullish street forecasts, coming in at 19% of full-year consensus estimate.- Revenue edged up 1.5% to $856m but would have been up 9.1% in USD terms.- Wider net margin of 9.8% (+4ppt) was achieved through favourable product mix and strong cost control. - CEO refutes short seller report on slowing IQOS smokeless device sales by Philip Morris and reaffirms its broad-based growth across 150 customers. - Last traded at 14.4x forwar

There are many ways to find investment ideas. Some useful ways are to screen for stocks or to look at a list of stocks near their 52-week lows to sieve out potential bargains. Studying what institutional investors have been buying or selling is another avenue. Institutional investors are typically large investment organisations, such as hedge funds, mutual funds, unit trust companies, sovereign wealth funds, insurance companies and so on. These investors tend to possess vastly greater resources than individual investors like you and me when researching stocks. Hence, it may be useful to keep a close eye on what they are doing, as a way to generate ideas. In this article, I will look at three Singapore stocks that have seen the highest net purchases in dollar value by institutional investor

Following our initial coverage on “The Risks Of US-China Trade War On SG Stocks”, we continue to examine the impact of a US-China trade war on our local-listed manufacturing stocks. Investors Takeaway: US-China Trade War And Its Impact On 6 SG Manufacturing Stocks AEM Holdings AEM Holdings (AEM) produces test handlers for its major customer who is mainly located in Singapore. While its customers have factories in China and the US, CIMB does not expect any short-term risk for AEM resulting from the trade war. CIMB notes that AEM’s customer is the leading global player and is unlikely to substitute AEM’s product in the short-term given the customer’s market dominance, financial strength and technological lead. AEM faces a low risk as it is the sole supplier to the customer and is