Singapore is “one step closer to dawn”, according to DBS Group Research analysts Yeo Kee Yan and Janice Chua, after companies’ earnings in 2Q20 bore the brunt of the global lockdowns with a sharp 14.9% cut in FY20F earnings for stocks covered by the bank. “With global economies reopening, ma...

Singapore markets experienced a gloomy 2Q20 as the Straits Times Index (STI) closed August flat at 2,532.51 pts. This represented a marginal 2.7 pts increase m-o-m as investors were sombre amid gloomy economic data and poor visibility due to the Covid-19 pandemic.  GDP for the quarter contracte...

RHB Group Research hosted a non-deal roadshow (NDR) for Venture Corporation lately and is remaining “neutral” on the stock with a target price of $20.20. Some of the key takeaways from the NDR include: Venture will likely see a steady recovery in 2H20, and is fulfilling the backlog of orders now...

As markets around the world piggyback on technology shares to ride a startling rebound from their pandemic lows, stock investors in Southeast Asia are proving to be mere spectators. Laden with so-called old-economy stocks such as those in the finance and real estate sectors, the MSCI Asean Index is ...

While Venture Corporation’s 2Q20 earnings of $70.2 million came mostly within analysts’ expectations, they remain mixed on the company’s prospects moving forward. See: Venture Corp reports 2Q20 earnings of $70.2 mil, declares interim dividend of 25 cents per share DBS Group Rese...

After five weeks of being in the red zone, the benchmark Straits Times Index (STI) gained 1.4% to 2551.1 points from last week’s 2515.7 points on Tuesday (Aug 11). This comes despite the Ministry of Trade and Industry’s (MTI) revised growth forecast for the year to -7% and -5%, and news that 2Q2...

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Interim dividen...

MAINBOARD-LISTED Venture Corp posted a 28.2 per cent fall in net profit to S$130.5 million for the six months ended June, as some customers pushed back orders amid the Covid-19 pandemic.

Venture Corporation has posted 2Q20 earnings of $70.2 million for the 2Q20 ended June, some 22.7% lower than the $90.8 million registered in 2Q19. Revenue for the quarter fell 23.3% y-o-y to $692.7 million due to the Covid-19-induced lockdown measures that restricted the group’s manufacturing acti...

MAINBOARD-LISTED Venture Corp posted a 28.2 per cent fall in net profit to S$130.5 million for the six months ended June, as some customers pushed back orders amid the Covid-19 pandemic.