The Trading Floor - June 2018

Discussion in 'The Trading Floor' started by Amator, May 31, 2018.


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  1. nottibird

    nottibird Moderator

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    Yayyyy !!!


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  2. plutus2

    plutus2 Well-Known Member

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  3. nottibird

    nottibird Moderator

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    Like this?


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  4. plutus2

    plutus2 Well-Known Member

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    Yes bro.. this morning i torpedo her liao. But my torpedo not so big, need to wait for others to send more torpedo to bring down this Tank
     
  5. nottibird

    nottibird Moderator

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    Bro...

    ST Engrg... just waiting for someone to pull out the plug.
     
  6. plutus2

    plutus2 Well-Known Member

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    good morning
     
  7. nottibird

    nottibird Moderator

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  8. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
  9. nottibird

    nottibird Moderator

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    Approaching resistance zone...


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  10. Amator

    Amator Well-Known Member

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    SINGAPORE (June 6): Maybank Kim Eng Research is keeping its “buy” call on Venture Corp with an unchanged target price of $28.83 amid healthy revenue forecasts among its customers.

    “We believe Venture remains a beneficiary of economic upcycle and multifaceted secular growth drivers,” says Lai Gene Lih in a report on Monday.

    According to Lai, 10 out of Venture’s 16 well-known customers beat Street estimates in 1Q18, and 12 have raised or reaffirmed their guidance.

    Consensus revenue for most of these customers have also been raised for FY18/19, he adds.

    “Our dashboards suggest that its customers remain confident about their 2018 prospects, anchored by robust capex spending, especially in the US,” Lai says. “Venture’s customers have been benefiting from a strong and expanding US economy.”

    “This corroborates what Venture has been sharing, that forecasts from its customers are healthy,” he says.

    Already, the signs are pointing toward a healthier outlook for the electronics manufacturer.

    “Global chip sales, a leading indicator of electronics demand, were up 19.8% y-o-y in March,” Lai says.

    At the same time, he notes that Singapore electronics production grew 11.3% y-oy in April, while in Malaysia, where around 65% of Venture’s workforce is based, electronics exports increased 27% y-o-y in 1Q18.

    In the 1Q18 ended March, Venture saw its earnings surge 72.2% to $83.7 million on the back of an improvement in net margin, which rose 4 percentage points to 9.8%.

    1Q18 revenue edged up 1.5% to $856.0 million, from $843.1 million a year ago.

    The group attributed the marginal increase to a weakened US dollar. In US dollar terms, revenue for 1Q18 would have grown by 9.1%, it reported.

    Despite the earnings surge, Venture’s share price has taken a beating, tumbling 25% since its April high.

    In the wake of a short-selling attack, shares in Venture plunged 32.6% within three weeks to close at a low of $19.42 on May 2.

    Venture’s troubles were exacerbated by claims that it was being affected by weakening sales of smokeless cigarette devices produced by Philip Morris International.

    The group, however, has declined to sooth the jitters by divulging more specific information about its business segments. Instead, it has reiterated its position that doing so could impair its competitive position.

    “As we approach its seasonally stronger 3Q and 4Q, earnings deliveries and potential improved clarity from management are expected to provide catalysts,” Lai says, noting that the recent share price decline has been due to “cyclical concerns” and “operational ‘opacity’”.

    “A stronger USD would also be positive for Venture and Singapore tech companies,” he adds.
     
  11. plutus2

    plutus2 Well-Known Member

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    hhhmmm Tankie still strong huh
     
  12. nottibird

    nottibird Moderator

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  13. nottibird

    nottibird Moderator

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    I added at 3.50 as well.
     
    sotong11 likes this.
  14. sotong11

    sotong11 Well-Known Member

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    afternoon snipers...

    Join you... bro NB...
     
  15. nottibird

    nottibird Moderator

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  16. nottibird

    nottibird Moderator

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    Waaaa.... how cum hers look like mannequin ones har?


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  17. nottibird

    nottibird Moderator

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    ST Engrg...

    Added SHORTs at 3.49.
     
  18. nottibird

    nottibird Moderator

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  19. plutus2

    plutus2 Well-Known Member

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    thats a good bomb away
     
  20. nottibird

    nottibird Moderator

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    ST Engrg...............bombs away at 3.47.
    Ascendas..............likewise at 2.67.
     
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