Latest news with #VentureCorp
Business Times
11-08-2025
- Business
- Business Times
Singapore stocks fall amid cautious market sentiment; STI down 0.2%
[SINGAPORE] Local shares closed lower on the first trading day of the week, tracking a mixed performance across Asian markets, as investors braced for geopolitical developments and key corporate earnings in the days ahead. The blue-chip Straits Times Index (STI) finished 0.2 per cent or 7.05 points down at 4,232.78 on Monday (Aug 11). Across the broader market, gainers outnumbered losers 279 to 254, with about 1.3 billion securities worth S$1.4 billion changing hands. On the STI, technology solutions provider Venture Corp led the gains, rising 1.1 per cent or S$0.15 to S$13.25. Sembcorp was at the bottom of the list, down 3.4 per cent or S$0.23 at S$6.49. Earlier on Monday, Maybank downgraded the stock to 'hold' and cut its target price to S$6.40 from S$7.10, following last week's earnings decline . The trio of local banks ended the day mixed, with DBS ending flat at S$50.75. OCBC rose 0.5 per cent or S$0.09 to S$16.88, and UOB gained 0.1 per cent or S$0.05 to close at S$35.75. Major indices across the region were varied. The Kospi slipped 0.1 per cent, while the Nikkei 225 advanced 1.9 per cent. The KLCI rose 0.4 per cent and the Hang Seng added 0.2 per cent. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up This came at the start of a 'high-stakes' week with a preliminary trade truce between the US and China set to expire, and other countries pushing to secure agreements with the American administration, said Christian Gattiker, head of research at Julius Baer. He noted that a global macro pulse will emerge from a raft of inflation, production and spending data. US headline and core consumer price indices, due to be released on Tuesday, are expected to remain above the Federal Reserve's 2 per cent target, amid signs that import tariffs may be feeding into prices. China will also release its second-quarter activity data on Friday, including retail sales, industrial production and fixed investment. These reports, along with Q2 gross domestic product figures from several Asian economies, are likely to shape expectations for the region's growth trajectory. 'With central bank decisions, political headlines and key earnings also in play, markets may not enjoy a typical August breather,' added Gattiker.
Yahoo
08-08-2025
- Business
- Yahoo
Venture First Half 2025 Earnings: EPS: S$0.39 (vs S$0.43 in 1H 2024)
Explore Venture's Fair Values from the Community and select yours Venture (SGX:V03) First Half 2025 Results Key Financial Results Revenue: S$1.26b (down 8.8% from 1H 2024). Net income: S$113.0m (down 8.6% from 1H 2024). Profit margin: 9.0% (up from 8.9% in 1H 2024). The increase in margin was driven by lower expenses. EPS: S$0.39 (down from S$0.43 in 1H 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Venture Earnings Insights Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Performance of the market in Singapore. The company's shares are up 3.2% from a week ago. Risk Analysis Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Venture that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Times
06-08-2025
- Business
- Business Times
Venture Corp posts 8.6% drop in H1 net profit to S$113 million
[SINGAPORE] Technology solutions provider Venture Corp posted an 8.6 per cent drop in net profit to about S$113 million for the six months ended Jun 30, down from S$123.7 million the year before. Revenue fell 8.8 per cent to S$1.3 billion, from S$1.4 billion previously, the mainboard-listed group said in a regulatory filing on Wednesday (Aug 6). Venture attributed the decline to softer customer demand for its lifestyle technology offerings, as well as improved reliability and longevity of a customer's key product – due to the group's R&D and design efforts – which triggered fewer product replacements. Earnings per share stood at 39.2 Singapore cents for the first half, down from 42.6 cents in the previous year. The company declared a total dividend of 30 Singapore cents per share; this comprised a 25-cent interim dividend and a 5-cent special dividend, up from an interim dividend of 25 cents in H1 2024. The dividend will be paid on Sep 12, after the books are closed on Sep 2. Venture generated net cash of S$149.8 million in H1, down from S$270.3 million the year before. However, its working capital position improved by S$119.1 million, driven by lower inventories and better trade receivables and payables. The group acknowledged ongoing uncertainties from the broad-based US tariffs and continued softness in the lifestyle segment. Still, it said it remains confident in its ability to 'turn volatility into opportunities', citing its resilient business model and strong balance sheet. Shares of Venture closed at S$12.72 on Wednesday, down 10 cents or 0.78 per cent, following the announcement of its results.
Business Times
11-06-2025
- Business
- Business Times
Singapore shares buck regional trend to close lower; STI falls 0.4%
[SINGAPORE] Local stocks fell for the second straight day on Wednesday (Jun 11), bucking the gains in most Asian markets as investors are concerned about the lack of details in the recently concluded US-China trade talks. While the world's two largest economies agreed to a preliminary deal on how to implement the consensus reached in Geneva, the full details of their accord were not immediately available. US negotiators said they 'absolutely expect' that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation. Investors are also looking ahead to the latest US bond auction on Jun 12, where the Treasury is set to sell US$22 billion of 30-year government bonds. While part of its regularly scheduled borrowings, the results are keenly watched for an instant read on the scope of demand, at a time when investor appetite for 30-year US debt has soured. 'A lack of demand for US government debt would impede the rally's momentum and throw a bone to the bears,' Jose Torres, senior economist at Interactive Brokers, said in a report, referring to the recent gains in American equities. In Singapore, the benchmark Straits Times Index (STI) fell 0.4 per cent or 14.75 points to end at 3,919.05. In the broader market, gainers beat losers 310 to 183, with around 1.1 billion securities worth S$1.2 billion changing hands. Venture Corp was the top blue-chip gainer, rising 1.2 per cent or S$0.14 to S$11.38. ST Engineering was the biggest decliner, falling 1.9 per cent or S$0.15 to close at S$7.71. The trio of local banks ended lower. DBS fell 0.6 per cent or S$0.28 to S$44.87; OCBC dropped 0.7 per cent or S$0.11 to S$16.16; and UOB shed 0.4 per cent or S$0.13 to S$35.12. Markets in most of Asia closed higher, with South Korea's Kospi up 1.2 per cent and leading the advance. This was followed by Taiwan's Taiex, which gained 1 per cent. Greater China markets also rose; Hong Kong's Hang Seng Index was the best performer, notching an increase of 0.8 per cent.
