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Thursday, August 9, 2018

Venture

Venture Corporation Ltd (VMS) delivered a good set of 2Q18 results. 


Aa 40.2% rise in 2Q18 earnings to $97.9 million from $69.8 million in the same quarter a year ago.   
The bottom line growth was largely due to an improved net margin of 10.3% in the latest quarter compared to 6.9% in 2Q17 and came despite a 6% fall in revenue to $952.3 million from $1 billion previously.
Interim dividend of 20 cents was being declared.
XD 5/9.
pay date 19/9.
With this beautiful set of financial result, the price has managed to stage a strong recover from the low of $16.82 and rises higher to touch $19.30, this is pretty impressive / bullish.

With the bullish momentum, i think price may likely continue to trend higher to re-test the recent higher of $19.30.
Crossing over with ease + good volume, that may propel to drive the price higher towards 20.00 and above.

Not a call to buy or sell.
Please do your own due diligence.

Venture Corporation Limited provides technology solutions, products, and services in Singapore, other countries in the Asia Pacific, and internationally. The company operates through Electronics Services Provider, Retail Store Solutions and Industrial, and Components Technology segments. It engages in the design, manufacture, assemble, and distribution of electronic, and other computer products and peripherals; manufacture and sale of terminal units; manufacturing and trading of mechanical products; development and marketing of color imaging products for label printing; and design, integration, and trading of electronic security systems. The company is also involved in the provision of electronics services; manufacture, design, engineering, customization, and logistic and repair services; information system development and support services; and management services. In addition, it engages in the manufacture, design, fabrication, stamping and injection, metal punching, and spraying of industrial metal parts, tools, and dies; design, customization, and marketing of tool-making and precision engineering solutions; manufacture of plastic injection molds and moldings with secondary processes and subassembly; and import and export of electronic parts, components, equipment, devices, and instruments. Venture Corporation Limited was founded in 1984 and is headquartered in Singapore.


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