Venture - Today A nice white soldier appearing on the chart , looks like Buying interest is back! Closed 35 cents higher at 14.16. She may continue to trend higher!

 Venture  - Today A nice white soldier appearing on the chart , looks like Buying interest is back! Closed 35 cents higher at 14.16. She may continue to trend higher! 

She is looking good to rise up to test 14.42! Next,  she may rise up further towards 15.00 than 15.56. 

Pls dyodd. 

30th August 2024: 

Venture  - Today XD, at least the price didnt drop much! At 14.02, yield is about 5.35 percent for this blue chips index counter seem like the price is well supported by the dividend yield! 

She will need to rise back to 15 dollars in order to reverse this downtrend mode! 

Pls dyodd.

 7th August 2024 update:

  Venture - Chart wise, It looks like the selling down is too fast and overly extended with 3 long and wide bearish candlestick I think a technical rebound may likely happen! 

Today, the company bought back 100K share at about 13.69 looks like the price is undervalued! 

https://links.sgx.com/1.0.0/corporate-announcements/YGV3DGT33OE0985H/7623b1a819dcb41fe2249a9cb7d751850116abbfcd3e6973ced759b301e1b3f0

It is now resting at the support at 13.76. High probability we may see a bounce-off from here! 

Pls dyodd. 

Venture - 2nd quarter results is out! Slight improvement from 1st quarter with Gross Revenue is up 7.6 percent to 717m versus 666m. Net profit is up 5.7 percent to 63.5m versus 60m. Interim dividend of 25 cents.

 XD 30th August. Pay date 12th September. Pls dyodd. 

First Half Net profit is down 11.7% to 123.70m versus 140m. 

Net cash position improves to 1.19b.

NAV 9.82.

Cash generated from operating activities was 302.3m.

Outlook :

2nd Half of 2024 group revenue will be much better than 1st Half 2024.