Friday, 12 May 2017

Venture Corporation Limited (V03)

Technical Analysis

The 20-day MA crossed the 50-day MA most recently in October 2016, indicating a short term up-trendThe 50-day MA crossed the 200-day MA most recently in April 2016, indicating a long term up trend.

Company Performance and Dividends

Cash flow from operations have been positive in the past four years. It is on an overall up-trend through the same period.

The compounded annual growth rate of the Earnings Per Share (EPS) is at 14.9% through the last four years. Based on estimations from the recent quarterly results, they are expected to announce higher earnings in FY2017.

Debt is currently at 0.3 times of the company's earnings. Long term debt is consistent through the last four years.

Dividends per share is consistent through the past four years. In twelve months (May 2016 to May 2017), the company pays $500.00 per 1000 shares invested, attributing to a dividend yield of 3.9% against the current price. The payout ratio is at 71.6%.


Share price is currently trading at 18.9 times the company's earnings and 1.8 times its book value. Comparing to the growth rate, the share price is currently over-valued by 1.3 times.


Venture Corporation Limited, together with its subsidiaries, provides technology services, products, and solutions worldwide. The company operates through Electronics Services Provider, Retail Store Solutions and Industrial, and Components Technology segments. It offers manufacturing, product design and development, engineering, and supply-chain management services to the electronics industry. The company also designs, manufactures, assembles, distributes, and trades in electronic, mechanical, and computer related products and peripherals; manufactures and sells terminal units; develops and markets color imaging products for label printing; and develops and supports information systems. In addition, it engages in the provision of manufacture, design, engineering, customization, and logistics and repair services; manufacture, design, fabrication, stamping and injection, metal punching, and spraying of industrial metal parts, tools, and dies; and design, customization, and marketing of tool-making and precision engineering solutions. Further, the company manufactures plastic injection molds and moldings with secondary processes and subassembly; and provides manufacturing services to electronics equipment manufacturers, as well as offers management services. Additionally, it imports and exports electronic parts, components, equipment, devices, and instruments. Venture Corporation Limited was founded in 1984 and is headquartered in Singapore.

Major shareholders include
Ngit Liong Wong
BlackRock, Inc.
Sprucegrove Investment Management Ltd
Aberdeen Asset Management PLC
BNP Paribas Securities Corp, Asset Management Arm


First quarter revenue was up 33.7% to $843.1 million compared to the same quarter a year ago.

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