Venture Corp.'s Demand Outlook Looks Weaker -- Market Talk

Dow Jones

2024-11-11

0423 GMT - Venture Corp.'s weaker demand outlook has prompted CGS International to lower its 2024-2026 revenue forecasts by 9.2% annually. The electronics-services provider's revenue fell on quarter due to soft demand in some of its segments, says analyst William Tng. Management has lowered its 2H revenue guidance to be relatively stable compared to 1H, citing weaker demand from some customers, he adds, noting that the company has previously guided that 2H revenue will be stronger than 1H. CGS International lowers its target price for the stock to S$14.35 from S$15.95, while reiterating an add rating. Shares are last at S$12.91.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 10, 2024 23:23 ET (04:23 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The electronics-services provider's revenue fell on quarter due to soft demand in some of its segments, says analyst William Tng. Management has lowered its 2H revenue guidance to be relatively stable compared to 1H, citing weaker demand from some customers, he adds, noting that the company has previously guided that 2H revenue will be stronger than 1H. CGS International lowers its target price for the stock to S$14.35 from S$15.95, while reiterating an add rating. 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The electronics-services provider's revenue fell on quarter due to soft demand in some of its segments, says analyst William Tng. Management has lowered its 2H revenue guidance to be relatively stable compared to 1H, citing weaker demand from some customers, he adds, noting that the company has previously guided that 2H revenue will be stronger than 1H. CGS International lowers its target price for the stock to S$14.35 from S$15.95, while reiterating an add rating. Shares are last at S$12.91.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 10, 2024 23:23 ET (04:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"V03.SI","symbol_name":"創業公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482697240","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482697240","pubTimestamp":1731298980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0423 GMT - Venture Corp.'s weaker demand outlook has prompted CGS International to lower its 2024-2026 revenue forecasts by 9.2% annually. 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Management has lowered its 2H revenue guidance to be relatively stable compared to 1H, citing weaker demand from some customers, he adds, noting that the company has previously guided that 2H revenue will be stronger than 1H. CGS International lowers its target price for the stock to S$14.35 from S$15.95, while reiterating an add rating. Shares are last at S$12.91.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 10, 2024 23:23 ET (04:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0}}}