Venture Corp.'s Outlook Likely to Remain Muted -- Market Talk

Dow Jones

Nov 11, 2024

0205 GMT - Venture Corp.'s outlook is likely to remain muted after the company's 3Q earnings came in below expectations, Maybank Research analyst Jarick Seet writes, as the brokerage trims its target price for the stock. The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 10, 2024 21:05 ET (02:05 GMT)

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The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.(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 21:05 ET (02:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Venture Corp.'s Outlook Likely to Remain Muted -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVenture Corp.'s Outlook Likely to Remain Muted -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-11 10:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0205 GMT - Venture Corp.'s outlook is likely to remain muted after the company's 3Q earnings came in below expectations, Maybank Research analyst Jarick Seet writes, as the brokerage trims its target price for the stock. The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.(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 21:05 ET (02:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"V03.SI","symbol_name":"创业公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482248048","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482248048","pubTimestamp":1731290700,"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":"0205 GMT - Venture Corp.'s outlook is likely to remain muted after the company's 3Q earnings came in below expectations, Maybank Research analyst Jarick Seet writes, as the brokerage trims its target price for the stock. The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"V03.SI":"创业公司"},"translate_title":"风险投资公司的前景可能仍然低迷——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"V03.SI":1},"content_text":"0205 GMT - Venture Corp.'s outlook is likely to remain muted after the company's 3Q earnings came in below expectations, Maybank Research analyst Jarick Seet writes, as the brokerage trims its target price for the stock. The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 10, 2024 21:05 ET (02:05 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}