The Business Times
business-time-50
SUBSCRIBERS

Hot stock: Venture shares fall on Monday after Q1 results release

google-preferred-sourceAdd BT as a preferred source

Bryan Kow

Published Mon, May 8, 2023 · 10:57 AM
    • The company has reported that its Q1 net profit was down 12.4 per cent year on year to S$73.6 million.
    • The company has reported that its Q1 net profit was down 12.4 per cent year on year to S$73.6 million. PHOTO: VENTURE CORPORATION

    SHARES of Venture Corporation fell on Monday (May 8) morning after the technology company last week reported a year-on-year decline in its profit for the first fiscal quarter.  

    As at 9.27 am, the counter had shed S$1.04 or 6.1 per cent to S$16.02 from the previous week’s closing price of S$17.06. This was S$0.54 or 3.3 per cent below Friday’s adjusted close of S$16.56, factoring in a dividend of S$0.50 per share. The company began trading ex-dividend on Monday morning.

    It later recovered to trade at S$16.10, down S$0.96 or 5.6 per cent, as at 10.37 am. 

    venture corpHot StockTechnologySpotlight

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More