After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth.
All eyes in the country’s financial community have been on Venture Corp., an electronics stock that more than tripled since April 2016 to become — at one point — a $6.5 billion firm. So meteoric was its advance that Venture became the only technology company listed on Singapore’s blue-chip 30-member Straits Times Index.
Venture Chief Executive Officer Wong Ngit Liong boosted hisstake in 2016 — for the first time in many years — ahead of the stock rally. Beyond that, analysts say, he has largely kept quiet about Venture’s business.
Here’s what we know about the company: it began as a contract manufacturer of electronics components in 1984. These days, it has expanded to provide services such as supply chain management and technical support for goods ranging from medical devices to communications equipment.
And the market agreed with Wong’s view of the stock. Investors kept buying.
More at https://www.prolificcrap.com/forum/...tors-in-singapore-tech-darling-suffer-33-loss
All eyes in the country’s financial community have been on Venture Corp., an electronics stock that more than tripled since April 2016 to become — at one point — a $6.5 billion firm. So meteoric was its advance that Venture became the only technology company listed on Singapore’s blue-chip 30-member Straits Times Index.
Venture Chief Executive Officer Wong Ngit Liong boosted hisstake in 2016 — for the first time in many years — ahead of the stock rally. Beyond that, analysts say, he has largely kept quiet about Venture’s business.
Here’s what we know about the company: it began as a contract manufacturer of electronics components in 1984. These days, it has expanded to provide services such as supply chain management and technical support for goods ranging from medical devices to communications equipment.
And the market agreed with Wong’s view of the stock. Investors kept buying.
More at https://www.prolificcrap.com/forum/...tors-in-singapore-tech-darling-suffer-33-loss
