Singapore Stock Market News
Venture Corporation - Not quite smoke-free yet
StockFanatic
Publish date: Mon, 23 Jul 2018, 01:00 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ In its just announced 2Q18 earnings, PM cut its FY18 earnings guidance. PM expects lower IQOS unit shipments and cut its heated tobacco unit shipments to 41bn-42bn.
■ The read through for IQOS device suppliers such as Venture could be negative. On a positive note, PM is excited about its new IQOS to be launched in FY19.
■ We have a Hold call and a target price of S$17.83. Read More
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