Meteoric Singapore Stock Comes Crashing Back to Earth
- Venture plunges over eight days after short report, earnings
- That comes after tech darling more than tripled in two years
An Venture Corp. employee feeds chips into a surface mount machine on an assembly line at the company's factory in Singapore, Feb. 27, 2007.
Photographer: Munshi Ahmed/Bloomberg
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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.