- Venture Corp (SGX:V03)’s 4Q22E results should be positive as demand from customers remained strong coupled with a robust order pipeline. We estimate 4Q22 revenue of S$909m and PATMI of S$95m, and resilient margins. One of the key risks we see is US$ depreciation may impact earnings.
- - Read this at SGinvestors.io -
Well-diversified customer base (>100 customers)
- Venture Corp reported growth across all domains, resulting in 3Q22 quarterly revenue once again exceeding S$1b with backlog orders still to be cleared.
- Even in the semi-conductor sector where a slowdown is widely expected by the market, management remains confident its differentiation in capabilities, design and products should enable Venture Corp to experience strong demand from the value-chain where it operates.
Decent yield of 4.1% potentially
- - Read this at SGinvestors.io -
- Venture Corp has also made a share buyback to better utilise its S$701m of net cash.
US$ depreciation may impact earnings
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2023-01-31
Read also Maybank's most recent report:
2024-11-10 Venture Corporation - Outlook Still Muted.
Previous report by Maybank:
2024-08-06 Venture Corporation - Recovery Not Strong Enough; Downgrade To HOLD.
Price targets by 3 other brokers at Venture Corp Target Prices.
Listing of research reports at Venture Corp Analyst Reports.
Relevant links:
Venture Corp Share Price History,
Venture Corp Announcements,
Venture Corp Dividends & Corporate Actions,
Venture Corp News Articles
