- 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.
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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.
