- We expect Venture Corp to report a robust 2022 earnings growth of 17% y-o-y (S$364m) and we think our 4Q22 earnings estimate of S$92m (-3% y-o-y/-5% q-o-q) is conservative. The majority of Venture Corp’s customers, which are US-listed MNCs, have continued to guide for healthy growth in their latest outlook statements.
- - Read this at SGinvestors.io -
Expect Venture Corp to report robust earnings growth for 2022.
- We expect Venture Corp (SGX:V03) to report S$364m earnings for 2022, up 17% y-o-y. This will be largely driven by solid growth across all the domains thanks to Venture Corp’s differentiating capabilities in redesigning products and various measures taken to mitigate the impact of supply chain issues.
- - Read this at SGinvestors.io -
- To recap, Venture Corp's 3Q22 earnings of S$97m (+26% y-o-y) exceeded our expectation by around 10%, and net margin remained stable at 9.5%, which is an indication of Venture Corp’s core competencies and pricing power.
Outlook for customers remains promising, matching Venture Corp’s expectations.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-01-17
Read also UOB's most recent report:
2024-02-23 Venture Corporation - 2023 In Line; Expect A Better 2H24 Than 1H24.
Previous report by UOB:
2024-01-29 Venture Corporation - Expect Earnings Recovery In 4Q23 & 2024; Raise Target Price By 16%.
Price targets by 5 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
