- Venture Corp (SGX:V03)’s 4Q22 earnings slightly exceeded consensus and our estimates, with revenue at S$1.045b (estimate: S$0.91b) and PATMI of S$98m (S$95m). See Venture Corp's announcement dated 24 Feb 2023.
- - Read this at SGinvestors.io -
- We believe in the longer-term outlook for Venture Corp and maintain BUY.
Growth in all areas
- Venture Corp reported revenue growth across all domains with portfolio A & B up 32% and 19%, respectively.
- - Read this at SGinvestors.io -
- Venture Corp also targets to have more differentiated capabilities from peers in order to have a sustained edge and stickiness with customers while also having total control over modules or certain sections of the products it manufactures. Demand in 2023 from life science, instrumentation and healthcare customers remain strong.
Dividend in line at S$0.75 for FY22
- 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/ 2023-02-27
Read also Maybank's most recent report:
2024-08-06 Venture Corporation - Recovery Not Strong Enough; Downgrade To HOLD.
Previous report by Maybank:
2024-05-05 Venture Corporation - 1Q Disappoints But Brighter Outlook.
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
