Venture Corporation - UOB Kay Hian 2023-02-27: 2022 Results Slightly Above Expectations; Expect A Resilient 2023 Amid Adversities

• Venture Corp (SGX:V03)’s 2022 earnings of S$370m (+18% y-o-y) were slightly above our estimate. All of its seven domains recorded growth due to strong customer demand, especially for life science, healthcare and test & measurement.
• - Read this at SGinvestors.io -
• Maintain BUY and target price of S$20.20.

Venture Corp's 2022 results slightly above expectations

• Venture Corp’s 2022 earnings of S$370m (+18% y-o-y) were slightly above our estimate by 2%. 2022 revenue grew 24% y-o-y, reflecting robust customer demand in several technology domains and new product introductions.
• - Read this at SGinvestors.io -
• Net margin remained stable at 9.6%, which is an indication of Venture Corp’s core competencies and pricing power.

Outlook appears more balanced, indicating milder growth for 2023 after a strong 2022.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-01-21 Venture Corporation - Remain Focused & Cautiously Optimistic For The Medium Term.

Previous report by UOB:
2024-07-31 Venture Corporation 2Q24 Results Preview - Expect A Sequential Improvement.

Price targets by 4 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 Dividend Payout Dates & Corporate Actions,
Venture Corp News