- Venture Corp (SGX:V03)'s 1Q23 results were below expectations. Revenue and PAT were 20%/20% of our FY23e forecast. PAT was the lowest in almost three years.
- Guidance by Venture Corp is that demand weakness is expected in the near term. Customers have turned more cautious in their orders.
- - Read this at SGinvestors.io -
The Positive
Improvement in net cash position.
- Venture Corp's net cash has improved by S$105mil y-o-y in 1Q23 to S$920mil. The high-interest rate environment with fixed deposit rates at 4% to 5% will be supportive of earnings this year.
The Negatives
Inventory elevated ahead of slowdown.
- - Read this at SGinvestors.io -
Revenue shrinking again.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2023-05-08
Previous report by Phillip:
2023-02-27 Venture Corporation - Outlook Starting To Dim.
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 Dividends & Corporate Actions,
Venture Corp News Articles
