Venture Corporation 1Q23 - Phillip Securities 2023-05-08: Weakness To Persist

Venture Corporation 1Q23 - Weakness To Persist

Published:
Venture Corp (SGX:V03) | SGinvestors.ioVenture Corp (SGX:V03)
  • 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



Read also Phillip's most recent report:
2023-11-06 Venture Corporation - As Weak As During The Pandemic.

Previous report by Phillip:
2023-08-07 Venture Corporation - No Recovery Visible, Only Dividends.

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





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