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

• 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 an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-02-24 Venture Corporation - Policy Headwinds.

Previous report by Phillip:
2024-11-11 Venture Corporation - Paid To Gaze At The Horizon.

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 Dividend Payout Dates & Corporate Actions,
Venture Corp News