- We expect Venture Corp to report 4Q23 earnings of S$65m (-34% y-o-y/+3% q-o-q), its first q-o-q growth after three consecutive quarters of decline since 1Q23. Earnings growth in 2024 will be driven by customers’ inventory restocking, new product launches and relocation of manufacturing facilities to the ASEAN region.
- - Read this at SGinvestors.io -
Expect Venture Corp to report q-o-q recovery in earnings in 4Q23 & marginal earnings growth of 5% in 2024.
- Venture Corp (SGX:V03) is expected to release its 2023 results on 22 Feb 24, after the close of trading (See earnings calendar). We expect Venture Corp to report 4Q23 earnings of S$65m (-34% y-o-y /+3% q-o-q), its first q-o-q growth after three consecutive quarters of decline since 1Q23.
- - Read this at SGinvestors.io -
- In Venture Corp’s latest outlook, it expects the extent of decline in demand from customers to ease as inventory destocking is entering the final stages. Venture Corp is also hopeful that new product launches from its customers and more relocation of manufacturing activities to the ASEAN region could improve demand for its manufacturing facilities.
Outlook for most of Venture Corp's customers are healthy.
- Read more at SGinvestors.io.
