Venture Corporation - DBS Research 2024-02-23: Commendable Margins Despite Challenging Environment; On The Path To Recovery

Venture Corporation - Commendable Margins Despite Challenging Environment; On The Path To Recovery

Venture Corp (SGX:V03) | SGinvestors.ioVenture Corp (SGX:V03)
  • Venture Corp (SGX:V03)'s 4Q23 net profit came in at S$66.7m (-31.9% y-o-y, +5.3% q-o-q) while revenue declined 29.5% y-o-y (+4.3% q-o-q). FY23 revenue was registered at S$3,025.0m, down 21.7% y-o-y, due to softer demand across its technology domains as well as customers’ inventory destocking.
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  • A 50 cents dividend was declared, similar to last year. See Venture Corp's dividend dates.

Commendable net margin of 8.9% for FY23 despite high inflationary pressure coupled with lower revenue.

  • Venture Corp's 4Q23 net margin improved further to 9.1% (from 9.0% in 3Q23 and 8.7% in 2Q23).
  • FY23 net margin of 8.9% was lower than the 9.6% in FY22. Nevertheless, it is still commendable given the high inflationary environment in FY23, coupled with lower revenue.

Strong NPI pipeline ahead.

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  • With the gradual recovery of global economies, Venture Corp's customers are now more ready to launch new products.

Foray into the data centre ecosystem, riding on the AI wave.

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Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @

Lee Keng LING DBS Group Research | 2024-02-23

Previous report by DBS:
2023-11-06 Venture Corporation - 3Q23 Results Below Expectations; Outlook Improving.

Price targets by 6 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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