- 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.
- - Read this at SGinvestors.io -
- 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.
- - Read this at SGinvestors.io -
- 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.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-02-23
Read also DBS's most recent report:
2024-11-11 Venture Corporation - Recovery Delayed, Not Derailed.
Previous report by DBS:
2024-05-06 Venture Corporation - Improving Outlook.
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 Dividends & Corporate Actions,
Venture Corp News Articles
