Venture Corporation - Maybank Research 2024-02-23: No Surprise In Results

Venture Corporation - No Surprise In Results

Venture Corp (SGX:V03) | SGinvestors.ioVenture Corp (SGX:V03)
  • Venture Corp (SGX:V03) reported revenues of S$3.025 bn and PATMI of S$270 mil, right in line with our estimates. Going forward, FY24E should be a slightly better year than FY23 as macro challenges remain.
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  • All in all, a final dividend of S$0.50 per share has been declared on top of the previous 10 mil share-buyback mandate approved in Nov 2023, returning more value to shareholders.

2H24E likely stronger than 1H24E

  • Venture Corp's management revealed that after receiving feedback from its customers, the demand schedule will be stronger in 2H24 than in 1H24. However, 2024 should likely be a stronger year than 2023.
  • It also remains confident of maintaining net margins of between 8-10% for FY24E and continues to see significant growth opportunities in eco-systems like life sciences, test & measurement instrumentation, hyperscale data centres, semi-conductor equipment, advanced industrial, networking & communications and luxury lifestyle and wellness domains.
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FY23 dividend of S$0.75 ~ 5.3% Yield

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Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @

Jarick Seet Maybank Research | 2024-02-23

Previous report by Maybank:
2024-01-30 Venture Corporation - Safe Haven In Crazy Tech World.

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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