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

• 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.
• - Read this at SGinvestors.io -
• 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.
• - Read this at SGinvestors.io -

FY23 dividend of S$0.75 ~ 5.3% Yield

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-04-09 Venture Corp - Margin Downside From Tariffs, But Offers 7% Yield.

Previous report by Maybank:
2025-02-23 Venture Corporation - Cloudy 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 Dividend Payout Dates & Corporate Actions,
Venture Corp News