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/.
