- Venture Corp (SGX:V03)'s 2023 results were within expectations. Earnings weakness persisted into the 4Q23, with PAT declining 25% y-o-y to S$67.4mil. The final dividend was unchanged at 50 cents and full-year at 75 cents.
- - Read this at SGinvestors.io -
- We believe driving growth will be new products by customers in semiconductor equipment, data centres connections, and medical and luxury consumer products. Visibility to earnings growth is poor and depends on customer confidence to launch new products.
- Our FY24e earnings forecast for Venture Corp are raised a marginal by 2% to S$287mil.
The Positive
Record net cash.
- - Read this at SGinvestors.io -
- Inventory is beginning to normalise to S$822mil but remains higher than pre-pandemic levels of S$706mil, despite the lower revenue.
- Interest income has almost tripled to S$28mil, accounting for 8% of earnings.
The Negative
Sluggish revenue and earnings.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2024-02-26
Previous report by Phillip:
2023-11-06 Venture Corporation - As Weak As During The Pandemic.
Price targets by 5 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
