Venture Corporation - UOB Kay Hian 2024-05-06: 1Q24 A Soft Start But Expect Sequential Improvement

Venture Corporation - 1Q24 A Soft Start But Expect Sequential Improvement

Venture Corp (SGX:V03) | SGinvestors.ioVenture Corp (SGX:V03)
  • Venture Corp’s 1Q24 earnings of S$60m (-18% y-o-y/-10% q-o-q) are broadly in line with our expectation, meeting 21% of our full-year estimate. The soft performance was due to lower customer demand amid some remaining headwinds which are beginning to taper off.
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1Q24 results in line with expectations, softness due to remaining headwinds which are tapering off.

  • Venture Corporation (SGX:V03)'s 1Q24 earnings of S$60m (-18% y-o-y/-10% q-o-q) were in line with expectations, forming 21% of our full-year estimate where 1Q is typically a seasonally weak quarter.
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  • With increasing focus on operational execution and productivity enhancements, net margin was maintained at 9%.

Expect stronger revenue on a sequential basis in 3Q24 and 2H24 based on strengthening customer demand.

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

John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | 2024-05-06

Previous report by UOB:
2024-02-23 Venture Corporation - 2023 In Line; Expect A Better 2H24 Than 1H24.

Price targets by 4 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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