- 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.
- - Read this at SGinvestors.io -
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.
- - Read this at SGinvestors.io -
- 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.
- Read more at SGinvestors.io.
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 @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-05-06
Read also UOB's most recent report:
2024-07-31 Venture Corporation 2Q24 Results Preview - Expect A Sequential Improvement.
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
