- Venture Corp reported a weak 3Q24 business update, with revenue and net profit declined both on a y-o-y and q-o-q basis despite a seasonally stronger 2H. 3Q24 net profit fell 4.3% y-o-y (- 5.0% q-o-q) to S$60.6mil on the back of a 2.3% y-o-y (-3.9% q-o-q) drop in revenue to S$689.7mil.
Weak 3Q24 despite a seasonally strong period, below expectations.
- - Read this at SGinvestors.io -
- Venture Corp's 3Q24 revenue and net profit account for 23%/22% of our full year forecasts, below expectations.
Stable net margins.
- - Read this at SGinvestors.io -
Strong cash positions.
- Venture Corp continued to generate strong operating cash flow and improvement in its working capital position from FY23. Net cash position increased by 13% from December ‘23 to S$1.19bn as of September ‘24.
Exposure to AI data centre offers significant potential for growth.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-11-11
Previous report by DBS:
2024-05-06 Venture Corporation - Improving 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 Dividends & Corporate Actions,
Venture Corp News Articles
