Venture Corporation - DBS Research 2024-11-11: Recovery Delayed, Not Derailed

Venture Corporation - Recovery Delayed, Not Derailed

Published:
Venture Corp (SGX:V03) | SGinvestors.io
  • 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 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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