- Venture Corp's 3Q24 revenue of S$689.7m and NPAT of S$60.6m are below ours and consensus estimates. Management lowered its guidance and now expects 2H24E to be relatively flat from 1H24E.
3Q24 weaker than expected
- - Read this at SGinvestors.io -
- Venture Corp's management now expects 2H24 revenue to be relatively stable compared to 1H24 rather than higher previously.
Monetising NPIs for longer term growth
- Venture Corp is in the process monetising several NPIs, especially in exciting areas like life science and data centres that have the potential to scale up massively.
- - Read this at SGinvestors.io -
Lower target price to S$12.60 from S$14.20
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank.com/ 2024-11-10
Previous report by Maybank:
2024-08-06 Venture Corporation - Recovery Not Strong Enough; Downgrade To HOLD.
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
