Venture Corporation - Maybank Research 2024-11-10: Outlook Still Muted

• 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 an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-04-09 Venture Corp - Margin Downside From Tariffs, But Offers 7% Yield.

Previous report by Maybank:
2025-02-23 Venture Corporation - Cloudy 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 Dividend Payout Dates & Corporate Actions,
Venture Corp News