Venture Corporation - RHB Invest 2024-11-11: Soft Demand Delaying 2H Recovery; Maintain BUY

• We stay positive on Venture Corp (SGX:V03) on its recovery into FY25 despite 3Q24 net profit trailing our estimates. 3Q24 was affected by soft customer demand, which delays our recovery expectations and build-up of customer orders to happen from 2H24 into FY25.
• - Read this at SGinvestors.io -

3Q24 slightly below.

• Venture Corp's 3Q24 revenue was S$690m (-4% q-o-q, -2% y-o-y) while net profit came in at S$61m (-5% q-o-q, -4% y-o-y), slightly below expectations.
• Both revenue and earnings were dragged by soft demand from the life science, lifestyle consumer and test & measurement instrumentation domains, offset by better networking & communications and semiconductor-related equipment domains. Net margin was largely in line at 8.8%.
• - Read this at SGinvestors.io -
• Venture Corp's net cash remains unchanged at S$1.2bn from 2Q24 (+33% y-o-y).

Lower FY24F-26F earnings by 11%, 7%, 7%.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-12-03 Venture Corp - Differentiating Solutions To Drive Growth; BUY.

Previous report by RHB:
2025-11-14 Venture Corp - Well Positioned For Long-term Growth; Keep BUY.

Price targets by 2 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