- In FY24, Venture Corp reported a 9.6% y-o-y decline in revenue to S$2,735.9m due to softer customer demand, mainly in the lifestyle consumer domain. The other domains like Networking & communications and advanced industrial tech domain saw improvement in 2H24 vs 1H24.
Gross margin was stable at 26.0%, vs 25.5% in FY23.
- - Read this at SGinvestors.io -
- Overall, Venture Corp FY24 results were in line with our expectations.
- A final dividend of S$0.50 was declared, similar to the previous year. The translates to a full year Venture Corp's dividends of S$0.75 and 89% payout ratio.
Continued growth in datacenter-related segments.
- - Read this at SGinvestors.io -
- Continued high demand for networking cards and GPUs, particularly within the data center market, is also a significant driver. Venture Corp actively works with semiconductor companies at the wafer stage, providing services directly to data center clients.
Navigating challenges in Life Sciences.
- 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/ 2025-02-24
Previous report by DBS:
2024-11-11 Venture Corporation - Recovery Delayed, Not Derailed.
Price targets by 4 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
