- Venture Corp is at various stages of implementing new business wins in design and manufacturing for various segments. However, the near-term business environment remains uncertain with customers still not ramping up orders due to macro-environment factors.
FY24 in line with expectations.
- - Read this at SGinvestors.io -
- Venture Corp's FY24 NPAT of S$245m was right in line with our estimate with a final dividend of S$0.50 per share proposed. See Venture Corp's dividend payout dates.
- - Read this at SGinvestors.io -
1Q25E should be weak.
- Venture Corp is at various stages of implementing new businesses wins in design and manufacturing, including products in Network & Communications, Test & Measurement instrumentation, semi-con related equipment, life science, precision engineering and lifestyle consumer technology domains.
- However, its near-term is likely to remain weak as customers are still holding back their orders due to macro-environmental factors.
- As a result, we expect its 1Q25E to remain weak and signs of a turnaround should occur in 2H25E.
Lower target price to S$12.40.
- 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.maybanktrade.com.sg/ 2025-02-23
Previous report by Maybank:
2024-11-10 Venture Corporation - Outlook Still Muted.
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
