- 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.
