- We raise our Venture Corp's target price after recalibrating our earnings for 1H25’s results, imputing a higher multiple on the back of sector re-rating and positive earnings outlook. We keep our call given Venture Corp’s attractive valuation and yield.
- - Read this at SGinvestors.io -
Positive outlook, strong balance sheet, priced below peers.
- Venture Corp’s outlook remains positive, driven by higher value solutions, differentiated capabilities, new product introductions or NPIs, and better certainty of customer orders post lowering of US tariff rates for Malaysia. The stock is attractively priced at below peers’ valuation of 20x forward P/E with FY25-27F earnings growth CAGR of 6%.
- - Read this at SGinvestors.io -
1H25 earnings slightly below.
- Read more at SGinvestors.io.