Venture Corp (SGX:V03)’s 1Q26 revenue of S$628.5m (+1.9% y-o-y) and net profit of S$56.3m both formed 24% of our full-year forecasts. On a constant currency basis, revenue would have grown 8% y-o-y, indicating strong momentum.
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AI, data centre and semiconductor demand drive growth.
Growth was driven by Portfolio B, which recorded a S$42m y-o-y increase driven by demand for AI-related infrastructure.
In contrast, Portfolio A declined by S$30m y-o-y, mainly due to lower replacement volumes in the lifestyle consumer segment following prior design improvements that extended product lifecycles.
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Medical devices and equipment,
Healthcare & wellness technology, lifestyle consumer tech, health improvement products.
Portfolio B includes:
Instrumentation, test & measurement technology,
Networking & communications, security & safety, building automation, industrial IOT,
Advanced payment systems,
Advanced industrial technology, computing & productivity systems, printing & imaging, related components technology, and
others.
Fortress balance sheet to support steady dividends and share buybacks.
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Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
