Venture Corp

Results

Venture Corp posts $60.6 million net profit in 3QFY2024, down 4.7% q-o-q

The company expects its revenue for 2HFY2024 to be relatively stable compared to 1HFY2024.
Seeing Is believing - THE EDGE SINGAPORE

Capital markets

Seeing is believing

Chew says that the key factor for Singapore's market ecosystem revival hinges on sustainable institutional demand.
Analysts maintain ‘buy’ on Venture Corp despite 1HFY2024 slight earnings miss - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain ‘buy’ on Venture Corp despite 1HFY2024 slight earnings miss

CGSI raised its TP slightly to $15.95 while DBS trimmed its TP to $16.40.
Venture’s second-largest shareholder Ameriprise trims stake; Silchester emerges as substantial shareholder - THE EDGE SINGAPORE

Insider moves

Venture’s second-largest shareholder Ameriprise trims stake; Silchester emerges as substantial shareholder

Silchester, Venture's fourth largest shareholder, is also the largest shareholder of ComfortDelGro
Analysts stay positive on Venture despite weaker than expected 1QFY2024 - THE EDGE SINGAPORE

Broker's Calls

Analysts stay positive on Venture despite weaker than expected 1QFY2024

Despite the lower top and bottom lines, Venture was able to hold on to its net margins at 9% for the quarter
No 'surprises' from Venture's FY2023 earnings; DBS raises target price on brighter outlook - THE EDGE SINGAPORE

Broker's Calls

No 'surprises' from Venture's FY2023 earnings; DBS raises target price on brighter outlook; RHB downgrades to 'neutral'

'Venture is on the path to recovery and with its diversified product mix and blue-chip customer base'
Investors turn positive on Venture Corp on share buybacks and higher revenue guidance of customers - THE EDGE SINGAPORE

Investing ideas

Investors turn positive on Venture Corp on share buybacks and higher revenue guidance of customers

Venture's new share buyback plan differs from its previous plan where shares were bought for employees' options

Insider moves

CapitaLand Investment and Venture Corp step up buybacks

CapitaLand Investment, with its head has been buying more shares recently following the profit warning
Regular BDC winner Venture Corp triumphs again - THE EDGE SINGAPORE

Billion Dollar Club 2023

Regular BDC winner Venture Corp triumphs again

Venture, one of the leading Singapore-listed manufacturing names, wins the overall sector and returns to shareholders categories
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