Venture    Last:17.5    -0.08

2022 Venture Corporation - A Year Of Recovery

50cts dividend is quite disappointing. It's the same amount almost every year. Was thinking this year will have better dividends post pandemic...

spursfan      ( Date: 24-Feb-2023 17:30) Posted: Press Release  VENTURE POSTS FY 2022 REVENUE GROWTH OF 24.3% YoY  TO OVER S$3.8 BILLION AND  NET PROFIT GROWTH OF 18.4% YoY TO S$370 MILLION,  BEATING MARKET CONSENSUS   SINGAPORE, 24 FEBRUARY 2023 &ndash Venture Corporation Limited (Venture, or the &ldquo Group&rdquo ) today reported its financial results for the three months ended 31 December 2022 (4Q 2022) and 12 months ended 31 December 2022 (FY 2022). ....   PROPOSED FINAL DIVIDEND The Board of Directors has recommended a final dividend of S$0.50 per share on a one-tier tax-exempt basis for FY 2022. Including the interim dividend of S$0.25 per share paid in September 2022, the total dividend for FY 2022 will amount to S$0.75 per share. Subject to the approval of shareholders at the upcoming Annual General Meeting to be held in April 2023, the proposed final dividend will be paid on 23 May 2023 FINANCIAL RESULTS HIGHLIGHTS     FY  2022 FY  2021 Chg (%) 4Q 2022 4Q 2021 Chg (%) Revenue 3,863.7 3,107.5 24.3 1,045.0 905.4 15.4 Net Profit1 369.6 312.1 18.4 98.0 94.6 3.5 Net Profit Margin (%) 9.6 10.0 - 9.4 10.5 - Earnings Per Share (cents) 126.8 107.0 18.5 33.6 32.5 3.4     31 December 2022 31 December 2021 Cash and bank balances 812.6 807.9 Net Asset Value per share (cents) 975.8 934.8 In S$ million unless otherwise stated 1 Net profit attributable to owners of the Company https://links.sgx.com/1.0.0/corporate-announcements/UCSUFRK3LBCZZ8IK/747666_FY2022_Press_Release.pdf

 

Press Release 

VENTURE POSTS FY 2022 REVENUE GROWTH OF 24.3% YoY 
TO OVER S$3.8 BILLION AND 
NET PROFIT GROWTH OF 18.4% YoY TO S$370 MILLION, 
BEATING MARKET CONSENSUS
 
SINGAPORE, 24 FEBRUARY 2023 &ndash Venture Corporation Limited (Venture, or the &ldquo Group&rdquo ) today reported its financial results for the three months ended 31 December 2022 (4Q 2022) and 12 months ended 31 December 2022 (FY 2022). ....
 
PROPOSED FINAL DIVIDEND
The Board of Directors has recommended a final dividend of S$0.50 per share on a one-tier tax-exempt basis for FY 2022. Including the interim dividend of S$0.25 per share paid in September 2022, the total dividend for FY 2022 will amount to S$0.75 per share. Subject to the approval of shareholders at the upcoming Annual General Meeting to be held in April 2023, the proposed final dividend will be paid on 23 May 2023

FINANCIAL RESULTS HIGHLIGHTS

 

	FY  2022	FY  2021	Chg (%)	4Q 2022	4Q 2021	Chg (%)
Revenue	3,863.7	3,107.5	24.3	1,045.0	905.4	15.4
Net Profit1	369.6	312.1	18.4	98.0	94.6	3.5
Net Profit Margin (%)	9.6	10.0	-	9.4	10.5	-
Earnings Per Share (cents)	126.8	107.0	18.5	33.6	32.5	3.4

 

	31 December 2022	31 December 2021
Cash and bank balances	812.6	807.9
Net Asset Value per share (cents)	975.8	934.8

In S$ million unless otherwise stated 1 Net profit attributable to owners of the Company

https://links.sgx.com/1.0.0/corporate-announcements/UCSUFRK3LBCZZ8IK/747666_FY2022_Press_Release.pdf

 

Yeah,, hopefully can reach new heights sooner
 

 

A recap of first 9m performance....will the 12m performance be just as good or even better...?

VENTURE DELIVERS A SOLID 9M 2022 PERFORMANCE
Revenue grew 28.0% YoY to exceed S$2.8 billion Net Profit jumped 24.9% YoY to S$271.7 million Net Profit Margin maintained at 9.6% Earnings Per Share rose 25.1% YoY to 93.2 cents SINGAPORE, 4 NOVEMBER 2022 &ndash Venture Corporation Limited (Venture, or the &ldquo Group&rdquo ) today reported its business update for the three months ended 30 September 2022 (3Q 2022) and nine months ended 30 September 2022 (9M 2022). 
 

 

Huat ah!
 

 

 

Annual results

Fiscal Period :  December 2017 2018 2019 2020 2021 2022 Sales M  SGD Released Forecast Spread 4 005 4 000 0,11% 3 485 3 640 -4,3% 3 633 3 570 1,8% 3 013 3 093 -2,6% 3 107 3 075 1,0%   3 726   Operating income (EBITDA) M  SGD Released Forecast Spread 470 429 9,7% 456 455 0,15% 448 442 1,5% 379 382 -0,73% 390 393 -0,86%   476   Operating profit (EBIT) M  SGD Released Forecast Spread 439 399 10,0% 425 423 0,43% 409 405 0,98% 334 342 -2,3% 353 350 0,86%   437   Pre-Tax Profit (EBT) M  SGD Released Forecast Spread 444 406 9,3% 433 430 0,70% 420 414 1,5% 343 354 -3,0% 360 353 1,8%   445   Net income M  SGD Released Forecast Spread 373 338 10% 370 362 2,1% 363 353 2,8% 297 303 -2,0% 312 309 0,87%   368   EPS SGD Released Forecast Spread 1,30 1,20 8,7% 1,27 1,27 0,17% 1,25 1,22 2,5% 1,02 1,05 -2,6% 1,07 1,07 0,11%   1,27   Announcement Date 02/28/2018 02/22/2019 02/27/2020 02/26/2021 02/25/2022 -

Quarterly results

Fiscal Period :  December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 Sales M  SGD Released Forecast Spread             909   Operating income (EBITDA) M  SGD Released Forecast Spread               Net income M  SGD Released Forecast Spread   94,7 79,5 19% 84,0 78,0 7,7%   97,4 88,0 11%   95,0   EPS SGD Released Forecast Spread 0,26 0,28 -4,7% 0,33 0,30 9,7% 0,29 0,22 31% 0,31 0,25 24% 0,33 0,29 15%     Announcement Date 11/06/2021 02/25/2022 04/29/2022 08/05/2022 11/04/2022 -

 

 

DYODD
𝐁 𝐮 𝐲 𝐒 𝐢 𝐧 𝐠 𝐚 𝐩 𝐨 𝐫 𝐞 𝐓 𝐞 𝐜 𝐡 𝐬 𝐭 𝐨 𝐜 𝐤 𝐬 𝐟 𝐨 𝐫 𝐑 𝐞 𝐜 𝐨 𝐯 𝐞 𝐫 𝐲 𝐍 𝐨 𝐰 ?
$AEM(AWX.SI)  $Frencken(E28.SI)  $UMS(558.SI)  $IFAST(AIY.SI)  $ISDN(I07.SI)  $Venture(V03.SI)

&zwnj Buy Singapore Tech stocks for Recovery Now? | AEM, Frencken, UMS, IFAST, ISDN, Venture - YouTube With inflation slowly easing, we have started to see strength coming back in the SG tech stocks that were not spared the sell down last year on rate hikes.

&zwnj

 

Hoot Tua Tua...and Huat Tua Tua!

 

Venture&rsquo s 4QFY2022 results likely to be positive, Maybank maintains ' buy'

 

over 100 lots @ 18.6 wiped out! What!

tongphlp      ( Date: 01-Feb-2023 10:12) Posted: 90 lots q to sell at 18.55...............RUN Joelton      ( Date: 10-Jan-2023 09:13) Posted: CGS-CIMB raises target price on Venture, says it is &lsquo capable of weathering a slowdown&rsquo   CGS-CIMB Research analysts William Tng and Izabella Tan have maintained their &ldquo add&rdquo call on Venture Corp as they see the company as being &ldquo capable of weathering a slowdown&rdquo .   In their report dated Jan 6, Tng and Tan note that the slowing economic growth in the US remains the key macro risk for Venture, &ldquo but a strong balance sheet will help the company manage a slowdown, in our view,&rdquo Tng and Tan says.   Elaborating, the analysts note that according to US non-profit think tank The Conference Board, the US economy could head into a recession around the beginning of 2023.   The Conference Board expects to see three quarters of negative GDP growth for the US starting from the first quarter of 2023, with a rebound in the fourth quarter of 2023.   This will bring real GDP growth in 2023 to 0% y-o-y, compared to an expected 1.9% growth for 2022. The rebound will also continue to reach 1.7% in 2024.   For Venture, slowing US economic growth is a concern as the company does have a large US customer base.   However, as Venture is in a net cash position of $701 million with no debt as at Sept 30, 2022, the analysts say this will help the company manage any slowdown. The company&rsquo s net cash position will also allow Venture to seize any opportunities presented by an economic slowdown.   Further to their report, the analysts are estimating that Venture will report a 4QFY2022 net profit of $89.7 million, which is 5% lower y-o-y and 8% lower q-o-q. Venture&rsquo s 4QFY2022 and FY2022 ends on Dec 31, 2022.   The analysts&rsquo projections are more &ldquo cautious&rdquo than the street&rsquo s expectations of $95.4 million in net profit for the same period, up by 1% y-o-y but down by 2% on a q-o-q basis.   &ldquo Low expectations [will] mitigate downside risks,&rdquo they write.   The street is also expecting Venture to post a y-o-y revenue growth of 3.9% to 4.8% for FY2023 to FY2024, compared to CGS-CIMB&rsquo s 2.5% to 3.3% growth estimate.   As the analysts roll their valuation over to FY2024, their target price estimate rises to $20.10, up from $19.62 before. The new target price is based on an unchanged 22-year average forward P/E of 15.2x.   To them, key downside risks for Venture are the ongoing supply chain disruptions, which affect the availability of parts and components, labour shortages, and weakening global economic outlook.   On the other hand, some potential re-rating catalysts are new product launches by customers, and improvements in component availability.

 

90 lots q to sell at 18.55...............RUN

Joelton      ( Date: 10-Jan-2023 09:13) Posted: CGS-CIMB raises target price on Venture, says it is &lsquo capable of weathering a slowdown&rsquo   CGS-CIMB Research analysts William Tng and Izabella Tan have maintained their &ldquo add&rdquo call on Venture Corp as they see the company as being &ldquo capable of weathering a slowdown&rdquo .   In their report dated Jan 6, Tng and Tan note that the slowing economic growth in the US remains the key macro risk for Venture, &ldquo but a strong balance sheet will help the company manage a slowdown, in our view,&rdquo Tng and Tan says.   Elaborating, the analysts note that according to US non-profit think tank The Conference Board, the US economy could head into a recession around the beginning of 2023.   The Conference Board expects to see three quarters of negative GDP growth for the US starting from the first quarter of 2023, with a rebound in the fourth quarter of 2023.   This will bring real GDP growth in 2023 to 0% y-o-y, compared to an expected 1.9% growth for 2022. The rebound will also continue to reach 1.7% in 2024.   For Venture, slowing US economic growth is a concern as the company does have a large US customer base.   However, as Venture is in a net cash position of $701 million with no debt as at Sept 30, 2022, the analysts say this will help the company manage any slowdown. The company&rsquo s net cash position will also allow Venture to seize any opportunities presented by an economic slowdown.   Further to their report, the analysts are estimating that Venture will report a 4QFY2022 net profit of $89.7 million, which is 5% lower y-o-y and 8% lower q-o-q. Venture&rsquo s 4QFY2022 and FY2022 ends on Dec 31, 2022.   The analysts&rsquo projections are more &ldquo cautious&rdquo than the street&rsquo s expectations of $95.4 million in net profit for the same period, up by 1% y-o-y but down by 2% on a q-o-q basis.   &ldquo Low expectations [will] mitigate downside risks,&rdquo they write.   The street is also expecting Venture to post a y-o-y revenue growth of 3.9% to 4.8% for FY2023 to FY2024, compared to CGS-CIMB&rsquo s 2.5% to 3.3% growth estimate.   As the analysts roll their valuation over to FY2024, their target price estimate rises to $20.10, up from $19.62 before. The new target price is based on an unchanged 22-year average forward P/E of 15.2x.   To them, key downside risks for Venture are the ongoing supply chain disruptions, which affect the availability of parts and components, labour shortages, and weakening global economic outlook.   On the other hand, some potential re-rating catalysts are new product launches by customers, and improvements in component availability.

 

30 January 2023 Technology Sector Led Global Stocks in January

Highlight of the Week  by Geoff Howie

 

forecast..DYODD
 

Annual results

Fiscal Period :  December 2017 2018 2019 2020 2021 2022 Sales M  SGD Released Forecast Spread 4 005 4 000 0,11% 3 485 3 640 -4,3% 3 633 3 570 1,8% 3 013 3 093 -2,6% 3 107 3 075 1,0%   3 774   Operating income (EBITDA) M  SGD Released Forecast Spread 470 429 9,7% 456 455 0,15% 448 442 1,5% 379 382 -0,73% 390 393 -0,86%   476   Operating profit (EBIT) M  SGD Released Forecast Spread 439 399 10,0% 425 423 0,43% 409 405 0,98% 334 342 -2,3% 353 350 0,86%   437   Pre-Tax Profit (EBT) M  SGD Released Forecast Spread 444 406 9,3% 433 430 0,70% 420 414 1,5% 343 354 -3,0% 360 353 1,8%   445   Net income M  SGD Released Forecast Spread 373 338 10% 370 362 2,1% 363 353 2,8% 297 303 -2,0% 312 309 0,87%   368   EPS SGD Released Forecast Spread 1,30 1,20 8,7% 1,27 1,27 0,17% 1,25 1,22 2,5% 1,02 1,05 -2,6% 1,07 1,07 0,11%   1,26   Announcement Date 02/28/2018 02/22/2019 02/27/2020 02/26/2021 02/25/2022 -

tongphlp      ( Date: 26-Jan-2023 10:52) Posted: Release of results : 24 Feb 2023 at the end of trading day

 

Lee sees core Singapore blue chip stocks offering stable earnings growth in 2023. Some of her Singapore &ldquo focus ideas&rdquo include CapitaLand Ascendas REIT (CLAR), CapitaLand Ascott Trust (CLAS), ComfortDelGro (CDG), DBS Group Holdings, Frasers Logistics & Commercial Trust (FLCT), Frasers Centrepoint Trust (FCT), Keppel Corp, Mapletree Industrial Trust (MIT), Netlink NBN Trust, Singapore Technologies Engineering (ST Engineering), Singapore Telecommunications (SingTel), Thai Beverage (ThaiBev), United Overseas Bank (UOB), UOL Group and Venture Corp

Singapore market to offer stability amidst global volatility in 2023: OCBC (theedgesingapore.com)

 

Release of results : 24 Feb 2023 at the end of trading day

 

 

CGS-CIMB raises target price on Venture, says it is &lsquo capable of weathering a slowdown&rsquo

As the analysts roll their valuation over to FY2024, their target price estimate rises to $20.10, up from $19.62 before. The new target price is based on an unchanged 22-year average forward P/E of 15.2x.

CGS-CIMB raises target price on Venture, says it is &lsquo capable of weathering a slowdown&rsquo (theedgesingapore.com)

 

 

https://www.theedgesingapore.com/capital/singapore-economy/eight-sectors-including-banks-and-healthcare-identified-having-long-term
 

On this, the analysts &ldquo prefer&rdquo AEM, UMS and Venture Corporation with &ldquo hold&rdquo , &ldquo buy&rdquo and &ldquo buy&rdquo calls respectively. AEM, UMS and Venture have target prices of $3.43, $1.34 and $20.20 respectively.

&ldquo AEM has managed to establish itself as a global leader in the fast-growing Test 2.0 market and has a full-stack solution composed for modern testing needs. They have expanded their research and development (R& D) labs in Malaysia and in the US, namely Arizona and California to be able to work more closely with their customers,&rdquo the analysts write.

For UMS, the group has seen some order components previously lost to its Chinese competitors gradually coming back to them partly due to the US-China trade war.

&ldquo For Venture, they already have a strong proven track record and are expanding its production in Malaysia which would grant them significantly more capacity. They have also bought additional land and could further expand in the future if needed. They are one of the key players in Southeast Asia who has the capacity to manufacture as well as aid customers in designing key components or products,&rdquo the analysts add.