Venture Corp | Phillips Securities BUY @ $22.10 | EP1606🦖

The Investing Iguana

Venture Corp | Phillips Securities BUY @ $22.10 | EP1606🦖

Phillip Securities is calling Venture an AI winner at S$22.10, but the dividend maths tell a very different story. You are being offered a 4.18 percent yield supported by a payout ratio north of 100 percent and a three-year staircase of falling revenue and profit, while the market prices the stock just under its 52-week high on a 25x earnings multiple. The tension for me is simple: a fortress balance sheet can buy time, but it cannot turn a rounding-error yield into a genuine retirement income engine.

If you are 45 to 60 and using SGX to fund CPF top-ups, SRS, or future drawdown, that 4.18 percent headline has to be weighed against a 4.0 percent CPF Special Account floor and Iggy’s 4.7 percent minimum yield hurdle. Accepting a stock where the dividend per share has stayed at S$0.75 while earnings fell and the payout ratio crept into three figures means your “income” is coming from past strength, not current cash flow. I walk through why this lands Venture in Zone 4 Caution for income portfolios and what would need to change before it earns a place in a retirement-focused core.

📺 YouTube: https://youtu.be/E34o3h1R91E

📩 Substack: https://investingiguana.com/p/venture-corp-phillips-securities

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You are being offered a 4.18 percent yield supported by a payout ratio north of 100 percent and a three-year staircase of falling revenue and profit, while the market prices the stock just under its 52-week high on a 25x earnings multiple. The tension for me is simple: a fortress balance sheet can buy time, but it cannot turn a rounding-error yield into a genuine retirement income engine.</p>\n<p>If you are 45 to 60 and using SGX to fund CPF top-ups, SRS, or future drawdown, that 4.18 percent headline has to be weighed against a 4.0 percent CPF Special Account floor and Iggy’s 4.7 percent minimum yield hurdle. Accepting a stock where the dividend per share has stayed at S$0.75 while earnings fell and the payout ratio crept into three figures means your “income” is coming from past strength, not current cash flow. I walk through why this lands Venture in Zone 4 Caution for income portfolios and what would need to change before it earns a place in a retirement-focused core.</p>\n<p>📺 YouTube: https://youtu.be/E34o3h1R91E</p>\n<p>📩 Substack: https://investingiguana.com/p/venture-corp-phillips-securities</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8e0b204a3f0e3b30c5fb28b0f2e1ec2d\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>Venture Corp | Phillips Securities BUY @ $22.10 | EP1606🦖</strong></p>\n<p>Phillip Securities is calling Venture an AI winner at S$22.10, but the dividend maths tell a very different story. You are being offered a 4.18 percent yield supported by a payout ratio north of 100 percent and a three-year staircase of falling revenue and profit, while the market prices the stock just under its 52-week high on a 25x earnings multiple. The tension for me is simple: a fortress balance sheet can buy time, but it cannot turn a rounding-error yield into a genuine retirement income engine.</p>\n<p>If you are 45 to 60 and using SGX to fund CPF top-ups, SRS, or future drawdown, that 4.18 percent headline has to be weighed against a 4.0 percent CPF Special Account floor and Iggy’s 4.7 percent minimum yield hurdle. Accepting a stock where the dividend per share has stayed at S$0.75 while earnings fell and the payout ratio crept into three figures means your “income” is coming from past strength, not current cash flow. I walk through why this lands Venture in Zone 4 Caution for income portfolios and what would need to change before it earns a place in a retirement-focused core.</p>\n<p>📺 YouTube: https://youtu.be/E34o3h1R91E</p>\n<p>📩 Substack: https://investingiguana.com/p/venture-corp-phillips-securities</p></body></html>","text":"Venture Corp | Phillips Securities BUY @ $22.10 | EP1606🦖 Phillip Securities is calling Venture an AI winner at S$22.10, but the dividend maths tell a very different story. You are being offered a 4.18 percent yield supported by a payout ratio north of 100 percent and a three-year staircase of falling revenue and profit, while the market prices the stock just under its 52-week high on a 25x earnings multiple. The tension for me is simple: a fortress balance sheet can buy time, but it cannot turn a rounding-error yield into a genuine retirement income engine. If you are 45 to 60 and using SGX to fund CPF top-ups, SRS, or future drawdown, that 4.18 percent headline has to be weighed against a 4.0 percent CPF Special Account floor and Iggy’s 4.7 percent minimum yield hurdle. Accepting a stock where the dividend per share has stayed at S$0.75 while earnings fell and the payout ratio crept into three figures means your “income” is coming from past strength, not current cash flow. 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