Venture Corporation - Worst Performance Since 2016-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Venture Corporation - Worst Performance Since 2016

MilkTeaBro
05-06

Venture Corp (SGX:V03)'s 1Q24 results were disappointing. Revenue in 1Q24 declined around 19% y-o-y to S$666.7mil, the weakest in eight years or 2016. The weakness was attributed to destocking in the life science, network, and communications segments.

Net profit declined 18% y-o-y to S$60.1mil. Earnings were supported by strong interest income.

Phillip Security Research 06/05/2024: Maintain NEUTRAL with an unchanged Venture Corp target price of S$12.75, based on 2-year historical P/E ratio of 13 times.

$Venture(V03.SI)$

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BK99
·05-07
cannot believe Philips
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- MilkTeaBro:
  agreed. what brokers said is only for reference.
  05-07
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xen
·05-07
Great article, would you like to share it?
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Revenue in 1Q24 declined around 19% y-o-y to S$666.7mil, the weakest in eight years or 2016. The weakness was attributed to destocking in the life science, network, and communications segments.<br></p>\n<p>Net profit declined 18% y-o-y to S$60.1mil. Earnings were supported by strong interest income.</p>\n<p>Phillip Security Research 06/05/2024: Maintain NEUTRAL with an unchanged Venture Corp target price of S$12.75, based on 2-year historical P/E ratio of 13 times.</p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/ad95716e5b174b67ffaf097cd04988a2\" tg-width=\"1080\" tg-height=\"2265\"><span></span></p>\n<p><a href=\"https://ttm.financial/S/V03.SI\">$Venture(V03.SI)$ </a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Venture Corp (SGX:V03)'s 1Q24 results were disappointing. Revenue in 1Q24 declined around 19% y-o-y to S$666.7mil, the weakest in eight years or 2016. The weakness was attributed to destocking in the life science, network, and communications segments.<br></p>\n<p>Net profit declined 18% y-o-y to S$60.1mil. Earnings were supported by strong interest income.</p>\n<p>Phillip Security Research 06/05/2024: Maintain NEUTRAL with an unchanged Venture Corp target price of S$12.75, based on 2-year historical P/E ratio of 13 times.</p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/ad95716e5b174b67ffaf097cd04988a2\" tg-width=\"1080\" tg-height=\"2265\"><span></span></p>\n<p><a href=\"https://ttm.financial/S/V03.SI\">$Venture(V03.SI)$ </a>&nbsp;</p></body></html>","text":"Venture Corp (SGX:V03)'s 1Q24 results were disappointing. Revenue in 1Q24 declined around 19% y-o-y to S$666.7mil, the weakest in eight years or 2016. The weakness was attributed to destocking in the life science, network, and communications segments. Net profit declined 18% y-o-y to S$60.1mil. Earnings were supported by strong interest income. Phillip Security Research 06/05/2024: Maintain NEUTRAL with an unchanged Venture Corp target price of S$12.75, based on 2-year historical P/E ratio of 13 times. 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