Venture

[winston]

not vested

Venture Corporation (VMS SP)
Positive Indicators And Attractive Valuation Indicate Good Buying Opportunity

We note that multiple positive indicators should help VMS re-rate upward, including:
a) a positive outlook statement from VMS,
b) positive growth forecasts from VMS’ customers for 2022, and
c) easing of border restrictions helping to improve component shortages.

VMS is currently trading at an attractive 2022F ex-cash PE of 13x vs its
clients’ average PE of 28x and it offers a dividend yield of 4.5%.

Maintain BUY and target price of S$22.80, implying a 29% share price upside

Source: UOBKH

https://research.uobkayhian.com/content ... 5def4ee2b0

[winston]

not vested

Positive Outlook, Exciting Future Plans And Strengthened Management Team

Venture has reiterated a bullish outlook, with exciting future plans and a strengthened
management team showing clear succession planning in its latest annual report.

This is consistent with our BUY call on the back of:
a) robust demand outlook,
b) positive growth guidance from customers under our tracking, and
c) attractive valuation of 2022F ex-cash PE of 13x vs its clients’ average PE of 29x along with a dividend yield of 4.6%.

Maintain BUY and target price of S$22.80.

Source: UOBKH

https://research.uobkayhian.com/content ... 5a9835e59f

[behappyalways]

Venture Corp's 1HFY2022 earnings up a quarter to $174.3 million
https://www.theedgesingapore.com/capita ... 43-million

[behappyalways]

Venture Corp reports 3QFY2022 earnings of $97.4 million, up 26.4% y-o-y
https://www.theedgesingapore.com/capita ... -264-y-o-y

[behappyalways]

Venture Corp posts 2HFY2022 earnings of $195.3 mil, up 13.8% y-o-y
https://www.theedgesingapore.com/capita ... -138-y-o-y

[behappyalways]

Venture Corp reports 12.4% lower earnings of $73.6 mil for 1QFY2023
https://www.theedgesingapore.com/capita ... l-1qfy2023

[behappyalways]

Venture Corp posts 19.7% lower net profit of $140 mil, maintains DPS of 25 cents
https://www.theedgesingapore.com/capita ... s-25-cents

[behappyalways]

Venture Corporation posts $203.3 mil net profit for 9MFY2023, 25.5% lower y-o-y
https://www.theedgesingapore.com/capita ... ower-y-o-y

[behappyalways]

Venture Corp reports earnings of $270.0 mil for FY2023, down 26.9% y-o-y
https://www.theedgesingapore.com/capita ... -269-y-o-y