SGX:V03Electronic
Venture (SGX:V03) Stock Faces Profitability Questions Despite Steady Revenue
Venture went into this earnings day with the stock flat over a week and soft over three months, yet trading at about 21.2x P/E, which appears cheaper than many Asian electronics peers. The headline from the release is not explosive growth or collapse. It is the quiet strain between earnings power and what investors are paying for it.
Net profit margin is 8.9%, and earnings over the last five years have declined on average, while the dividend yield of 4.36% is not well covered. The key issue...