Price Target Changed • 7h
Price target increased by 9.4% to S$17.96 Up from S$16.41, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of S$18.65. Stock is up 68% over the past year. The company is forecast to post earnings per share of S$0.86 for next year compared to S$0.79 last year. Valuation Update With 7 Day Price Move • 7h
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S$18.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Electronic industry in Singapore. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at S$13.21 per share. Announcement • May 06
Venture Corporation Limited to Report Q1, 2026 Results on May 05, 2026 Venture Corporation Limited announced that they will report Q1, 2026 results on May 05, 2026 Upcoming Dividend • Apr 28
Upcoming dividend of S$0.50 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 19 May 2026. Payout ratio and cash payout ratio are on the higher end at 95% and 96% respectively. Trailing yield: 4.6%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (5.7%). Announcement • Apr 17
Venture Corporation Limited Proposes Final One-Tier Tax-Exempt Dividend for the Financial Year Ended 31 December 2025 Venture Corporation Limited in the AGM to be held on 24 April 2026, proposed the declaration of a final dividend of 50 cents per ordinary share. If approved, the total one-tier tax-exempt dividend per ordinary share for the Financial Year Ended 31 December 2025 is 80 cents which comprises the proposed final One-Tier Tax-Exempt dividend of 50 cents, and the interim dividend of 25 cents per ordinary share and the special dividend of 5 cents paid on 12 September 2025. Announcement • Apr 03
Venture Corporation Limited, Annual General Meeting, Apr 24, 2026 Venture Corporation Limited, Annual General Meeting, Apr 24, 2026, at 10:30 Singapore Standard Time. Location: 5006 ang mo kio avenue 5, 05-01 techplace ii, singapore 569873, Singapore Price Target Changed • Mar 02
Price target increased by 8.9% to S$15.72 Up from S$14.44, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of S$15.39. Stock is up 23% over the past year. The company is forecast to post earnings per share of S$0.85 for next year compared to S$0.79 last year. Announcement • Feb 27
Venture Corporation Limited Appoints Chong Siak Ching as Member of the Remuneration Committee, with Effect from 26 February 2026 The Board of Directors of Venture Corporation Limited announced that Ms Chong Siak Ching is appointed as a member of the Remuneration Committee with effect from 26 February 2026. Following the foregoing appointment, the composition of the Remuneration Committee of the Company will be as follows: Ms Kuok Oon Kwong (Chairperson) – Independent Non-Executive Director; Ms Tan Seok Hoong @Mrs Audrey Liow – Independent Non-Executive Director; Mr. Wong Yew Meng – Non-Independent Non-Executive Director; and Ms Chong Siak Ching – Independent Non-Executive Director. Reported Earnings • Feb 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: S$0.79 (down from S$0.84 in FY 2024). Revenue: S$2.54b (down 7.3% from FY 2024). Net income: S$227.0m (down 7.4% from FY 2024). Profit margin: 8.9% (down from 9.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jan 23
Venture Corporation Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 Venture Corporation Limited announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026 Price Target Changed • Nov 15
Price target increased by 8.7% to S$14.01 Up from S$12.89, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of S$14.56. Stock is up 14% over the past year. The company is forecast to post earnings per share of S$0.81 for next year compared to S$0.85 last year. Buy Or Sell Opportunity • Sep 17
Now 21% undervalued Over the last 90 days, the stock has risen 23% to S$13.79. The fair value is estimated to be S$17.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Upcoming Dividend • Aug 25
Upcoming dividend of S$0.30 per share Eligible shareholders must have bought the stock before 01 September 2025. Payment date: 12 September 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of Singaporean dividend payers (5.6%). In line with average of industry peers (6.2%). Price Target Changed • Aug 08
Price target increased by 7.4% to S$12.79 Up from S$11.90, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of S$13.10. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of S$0.82 for next year compared to S$0.85 last year. Reported Earnings • Aug 08
First half 2025 earnings released: EPS: S$0.39 (vs S$0.43 in 1H 2024) First half 2025 results: EPS: S$0.39 (down from S$0.43 in 1H 2024). Revenue: S$1.26b (down 8.8% from 1H 2024). Net income: S$113.0m (down 8.6% from 1H 2024). Profit margin: 9.0% (up from 8.9% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 08
First half dividend of S$0.30 announced Shareholders will receive a dividend of S$0.30. Ex-date: 1st September 2025 Payment date: 12th September 2025 Dividend yield will be 6.1%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.7% to bring the payout ratio under control. EPS is expected to grow by 18% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jul 07
Venture Corporation Limited to Report First Half, 2025 Results on Aug 06, 2025 Venture Corporation Limited announced that they will report first half, 2025 results on Aug 06, 2025 Announcement • Jun 29
Venture Corporation Limited Announces Appointment of Robert William Mahlik as Independent Non-Executive Director, with Effect from 1 July 2025 The Board of Directors of Venture Corporation Limited announced that Mr. Robert William Mahlik is appointed as an Independent Non-Executive Director of the Company with effect from 1 July 2025. Following the foregoing appointment, the composition of the Board of the Company will be as follows: Mr. Wong Ngit Liong as Executive Chairman, Ms Tan Seok Hoong @Mrs Audrey Liow as Independent Non-Executive Director, Ms Kuok Oon Kwong as Independent Non-Executive Director, Mr. Wong Yew Meng as Non-Independent Non-Executive Director, Mr. Han Thong Kwang as Non-Independent Non-Executive Director, Mr. Chua Kee Lock as Independent Non-Executive Director, Ms Chong Siak Ching as Independent Non-Executive Director, Mr. Robert William Mahlik as Independent Non-Executive Director. Working Experience: Corporate Vice President - Global Supply Chain & Procurement, Fortive Corporation (June 2016 - January 2025) Corporate Vice President - Global Supply Chain & Procurement, Danaher Corporation (May 2010 - June 2016). Professional Qualifications: Dual Bachelor of Science in Production Operations & Materials Management, Arizona State University (ii) International Business Certificate (Asia), Arizona State University (iii) Executive Education, Dartmouth University. Upcoming Dividend • Apr 28
Upcoming dividend of S$0.50 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 19 May 2025. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Singaporean dividend payers (6.0%). In line with average of industry peers (7.3%). Price Target Changed • Apr 15
Price target decreased by 7.0% to S$12.58 Down from S$13.53, the current price target is an average from 12 analysts. New target price is 16% above last closing price of S$10.84. Stock is down 24% over the past year. The company is forecast to post earnings per share of S$0.84 for next year compared to S$0.85 last year. Reported Earnings • Apr 05
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: S$0.84 (down from S$0.93 in FY 2023). Revenue: S$2.74b (down 9.6% from FY 2023). Net income: S$245.0m (down 9.3% from FY 2023). Profit margin: 9.0% (up from 8.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year. Buy Or Sell Opportunity • Apr 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to S$11.94. The fair value is estimated to be S$14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Board Change • Apr 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Siak Ching Chong was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
Venture Corporation Limited Announces Cessation of Juliana Ang Chieh Hwee as Group Chief Human Resource Officer on 31 March 2025 Venture Corporation Limited announced Cessation of Ms Juliana Ang Chieh Hwee as Group Chief Human Resource Officer on 31 March 2025. Ms Juliana Ang Chieh Hwee has resigned to pursue other interests. Ms Juliana Ang is responsible for the Group's human resource functions and to provide strategic leadership driving Group-wide HR policies, practices, systems and processes and building employee engagement. Other DirectorShips; Board member of Brighton Community Church since 1999. Declared Dividend • Feb 24
Final dividend of S$0.50 announced Dividend of S$0.50 is the same as last year. Ex-date: 5th May 2025 Payment date: 19th May 2025 Dividend yield will be 5.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: S$0.84 (down from S$0.93 in FY 2023). Revenue: S$2.74b (down 9.4% from FY 2023). Net income: S$245.0m (down 9.3% from FY 2023). Profit margin: 8.9% (in line with FY 2023). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Announcement • Jan 21
Venture Corporation Limited to Report Fiscal Year 2024 Results on Feb 21, 2025 Venture Corporation Limited announced that they will report fiscal year 2024 results at 5:00 PM, Singapore Standard Time on Feb 21, 2025 Buy Or Sell Opportunity • Dec 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to S$12.91. The fair value is estimated to be S$16.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Nov 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.2% to S$12.91. The fair value is estimated to be S$16.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Nov 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to S$12.90. The fair value is estimated to be S$16.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Siak Ching Chong was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 23
Upcoming dividend of S$0.25 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 12 September 2024. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (6.3%). Declared Dividend • Aug 08
First half dividend of S$0.25 announced Dividend of S$0.25 is the same as last year. Ex-date: 30th August 2024 Payment date: 12th September 2024 Dividend yield will be 5.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
First half 2024 earnings released: EPS: S$0.43 (vs S$0.48 in 1H 2023) First half 2024 results: EPS: S$0.43 (down from S$0.48 in 1H 2023). Revenue: S$1.38b (down 13% from 1H 2023). Net income: S$123.7m (down 12% from 1H 2023). Profit margin: 8.9% (up from 8.8% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Announcement • Aug 06
Venture Corporation Limited Announces Board and Committee Changes Venture Corporation Limited announce that Ms Chong Siak Ching is appointed as a member of the Audit & Risk Committee and the Nominating Committee with effect from 7 August 2024. Ms Chong was appointed as an Independent Non-Executive Director of the Company on 1 June 2024. The Audit & Risk Committee comprises Ms. Tan Seok Hoong, an Independent Non-Executive Director, Mrs. Audrey Liow, who serves as the Chairperson, Mr. Chua Kee Lock, Mr. Han Thong Kwang, and Ms. Chong Siak Ching, all of whom are Independent Non-Executive Directors. The Nominating Committee is chaired by Ms. Kuok Oon Kwong, an Independent Non-Executive Director, and includes Mr. Wong Ngit Liong, the Executive Chairman, Mr. Han Thong Kwang, and Ms. Chong Siak Ching, both of whom are Independent Non-Executive Directors. Announcement • Jun 01
Venture Corporation Limited Appoints Chong Siak Ching as Independent Non-Executive Director, Effective from June 01, 2024 Venture Corporation Limited announced the appointment of Chong Siak Ching as Independent Non-Executive Director. Role And Responsibilities: Non-executive. Job Title: Independent Non-Executive Director. Working Experience: CEO of National Gallery Singapore and Head of the Visual Arts Cluster (1 April 2013 to 31 March 2024). Other DirectorShips Past: CEO of National Gallery Singapore, Director of Singapore Art Museum, Director of Singapore Tyler Print Institute Other DirectorShips Present: Director of Mandai Park Holdings Pte. Ltd., Director of Singapore-India Partnership Foundation, Director of 3Fleur Pte. Ltd., Member of Board of Trustees of University of the Arts Singapore Ltd, Member of Yale-NUS College Governing Board, Chairperson of Yong Siew Toh Conservatory of Music Governing Board, National University of Singapore, Member of the Board of Singapore Land Authority. Director Experience Details: Ms. Chong was a Director of Singapore Press Holdings Limited, formerly listed on SGX during her tenure. She was also the President and CEO of Ascendas Group, manager of trusts listed on SGX. Professional Qualifications: Bachelor's Degree in Estate Management, National University of Singapore, Masters in Business Administration, National University of Singapore, Advance Management Program, Harvard Business School. Appointment Date is on June 01, 2024. Announcement • May 25
Venture Corporation Limited Approves Final One-Tier Tax-Exempt Dividend of for Fiscal Year 2023, Payable on May 21, 2024 Venture Corporation Limited announced that at the AGM held on April 26, 2024, approved final one-tier tax-exempt dividend of 50 cents per ordinary share for Fiscal Year 2023. The final dividend will be paid on 21 May 2024. Announcement • Apr 28
Venture Corporation Limited Announces Board Committees Changes Venture Corporation Limited announced that upon the conclusion of the Annual General Meeting of the company held on 26 April 2024, the composition of the board committees of the company is as follows: Audit & Risk Committee: Ms. Tan Seok Hoong @Mrs Audrey Liow - Independent Non-Executive Director (Chairperson); Mr. Chua Kee Lock - Independent Non-Executive Director; Mr. Han Thong Kwang - Independent Non-Executive Director. Nominating Committee: Ms. Kuok Oon Kwong (Chairperson) - Independent Non-Executive Director; Mr. Han Thong Kwang - Independent Non-Executive Director; Mr. Wong Ngit Liong - Executive Director. Remuneration Committee: Ms. Kuok Oon Kwong (Chairperson) - Independent Non-Executive Director; Ms. Tan Seok Hoong @Mrs Audrey Liow - Independent Non-Executive Director; Mr. Wong Yew Meng - Non-Independent Non-Executive Director. Board Change • Apr 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Kee-Lock Chua was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 05
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: S$0.93 (down from S$1.27 in FY 2022). Revenue: S$3.03b (down 22% from FY 2022). Net income: S$270.0m (down 27% from FY 2022). Profit margin: 8.9% (in line with FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 24
Final dividend of S$0.50 announced Dividend of S$0.50 is the same as last year. Ex-date: 7th May 2024 Payment date: 21st May 2024 Dividend yield will be 5.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: S$0.93 (vs S$1.27 in FY 2022) Full year 2023 results: EPS: S$0.93 (down from S$1.27 in FY 2022). Revenue: S$3.03b (down 22% from FY 2022). Net income: S$270.0m (down 27% from FY 2022). Profit margin: 8.9% (in line with FY 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 22
Venture Corporation Limited, Annual General Meeting, Apr 26, 2024 Venture Corporation Limited, Annual General Meeting, Apr 26, 2024. Agenda: To consider the executive changes. Announcement • Feb 21
Venture Corporation Limited Announces Retirement of Yeo Siew Eng as Independent Non-Executive Director Member of Audit & Risk Committee Member of Remuneration Committee Venture Corporation Limited announce the retirement of Yeo Siew Eng as Independent Non-Executive Director Member of Audit & Risk Committee Member of Remuneration Committee. Announcement • Jan 20
Venture Corporation Limited to Report Fiscal Year 2023 Results on Feb 22, 2024 Venture Corporation Limited announced that they will report fiscal year 2023 results After-Market on Feb 22, 2024 Announcement • Dec 15
Venture Corporation Limited Announces Appointment of Han Thong Kwang as Member of the Audit & Risk Committee with Effect from 1 January 2024 The Board of Directors (the "Board") of Venture Corporation Limited (the "Company") announced that Mr. Han Thong Kwang is appointed as a member of the Audit & Risk Committee with effect from 1 January 2024. Mr. Han is an Independent Non-Executive Director of the Company, and also serves as a member of the Nominating Committee and the Science, Technology & Engineering Committee. Since Mr. Han's appointment as an Independent Non-executive Director of the Company, he has attended Board meetings regularly and participated actively in discussions, displaying objectivity and independence, and strong understanding of the Company's business and financials. From January 2016 to November 2021, he was a member of the Audit & Risk Committee. The Board is of the view that he is independent pursuant to Rule 704(8) of the SGX-ST Listing Manual, and has the necessary skillsto effectively discharge his duties as a member of the Audit & Risk Committee. With effect from 1 January 2024, the composition of the Audit & Risk Committee will be as follows: Audit & Risk Committee: Mrs. Audrey Liow (Chairperson) - Independent Non-Executive Director; Ms Yeo Siew Eng - Independent Non-Executive Director; Mr. Chua Kee Lock - Independent Non-Executive Director; Mr. Han Thong Kwang - Independent Non-Executive Director. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: S$0.22 (vs S$0.33 in 3Q 2022) Third quarter 2023 results: EPS: S$0.22 (down from S$0.33 in 3Q 2022). Revenue: S$706.3m (down 31% from 3Q 2022). Net income: S$63.3m (down 35% from 3Q 2022). Profit margin: 9.0% (in line with 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 07
Price target decreased by 8.0% to S$14.76 Down from S$16.04, the current price target is an average from 12 analysts. New target price is 17% above last closing price of S$12.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of S$0.95 for next year compared to S$1.27 last year. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Kee-Lock Chua was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 25
Upcoming dividend of S$0.25 per share at 5.7% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Singaporean dividend payers (6.3%). In line with average of industry peers (5.8%). Price Target Changed • Aug 07
Price target decreased by 7.1% to S$16.47 Down from S$17.72, the current price target is an average from 12 analysts. New target price is 19% above last closing price of S$13.89. Stock is down 24% over the past year. The company is forecast to post earnings per share of S$1.04 for next year compared to S$1.27 last year. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: S$0.23 (vs S$0.31 in 2Q 2022) Second quarter 2023 results: EPS: S$0.23 (down from S$0.31 in 2Q 2022). Revenue: S$760.5m (down 16% from 2Q 2022). Net income: S$66.4m (down 26% from 2Q 2022). Profit margin: 8.7% (down from 10.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Venture Corporation Limited Appoints Zhang Yanqiu Juliana as Company Secretary & Head, Corporate Affairs, Effective 1 July 2023 The Board of Directors of Venture Corporation Limited (the "Company") announced the appointment of Zhang Yanqiu Juliana as Company Secretary & Head, Corporate Affairs of the Company with effect from 1 July 2023. The current Company Secretary, Devika Rani Davar, will relinquish the position on 30 June 2023. Major Estimate Revision • May 12
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from S$3.88b to S$3.66b. EPS estimate also fell from S$1.26 per share to S$1.13 per share. Net income forecast to shrink 11% next year vs 22% growth forecast for Electronic industry in Singapore . Consensus price target down from S$19.88 to S$18.24. Share price fell 10% to S$15.32 over the past week. Price Target Changed • May 08
Price target decreased by 7.9% to S$18.30 Down from S$19.88, the current price target is an average from 13 analysts. New target price is 15% above last closing price of S$15.95. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of S$1.15 for next year compared to S$1.27 last year. Upcoming Dividend • May 02
Upcoming dividend of S$0.50 per share at 4.4% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 59% and the cash payout ratio is 93%. Trailing yield: 4.4%. Lower than top quartile of Singaporean dividend payers (6.4%). In line with average of industry peers (4.8%). Reported Earnings • Apr 06
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: S$3.86b (up 24% from FY 2021). Net income: S$369.6m (up 18% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue exceeded analyst estimates by 3.7%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Reported Earnings • Feb 25
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: S$1.27 (up from S$1.08 in FY 2021). Revenue: S$3.87b (up 24% from FY 2021). Net income: S$369.6m (up 18% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Announcement • Jan 21
Venture Corporation Limited to Report Fiscal Year 2022 Results on Feb 24, 2023 Venture Corporation Limited announced that they will report fiscal year 2022 results at 5:00 PM, Singapore Standard Time on Feb 24, 2023 Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: S$0.33 (vs S$0.26 in 3Q 2021) Third quarter 2022 results: EPS: S$0.33 (up from S$0.26 in 3Q 2021). Revenue: S$1.02b (up 33% from 3Q 2021). Net income: S$97.4m (up 27% from 3Q 2021). Profit margin: 9.5% (in line with 3Q 2021). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.