“Note that in its 1QFY2025 business update, management said the broad consensus among its customers is that the ongoing tariff situation has created significant uncertainty in the global economic environment, with no clear visibility regarding the tariff landscape over the next 12 months,” Tng and Tan write in their July 28 report.
CGS International analysts William Tng and Tan Jie Hui are maintaining their “hold” call on Venture Corporation ahead of its results for the 1HFY2025 ended June. Venture will release its results after the market closes on Aug 6.
The analysts are estimating the group to report a lower net profit of $106 million, 14% lower y-o-y. Revenue for the six-month period is likely to be down by 9% y-o-y to $1.26 billion. Venture’s management is also likely to guide for an “uncertain” 2HFY2025 outlook, the analysts predict.
