Venture Corp's FY2024 earnings in line but analysts trim target prices on near-term uncertainty

Venture Corp has reported FY2024 earnings in line with expectations; its most recent 2HFY2024 ended Dec 31 2024 has shown recovery. However, given the uncertain macro outlook, orders from customers have become more uncertain. As such, analysts have trimmed their respective target prices for the stock to reflect lower earnings estimates.

Venture is at various stages of implementing new business wins in design and manufacturing. However, the current 1QFY2025 is likely to remain weak and a turnaround is only seen in 2HFY2025, says Jarick Seet of Maybank Securities.