Venture’s 4QFY2022 results likely to be positive, Maybank maintains 'buy'

Maybank Securities analyst Jarick Seet is keeping “buy” on Venture Corp with a target price of $20.20, remaining one of his preferred picks for the Singapore technology sector.

In his Jan 31 report, Seet expects Venture’s 4QFY2022 ended December results to be positive as demand from customers remained strong, coupled with a robust order pipeline. He estimates 4QFY2022 revenue of $909 million and PATMI of $95 million with resilient margins.