Venture Corporation (Venture)

Results

Venture Corporation posts $203.3 mil net profit for 9MFY2023, 25.5% lower y-o-y

Shares in Venture closed 24 cents higher, or 2.01% up, at $12.19 on Nov 3.

Broker's Calls

Brokers’ Digest: Hong Leong Asia, Lendlease REIT, Suntec REIT, Frencken, Venture

See what the analysts have to say this week.
BlackRock no longer substantial shareholder of Venture Corp after selling over 635,000 shares via open market - THE EDGE SINGAPORE

Insider moves

BlackRock no longer substantial shareholder of Venture Corp after selling over 635,000 shares via open market

The shares netted BlackRock a total consideration of $8.3 million or $13.11 per share.

Broker's Calls

RHB downgrades Venture to 'neutral' after 'disappointing' 1HFY2023 results

Analyst Alfie Yeo has also lowered his target price to $14.40 from $18.26.

Results

Venture Corp posts 19.7% lower net profit of $140 mil, maintains DPS of 25 cents

Earnings per share was 48.0 cents for 1HFY2023, down from 59.8 cents this time last year.

Semiconductor

UMS, AEM, Grand Venture Tech and Venture Corp to benefit from semicon trade diversification: DBS

Singapore is in a good place for companies that are looking to diversify their strategies, say the analysts at DBS Group Research.
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