Date of Report

October 1, 2024

Broker Name

UOB Kay Hian

Company Overview

Venture Corporation is a Singapore-based multinational company specializing in providing technology services, solutions, and products across various sectors, including electronics, healthcare, and industrial automation.

Recent Developments

The report notes that the recent stimulus measures announced by the Chinese government aim to bolster the economy and are expected to enhance demand across multiple sectors. Venture, with its diverse technological offerings, stands to benefit from this economic revitalization.

Revenue Exposure to China

Venture has substantial revenue exposure to China, particularly in sectors that are likely to see increased investment and consumer demand following the stimulus measures. The company’s operations in electronics and healthcare are strategically positioned to capitalize on this growth.

Investment Recommendation

• Recommendation: BUY
• Current Price (S$): 14.04
• Target Price (S$): 16.17
• Potential Upside (%): 15.2%

Market Context

With the anticipated recovery in demand for technology and services driven by increased government spending, Venture is well-positioned to secure new contracts and enhance its market presence. The company’s strong focus on innovation and quality further solidifies its competitive edge in the technology sector.

Conclusion

Venture Corporation’s strategic focus on technology solutions and significant exposure to the revitalizing Chinese economy present a compelling investment opportunity. The expected growth in demand for its services positions Venture for continued expansion and success in the coming years.