Broker Name: CGS International Securities
Date of Report: March 2, 2026
Excerpt from CGS International Securities report.
Report Summary
- Venture Corporation’s FY25 net profit fell 7.4% YoY to S\$227m, with revenue impacted by softness in its Lifestyle Consumer technology domain and currency headwinds. Profit margin was stable at 9.0% due to effective cost management.
- The company remains in a strong net cash position (S\$1.3bn) and returned almost all FY25 earnings via dividends. Management is optimistic about FY26 revenue growth, driven by data centre demand and deeper customer collaborations, and is exploring ways to improve shareholder returns.
- Venture was upgraded to “Add” with a target price of S\$17.04, on expectations of a P/E re-rating supported by Singapore’s EQDP initiative and potential new product launches and customer diversification. Downside risks include supply chain disruptions and a weaker global economy.
- Peer comparison shows Venture offers a competitive dividend yield and stable ROE. ESG review notes a C+ combined score, with transparency and energy efficiency efforts, but highlights customer concentration and e-cigarette exposure as risks.
Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website : https://www.cgsi.com.sg
