Date: 27 September 2024
Broker: Lim & Tan Securities
Award Recognition
Venture Corporation Limited, priced at $14.16 as of 27 September 2024, received the prestigious Supplier Excellence Award at Lam Research Corporation’s 2024 ceremony. The award recognized nine companies from around the world for their exceptional performance across various categories. Venture was specifically honored with the “Rapid Prototype Materials Performance Award” for its exceptional support, responsiveness, and on-time delivery. This enabled Lam Research to meet customer needs faster by providing timely solutions.
Role in Lam Research’s Success
Lam Research, a global leader in innovative wafer fabrication equipment and services for the semiconductor industry, works with thousands of suppliers worldwide to source specialized materials and components. Venture’s collaborative efforts with Lam Research’s U.S. and Southeast Asian sites played a critical role in ensuring that Lam could maintain its quality, agility, and excellent value in its supply chain. The award highlights Venture Corporation’s commitment to high-quality customer service and operational excellence.
Venture’s Partnership with Lam Research
Lam Research underscored the importance of its close collaboration with awardees like Venture Corporation to maintain a resilient, agile, and sustainable supply chain. This partnership is crucial to delivering innovative solutions and meeting the increasing demand for next-generation semiconductor chips. Lam Research specifically commended Venture for its contribution to accelerating innovation and overcoming challenges in a fast-evolving industry.
Financial Outlook
Venture Corporation Limited continues to stand shoulder-to-shoulder with some of the world’s best-in-class technology and manufacturing companies. The company’s growth prospects remain strong, with expected growth in the range of 10-15% moving forward. The company’s price-to-earnings (PE) ratio is estimated at 12-13x, while it offers a dividend yield of 5.3%, making it an attractive option for investors. Lim & Tan Securities maintains an “Accumulate” rating on the stock, reflecting confidence in its long-term growth and sustainability in the semiconductor industry.
Source: Lim & Tan Securities, Daily Review, 27 September 2024.
