Venture Corp.'s 1H Earnings Show Encouraging Signs of Recovery

Dow Jones
Aug 11

0252 GMT - Venture Corp.'s 1H earnings show encouraging signs of recovery, RHB Research's Alfie Yeo says in a research report. Its Portfolio B, which includes the test and instrumentation business, is helping to boost revenue growth momentum, the analyst says. This business is performing well, partly thanks to stronger demand and growth of hyperscaler data centers. RHB also expects a recovery via upcoming new product launches and a ramp-up in manufacturing in the company's lifestyle consumer business. However, RHB lowers its 2026-2028 earnings forecasts for Venture Corp. by 5% to reflect lower margin assumptions. It trims the stock's target price to 20.78 Singapore dollars from S$21.80, with an unchanged buy rating. Shares are 0.5% lower at S$17.11.

 

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