Venture Corp.'s Outlook Likely to Remain Muted -- Market Talk

Dow Jones

2024-11-11

0205 GMT - Venture Corp.'s outlook is likely to remain muted after the company's 3Q earnings came in below expectations, Maybank Research analyst Jarick Seet writes, as the brokerage trims its target price for the stock. The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 10, 2024 21:05 ET (02:05 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. 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The company is onboarding customers with new product introduction activities, Seet notes. He expects longer-term demand to strengthen while short-term demand remains soft, adding Venture Corp.'s management lowered its guidance and now expects 2H to be relatively flat from 1H. Maybank lowers its forecasts for 2024 and 2025 net profit after tax by 5% and 4.9%, respectively, and cuts its target price to S$12.60 from S$14.20. Maybank maintains a hold rating. Shares are last at S$12.92.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 10, 2024 21:05 ET (02:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}