Home Capital Broker's Calls

Maybank and CGS-CIMB stays positive on Venture Corp following 'good start' to FY2022 with 1QFY2022 beat

The Edge Singapore
The Edge Singapore 5/2/2022 01:13 PM GMT+08  • 2 min read
Maybank and CGS-CIMB stays positive on Venture Corp following 'good start' to FY2022 with 1QFY2022 beat
Venture Corp was able to improve its margins / Photo: Venture Corp
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts from both Maybank Securities and CGS-CIMB have kept their positive views and target prices on Venture Corp after its 1QFY2022 earnings that beat expectations, chalking up what has been described as “a good start” to the year.

For the three months to March 2022, the leading manufacturing services company reported earnings of $84 million, up 28.6% y-o-y. Revenue in the same period was up 29.5% y-o-y to $889.3 million.

Notably, operating margins have improved to 11.5% for 1Q22 versus 10.9% for 1Q21, despite inflationary pressure that has been hurting businesses in general.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now