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Venture's stellar performance could go up in smoke soon

PC Lee
PC Lee7/5/2018 12:37 PM GMT+08  • 2 min read
Venture's stellar performance could go up in smoke soon
SINGAPORE (July 5): Venture Corp’s stellar 2017 was driven by I Quit Ordinary Smoking (IQOS) smokeless cigarette devices.
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SINGAPORE (July 5): Venture Corp’s stellar 2017 was driven by I Quit Ordinary Smoking (IQOS) smokeless cigarette devices.

But with IQOS production slowing down and shifting away to its competitor, Venture’s earnings are at risk of declining in 2018 and beyond, say analysts.

In a Thursday report, UOB KayHian analysis affirms its initial belief that the IQOS device that Venture manufactures for Phillip Morris International (PMI) made up close to 25% of 2017 revenue on an accounting basis.

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