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Does Venture’s 6.3% Yield Whet Your Appetite?
Tradeable, Tradeable Ideas | 19 September 2014
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By: Raymond Leung
Articles (142) Profile
  1. The Semiconductor Industry Association (SIA) reported that it had captured growth in July 2014. Venture is well-positioned to benefit from this growth.
  2. A recent fall in Venture’s share price seems to have generated some value for investors to enter according to OCBC Research.
  3. Venture has an attractive FY14 forecasted dividend yield of 6.3 percent.

Analysts' updates on Venture Corp

Venture Corporation (VMS) is a company providing manufacturing and designing services to electronic companies.

The group has a long list of institutional investors which includes Aberdeen Asset Management (Aberdeen). Aberdeen is a substantial shareholder of the group and has held its shares for a substantial period of time.

Last week, the Semiconductor Industry Association (SIA) captured growth in sales in July 2014 for the industry. Europe, Asia Pacific and Americas grew by 14.9 percent, 11.2 percent and 8.1 percent year-on-year (YoY) respectively.

VMS is well positioned to benefit from this growth which is well reflected in its 2Q14 results. The group’s networking and communications segment revenue grew by 6.6 percent YoY to $100.2 million. This segment is expected to continue its growth into FY15 as demand for cloud deployment remains high.

Analysts from OCBC Research upgraded VMS to “Buy” on valuation grounds with a target price of $8.24. This is due to the recent fall in share price of the group which brought about value for investors.

It is also supported by the growth opportunities for the group and an attractive FY14 forecasted dividend yield of 6.3 percent.

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Trained in fund management, Raymond is familiar with shares and various investment vehicles.

Please click here for more information about this author.

Venture Corp  15.760 -- --   
Business: Co provides technology services, products and solutions. [FY18 Turnover] Advance Manufacturing & Design Solutions (AMDS) [74.6%], technology products & design solutions (TPS) [25.4%].

Insight: Apr-19, 1Q19 revenue rose 8.5% to $928.8m due to b... Read More

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