VEMLY - Venture Corporation: Resilient In The Short-To-Mid Term Thanks To New Product Launches And Diversified Customer Base
Elevator Pitch
Singapore-listed EMS (Electronics Manufacturing Services) company Venture Corporation (OTCPK:VEMLY) (OTCPK:VEMLF) [VMS:SP] trades at an attractive 12.6 times consensus forward FY2019 P/E which represents a discount to the stock's historical 10-year forward average P/E of approximately 14 times.
Venture Corporation has shown its resilience with flat revenue and earnings growth YoY in 1H2019. Looking ahead, 2H2019 earnings are expected to be supported by new product launches by some of its clients, while its diversified client base should limit any earnings risks in the mid-term. While Venture Corporation could be affected