Venture profits up 16.9% to $47.4m in 3Q

Thanks to strong growth in two key segments.

Despite an uncertain economy, Venture managed to deliver a 16.9% YoY increase in 3Q16 to $47.4m

RHB notes that the higher net margin was attributed to value creation through stronger complementary and collaborative partnerships.

In particular, the research house cited strong performance from Networking & Communications and Test & Measurement/ Medical/ Others segments which achieved the highest growth YoY of 13.6% and 25.3% respectively in 3Q16. This helped to alleviate losses at the remaining segments.

Looking ahead, RHB expects changes in segmental growth at the group, given the changing customer mix in 2017.

"With a slightly better-than-expected performance in 3Q16, we are projecting a strong 4Q16 ahead. The Test and Measurements segment continues to grow strongly, underpinned by orders from existing and new customers," it said.

It expects value creation and continued improvements in operational excellence across the group's facilities as well as its entire value-chain, which would continue to drive margin improvements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia