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Which segment will drive Venture Corp's revenue growth?
The group started the year right on a long-term positive outlook.
Whilst there has been an observed share price correction in Venture Corporation, OCBC Investment analyst Eugene Chua noted how strong the group's fundamentals remain.
"In our view, VMS’ fundamentals remain strong with a diversified revenue and customer base," Chua said, pointing out to the group's close to 200 customers distributed across different industries and its manufacturing of more than 5,000 products.
"This also implies there is no significant revenue concentration risk on a single customer," Chua said.
The analyst added, "Looking ahead, we continue to expect VMS’ Test & Measurement/Medical & Life Science/Others (TMO) segment to drive revenue growth ahead."
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