Back from the dead: Venture revenues on sharp upward swing

The four-year drought is at an end.

Venture Corporation is well on the way to an earnings recovery, ending a four-year streak of revenue decline.

A research by Maybank Kim Eng noted that Venture stocks remain undervalued although the company has delivered five consecutive quarters of YoY revenue growth, accompanied by three quarters of YoY PATMI growth.

According to the report, “This reinforces our view that Venture is on track for a 12% pa EPS growth in FY14E after four years of earnings decline. e growth, accompanied by three quarters of YoY PATMI growth. We expect the momentum to strengthen beyond FY14E. We are also encouraged by the fact that its customers are seeing improved business visibility.”