On 4 November 2022, Venture Corporation Limited (“Venture”) have announced their third quarter business updates. They have continued to deliver a strong set of results, and I liked that they have no borrowings, which means the Group does not need to be concerned of the rising interest rates.
Their dividends can also be fully supported by their earnings per share without the need to adjust for depreciation nor amortization, indicating that it is sustainable over a long term.
Website: General Announcement::3Q 2022 Executive Summary And General Comments
Background
Venture was formed in 1989 as an electronic services provider after the merger of three companies. Today, Venture is a leading global provider of technology services, products and solutions with established capabilities spanning marketing research, design and development, product and process engineering, design for manufacturability, supply chain management, as well as product refurbishment and technical support across a widely diversified range
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