Venture has taken a beating. Over the last five years, shares fell 26% and now trades close to 6% dividend yield. Is this worth a buy today?
Venture Corp has taken a beating. Over the last five years, shares fell 26% and now trades close to 6% dividend yield.
Thanks to semiconductor cycles and high interest rates over the last couple years, Venture is once again looking cheap.
Thus, are shares a buy today? Let’s talk about it!
Venture Corp: A steady dividend grower
At S$3.6 billion market cap, Venture is an “under-the-radar”, Singapore based electronics maker.
It was started in 1984, which eventually hit its first billion dollar revenue in 2000.
Not many investors may know about Venture. It’s a quiet business. And makes a wide range of electronics products for other companies: from the latest tech equipment in printing and imaging products, to routers, barcode scanners, networking products.
These are the stuff that many Fortune 500 companies, including big telecom, semiconductor and consumer electronics products sell....