DBS raises target for Venture stock from SGD 21.80 to SGD 22.90

Published on 10/07/2026 at 01:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached SGD 1.35 billion, up 7.40 percent year over year. Venture stock yields 4.80 percent on the 2026 forecast.

Venture, SG0531000230, Illustration mit AI erstellt.

Venture Corporation Limited stock (ISIN SG0531000230) was the subject of a higher DBS target, rising from SGD 21.80 to SGD 22.90 in a September 14, 2026 report, while the bank retained its Buy recommendation. The move followed first-half FY2026 revenue of SGD 1.35 billion, up 7.40 percent year over year, according to DividendParadise.

DBS sees a broader recovery

According to DBS on September 14, 2026, the higher target reflected upward earnings revisions and an expectation that Venture will return to growth in fiscal 2026 after three years of contraction. DBS forecast fiscal 2026 revenue of SGD 2.855 billion and net profit of SGD 255.3 million, compared with SGD 2.535 billion and SGD 227.0 million in fiscal 2025.

The research highlighted Test and Measurement, Semiconductor and Data Centre activities, together with Life Sciences, as growth pillars. DBS also identified a risk from a broad global slowdown and weaker customer demand, linking the investment case to the pace of recovery in end markets.

Half-year growth meets cost pressure

Venture's second-quarter FY2026 revenue reached SGD 726.0 million, up 15.60 percent from the first quarter, while second-quarter earnings per share rose 11.80 percent to SGD 0.218, according to DividendParadise. The report put the second-quarter net profit margin at 8.70 percent, showing that earnings growth was slower than revenue growth as cost and inflation pressures weighed on profitability.

As of June 30, 2026, Venture held SGD 1.108 billion in cash and had no interest-bearing debt, according to the same half-year report. That balance sheet gives the dividend story a financial base, although working-capital needs reduced operating cash flow to SGD 29.9 million in the second quarter.

Stock stays below its yearly high

Venture was last at SGD 16.60 on the Singapore Exchange on October 6, 2026 at 5:12 p.m. SGT, down 1.48 percent from SGD 16.85. The price stood 11.47 percent below the 52-week high of SGD 18.75, while market capitalization was SGD 4.8 billion on the same date.

The prior close at Lang & Schwarz was EUR 11.55 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Venture stock.