Venture Manufacturing Company (SG:V03) and investment firm Keppel REIT (SG: AJBU) of Singapore are on an upward journey in their share prices. Venture has gained 9% and Keppel has grown 18% since the beginning of January 2023. These stocks even outperformed STI, Singapore’s benchmark index, which grew 4.09% over the same period.
Here, we have used the TipRanks Stock Tester tool to list them based on certain criteria. With this tool, investors can select the stocks of their choice based on different factors in seven different markets.
Let’s see what makes them analyst favorites.
Venture Corporation Limited
Venture is a technology company that designs and manufactures products and solutions for various industries.
The company’s stock has been on a fairly steady ride for the past three years and has gained 31%. This was mainly supported by the company’s operating performance, which was clearly reflected in its results.
In the latest results published for the first nine months of 2022, Venture revenue grew 28% to S$2.8 billion. Net profit of S$271.1 million was also up nearly 25%. Growth across all of its domains helped it post such a strong performance. In addition, the company’s diversified portfolio provided much-needed protection against geopolitical tensions.
Another highlight of the company is its solid financial position with zero debt. This allows the company to seize strategic opportunities and expand to new heights.
This also supports the company’s stable dividend payments at a 3.9% yieldagainst the industry average of 1.02%.
Risk Stock Price Target
Average Venture stock price target is S$20.03, which is 7.6% higher than the current price level.
Based on the TipRanks rating consensus, the stock has a Strong Buy rating, with seven Buy recommendations.
Keppel D.C. REIT
Keppel is the first data center REIT in Asia. The company has a portfolio of properties focused on data centers. The main objective of the company is to generate healthy returns for its shareholders along with long-term growth of its investments.
After being almost flat in the last year, Keppel shares have gained 18.4% so far this year
Last week, the company announced its annual results for 2022, with a portfolio occupancy of 98.5%. The company’s data centers are in high demand as new supply remains in short supply due to government regulations. For the fiscal year 2022, the company’s revenue increased by 2.3% to S$277.32 million. Net property income also grew by 1.8% during the year.
While analysts aren’t forecasting any significant rise in share prices, the company’s higher dividends make up for it. The company has a dividend yield of 5.54% compared to the industry average of 2.1%.
Keppel DC REIT Share Price Target
The stock has a Strong Buy rating on TipRanks, based on three Buy recommendations and one Hold recommendation. He target price of S$2.06 is lower than the current trading level.
Post your results, analyst dale lai DBS has reiterated its Buy rating on the stock at a S$2.35 price target, with an 11% upside.
Conclution
Both Venture and Keppel have started the year on a happy note for their shareholders. Keppel’s has already posted good numbers on its annual results and is starting to gain more analyst confidence.
Venture, on the other hand, is due to report its next earnings at the end of this month and analysts are bullish on the same.
