Weaker ringgit sharpens Venture’s competitive edge, analysts say

It’s luring more businesses into its bandwagon.

The global electronics provider is constantly looking to improve its competitiveness in a cutthroat operating environment, and a weakening ringgit proves to be a bonus.

According to analysts from UOB Kay Hian, a weaker ringgit translates to more businesses attracted by the firm.

Venture sees its role in supporting customers’ aspirations to dominate and gain market share in their respective fields. It does not take advantage of customers when exchange rates work in its favour,” said UOB Kay Hian.

Another upside is that Venture’s production facilities are located at Johor and Penang, and Malaysian operations account for 65% of Venture’s manufacturing capacity.

Meanwhile, UOB Kay Hian said Venture remains cautiously optimistic as it operates in a challenging environment.

“Venture will pursue operational excellence, drive impactful innovation and develop new engineering competencies. It is able to support existing and new customers through its differentiated strengths and capabilities,” UOB Kay Hian said.