Tech counters Venture, CSE Global up over 7% after strong Q1 updates
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Shares of Venture Corporation and CSE Global surged over 7% following strong Q1 updates. Venture's stock rose 8.3% to S$17.84 after reporting a net profit of S$56.3 million, a 0.7% increase, and revenue of S$628.5 million, up 1.9%. CSE Global's shares increased 7.4% to S$1.46, driven by a 74.6% growth in new orders, totaling S$271.2 million, with its Electrification segment seeing a 393% rise. This growth was fueled by demand in the US data center market and recent acquisitions enhancing its market presence.
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