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To: StanX Long who wrote (61002)	2/27/2002 2:14:59 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Venture <VENM.SI> 2001 net profit seen 8-17 pct higher Reuters, 02.27.02, 1:24 AM ET forbes.com By Jennifer Tan SINGAPORE, Feb 27 (Reuters) - Venture Manufacturing Ltd, Singapore's largest contract manufacturer, is expected to post 2001 earnings growth of eight to 17 percent, buoyed by strong contributions from key customers and increased market share. A Reuters poll of five analysts showed on Wednesday Venture reporting a net profit of between S$114 million and S$123.1 million ($62.19 million and $67.16 million) for the year to December 31, 2001. This compares with a profit of S$105.13 million in 2000. The results are due on Friday. According to Multex Global Estimates, the company is seen unveiling 2001 consensus net earnings of S$118.6 million. Venture's 2001 growth would be split evenly between the networking and communications, computer peripherals and printing and imaging product divisions, said Gregory Yap, research head at OCBC Investment Research. "There was also increased outsourcing from its key customers HP (nyse: HWP - news - people) and (electronics test equipment and microchip maker) Agilent (nyse: HWP - news - people) -- they were shifting their production from the U.S. to Venture's factories in Johor last year," added Yap, who has pencilled in a net profit of S$122.5 million.