Tech counters Venture, CSE Global up over 7% after strong Q1 updates
Venture shares reach as high as S$17.84, while CSE shares are up as high as S$1.46
[SINGAPORE] Shares of technology companies Venture Corporation and CSE Global climbed strongly on Wednesday (May 6) after positive first quarter updates the previous evening.
Shares of high-tech manufacturing and research and development player Venture rose as much as 8.3 per cent in early trading, climbing to a high of S$17.84 as at 9.05 am.
Those of systems integrator CSE went up as much as 7.4 per cent, or S$0.10, to S$1.46 within seconds of market open.
The rally in Venture’s stock follows its Tuesday announcement of a turnaround in its first-quarter financial performance, despite headwinds such as United States tariffs, geopolitical conflicts, and a weak US dollar.
It posted S$56.3 million in net profit, a 0.7 per cent increase from the year-ago period. Revenue for the quarter rose 1.9 per cent to S$628.5 million, attributed to heightened demand across technology domains that support AI-related infrastructure.
CSE Global’s share price jump came on the back of a stellar surge in new orders, largely driven by the booming tech sector. The global systems integrator reported a 74.6 per cent year-on-year growth in new orders, securing S$271.2 million in the first quarter of 2026 compared to S$155.3 million a year ago.
This intake was primarily driven by its Electrification business segment, which skyrocketed 393 per cent year-on-year to S$177.8 million. The segment accounted for roughly 65.6 per cent of the total order intake and was fuelled by stronger demand from the data centre market in the United States.
The Communications segment also performed well, logging a 20.8 per cent increase in orders to S$76.9 million. This growth was attributed to contributions from recent acquisitions that expanded the segment’s US market presence and strengthened Asia Pacific order flows.
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