Tech counters Venture, CSE Global up over 8% after strong Q1 updates

[SINGAPORE] Shares of technology companies Venture Corporation and CSE Global climbed on Wednesday (May 6) after positive first-quarter updates the previous evening.

Shares of high-tech manufacturing and R&D player Venture rose as much as 9.1 per cent in early trading, reaching a high of S$17.98 as at 9.34 am.

Those of systems integrator CSE went up as much as 8.1 per cent to S$1.47 at the same time.

The gains followed both S&P 500 and Nasdaq notching record-high closes on Tuesday, lifted by Intel and other artificial intelligence-related stocks.

The rally in Venture’s stock came after its Tuesday announcement of a turnaround in its Q1 financial performance, despite headwinds such as US 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.

SEE ALSO

S&P 500 and Nasdaq notch records as AI chip stocks surge

Venture posts 0.7% increase in Q1 earnings to S$56.3m amid strong AI infrastructure demand

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

CSE’s share price jump came on the back of a surge in new orders, largely driven by the booming tech sector. It reported 74.6 per cent year-on-year growth in new orders, securing S$271.2 million in Q1 2026 compared with 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 total order intake and was fuelled by stronger demand from the data centre market in the US.

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.