Fund Manager Summary on VEEM Ltd (ASX:VEE)
In November 2025, Perennial Partners commented that VEEM Ltd (ASX:VEE) had lowered earnings guidance for 1H26 due to delays in several major defence-related contracts, driving a c. -39.6% share price decline from about $0.85, while noting those contracts—sales to Australian Submarine Corporation, Northrop Grumman and the Hunter Class Frigate program—could rebound in 2H26 and become significant growth drivers; the collective view places greater weight on this recent guidance cut, interpreting the immediate weakness as timing and execution risk around defence program deliveries that has depressed revenue and share price, while still recognising structural tailwinds from defence procurement if contract schedules and deliveries resume, so actionable considerations are to monitor contract milestone progress, revenue and cash flow in 2H26, margin impacts from delayed shipments and any further management guidance or corporate actions, with primary risks being persistent delays and program cadence uncertainty and primary opportunities being reinstated large defence orders translating into material revenue upside.
Commentary From The Managers
There are 2 insights from 2 fund managers regarding their investment in VEEM Ltd (ASX:VEE) available on Thesis Tracker.
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Commentary From The Managers
The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Frequently Asked Questions
Who is investing in VEEM Ltd (ASX:VEE)?
Fund managers including Perennial Partners and Renaissance Asset Management have invested in VEEM Ltd (ASX:VEE).
Why do fund managers invest in VEEM Ltd?
Fund managers may invest in VEEM Ltd for its exposure to defence manufacturing contracts and the potential for renewed revenue from major customers. Perennial Partners noted a share price fall after lower 1H26 guidance because several defence-related contracts were delayed, reducing component sales to Australian Submarine Corporation, Northrop Grumman and the Hunter Class frigate program. These contracts could rebound in 2H26 and drive growth. The report did not highlight dividends, and timing risks create a lumpy risk–reward profile.
What happened to VEEM Ltd (ASX:VEE)?
Fund managers have invested in VEEM Ltd due to its potential for recovery in revenue from key defense contracts, despite a recent decline in share price following lower-than-expected earnings guidance. They believe that delayed contracts with major clients like the Australian Submarine Corporation and Northrop Grumman may provide significant growth opportunities in the latter half of the fiscal year.
What is the short interest in VEEM Ltd (ASX:VEE)?
The short interest in VEEM Ltd (ASX:VEE) is 0.53% which makes it the 271st most shorted stock on the ASX. Of the 146.7M shares that VEEM Ltd has on issue, 774.2K have been sold short.
What does VEEM Ltd (ASX:VEE) do?
Veem Ltd. engages in the provision of stabilization systems and propulsion products and services to marine, defence, and mining industries. The company was founded by Voyka Miocevich and Elizabeth Elsie Miocevich in 1968 and is headquartered in Canning Vale, Australia.