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Long-term growth for Venture intact despite trade woes: Maybank KimEng

Samantha Chiew
Samantha Chiew6/12/2019 11:53 AM GMT+08  • 2 min read
Long-term growth for Venture intact despite trade woes: Maybank KimEng
SINGAPORE (June 12): The ongoing US-China trade war has clouded the earnings outlook for local technology stocks.
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SINGAPORE (June 12): The ongoing US-China trade war has clouded the earnings outlook for local technology stocks.

Despite this, Maybank Kim Eng is upgrading its call on Venture Corporation to “buy” from “hold” previously with an unchanged target price of $19.74.

Since late-April, shares in Venture have dropped about 18% amid a broad sector sell-off, creating an entry point.

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