SINGAPORE (July 10): OCBC is maintaining its “buy” call on electronics provider Venture Corporation with an unchanged fair value of $13 after the stock price corrected 9.7% to $11.80 at market close last week on Friday.
In a Monday report, lead analyst Eugene Chua says he continues to like the stock for its strong balance sheet, stable cash flow, and stable earnings growth momentum.
Chua believes the recent pullback, which is in line with the movements seen in the US for technology stocks, presents opportunities for investors to accumulate as it translates to a forward dividend yield of about 4.7%.
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