SINGAPORE (Nov 5): RHB Research and OCBC Investment Research are maintaining their “buy” calls on Venture Corp while lowering their target price and fair value estimate to $19 and $20.13, from $22.20 and $23.23, respectively.

This comes after the group last week reported a y-o-y decline in 3Q18 earnings on lower revenue.

While RHB has slashed its FY18-19F earnings per share (EPS) estimates by 10-7%, respectively, it remains confident that a V-shaped recovery is highly possible for Venture in the subsequent quarters, especially if the trade war between US and China is resolved.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook