Home Capital Broker's Calls

Venture Corp a ‘buy’ on broad-based growth

PC Lee
PC Lee5/2/2017 11:00 AM GMT+08  • 2 min read
Venture Corp a ‘buy’ on broad-based growth
SINGAPORE (May 2): Maybank Kim Eng is maintaining its “buy” call on Venture Corp after its 1Q results came in above expectations, where net profit rose 36% on-year in a very strong start to the year.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 2): Maybank Kim Eng is maintaining its “buy” call on Venture Corp after its 1Q results came in above expectations, where net profit rose 36% on-year in a very strong start to the year.

1Q17 net profit accounted for 23% of Maybank’s previous full-year forecast. Historically, 1Q is Venture’s lowest quarter of the year at less than 20% of full-year results.

Maybank has therefore lifted its target price by 16% to $13.35 following upward revisions to EPS estimates in FY17/18/19.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.