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Venture Corp started at 'buy' with $17.68 target by Phillip; CGS-CIMB keeps 'buy'

PC Lee
PC Lee9/30/2019 04:26 PM GMT+08  • 4 min read
Venture Corp started at 'buy' with $17.68 target by Phillip; CGS-CIMB keeps 'buy'
SINGAPORE (Sept 30): Phillip Securities Research is initiating coverage of Venture Corporation with a “buy” and a target price of $17.68.
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SINGAPORE (Sept 30): Phillip Securities Research is initiating coverage of Venture Corporation with a “buy” and a target price of $17.68.

Venture is currently trading at 13x earnings. Phillip says this is attractive because, over the last 10 years, the stock typically trades at a PE range of 16x.

“Venture also boast a superior return on equity, profit margin and debt to equity ratio relative to its US listed peers,” says Phillip analyst Alvin Chia in a Monday report.

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