“Given the current poor sentiment and concerns over earnings growth for tech manufacturing services companies arising from the trade/tech tensions between the US and China, valuations are likely to revert to the historical mean,” says CIMB Research analyst William Tng.
SINGAPORE (Apr 26): Analysts are slashing their target prices for Venture Corporation by as much as 25%, just one day after the electronics manufacturer posted a 72.2% surge in earnings for the 1Q ended March.
