In his report dated Aug 4, William Tng of CGS-CIMB says that Venture’s 1HFY2023 ended June results “disappointed”, with revenue declining 11.9% y-o-y to $1,582.2 million and net profit falling 19.7% y-o-y to $140.0 million.
Analysts from CGS-CIMB Research and Citi Investment Research have maintained their “add” and “buy” calls on Venture Corp (SGX:V03
) with lower target prices of $16.80 and $17.60, down from $18.11 and $19.00, respectively.
Meanwhile, DBS Group Research's analyst Ling Lee Keng has maintained her "hold" recommendation with a lower target price of $15.40, down from $16.40 previously.
