He also pointed out that Venture continues to work with its customers to implement further cost controls and improving production efficiency.
RHB Group Research’s Jarick Seet has upgraded his rating on Venture Corp from “neutral” to “buy” with a raised target price of $22.60, up from the previous target price of $20.60.
Seet said the company should “chart a steady recovery in 2H2020”, and noted that it is now fulfilling its backlog of orders, while its research & development laboratory plans to release some new products for the manufacturing segment in early 2021.
