According to Yeo, Venture does not disclose its sales to the US, but he estimates the exposure is "significant" at anywhere between 20% and 40%.
Alfie Yeo of RHB Bank Singapore has maintained his "buy" call on Venture Corp, but with a less cheery outlook and market volatility no thanks to the US tariffs, he has reduced his target price to $12.50 from $14.70.
"As the US market is one of Venture's key markets, we expect some negative impact to our earnings forecasts over the recently imposed tariffs," says Yeo in his April 16 note.
