Chua believes the recent pullback, which is in line with the movements seen in the US for technology stocks, presents opportunities for investors to accumulate as it translates to a forward dividend yield of about 4.7%.
SINGAPORE (July 10): OCBC is maintaining its “buy” call on electronics provider Venture Corporation with an unchanged fair value of $13 after the stock price corrected 9.7% to $11.80 at market close last week on Friday.
In a Monday report, lead analyst Eugene Chua says he continues to like the stock for its strong balance sheet, stable cash flow, and stable earnings growth momentum.
