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UOB Kay Hian maintains Venture Corp at 'buy' on prospects of medium-term growth opportunities

The Edge Singapore
The Edge Singapore  • 2 min read
UOB Kay Hian maintains Venture Corp at 'buy' on prospects of medium-term growth opportunities
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UOB Kay Hian's John Cheong and Heidi Mo have maintained their "buy" call and $15.55 target price on Venture Corp, on expectations that the manufacturing services firm is able to sustain its earnings and dividends.

In their Jan 21 note, the analysts say that Venture is "ready to capture opportunities from trade diversion by being agile" - as indicated previously by how the company was able to shift from largely making printers to focusing more on life science products.

Venture, according to Cheong and Mo, is also able to help customers mitigate geopolitical risks such as by sourcing for components from outside China from suppliers not owned by China-related companies.

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