“Venture also boast a superior return on equity, profit margin and debt to equity ratio relative to its US listed peers,” says Phillip analyst Alvin Chia in a Monday report.
SINGAPORE (Sept 30): Phillip Securities Research is initiating coverage of Venture Corporation with a “buy” and a target price of $17.68.
Venture is currently trading at 13x earnings. Phillip says this is attractive because, over the last 10 years, the stock typically trades at a PE range of 16x.
