“Valuation seems high at this point,” notes Seet in a March 1 note. “We downgrade Venture Corp due to weaker-than-expected earnings growth going forward.”
Venture Corp’s FY2020 results show continuing recovery for the tech manufacturer, though figures are slightly below expectations, say analysts.
Analysts are split in their recommendations on the company, with RHB Group Research analyst Jarick Seet adopting the most pessimistic view, downgrading Venture Corp to “neutral” from “buy”, with a lower target price of $19.60 from $22.60.
