In a Thursday report, UOB KayHian analysis affirms its initial belief that the IQOS device that Venture manufactures for Phillip Morris International (PMI) made up close to 25% of 2017 revenue on an accounting basis.
SINGAPORE (July 5): Venture Corp’s stellar 2017 was driven by I Quit Ordinary Smoking (IQOS) smokeless cigarette devices.
But with IQOS production slowing down and shifting away to its competitor, Venture’s earnings are at risk of declining in 2018 and beyond, say analysts.
