With this, Pineda factors in a 10% to 20% potential reduction of revenue from US customers, which in turn likely applies to the 10% to 20% of revenue stemming from the US.
Citi Research analyst Arthur Pineda has maintained his "neutral" call on Venture Corporation (SGX:V03
) but with a lowered target price of $11.80 from $13.80, to factor in a potential downturn in demand for Venture due to tariff uncertainty.
"Venture's production capacities primarily lie in Malaysia and Singapore which account for over 85% of its capacities. While extra reciprocal US tariffs have been put on hold, ongoing uncertainty on future steps are likely to weigh on US customer orders," states the analyst in his May 5 report.
