Their optimism is based on the revenue guidance provided by Venture’s known customers, where two-thirds of them have guided growth ahead.
UOB Kay Hian and Maybank Securities have both turned more positive on Venture Corp ahead of its full-year results reporting expected on Feb 22.
In their Jan 29 report, UOB Kay Hian’s John Cheong and Heidi Mo expect the manufacturing services provider to turn in the first quarter-on-quarter earnings growth following three prior quarters of decline.
