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Maybank KE kicks off Venture coverage with 'buy' call, above-consensus target price

It forecasts the group's forthcoming FY results will see revenue surge by 39% to around S$4b

Annabeth Leow

Published Thu, Jan 11, 2018 · 09:50 PM

venture corp

Singapore

A BUY call and a bullish, above-consensus target price.

That is how Maybank Kim Eng kicked off its coverage of electronics manufacturer Venture Corporation on Wednesday.

The company is expected to turn in a stellar performance for 2017, which analyst Lai Gene Lih said is "no fluke", as he set a sterling 12-month target price of S$27.50.

This is now the highest in town.

It beats out, by a good 12.9 per cent, the analyst consensus of S$24.35 compiled by Bloomberg.

Still, DBS Vickers is close behind. It reiterated its target of S$26 on Jan 5, when Venture Corp replaced warehouse provider Global Logistic Propertie…

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