Brokers' take

Venture Corporation | Add Target price: S$30.81 March5 close: S$26.80 CGS-CIMB, March 3

We like Venture as the company has transformed itself from being a price-taking contract manufacturer to becoming the preferred manufacturing partner of its clients.

We expect Venture to continue delivering 21 per cent year-on-year (yoy) core earnings per share (EPS) growth in FY18 forecast and 13 per cent yoy growth in FY19 forecast, to be driven by better margins and product launches by its customers.