Singapore Stock Market News

Venture Corporation - Trade war suggests cautiousness

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Publish date: Thu, 12 Jul 2018, 11:57 AM
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■ Venture reiterated that it was targeting growth in FY18 during our call with its investor relations (IR) manager last Friday.

■ At this juncture, Venture has not detected any changes in its customers' guidance or forecasts.

■ To be cautious and to factor in potential revenue headwinds, we pare down our revenue growth forecasts to the 7.3% average rate achieved by Venture in FY14-16.

■ We also lower our target P/E multiple to 12.3x and reduce our FY18-20F EPS forecasts by 8.7-14.5%.

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