‘Bright earnings prospects’ for Venture Corp

SINGAPORE (Aug 8): RHB is keeping its “buy” call on Venture Corporation with a higher target price of $9.90 from $9.10 previously.

In a Monday report, analyst Jarick Seet says these better-than-expected results have led the research house to believe the earnings prospects for Venture Corp are “bright” despite a “challenging industry outlook”.

In 2Q16, the technology services provider posted a 20.3% increase earnings to $43.4 million, up from $36.1 million a year ago on higher revenue.

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