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Two views on Venture

Broker's Calls

Two views on Venture

Michelle Zhu Published on Mon, Aug 08, 2016 / 12:35 PM GMT+8

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SINGAPORE (Aug 8): DBS Vickers Securities is downgrading its “buy” call on Venture Corporation to “hold” with a higher target price of $9.20 from $9 previously, on currency headwinds.

Conversely, OCBC Investment Research is keeping its “buy” recommendation on the group with an unchanged fair value of $9.35.

The technology services provider posted 2Q16 earnings of $43.4 million, a 20.3% increase from $36.1 million a year ago on higher revenue.

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