Venture Corp (Venture)

Ameriprise Financial bought the shares for $3.5 million, or $12.67 per share.

See what the analysts have to say this week.

William Tng of CGS-CIMB and Jame Osman of Citi have lowered their TPs to $16.80 and $17.60, down from $18.11 and $19.00.

Revenue for its 2HFY2022 grew 23.4% y-o-y to $2.06 billion.

Venture remains one of Maybank's preferred picks for the Singapore technology sector.

Companies in the Billion Dollar Club and Centurion Club awards have turned adversity into opportunities in an unprecedented year.

While the analysts expect April’s numbers to remain weak, they anticipate improvements in Venture Corp’s performance moving forward, due to the re-opening of its factories and global supply chains following the lifting of social distancing measures.

Despite a weak first quarter, analyst are optimistic about Venture Corporation's future prospects.

Venture Corp gets four 'buys' as analysts opine that not only is a stronger 2HFY20 on the horizon, the group remains relatively cushioned from the effects of Covid-19.

SINGAPORE (Sept 30): Phillip Securities Research is initiating coverage of Venture Corporation with a “buy” and a target price of $17.68.