Venture Corporation 4Q11 sales and core profits were down 10% and 34% yoy respectively, marking the third consecutive quarter of contraction. The company anticipates improved traction with several key customers in 2012, and expects to capture full year revenue from products launched towards the end of 2011. According to Venture, it expects 2H12 to be better than 1H12 and 1Q is typically a low season. Upgrade from Underperform to Neutral, target price S$7.66.
Source: CIMB TraderAM - 27th Feb 2012
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