Venture Corp cut to "hold" by OCBC; target unchanged at $8.41

Stock Name: Venture
Company Name: VENTURE CORPORATION LIMITED

Research House: OCBC

Price Call: HOLD

Target Price: 8.41

SINGAPORE (March 26): OCBC Investment Research has downgraded Venture Corp to "hold" from "buy" as the stock has breached its price target of $8.41.

Even so, business prospects for the contract electronics manufacturer remain favourable, underpinned by continued growth in the global semiconductor industry, according to OCBC analyst Carey Wong.