Venture Corp price target raised to $9.11 from $8.88 by Maybank Kim Eng

Stock Name: Venture
Company Name: VENTURE CORPORATION LIMITED

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 9.11

SINGAPORE (March 2): Maybank Kim Eng Research has raised its price target for Venture Corp to $9.11 from $8.88 and kept its "buy" call.

The revised price is based on 16 times projected 2015 earnings, up from 15 times previously.

The contract electronics manufacturer's life sciences and networking and communications segments are expected to drive earnings this year, with their contributions forecast to rise to 51% from 49% last year and 44% in 2013, according to Maybank Kim Eng analyst Gregory Yap.