Re: Venture
Posted: Mon Oct 21, 2019 8:56 am
vested
Taking a breather at S$15.98
Given global GDP growth concerns and slower revenue growth for Venture’s customers, we now think 2H19 may be weaker than 1H19.
We keep our Add call but cut FY19F core EPS by 2.8% to reflect the above view.
We will reassess our FY20-21F forecasts post 3Q19 results (8 Nov).
Technically, we suggest locking in profits with better re-entry levels at S$14.70-15.00.
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... 2CCA1BB293
Taking a breather at S$15.98
Given global GDP growth concerns and slower revenue growth for Venture’s customers, we now think 2H19 may be weaker than 1H19.
We keep our Add call but cut FY19F core EPS by 2.8% to reflect the above view.
We will reassess our FY20-21F forecasts post 3Q19 results (8 Nov).
Technically, we suggest locking in profits with better re-entry levels at S$14.70-15.00.
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... 2CCA1BB293