Venture Corp.'s outlook seems less optimistic amid market volatility over U.S. tariffs, RHB Research's Alfie Yeo says in a research report.

With U.S. a key market for Venture, RHB expects some negative impact on its earnings forecasts for the Singapore-listed company due to the tariffs.

RHB estimates Venture's exposure to the U.S. to be significant at between 20% and 40%. Also, end-demand in the U.S. may weaken, prompting reduced orders by Venture's customers.

RHB cuts its 2025 and 2026 earnings forecasts for the company by 9.5% each.

It lowers the stock's target price to S$12.50 from S$14.70 but keeps a buy rating.

Shares are down 0.9% at S$10.74.