Alfie Yeo of RHB Bank Singapore has maintained his "buy" call on Venture Corp, but with a less cheery outlook and market volatility no thanks to the US tariffs, he has reduced his target price to $12.50 from $14.70.

"As the US market is one of Venture's key markets, we expect some negative impact to our earnings forecasts over the recently imposed tariffs," says Yeo in his April 16 note.

According to Yeo, Venture does not disclose its sales to the US, but he estimates the exposure is "significant" at anywhere between 20% and 40%.