0333 GMT - Venture Corp.'s earnings may recover in 2025 despite its below-expected 3Q results, RHB Research's Alfie Yeo says in a note. RHB maintains the stock's buy rating. Although the 3Q results delay the analyst's expectations for a recovery and build-up of Venture's customer orders into 2025 from 2H 2024, RHB continues to like the technology company. The analyst cites factors including Venture's strong net cash balance sheet and attractive dividend yield. However, RHB cuts its earnings forecasts for Venture by 11% for 2024, 7% for 2025, and 7% for 2026 to reflect the 3Q results. It lowers the stock's target price to S$15.40 from S$16.46. Shares are 1.55% lower at S$12.70. (ronnie.harui@wsj.com)
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