Thursday 28 Mar 2024
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SINGAPORE (April 24): UOB Kay Hian is maintaining its “Buy” call on Venture Corporation, with a lower target price of S$30.60.

In a Monday report, analyst Foo Zhi Wei says Venture's share price has largely overreacted to Phillip Morris International’s (PMI) slower 1Q18 I Quit Ordinary Smoking (IQOS) growth in its key market of Japan. 

This was attributed to sales reaching an older segment of users in their 50s at a faster-than-expected rate, resulting in a slowdown in...(click on link for full story on theedgesingapore.com)
 

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