Many brokers expect Venture Corp to perform better in the second half on stronger demand from customers and new products, after the electronics contract manufacturer reported a 14 percent fall in first-quarter net profit.
Nomura raised its price target on Venture to S$9.20 from S$8.50 and maintained its buy rating, while DMG & Partners Research increased its target to S$9.10 from S$9.04 and kept its buy rating.
Citigroup, Maybank Kim Eng Research and DBS Vickers kept their buy recommendations on Venture. The stock shed 1.7 percent to S$7.74, but has risen 25 percent so far this year.
Nomura expects Venture to resume sales growth in 2012 after four years of declines, driven by ramp-ups of new products in printing, industrials and test and measurement. It also said Venture has an attractive dividend yield of 7 percent.
Nomura raised its earnings per share estimates for Venture's 2012 fiscal year by 15.2 percent and by 15.4 percent for 2013.
DMG & Partners Research said the decision by optical component company Oclaro Inc to outsource its entire Shenzhen manufacturing operation to Venture's plants in Malaysia will propel the Singapore firm's networking and communications business.
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1200 (0400 GMT)
(Reporting by Eveline Danubrata in Singapore; firstname.lastname@example.org)