Venture Corp

CIMB upgrades Venture to Outperform from Neutral on attractive valuations and keeps $10.54 target price. Expects gradual recovery in earnings and sustainable dividend yields to drive share price higher. Order momentum for its non-HP businesses likely to continue for the rest of 2010 as guidance by most of its major customers has turned more positive. Current profit margins of 6%-8% sustainable as fallout from loss of HP printer business already captured in 1Q10 results.