Venture: KE maintains Buy with $11.30 target, based on 17x FY10E PE. Expects Printing & Imaging sales to stabilize in 2H10 following completion of adjustments in the non-ODM segment, while its Networking & Comms and Test & Measurement divisions should see sustained momentum underpinned by bookings by key T&M customer Agilent…
Says also Venture’s Retail Store Solutions sales has turned around and likely to accelerate, in view of the upcoming upgrade cycle for point-of-sales solutions that typically lasts 4-5yrs. Believes component shortages not worsenfurther, and likely under control now.
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