Venture

Venture: Maybank-KE upgrades Venture to BUY from HOLD in anticipation of an earnings recovery this year, as well as renewed interest in the stock and the sustainable dividend yield of almost 7%. At 14x P/E, the stock currently trades at below the 18-20x P/Es of its key comparables, and also below its own historical average since the Global Financial Crisis. Come 2015, a hot new product could be added into the mix, namely 3D printers, where the valuations of the key industry players have reached heady levels of 50-70x earnings.