Grand Venture Technology - CGS-CIMB Research 2022-01-04: Announced 2 Acquisitions In Dec 2021

Grand Venture Technology - Announced 2 Acquisitions In Dec 2021

GRAND VENTURE TECHNOLOGY LTD (SGX:JLB) | SGinvestors.ioGRAND VENTURE TECHNOLOGY LTD (SGX:JLB)
  • Grand Venture Technology (GVTL, SGX:JLB) ended 2021 with 2 new acquisitions (Formach and J-Dragon) that adds new capabilities and production capacity.
  • We think investors can expect more acquisitions in FY22F as the company remains steadfast in its expansion drive.
  • To better reflect its growth focus, we switch to a P/E methodology and factor in a base case profit contribution from J-Dragon for FY22F-23F. We now value Grand Venture Technology at 15.8x FY23F EPS for a higher target price of S$1.74.



Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.



William TNG CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-01-04
SGX Stock Analyst Report ADD MAINTAIN ADD 1.74 UP 1.690




Read also CGS-CIMB's most recent report:
2022-01-12 Grand Venture Technology - Very Much Focused On Growth

Relevant links:
Grand Venture Analyst Report,
Grand Venture Target Price,

Grand Venture Share Price History,
Grand Venture Announcements,
Grand Venture Dividends/ Corp Actions,
Grand Venture News Articles





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