Grand Venture Technology - Very Much Focused On Growth
GRAND VENTURE TECHNOLOGY LTD (SGX:JLB)
- We provide an update post Grand Venture Technology (SGX:JLB)’s recent corporate announcements.
- Grand Venture Technology announced the acquisition of J-Dragon on 17 Dec 2021.
- Grand Venture Technology also announced (5 Jan 2022) that it is acquiring a manufacturing facility (a twostorey, 49,000 sq ft facility occupying a 74,000 sq ft plot of land in Penang) for S$4.4m.
- In our view, management remains focused on growing the company, both organically and inorganically.
- Reiterate ADD call on Grand Venture Technology. Our target price remains at S$1.74, based on 15.8x FY23F EPS.
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 2022-01-12
SGX Stock
Analyst Report
1.740
SAME
1.740
Previous report by CGS-CIMB:
2022-01-04 Grand Venture Technology - Announced 2 Acquisitions In Dec 2021
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