Grand Venture Technology - CGS-CIMB Research 2022-02-16: A New Chapter Begins

Grand Venture Technology - A New Chapter Begins

GRAND VENTURE TECHNOLOGY LTD (SGX:JLB) | SGinvestors.ioGRAND VENTURE TECHNOLOGY LTD (SGX:JLB)
  • Grand Venture Technology (SGX:JLB)’s FY21 revenue/net profit were in line with our expectations. Revenue jumped 89.3% y-o-y to S$116.3m while net profit grew 236.6% y-o-y to S$17.6m in FY21.
  • Management is excited about growth prospects in the coming years.
  • Reiterate ADD. Our target price for Grand Venture Technology is reduced to S$1.60 to reflect the sector de-rating (due to interest rate hike concerns). We use the current sector average P/E of 14.5x (we have removed the 10.0% discount factor given Grand Venture Technology’s growth prospects) in deriving our target price.



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 2022-02-16
SGX Stock Analyst Report ADD MAINTAIN ADD 1.60 DOWN 1.740




Previous report by CGS-CIMB:
2022-01-12 Grand Venture Technology - Very Much Focused On Growth

Check out the most recent target prices at Grand Venture Target Prices. Listing of analyst research reports at Grand Venture Analyst Report.

Relevant links:
Grand Venture Share Price History,
Grand Venture Announcements,
Grand Venture Dividends & Corp Actions,
Grand Venture News Articles





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