- Grand Venture Technology (GVT, SGX:JLB) has two factories in China, both located in Suzhou. With the dismantling of COVID-19 restrictions in China, more of its Chinese employees have become infected with the disease. However, we understand that its China plants continue to practice strict safe management measures and hence, we think production activities have not been materially impacted. A seasonally slower first quarter will also help to mitigate the situation, in our view.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- We rollover our valuation to FY24F and upgrade our recommendation on Grand Venture Technology to a HOLD with target price raised to S$0.52.
- Read more at SGinvestors.io.
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 | Izabella TAN CGS-CIMB Research | https://www.cgs-cimb.com 2023-01-05
Read also CGS-CIMB's most recent report:
2024-01-04 Grand Venture Technology - M&A Strategy Continues.Previous report by CGS-CIMB:
2023-11-16 Grand Venture Technology - Expect A Stronger 2H24.Price targets by 2 other brokers at Grand Venture Target Prices.
Listing of research reports at Grand Venture Analyst Reports.
Relevant links:
Grand Venture Share Price History,
Grand Venture Announcements,
Grand Venture Dividends & Corporate Actions,
Grand Venture News Articles
Grand Venture Technology - Readying For Recovery
GRAND VENTURE TECHNOLOGY LTD (SGX:JLB)
