Grand Venture Technology - CGS-CIMB Research 2023-10-18: 3Q23F Net Profit Could Drop By 53.3%; Looking Forward To FY25

• We think Grand Venture Technology (SGX:JLB)’s 3Q23F net profit could have declined by 53.3% y-o-y and 14.8% q-o-q to S$1.61m, when it reports its 3Q23F business update on 8 Nov 2023.
• Grand Venture Technology's 3Q23F revenue could have dropped by 17.9% but grown 0.2% sequentially to S$27.01m.

Expect revenue recovery over FY24-25F

• - Read this at SGinvestors.io -
• We think FY24F revenue could grow 31.1% y-o-y to S$141.6m as the semicon industry stages a recovery and Grand Venture Technology is able to secure orders from its new front-end semicon customers. Orders from these customers could gather pace into FY25F, leading to a 10.2% y-o-y revenue growth.
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Grand Venture continues to make strides in onboarding front-end semiconductor customers

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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/.

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 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 Dividend Payout Dates & Corporate Actions,
Grand Venture News