- 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.
- - Read this at SGinvestors.io -
Grand Venture continues to make strides in onboarding front-end semiconductor customers
- 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 | https://www.cgs-cimb.com 2023-10-18
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 Dividends & Corporate Actions,
Grand Venture News Articles
