- 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
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- 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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