Grand Venture Technology - CGS-CIMB Research 2024-01-04: M&A Strategy Continues

• On 30 Nov 2023, Grand Venture Tech announced its proposed acquisition of a Singapore-based surface treatment specialist, ACP Metal Finishing Pte Ltd for S$17m.
• The acquisition cost of S$17m translates into a historical FY9/23 P/BV of 1.13x based on ACP’s end-Sep 2023 book value of S$15.1m.

About ACP Metal Finishing Pte Ltd

• - Read this at SGinvestors.io -
• ACP is accredited by multiple aviation agencies including the National Aerospace and Defense Contractors Accreditation Programme (NADCAP), the Federal Aviation Administration (FAA), the Civil Aviation Authority of Singapore (CAAS) and the European Union Aviation Safety Agency (EASA).
• ACP is one of only a few companies in Asia to hold the NADCAP and FAA certifications in one site.

Advanced materials could be the next M&A target

• - Read this at SGinvestors.io -

FY23-24F EPS forecasts trimmed further

• 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/.

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