- Grand Venture Technology (SGX:JLB)'s FY23 revenue of S$111.3m, down 15.1% y-o-y, attributable to weakness in the semiconductor segment. The decline primarily stemmed from weakness in the semiconductor back end, in tandem with the overall industry downturn. Accordingly, the share of revenue from the semiconductor segment fell to 47.9% in FY23 (vs. 55.4% in FY22).
Revenue by business segments.
- - Read this at SGinvestors.io -
- Revenue from the EAMO (Electronics, Aerospace, Medical, and Others) segment remained flat with lower contribution from the electronics sub-segment offset by maiden full year contribution from GVT Suzhou Limited (formerly J-Dragon) and Formach.
FY23 earnings of S$5.5m (-58.4% y-o-y) with the key drag at the gross profit level, below expectations.
- - Read this at SGinvestors.io -
Final dividend of 0.1 cents/share proposed.
- Total dividend per share for FY23 stands at 0.1 cents/share vs 0.6 cents/share in FY22.
Outlook
Revenue guidance hints at a better 2024; backend-semicon recovery likely tilted towards 2H24.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Amanda TAN DBS Group Research | Lee Keng LING DBS Research | https://www.dbs.com/insightsdirect/ 2024-02-27
Previous report by DBS:
2023-11-17 Grand Venture Technology - Merit In Diversification.
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
