- Grand Venture Technology (SGX:JLB) reported revenue of S$ 68.3mil (+26.8% y-o-y), above revenue guidance of S$ 58-64mil, accounting for 46% of our revised full year estimates.
1H24 revenue higher than expected while earnings were broadly in line with our estimates.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Net margin held steady at 6.3%, driven by higher income in lower-tax regions, resulting in a net profit of S$ 4.3mil (+26.6% y-o-y and 45% of our revised full year estimates).
- No interim dividend was declared in 1H24, similar to 1H23.
Our thoughts
Charting new peaks in 2024 with full year revenue guidance between S$148.3-154.3mil (+33.2-38.6% y-o-y).
- 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/ 2024-08-14
Read also DBS's most recent report:
2025-01-06 Grand Venture Technology - Setting The Sails For Strong Growth Ahead.
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
