Grand Venture Technology - DBS Research 2024-08-14: FY24 Revenue Set To Scale New Summits

• 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 an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-07-10 Grand Venture Technology - Doubling Down On Strong Growth Story.

Previous report by DBS:
2025-06-06 Grand Venture Technology - Set To Power 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 Dividend Payout Dates & Corporate Actions,
Grand Venture News