EY Entrepreneur Of The Year 2022 Awards SingaporeGrand Venture Technology goes from strength to strength Lim Hui Jie Published on Thu, Dec 01, 2022 / 3:50 PM GMT+8 / Updated 1 hours ago #block-block-319 .container_cta{ border-top: outset; border-bottom: inset; } A- A A+ ...

It is December. Equity markets around the world have rebounded from their Red October lows and savoured their November Rain as described by this column in Issues 1061 and 1062 respectively.For those who bought at the bottom, there was quite a bit of Thanksgiving shopping to do, as rebounds from the ...

Lim Wai Mun, CEO of Doctor Anywhere, has been named EY Entrepreneur of the Year 2022 Singapore (EOY).The 40-year-old beat five other category winners and will go on to compete with winners from other countries at next June’s EY World Entrepreneur of the Year.“Being an entrepreneur goes beyond st...

BILLION DOLLAR CLUB: INDUSTRIAL CONGLOMERATES + INDUSTRIAL GOODS + CONSUMER GOODS CONGLOMERATES Singapore Technologies Engineering (ST Engineering) is one of the companies that made a clean sweep of all industry category awards up for grabs in the Billion Dollar Club. The comp...

Grand Venture Technology has reported revenue of $32.9 million for 3QFY2022 ended Sept, up 3.2% y-o-y. However, earnings was down by 33.4% y-o-y to $3.45 million, as margins contracted.For 9MFY2022, earnings was down 22.7% y-o-y to $10.6 million from a range of one-off costs.They include $0.8 millio...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 9):

MAINBOARD-LISTED manufacturing-service provider Grand Venture Technology on Tuesday (Nov 8) said its net profit after tax fell 33.4 per cent to S$3.4 million for third quarter ended Sep 30, despite a 3.2 per cent rise in revenue to S$32.9 million.

CGS-CIMB Research analyst William Tng is of the opinion that most of the semiconductor-related companies on the Singapore Exchange (SGX) are well placed to weather the current semicon downturn.However, this sentiment does not apply to Grand Venture Technology (GVT), saying that it could see the larg...

The overall technology sector is on rather shaky ground as the market digests news of cutbacks in capital expenditures and generally cloudy outlook articulated by several industry bellwethers.Leading foundry player Taiwan Semiconductor Manufacturing Co has announced a 10% cut in capex for this year ...

DBS Group Research analyst Ling Lee Keng has kept her “buy” call on Grand Venture Technology (GVT) but slashes her target price to 57 cents from $1.07 previously.Ling has revised her FY2022/FY2023 revenue estimates downwards by 4% and 19% respectively to account for the weaker semiconductor mark...

Analysts from CGS-CIMB Research and UOB Kay Hian are remaining “overweight” on the tech manufacturing services sector despite the worsening operating environment.On Oct 7, the US Department of Commerce slapped additional restrictions on semiconductor (semicon) exports to China, adding to concern...

EY has named six entrepreneurs from six organisations as recipients of the 21st EY Entrepreneur Of The Year (EOY) 2022 Singapore awards.They are:Lim Wai Mun, founder and CEO of Doctor Anywhere, named EY Entrepreneur Of The Year – Health Care Services;Akshay Garg, co-founder and Group CEO, FinAccel...

CGS-CIMB has downgraded its call on manufacturing solutions company Grand Venture Technology from “add” to “reduce”, as it expects the firm’s net profit recovery to be delayed until 2024.

CGS-CIMB Research analysts William Tng and Izabella Tan have downgraded their recommendation on Grand Venture Technology (GVT) to “reduce” from “add” previously.The analysts have also slashed their target price estimate to 40 cents from 85 cents before.The downgrade comes as the analysts see...

CGS-CIMB Research’s William Tng is of the opinion that Singapore’s semiconductor sector is trading at a discount compared to its Malaysian counterpart, which is “not justified”.In a sector note, Tng explains that comparing the Singapore semiconductor sector (SSS) with the Malaysian semicondu...