Grand Banks Yachts

Broker's Calls

Lim & Tan Securities maintains ‘buy’ on Grand Banks Yachts; almost doubles TP to $1.05

The report dated Nov 25 comes after Grand Banks Yachts’ “stellar” 1QFY2025 ended Sept 30 results.

Results

Grand Banks Yachts reports 1QFY2025 earnings of $5.4 mil, up 95% y-o-y

The group’s revenue for 1QFY2025 saw a 29.1% y-o-y increase to $40 million from $31 million in 1QFY2024 previously.

Results

Grand Banks Yachts’ net profit for 9MFY2024 at multi-year high of $10.9 mil

Gross profit margin for the same period rose to 38.0% from 28.3% in the 9MFY2023.

Insider moves

Insiders of JB Foods buy amid cocoa price surge; Willimbury raises Grand Banks Yachts stake

JB Foods sells cocoa butter and other ingredients to chocolate makers

Insider moves

Substantial shareholder Willimbury purchases 1.7 mil units in Grand Banks Yachts

The off-market transaction took place on March 28 at 31 cents apiece or $529,945 in total.

Results

Grand Banks Yachts records 91.7% y-o-y earnings increase to $6.9 mil for 1HFY2024

Grand Banks has declared an interim dividend of 0.5 cents per ordinary share, to be paid on March 15.

Results

Grand Banks Yachts reports 158.0% y-o-y surge in 1QFY2024 NPAT of $2.8 mil

The higher bottom line was due to the ramp-up in boat-building activities at its manufacturing yard.

Results

Grand Banks Yachts reverses into $1.1 mil net profit in 1QFY2023

The group saw revenue nearly double to $22.4 million. Its order book also reached an all-time high of $191.8 million.

Insider moves

Keppel Corp starts $500 mil buyback mandate; Grand Banks Yachts' shareholder raises stake

As of Feb 9, Keppel has bought back a total of nearly 6.4 million shares of the 36.4 million allowed under its current mandate.
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