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Grand Venture Technology (GVT)
Results
Grand Venture Tech registers 9MFY2024 adjusted net profit of $6.74 mil, up 59% y-o-y
Growth was more prominently recorded in the semiconductor segment, with a y-o-y increase of 50.8%.
20 days ago
Global Economy
Briefs: GVT confirms plans for secondary listing on Bursa Malaysia, Taylor Swift endorses Harris for US president
Other news: Economists upgrade Singapore's GDP forecast in 2024; EDBI invests undisclosed amount in digital wealth platform Arta.
September 12, 2024
IPO
Singapore-listed Grand Venture Technology eyes second listing in Malaysia
GVT is aiming for a higher valuation by listing in Kuala Lumpur, where IPOs have been on the rise this year.
September 11, 2024
Results
Grand Venture Technology announces 26.6% growth in net profit in 1HFY2024
Grand Venture Technology reported a 26.6% rise in net profit in 1HFY2024.
August 14, 2024
Semiconductor
Semiconductor cycle: Going up or down?
The AI theme has taken global stock markets by storm, but for locally listed semiconductor stocks, things are still fuzzy for now.
June 20, 2024
Broker's Calls
DBS keeps 'buy' on Grand Venture but trims target price on muted near term margins
'We believe that Grand Venture remains prepared to deliver when orders come'
February 27, 2024
Results
Grand Venture Technology’s FY2023 earnings plunge by 58.4% y-o-y to $5.5 mil
A final dividend of 0.1 cents per share has been declared for the year, down from last year's dividend of 0.3 cents per share.
February 26, 2024
Broker's Calls
CGS-CIMB stays upbeat on Grand Venture Technology following $17 million acquisition of ACP
The acquisition of ACP adds surface treatment capabilities to GVT
January 05, 2024
Results
Grand Venture Technology net profit down 61.6% to $1.3 million for 3QFY2023 as semicon headwinds persist
While the global semiconductor and electronics downturn looks to be bottoming out, GVT expects headwinds to continue through 2023.
November 15, 2023
Broker's Calls
CGS-CIMB upgrades Grand Venture Tech to ‘add’ with higher TP of 62 cents
The upgrade comes as analyst William Tng sees earnings improvement to happen in FY2024 and FY2025.
October 19, 2023