Grand Venture Technology (GVT)

With attractive tax incentives and a more accessible labour pool, manufacturing players in Singapore could see expansion across the causeway into five of the nine flagship zones of the JS-SEZ.

An array of chipmakers -- including Micron and Infineon -- are ramping up chip output in Southeast Asia.

As at 11.46am, shares in Grand Venture Tech are trading 1.5 cents higher or 1.80% up at 85 cents.

Here's what the analysts have to say this week.

DBS' Tan and Ling note that notwithstanding near-term volatility, the semiconductor industry is well poised for growth, owing to the push towards digitalisation.

The win expands GVT’s presence in the supply chain of a leading global semiconductor assembly and packaging equipment manufacturer for key technologies.

Originally focused on back-end semiconductor manufacturing, including wire bonding and chip testing, GVT now also offers front-end services, a market said to be ten times larger than the back-end.

Analysts await the upcoming 11th Malaysia-Singapore Leaders Retreat in Dec; while naming Seatrium, Sembcorp, Mapletree Logistics Trust and Venture Corporation as some near-term beneficiaries.

Growth was more prominently recorded in the semiconductor segment, with a y-o-y increase of 50.8%.

Other news: Economists upgrade Singapore's GDP forecast in 2024; EDBI invests undisclosed amount in digital wealth platform Arta.