Grand Venture Technology (GVT)

Broker's Calls

CGS-CIMB lowers Grand Venture Tech’s TP to 51 cents as FY2023-FY2025 forecasts reduced

GVT is expected to release its 1HFY2023 results before Aug 10.

Semiconductor

UMS, AEM, Grand Venture Tech and Venture Corp to benefit from semicon trade diversification: DBS

Singapore is in a good place for companies that are looking to diversify their strategies, say the analysts at DBS Group Research.

Results

Grand Venture Technology posts earnings of $1.5 mil for 1QFY2023, 58.3% drop y-o-y

For the period, revenue also declined to $29.9 million, a 17.0% decrease compared to the revenue of $32.4 million in 1QFY2022.

Broker's Calls

CGS-CIMB upgrades GVT to ‘hold’ in light of China reopening

The analysts say that their 'hold' call is premised on GVT's ability to onboard new front end customers.

Broker's Calls

DBS slashes Grand Venture Tech's TP by almost half on weaker semicon market

Compared to the semiconductor segment, DBS expects GVT’s life sciences and medical segments to remain relatively stable.
Analysts remain 'overweight' on tech manufacturers despite negative outlook in near-term - THE EDGE SINGAPORE

Broker's Calls

Analysts remain 'overweight' on tech manufacturers despite negative outlook in near-term

Semicon shipments growth to enter negative growth territory, predicts DBS.

Broker's Calls

CGS-CIMB downgrades Grand Venture Tech to 'reduce' as front-end diversification could be delayed

The analysts have also slashed their target price estimate to 40 cents from 85 cents before.
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