Amanda Tan, an analyst from DBS, maintained the Buy rating on Grand Venture Technology Limited. The associated price target remains the same with S$1.12.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Amanda Tan’s rating is based on Grand Venture Technology Limited’s (GVT) robust growth prospects and strategic positioning in high-demand sectors. Despite a recent dip in earnings due to foreign exchange losses, the company has shown strong revenue growth, driven by its diversified exposure across semiconductors, life sciences, and aerospace. This positions GVT well to capitalize on long-term structural trends in these industries.
Amanda Tan also highlights GVT’s strong customer base, which includes several blue-chip companies, providing a competitive edge. The company’s involvement in the front-end semiconductor space is seen as a significant growth catalyst, with expected meaningful contributions in the coming years. The semiconductor industry’s promising outlook, projected to become a trillion-dollar market by 2030, further supports the Buy rating. The target price has been adjusted upwards to SGD1.12, reflecting anticipated revenue and earnings growth, despite potential risks such as delays in front-end expansion and macroeconomic challenges.
According to TipRanks, Tan is ranked #2363 out of 9916 analysts.