Post Reply
281-300 of 346
Buyer volume building up today
Last:0.85 +0.065
Not too far from target price
Gd luck dyodd
Not too far from target price
Gd luck dyodd
ozone2002 ( Date: 29-May-2021 11:07) Posted:
|
after days of consolidation...time to move...approaching $1
good time to slowly add
Can buy?
Last:0.82 --
$1 stock in the making
riding the semicon tech boom
gd luck dyodd
$1 stock in the making
riding the semicon tech boom
gd luck dyodd
$1 lai lai
CGS-CIMB raises Grand Venture target price on semiconductors-driven Q1 earnings surge
CGS-CIMB raised its target price for Grand Venture Technology to S$1.12, almost double from S$0.605 previously, while maintaining its " add" call.
This follows a voluntary business update earlier in the month, Grand Venture' s first since its listing on the Singapore Exchange in January 2019, where it posted a 434.9 per cent increase in net profit to S$3.3 million for the first quarter of 2021, compared to the same period a year ago.
CGS-CIMB analyst William Tng noted that the amount was also higher than H1 2020' s net profit of S$2.2 million.
Revenue in Q1 2021 grew by 59 per cent, led by the semiconductor segment, he said, which saw a revenue increase of 68.5 per cent year on year and contributed 70.6 per cent of revenue. The growth was driven by a global ramp-up in demand for semiconductor chips.
The other contributors, the life sciences segment and the electronics, medical and others segment, also saw significant year-on-year revenue growths of 38.4 per cent and 42.2 per cent respectively.
The life sciences segment benefited from higher production upon receiving customers' qualification, while Grand Ventures' electronics, medical and others segment benefited from contribution from a customer involved in surgical microscopes, Mr Tng said.
The analyst added that no vendor shares were sold in Grand Venture' s initial public offering in January 2019, and it raised S$23.5 million in net proceeds in March this year from its placement to Novo Tellus.
The group will continue to gain competencies in advanced manufacturing and grow through mergers and acquisitions, he said. CGS-CIMB has raised estimates for revenue in FY2021-FY2023.
Mr Tng said that, as seen in the revenue jump and sub-classifications of non-semiconductor segments, " efforts to onboard new customers and products in the past two years are starting to bear fruit in FY2021."
" We believe a new chapter of growth is unfolding at Grand Ventures," he said.
Read up the company. Just google
muifan ( Date: 24-May-2021 15:05) Posted:
|
this one is tech or medical bro?
SmallSmall ( Date: 24-May-2021 14:43) Posted:
|
If can hit $0.85 today we will see $0.90 tomorrow I believe
SmallSmall ( Date: 24-May-2021 11:35) Posted:
|
CIMB target price $1.12 !
Any reason for the jump?
M&A coming? Why so power?
AEM and UMS both very weak. This Grand Venture is an eyesore, unless got very positive news.
Kena SGX query liao!
This one has gone uncharted......historical high at $0.725 with strong shareholder behind (AEM' s Loke Wai San.
Next $0.75 follow by $0.80. Expect this to trend above $1 like UMS, Innoteck etc
Next $0.75 follow by $0.80. Expect this to trend above $1 like UMS, Innoteck etc
Took profit first. $12K profit. Entered at 54 cents moons ago.
MBULLISH ( Date: 11-May-2021 12:42) Posted:
|
Good run up. More to come
Due_Dilligence ( Date: 11-May-2021 11:36) Posted:
|
Run already. Vested
MBULLISH ( Date: 19-Apr-2021 14:57) Posted:
|