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Grand Venture Technology Q1 earnings up 5 times
CATALIST-LISTED manufacturing-service provider Grand Venture Technology on Monday posted a first-quarter net profit after tax of S$3.3 million - five times higher than the figure in the preceding year.
This was due to a 59 per cent rise in revenue to S$23 million, growing wallet share from its key customers as well as stronger gross profit margins, said the group in a business update.
Gross profit margin stood at 32.1 per cent versus 22.9 per cent in the preceding year, due to improved capacity utilisation with operations starting to normalise after initial Covid-19 disruptions.
The group recorded revenue growth across all its business segments, most significantly in the semiconductor segment, which registered a 68.5 per cent increase to S$16.3 million. The segment' s s contribution to the group' s revenue expanded to 70.6 per cent in the first quarter, compared with 66.6 per cent for the same period last year.
Growth in the semiconductor segment was mainly attributable to global ramp-up in demand for semiconductor chips, in line with the macro demand for digitalisation, electronics, data, 5G, electric vehicles, artificial intelligence and the Internet of Things.
Revenue for life sciences was up 38.4 per cent to S$3.8 million, while the electronics, medical and others segment grew 42.2 per cent to S$3 million.
The group said that growth in the life-sciences segment was mainly driven by increased mass production of mass spectrometers improvement in the electronics, medical and others segment can be attributed to higher demand for electronics and the group' s increased penetration into the medical sector.
The firm added that it remains committed to maximising shareholder value via the deployment of resources towards strategic growth in the areas of engineering know-how, competencies and operational capabilities, and strengthening of financial resources to scale up.
The group will also continue to pour resources into the research and development of advanced manufacturing techniques, including mechatronics, and advanced materials such as quartz and ceramics so as to enhance the product and services offerings to the customers.
Also creeping up quietly
novo fund is in just like in aem
next time will run like mad
buy when nobody seems interested
novo fund is in just like in aem
next time will run like mad
buy when nobody seems interested
0.33 . 19M dump
Many thanks.
look@bright ( Date: 02-Feb-2021 11:37) Posted:
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thought the difference is Pte Ltd and Limited before IPO?
jlong0005 ( Date: 02-Feb-2021 10:45) Posted:
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Can advise me what id Grand Venture previously known as?
Doubt will stop that soon. Let dance together with it :)
hmmhmm ( Date: 25-Jan-2021 15:37) Posted:
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Hmm....Amazing....
3rd day for Interesting journey....
Novo fund in AEM and ISDN also?
MBULLISH ( Date: 18-Jan-2021 10:18) Posted:
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just by looking at current p/e and comparing vs the other electronic/semi con counters in sgx, this one is way overvalue (even at IPO price is also above the p/e of other electronics/semicon counters).. maybe there' s some future strong growth that shareholders are betting on
What I am saying is that the BBs are getting this stock at a cheap price. And more likely, it is going to be a pump and dump. The pumping has just begun. Buyers beware.
look@bright ( Date: 18-Jan-2021 13:07) Posted:
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Hmm....intetesting journey continue.....
haha....we need to look far. Keep the faith based on the solid foundation of this company.
Contratrader ( Date: 18-Jan-2021 10:08) Posted:
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Awesome! Think $1.50 is definitely not a dream :)
MBULLISH ( Date: 18-Jan-2021 10:18) Posted:
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Hmm....very interesting....
u r trying to say this company is overvalued at this rate?
Due_Dilligence ( Date: 18-Jan-2021 12:29) Posted:
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Just check and find out that company IPO was on Jan 2019 with 880 000 shares sold, with 42 million placement. What a joke. Recently, Novo become a strategic investor, buying a stake of 71.5 million at 33 cents. Another big joke.
Placement at 33cts. Will buy only below 33cts
Bro...Huat la !!
SmallSmall ( Date: 18-Jan-2021 11:23) Posted:
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$0.55 here we come :)