0348 GMT - Grand Venture Technology's upbeat 1H revenue guidance of S$90 million-S$96 million reinforces its growth narrative, DBS Group Research analysts say in a research report. The optimistic outlook from management stems from greater semiconductor demand expected from artificial intelligence and complexity-driven equipment sales, the analysts note. They add that stronger demand for aircraft components and healthy life sciences demand further supports the outlook. Given the manufacturing solutions and services provider's strong positioning to capitalize on structural trends, such as likely robust demand for packaging and testing equipment, DBS forecasts the company's revenue and earnings growth CAGRs of 18% and 31%, respectively, between 2024 and 2026. It raises the target price to S$1.12 from S$1.04, with an unchanged buy rating. Shares are 2.3% lower at S$0.85. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 22:48 ET (03:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。