Shares of Grand Venture Technology (JLB.SI) surged 11.57% in intraday trading, outperforming the broader Singapore market which also saw significant gains. The company's stock price jump comes after it reaffirmed its growth outlook and revenue guidance for the first half of 2025, despite concerns over US President Donald Trump's recently imposed tariffs on regional partners.

In a filing with the Singapore Exchange, Grand Venture Technology stated that it maintains its revenue guidance for the first half of the year at SG$90 million to SG$96 million. The company's confidence stems from its limited exposure to the US market, which accounted for less than 10% of its revenue in 2024. Furthermore, the technology services provider emphasized that over 70% of its exports originate from Singapore, which is subject to the lowest applicable tariff under the latest trade measures.

The company's proactive approach to mitigating potential tariff impacts has also boosted investor confidence. Grand Venture Technology revealed that it is in discussions with customers to redirect US-bound exports to manufacturing sites in Asia, thereby avoiding potential disruptions or cost impacts. This strategic move, coupled with the company's strong revenue outlook, appears to have resonated well with investors, driving the significant stock price increase.