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)
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