SINGAPORE (July 7): CGS-CIMB Research has initiated coverage on Grand Venture Technology (GVT) with an “add” or “buy” call and target price of 26.2 cents.

GVT is an established manufacturing component solutions provider with over six years of experience. Its chairman, Ricky Lee, has been involved in the precision engineering industry for more than 37 years.

The company was listed on Jan 23, 2019 at an initial public offering (IPO) price of 27.5 cents.

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