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Home / Capital / Brokers Calls

Everything ventured, everything gained for Grand Venture as revenue growth beats forecasts

Broker's Calls

Everything ventured, everything gained for Grand Venture as revenue growth beats forecasts

Lim Hui Jie Published on Wed, Aug 12, 2020 / 11:39 AM GMT+8

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A+

CGS-CIMB has maintained its “buy” call on Grand Venture Technology with a raised target price of 36 cents from 26 cents previously on the back of stronger 1H20 performance.

Analysts William Tng and Darren Ong noted that the company’s revenue and net profit at $26.9 million and $2.2 million respectively, came in above their expectations, at 65% of their full-year forecasts.

No interim dividend was declared.