Grand Venture Technology Ltd (GVTL) is poised for significant growth, according to a recent report by DBS Vickers Securities. The company experienced a rise in first-quarter sales, driven by strong demand for High Bandwidth Memory (HBM) testers and front-end wins. However, earnings were impacted by foreign exchange headwinds.
The report highlights that artificial intelligence trends, along with resilient non-semiconductor segments and limited direct tariff exposure, are expected to bolster GVTL’s performance in the second half of the year. Despite the challenges faced in the first quarter, the company remains optimistic about its future prospects.
DBS Vickers Securities has adjusted its full-year 2025 earnings forecast for GVTL, reducing it by 14% to account for forex charges and lower margin assumptions. Nevertheless, the firm maintains a “BUY” recommendation for GVTL, with an unchanged target price of $0.82 (S$1.12).
The report underscores the importance of GVTL’s strategic positioning in the market, particularly in light of emerging AI trends and its ability to navigate external economic pressures. As the company continues to adapt and innovate, it is well-positioned to capitalise on growth opportunities in the coming months.
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