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Grand Venture Technology Limited (SGX:JLB) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.
After the upgrade, the single analyst covering Grand Venture Technology is now predicting revenues of S$194m in 2025. If met, this would reflect a major 22% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to leap 34% to S$0.043. Previously, the analyst had been modelling revenues of S$175m and earnings per share (EPS) of S$0.04 in 2025. The forecasts seem more optimistic now, with a solid increase in revenue and a small increase to earnings per share estimates.
View our latest analysis for Grand Venture Technology
With these upgrades, we're not surprised to see that the analyst has lifted their price target 7.7% to S$1.12 per share.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of Grand Venture Technology'shistorical trends, as the 22% annualised revenue growth to the end of 2025 is roughly in line with the 19% annual revenue growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 10% per year. So although Grand Venture Technology is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away from this upgrade is that the analyst upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also a nice increase in the price target, with the analyst apparently feeling that the intrinsic value of the business is improving. Given that the analyst appears to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Grand Venture Technology.
Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Grand Venture Technology going out as far as 2026, and you can see them free on our platform here.