However, the analysts understand that its China plants continue to practice strict safe management measures, such as mask wearing. As such, they think production activities have not been materially impacted.
CGS-CIMB Research analysts William Tng and Izabella Tan have upgraded Grand Venture Technology (GVT) from “reduce” to “hold” as they see the company “readying for recovery” in spite of the wave of Covid-19 infections in China.
In their Jan 5 report, the analysts note that more of the company’s Chinese employees have become infected with Covid-19 after the dismantling of Covid-19 restrictions.
