During the quarter, Grand Banks Yachts reported a revenue of $40 million and net profit of $5.4 million, a 29% and 95% y-o-y increase, respectively.
Lim & Tan Securities has maintained its “buy” call on Grand Banks Yachts, with an upgraded target price of $1.05, from 54 cents previously.
The report dated Nov 25 comes after Grand Banks Yachts’ “stellar” 1QFY2025 ended Sept 30 results.
