During the year, Grand Venture Tech reported earnings of $17.4 million and revenue of $116.3 million respectively. The company’s earnings represented a 225.1% y-o-y surge, while revenue was up 89% y-o-y.
SAC Capital analyst Lim Shu Rong has upgraded her recommendation on Grand Venture Technology to “buy” from “hold” previously.
Lim’s upgrade on March 18 comes as the precision manufacturing firm’s results for the FY2021 ended December stood above expectations.
