GVT’s potential secondary listing on MalaysiaIn a January 6 report, Amanda Tan and Ling Lee Keng of DBS Group Research analyzed the impact of generative AI and other growth drivers on the semiconductor industry. They project semiconductor revenue to climb 30%, reaching $100.4 million in FY2025 and $130.6 million in FY2026.
The analysts also emphasized GVT’s expansion into the wafer fab equipment market, which is eight times larger than the back-end semiconductor market, positioning the company for substantial growth opportunities.
Looking ahead, GVT’s potential secondary listing on Malaysia’s Bursa could further elevate its market presence. With Bursa welcoming 55 new listings in 2024, GVT’s inclusion could bring additional momentum.
Technical Analysis:
Grand Venture underwent a prolonged consolidation below $0.60 before turning bullish upon breaking above this level. The trading buy target is set at $0.87, with mid-term targets of $0.93 and $1.06.
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