GVT’s FY2021 and FY2022 earnings per share (EPS) is forecasted to grow 124% y-o-y and 80% y-o-y, respectively, bringing down forward P/E to 22x and 12x.
The company’s full-year results will likely be announced on Feb 25, and the brokerage thinks this could provide a much-needed catalyst for its shares, after having corrected by as much as 30% from its peak of $1.45 on Sep 7, 2021.
KGI notes that GVT is currently trading just slightly below the $1.14 placement price where it raised gross proceeds of $39 million back in September 2021.
As at 2.59pm, shares of GVT were trading at $1.06, four cents lower than its previous close or 3.64% lower. KGI also gives the stock an entry price of $1.08 and stop-loss price of 98 cents.
