Added to YB: 2025-09-04
Pitch date: 2025-09-02
G50.SI [bullish]
Grand Banks Yachts Limited
+3.42%
current return
Author Info
Kubang Pasu Capital is an experienced investor with over 6 years in equity research and market analysis. Focused on identifying undervalued opportunities and building long-term value through disciplined investment strategies. Sign up for the newsletter.
Company Info
Grand Banks Yachts Limited, together with its subsidiaries, manufactures and sells luxury recreational motor yachts in the United States, Australia, Europe, and Asia.
Market Cap
SGD 107.3M
Pitch Price
SGD 0.58
Price Target
1.07 (+77%)
Dividend
2.61%
Sector
Machinery
Category
value
Grand Bank Yachts (GBY)
G50.SI: Premium yacht builder w/ S$156.6M order book (+31% YoY), new +25% capacity Johor facility online, Newport RI marina acquisition for US market. Trading 5.9x P/E vs EU peers 10-17x despite net cash position. Margins temporarily hurt by trade-ins but BTO economics still 36%. PT S$1.07 (84% upside) on mix normalization.
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