GREATEC - Next Lord of EV in MALAYSIA

Dear readers, Welcome back to “The Huat Project”. As per the title, we would like to share our analysis on this upcoming star in the KLSE: GREATEC(0203)- Next Lord of EV in Malaysia

Company Analysis

GREATEC (0203) provides automation solutions in various industries, such as Solar, Electronic Devices, Semiconductor, Electronic Vehicle, life science, Energy Storage, Glass Substrate.

GREATEC (0203) is a big fish in a small pond
https://www.theedgemarkets.com/article/greatech-technology-%E2%80%94-big-fish-small-pond

We are interested in the capabilities of GREATEC (0203) in their Semiconductor and EV segment.

One of GREATEC (0203)’s client , Lordstown Motor is an American Electric Vehicle make & will start limited truck production in later September.

https://www.cnbc.com/2021/08/11/lordstown-motors-to-start-limited-truck-production-in-late-september-.html 

Quarter-Report Analysis:


GREATEC (0203) results meletup 142% higher due to PLS (product line system) in the Electric Vehicle Energy Storage. 

https://www.theedgemarkets.com/article/greatechs-2q-net-profit-more-doubles-strong-ev-energy-storage-revenue 

Technical Analysis:

Very much self explanatory. GREATEC(0203) has been on a Superb UPTREND. There is no resistance above, and Sky Is The Limit. While some may worry about its bottom, well, from a logical thinking perspective, the BOTTOM should be RM7.

Now u may Wonder why? Just look at the picture below. A total of 20mil shares @ RM7.00 was transacted off market from 12-16 August.

With RM7 as the support, and sky as the limit RM10 , the Reward to Risk Ratio is about 5 times.

Conclusion

We strongly Believe that GREATEC (0203) is a splendid and very sound company to invest in. Moreover, there is alot of room for growth for GREATEC (0203) despite its current growth rate. We think that GREATEC (0203) will soon be eligible to be transferred to main board, and Grow Larger as a whole company. While Sky Is the Limit (no resistance), and the Support is RM7.00….

What will you do ?

DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Please do not “don't ask, just enter” .Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.