GREATECH TECHNOLOGY BERHAD

KLSE (MYR): GREATEC (0208)

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Last Price

3.62

Today's Change

-0.04 (1.09%)

Day's Change

3.60 - 3.67

Trading Volume

1,006,100


4 people like this.

7,707 comment(s). Last comment by MrsLim 4 hours ago

jinova546

238 posts

Posted by jinova546 > 2 weeks ago | Report Abuse

Christ sake .....You better stop "Your" bloody period. So Red

monetary

3,925 posts

Posted by monetary > 2 weeks ago | Report Abuse

fxxk lor.. lucky i exit all foreigh stock last yr. otherwise north south east west also stuck!

Posted by YourQuirkyWays29 > 2 weeks ago | Report Abuse

Easy to be pessimistic on a day where over one thousand bursa stock is in the red.

nicholas99

6,477 posts

Posted by nicholas99 > 2 weeks ago | Report Abuse

RM3 coming.

Jack888

754 posts

Posted by Jack888 > 2 weeks ago | Report Abuse

Run ? ...Hold ?

SooHai

235 posts

Posted by SooHai > 2 weeks ago | Report Abuse

Money in hand is always better put in stock during this bear market

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Rm 1.xx coming this wave ! Still hesitate to cut loss u will be in big losses further !

monetary

3,925 posts

Posted by monetary > 2 weeks ago | Report Abuse

Dnex will be 50sen soon. kikiki.....

nicholas99

6,477 posts

Posted by nicholas99 > 2 weeks ago | Report Abuse

RM3 is logical.

param1

764 posts

Posted by param1 > 2 weeks ago | Report Abuse

2.80 I WAIT FOR U

SooHai

235 posts

Posted by SooHai > 2 weeks ago | Report Abuse

Deadcat rebound
Better stay away first

fruitcake

461 posts

Posted by fruitcake > 2 weeks ago | Report Abuse

BUY

Jack888

754 posts

Posted by Jack888 > 2 weeks ago | Report Abuse

Just a small rebound....小心为妙!来一个小反弹.

Posted by thetruthstory > 2 weeks ago | Report Abuse

ok, wait for rm4 to buy yes

Jack888

754 posts

Posted by Jack888 > 2 weeks ago | Report Abuse

Dow Jones 29,927.07 -741.46 -2.42%

OKU_2020

2,760 posts

Posted by OKU_2020 > 2 weeks ago | Report Abuse

NASDAQ further COLLAPSED 4.1 % 453
BOOOO CHOWWW CCCCCCCCCCC

Mabel

16,976 posts

Posted by Mabel > 1 week ago | Report Abuse

Bursa Techs Index is currently bearish due to development in Wall Streets. When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end.

blackchicken

1,102 posts

Posted by blackchicken > 1 week ago | Report Abuse

https://asia.nikkei.com/Economy/Trade/U.S.-waives-tariffs-on-solar-pan...
BANGKOK/NEW YORK -- U.S. President Joe Biden on Monday declared a 24-month tariff exemption for solar panels manufactured in Thailand, Vietnam, Cambodia and Malaysia.

Mabel

16,976 posts

Posted by Mabel > 1 week ago | Report Abuse

That should be good news for our Greatech blackchicken! Here;s more..

Mabel adventure in the EV Investment

Front End - Dnex
OSAT - MPI and Inari
Charging Infra - Tenaga and Yinson
ATE Automation Specialist - Greatech, Vitrox and PentaMaster

Double-digit growth continues unabated & stronger - The tenth consecutive month of double-digit export growth in May 2022 reflect continued double-digit growth in manufacturing exports (May 2022: +27.3% YoY; Apr 2022: +17.3% YoY), agriculture exports (May 2022: +43.9% YoY; Apr 2022: +29.8% YoY) and mining exports (May 2022: +54.9% YoY; Apr 2022: +64.5% YoY). Now you know why Digital Economy is very important in Mabel's Value Investing Portfolio..

To Our Success !

Meow Meow Meow

Mabel

16,976 posts

Posted by Mabel > 1 week ago | Report Abuse

Time to fly

Wall street closed Green yesterday

Meow

Mabel

16,976 posts

Posted by Mabel > 1 week ago | Report Abuse

Stocks rose Tuesday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession.

The Dow Jones Industrial Average jumped 641.47 points, or 2.15%, to 30,530.25 in its best day for the month. The S&P 500 also climbed 2.45% to 3,764.79, making it the index’s best day in June. The Nasdaq Composite popped 2.51% to 11,069.30.

Meow

Mabel

16,976 posts

Posted by Mabel > 1 week ago | Report Abuse

In a bull market, anybody with a finger can press the green button and make money. "Analyst" and "Gurus" get to get away even if they are wrong because the trend is on their side.

Bursa Techs Index is currently bearish due to development in Wall Streets. When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end.

The market now is good for those who want to grow their money, definitely not good for those who want to make money trading.

Those TP are for long term investors. Hence, speculators don't see value in the research as the TP won't be reflected in short term.

Mabel adventure in the EV Investment

Front End - Dnex
OSAT - MPI and Inari
Charging Infra - Tenaga and Yinson
ATE Automation Specialist - Greatech, Vitrox and PentaMaster

Double-digit growth continues unabated & stronger - The tenth consecutive month of double-digit export growth in May 2022 reflect continued double-digit growth in manufacturing exports (May 2022: +27.3% YoY; Apr 2022: +17.3% YoY), agriculture exports (May 2022: +43.9% YoY; Apr 2022: +29.8% YoY) and mining exports (May 2022: +54.9% YoY; Apr 2022: +64.5% YoY). Now you know why Techs Digital Economy is very important in Mabel's Value Investing Portfolio. Beside some of the above companies has multi business like Dnex..

To Our Success !

Meow Meow Meow

IMwhatIM

530 posts

Posted by IMwhatIM > 1 week ago | Report Abuse

If you are a long term investor. Greatec is definitely a good bet. I have been in it since January 2020 and it is the best performing stock in my portfolio.

nicholas99

6,477 posts

Posted by nicholas99 > 1 week ago | Report Abuse



Home›Stock Market›News»The Stock Market Is Poised For A Strong 2nd Half Of 2022 As The US Economy Avoids A Recession And Inflation Gets Cut In Half, JPMorgan Says
The stock market is poised for a strong 2nd half of 2022 as the US economy avoids a recession and inflation gets cut in half, JPMorgan says

IMwhatIM

530 posts

Posted by IMwhatIM > 1 week ago | Report Abuse

Greatec starting to fly again. Had an impressive start today. The results for 2nd qtr is expected to be much2 better than the 1st qtr. Turnover for 2022 is going to be much higher than 2021.

nicholas99

6,477 posts

Posted by nicholas99 > 1 week ago | Report Abuse

US without Tech is not US..

nicholas99

6,477 posts

Posted by nicholas99 > 1 week ago | Report Abuse

should green... next few days.

IMwhatIM

530 posts

Posted by IMwhatIM > 1 week ago | Report Abuse

I tend to agree with nicholas99. The buying this morning is pretty strong. Its obvious that it is moving upwards.

Cakes Moon

6,368 posts

Posted by Cakes Moon > 6 days ago | Report Abuse

I support Greatch!!!

blackchicken

1,102 posts

Posted by blackchicken > 5 days ago | Report Abuse

NEW YORK, June 24 (Reuters) - U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half of the year, J.P. Morgan's chief global markets strategist, Marko Kolanovic, said on Friday.

blackchicken

1,102 posts

Posted by blackchicken > 5 days ago | Report Abuse

Mercury Securities starts coverage on Greatech, expects more contract wins
https://www.theedgemarkets.com/article/mercury-securities-starts-cover...

IMwhatIM

530 posts

Posted by IMwhatIM > 5 days ago | Report Abuse

Greatec is likely to hit the RM4 level next couple of days. Many pessimists appeared to turn optimistic on this counter. Where has the guy who was waiting to buy at RM2.80 gone to?

monetary

3,925 posts

Posted by monetary > 4 days ago | Report Abuse

6months of downtrend. 18months of uptrend :)

neohts

1,507 posts

Posted by neohts > 4 days ago | Report Abuse

My guru and Sifu told me.
Inari and Frontkn is going the break $3 in July.
Greatec and Penta is going to break $4 in July.

IMwhatIM

530 posts

Posted by IMwhatIM > 4 days ago | Report Abuse

If Nasdaq does not tumble tonight then Greatec is likely to hit RM4 tomorrow. Keeping fingers crossed. Haha!

fruitcake

461 posts

Posted by fruitcake > 4 days ago | Report Abuse

if not then we all going to break...hohoho

IMwhatIM

530 posts

Posted by IMwhatIM > 3 days ago | Report Abuse

It is quite obvious that someone or a syndicate is bashing the price down to get it cheap knowing well that the price will jump when the next qtr results are out which is just slightly a month from now.

Markv572421

2,266 posts

Posted by Markv572421 > 1 day ago | Report Abuse

Greatec no energy already

Markv572421

2,266 posts

Posted by Markv572421 > 1 day ago | Report Abuse

Malaysia tech stock very sickening .....

Posted by wallstreetrookie > 16 hours ago | Report Abuse

Sell all your Greatech shares. Greatech boss dumped a lot of shares back in 2021

LossAversion

1,588 posts

Posted by LossAversion > 15 hours ago | Report Abuse

@wallstreetrookie, 2021 has passed. Look who are acquiring in march 2022

Posted by wallstreetrookie > 15 hours ago | Report Abuse

Tan Eng Kee sold 16 million shares in 2021. He only bought less than 2 million shares in 2022 at a lower price.

Posted by wallstreetrookie > 15 hours ago | Report Abuse

My argument is based on facts, not emotions. Just look at it yourself.

LossAversion

1,588 posts

Posted by LossAversion > 15 hours ago | Report Abuse

Trust this self-made former part-time bakery worker and son of a taxi driver!!

imvu

5,528 posts

Posted by imvu > 11 hours ago | Report Abuse

3.610 , beli untuk gap up limit up hijau isnin minggu depan

IMwhatIM

530 posts

Posted by IMwhatIM > 5 hours ago | Report Abuse

The major shareholders selling at high prices and buying back at lower prices is nothing unusual. They are just like us and everyone else, buy low and sell high.

If the Greatec is expected to do better in 2022 compared to 2021, it makes sense for the major shareholders to buy back at lower prices like now.

I am pretty sure when the foreigners dumped the shares all the way down from RM6.50 to RM2.80 sometime in March 2022, the major shareholders must have been the main buyer.

MrsLim

50 posts

Posted by MrsLim > 4 hours ago | Report Abuse

A repost of my comments in Serbadk forum last year


Posted by MrsLim > 2021-12-12 22:33 | Report Abuse

Greatech or GreatScam?

As at 10th Dec 2021, Greatech's market cap was at a dizzying level of RM8,464M and PE ratio that is close to 100.

Greatech's website at greatech-group.com listed it's product and services as - Solar, Electronic Devices, Semiconductor, Life Science, Energy Storage and Glass Substrate.

It's FY2020 annual reported that Customer A, Customer B and Customer C accounted for 95% of the year's revenue. (Between 2019 and 2020, contribution by Customer B dropped by almost RM104M but a new Customer C contributed RM158M in 2020, a period of global pandemic).

Receivables increased sharply to RM125.559M for the quarter ended 30 September 2021.

Taxes paid for the first 9 months of 2021 is only 0.8% of PBT.

It appears that Greatech derived it's revenue primarily from EV customers.

However, the customers have not been specifically named, with the exception of Atlis Motor Vehicles. Altis Motor Vehicles is just a start-up and the amount of money that it has managed to raised through crowdfunding was only about USD5M.


--->>> Without paying taxes, a company can report high profits just by shipping empty boxes.

--->>> While revenue has increased by 174% for the first nine months of 2021, trade receivables and contract liabilities increased by 237% to reach RM237.344M

--->>> Greatech's customers are dubious

--->>> Greatech's only customer that was named is Altis Motor Vehicles

--->>> By doing fund raising through Instagram and crowdfunding, Altis Motor Vehicles also appears to be a dubious company

--->>> Aturmaju Resourses also has questionable customers and financials and currently has a PE ratio of 2

--->>> At a PE of 2, Greatech's share price is worth only RM0.14/share (2019 PAT RM87.847 x 2 / 1252)



__________________________ 30/09/2021 ______ 30/12/2020
Trade and other receivables ___ 125.559M _______ 41.459M
Contract liabilities ___________ 111.785M ________ 58.349M

Cumulative 9 months _________ 30/09/2021 ______ 30/12/2020
Revenue ___________________ 326.83M ________ 184.78M
Cost of sales ________________ (197.072M) ______ (107.209M)
Gross Profit _________________ 132.761M _______ 77.571M
PBT _______________________ 114.983M _______ 60.144M

Tax expense ________________ (0.947M) ________ (0.806M)

Net Profit __________________ 114.036M ________ 59.338M


https://www.theedgemarkets.com/article/greatechs-us-unit-wins-battery-...

KUALA LUMPUR (April 5): Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells.

“This new order confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions provider said in a statement.

The identity of the customer and the value of the purchase order were not disclosed.

Page 112
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...

___________________ FY2020 __________ FY2019
Customer A _________ 48,035.960M _____ 47,744.048M
Customer B ________ 42,054.731M ______ 146,268.945M
Customer C ________ 158,117.222M ______ *
Total _____________ 248,207.913M ______ 194,012.993M


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...
Page 19
In August 2020, the Group successfully secured our first order for a PLS from a new customer in the EV energy storage.

As announced in February 2021, through our wholly owned subsidiary, Greatech Integration (USA) Inc. has successfully inked a partnership agreement with Atlis Motor Vehicles, Inc.

In early April 2021, the subsidiary successfully secured its first purchase order in USA from a new EV customer for equipment for the production of lithium-ion battery cell.


Atlis Motor Vehicles R&D products: Atlis Energy, XP Platform, XT Pickup

Crowd Funding by Atlis Motor Vehicles
https://investinatlismotorvehicles.com/
Investors: 4,108
Raised: USD 4.999M



Mabel #rchi Mabel,not wise to waste energy to defend this piece of S*it.Better spend time monitoring your winning trade like greatec.Going forward,Fed likely hasten monetary tapering.More s*its will join this one n atamis m mgrc.
12/12/2021 6:52 PM

Cheers to Greatech.

Greatech has been a Darling..

Bought since IPO and it keeps giving Mabel endless orgasm...

To our success

Meow
12/12/2021 9:41 PM

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