GREATECH TECHNOLOGY BERHAD

KLSE (MYR): GREATEC (0208)

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Last Price

2.10

Today's Change

-0.02 (0.94%)

Day's Change

2.07 - 2.13

Trading Volume

1,796,200


5 people like this.

7,899 comment(s). Last comment by EatCoconutCanWin 2 weeks ago

hanzo

72 posts

Posted by hanzo > 2021-08-19 17:40 | Report Abuse

Lol where is dat @sabuns?? HAHAHAHA

Posted by kpowersohai > 2021-08-19 20:04 | Report Abuse

insiders disposing surely due to overvalued ady.....RUNNNNN......meanwhile i had set buy order at rm6....patiently waiting for weak hearted panic sell to me....

nakata

307 posts

Posted by nakata > 2021-08-19 21:00 | Report Abuse

Most of electronic counters fell today

Zachzach

1,257 posts

Posted by Zachzach > 2021-08-19 22:33 | Report Abuse

Pang : but u said genetec - u drive to bukit kayu hitam rm40 maaa
How come u offload it? Lol

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 08:17 | Report Abuse

Greatech Technology Berhad $GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD)
Research by PublicInvest

Outperform: Target Price: RM7.70

“New Expansion to Support Growth”

To continue supporting the Group’s growth in multiple business segments, Greatech has committed RM200m worth of capex to construct two new manufacturing facilities in Batu Kawan and to expand its existing headquarters (HQ) in Bayan Lepas to increase manufacturing floorspace. Upon completion in FY22, Greatech is estimated to have a total manufacturing floorspace of 1m sqft, which will help to support the Group’s capacity needs until FY23. With the recently signed Master Equipment Purchase Agreement (MEPA) with First Solar, we expect Greatech to start receiving substantial order replenishments from the latter soon. We maintain our Outperform call on Greatech, with a higher TP of RM7.70, as we peg our FY22F EPS of 17.0sen to a higher PE multiple of 45x, in order to be in line with the tech counters under our coverage. We deem the valuation justifiable, given Greatech’s unique exposure to the photovoltaic (PV) and electric vehicle (EV) battery segment, as well as its recent foray into the medical segment, which we expect would help lift the Group’s margins once it starts to gain momentum.

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 08:20 | Report Abuse

Greatech Technology $GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD)
Reasech by UOBKayHian
Buy(Maintained) : Target Price : RM8.30

"2Q21: Fifth Consecutive Record-Beating Profit; The Best Is Yet To Come"

Greatech recorded impressive results (+10% qoq, +120% yoy), its fifth consecutive record-beating profit. While 2Q21 margins were impacted by higher freight cost, we understand the additional costs are recoverable. We expect significant order replenishment from First Solar, notwithstanding the ongoing negotiations with its EV customers which we have not factored into our earnings. We raise our 2022-23 earnings by 15-30%. Maintain BUY with a higher target price of RM8.30.

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 08:22 | Report Abuse

Target Price

20/08/2021 RM 7.77 i3 TP
20/08/2021 RM 8 Mabel Short Term TP

Meow Meow Meow

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 08:25 | Report Abuse

Achievement pass 5 Years = 777.78%
Achievement pass 3 Months = 40.24%
Achievement pass 1 Months = 15.99%

Meow Meow Meow

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 08:34 | Report Abuse

Bursa Technology Index - Ready for a new high?

The index currently hovering on 61.8% level of the trend-based fibo. The level which was previously a resistance has now turned support. Also, the RSI is now touching the upward trendline. There's a possibility of rebound at the current level based on the fibo and RSI..

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-20 08:45 |

Post removed.Why?

PROFIT2020

297 posts

Posted by PROFIT2020 > 2021-08-20 08:56 | Report Abuse

Morning

PROFIT2020

297 posts

Posted by PROFIT2020 > 2021-08-20 08:56 | Report Abuse

Mine 714

PROFIT2020

297 posts

Posted by PROFIT2020 > 2021-08-20 08:57 | Report Abuse

Any suggestion mabel?

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 11:05 | Report Abuse

Let's see if they can break the RM 7.6 Resistance ...

It's looking good guys...

Meow Meow Meow

PROFIT2020

297 posts

Posted by PROFIT2020 > 2021-08-20 11:11 | Report Abuse

Yes…

shiby

217 posts

Posted by shiby > 2021-08-20 11:16 | Report Abuse

nice.slow and steady going up

PROFIT2020

297 posts

Posted by PROFIT2020 > 2021-08-20 11:26 | Report Abuse

Good

Posted by kpowersohai > 2021-08-20 16:03 | Report Abuse

runnnnn....crashingggggg

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-20 16:35 |

Post removed.Why?

hanzo

72 posts

Posted by hanzo > 2021-08-20 16:36 | Report Abuse

Game over already

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 16:58 | Report Abuse

Yes for this week...

So we see next week lor...

Have a nice weekend everyone..

Meow

Powerplay666

1,023 posts

Posted by Powerplay666 > 2021-08-20 17:30 | Report Abuse

Never expected to get such a good ep for Greatec. Piled in at 7.09. Good long term hold.

Mabel

23,966 posts

Posted by Mabel > 2021-08-20 18:28 | Report Abuse

Indeed...

Retracement is always an opportunity...

Greatech is a great company to keep...

Well done..

Posted by topglove123 > 2021-08-20 21:31 | Report Abuse

good company dont worry

Cakes Moon

6,929 posts

Posted by Cakes Moon > 2021-08-21 08:54 | Report Abuse

Malaysia finally got a new PM, politics stable, leads to Dow Jones & Nasdaq shoot up last night.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-21 09:00 |

Post removed.Why?

Zuliana

5,395 posts

Posted by Zuliana > 2021-08-21 09:51 | Report Abuse

I suka tech stock

Zuliana

5,395 posts

Posted by Zuliana > 2021-08-21 09:58 | Report Abuse

Ada lagi tech stocks yang Bagus? Kasi beritahu di sini lah.

denniszzbl

217 posts

Posted by denniszzbl > 2021-08-21 19:30 | Report Abuse

This counter definitely will stay hold until RM10 before announce another round of bonus issue in FY21

skyhin

522 posts

Posted by skyhin > 2021-08-21 23:02 | Report Abuse

Zuliana..... Kobay

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-22 11:46 |

Post removed.Why?

Posted by wallstreetrookie > 2021-08-23 10:57 | Report Abuse

Until you hear Jpow says something like "benchmark interest rate below natural interest rate" or "economic reopening x10 in one meeting", don't even bother about possible rate hikes/taper. This stock is highly correlated to Nasdaq and S&P500 and USD/MYR.

Posted by wallstreetrookie > 2021-08-23 11:03 | Report Abuse

The juxtaposition of a hawkish leaning Fed and worsening Covid situation is hardly a recipe for quiescent markets. Stocks fell following the release of the minutes, and fell again on Thursday.

In an environment where the pandemic could worsen before it gets better, the Fed may feel the need to put more flexibility on the timing of its taper plans. That will be something to look for at the central bank’s annual symposium in Jackson Hole, Wyo., which begins Friday next week. From there it will be a matter of watching what happens with Covid and how households respond. The recent pickup in vaccinations and a return to more mask-wearing and other mitigation efforts might bring the pandemic back under better control by the end of September, for example, in which case the Fed could send a firmer tapering signal.

Posted by wallstreetrookie > 2021-08-23 15:11 | Report Abuse

Not going to rush and buy the dip today. Wait until Friday and decide.

Posted by wallstreetrookie > 2021-08-23 15:12 | Report Abuse

The market is waiting for bad news to drop. Especially in the US right now. Malaysia, on the other hand, can celebrate for political stability this year.

Posted by wallstreetrookie > 2021-08-23 15:19 | Report Abuse

The long term prospects remain bright. But if you are a swing trader, you are in for rough ride this week and until the end of Q3 2021.

hanzo

72 posts

Posted by hanzo > 2021-08-23 16:24 | Report Abuse

Haiya Greatec not great anymore. Game over already. Support too weak

lsv1977final

1,446 posts

Posted by lsv1977final > 2021-08-23 16:43 | Report Abuse

Tan Eng Kee had been holding 68% of Greatec shares since listing, meaning his value was around 68% x 8777mil = Rm5958mil. With such huge holding, I think selling of Rm200mil is fair

To Tan Eng Kee, Rm200mil is peanut. But market see Rm200mil selling as something very big.

Posted by warmplayer > 2021-08-24 09:54 | Report Abuse

Tech counter green today....

Posted by wallstreetrookie > 2021-08-24 11:37 | Report Abuse

Buy more. Today is blue chip day. Tomorrow we will see.

Posted by wallstreetrookie > 2021-08-24 11:38 | Report Abuse

Frontrun here first

Posted by Jameslee Wah > 2021-08-24 13:11 | Report Abuse

The Directors already laughing to the Bank
Only the small fish is bleeding

Posted by kpowersohai > 2021-08-24 14:23 | Report Abuse

mana mabel meow meow?? sudah diam ka atau sudah jdi mooo mooo hahahaha.....mabel, no topup while price dropping meh? anyway, i will be still patiently waiting below rm7 for the panic seller to sell cheap2 to me

hanzo

72 posts

Posted by hanzo > 2021-08-24 14:45 | Report Abuse

Hahaha. mabel gone already. Only become sifu when green day.

Posted by kpowersohai > 2021-08-24 14:55 | Report Abuse

mabellll mabellll, mau jual saiya cheap2 ka?? sy offer lu rm6.5 per share mau ka?? meow meowwww...

Mabel

23,966 posts

Posted by Mabel > 2021-08-24 14:58 | Report Abuse

I'm waiting to collect below RM 7....

Mabel has been holding this stock since IPO Mah..

Nothing to worry to hold Greatec..

Now busy with Plantation

Meow

Posted by kpowersohai > 2021-08-24 15:02 | Report Abuse

mabelll suda mali....yitu greatech sudah mau pancut yini maciam lorrr....buyyy buyyy...all in

Mabel

23,966 posts

Posted by Mabel > 2021-08-24 15:03 | Report Abuse

Yes, with opening of economy, Mabel also moving to recovery stocks..

Mabel always allocate 20% Fund for Potential Goreng Stock. The return can be easily 3 digit ROI..

Buy when it is dirt cheap...another DNEX in the making...

Will come back to Greatec when she is ready to dance..

Now she has just enter retracement period

Mabel Target Price is still RM 8..

Meow Meow Meow

Posted by kpowersohai > 2021-08-24 15:15 | Report Abuse

mabell......lai give some suggestion for plantation stock good for long term?? laii meow meow

Mabel

23,966 posts

Posted by Mabel > 2021-08-24 15:40 | Report Abuse

We are dealing with an industry that are feeding 8 billion people across the planet.

Near term headwinds

Expect some CPO price pressure this week

We expect some price pressure on CPO in the week ahead. India’s soyoil and sunflower oil import duty cuts of 7.5-ppts for a period of 6 weeks is expected to be mildly negative on CPO demand and price. The wetter weather forecast in the US in the coming days has also added some pressure on US soyoil prices. Meanwhile, the much awaited EPA’s proposal on US biofuel blend in 2021 and 2022 will help set near term price direction. While we doubt the current high CPO price is long-term sustainable, it will nonetheless stay lofty (by historical standards) till early next year.

Preferred BUYs are KLK, SOP and BPLANT.


Despite yesterday’s gap down during the opening session, the FCPO recouped earlier losses
and managed to close higher amid the emergence of fresh buying interest within the current
support. We expect the on going optimism to turn into a stronger rebound in the near term.

SUPPORT - S1: MYR4,195 S2: MYR4,105
RESISTANCE - R1: MYR4,408 R2: MYR4,525
MOMENTUM - Rising interest within support
TREND - Uptrend still intact

Listed below are Mabel's collection of Plantation Stocks.

Sime Darby Plantation Malaysia
FGV Malaysia
KLK Plantation Malaysia
IOI Corp Malaysia
Sarawak Plantation Malaysia
TSH Malaysia
BPlant Malaysia
THPlant Malaysia
TaaNN Malaysia
JTIASA Malaysia
PPB Malaysia
Trengganu Dev TDMMalaysia
Singapore Wilmar Singapore
Indonesia Bumitama Agri Indonesia
Thailand Sri Trang Thailand

Meow Meow Meow

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