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....
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.
"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.
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..
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.
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.
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.
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.
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
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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Posted by hanzo > 2021-08-19 17:40 | Report Abuse
Lol where is dat @sabuns?? HAHAHAHA