Capex for 12 months ended 31/12/2021. Purchase of PPE 48.38mil (last yr 29.5mil). Right of use assets 41mil (last yr nil). Something is brewing? Greatec charging her engine for the next growth phase?
For FY22, Greatech said that its prospects remain positive, underpinned by long-term growth factors within its target markets, adding that it is well placed in sectors that are transforming rapidly for sustainable development.
The automation solutions provider highlighted that it will continue to focus on capturing the opportunities from the global demand rebound, broadening its offerings to customers and disciplined cost control to drive further improvements while remaining cautious about the supply chain disruptions and other challenges posed by the pandemic.
"With the continued strong demand across our markets, particularly in e-mobility, the group's revenue in FY22 is expected to be derived mainly from EV energy storage, solar and medical sectors," its filing wrote.
It pointed towards its accumulated outstanding order book, standing at RM546.65 million as at Feb 23, 2022, which is expected to last until the first half of 2023.
It also allocated a further RM13.14 million as its targeted capital expenditure (capex) investment in FY22 to support operating and growth requirements in addition to its FY21 capex.
Tech undergoing major price corrections (e.g. look at pmbtech, good QR but price still drop) and is currently out of rotation play (plantation and consumer goods are in right now). Sell/cut loss if you want to jump on to the next hot counter, or hodl/buy the dip whenever Greatech reached new low.
I have a very small stake in greatech, no plans to sell, but have plans to buy if it drops to around RM3.70. Keep for long term lah. If company's fundamental's good can wait and bottom fish this counter.
European countries has frozen 60% of Russian Central Bank money and Putin has his finger on Nuclear Weapons trigger. And you go in and buy stocks. What are you thinking. Stay away from stocks. 100% cash.
We are all responding to uncertain events in one way or another. Best case scenario: Peace talk agreed between Russian and Ukrainian officials. War ends in a week or so. Life returns to normal. Worse case scenario: Fighting escalated and more countries get involved. WW3 inkambing. Under best case scenario, proceed as normal (90% stocks and 10% for bottom-fishing) Under worse case scenario. 100% cash (don't hold ringgit, either gold or USD/CNY, or whichever country that has the best chance of surviving WW3). Which scenario is more likely? Only Tuhan knows.
Hi again, bang_miskin :D same, have a small stake here at pretty high average, looking to average down around the 3.7-3.8 range but it didnt go there again after the first drop.
>I have a very small stake in greatech, no plans to sell, but have plans to buy if it drops to around RM3.70. Keep for long term lah. If company's fundamental's good can wait and bottom fish this counter.
@eatcoconut >Russian war can affect bursa meh. So far away
Investors makes up share prices. Investors in Bursa can be investors from all over the world/investing in markets other than Bursa. When one pocket money out, another pocket need to feed money in. Look at the bigger picture.
@YourQuirkyWays29 nice to meet you here too. I bought mine at RM5 after a recent correction, did not expect it to drop below RM4, lol! Figuring that gloves wasn't doing too well at the moment, thought I would be better off buying the leading company from each industry. Still accumulating gloves, though currently waiting for Topglove's QR this month.
Quite surprise with tech trend....I guess tech bubble really deflated. Too bad my funds are limited and currently earmarking funds for gloves (Harta). However if Greatech continues to fall, will strongly consider to accumulate a little. No reason to panicked...enable bottom-fishing mode.
Our tech performance tied closely with the Nasdaq. Let's see if Greatech can move up today. If fundamentals are intact, should not worried about averaging down in batches/tranches. Don't worry about the naysayers, there's one in every counter.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3157 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NatsukoMishima
7,630 posts
Posted by NatsukoMishima > 2022-02-25 21:19 | Report Abuse
Latest QR Net profit: share price:
Genetec 19m - 2.39
Inari 108m - 3.17
Kobay 15m - 3.87
MI 12m - 2.07
Penta 30m - 3.50
Vitrox 46m - 7.87
Dnex 44m - 1.16
Fronktn 29m - 3.07
MPI 85m - 36
Greatech 27m - 4.35
Do u think which one will foreign funds n local funds sapu ??
Do u think which one is super under value ??