If Oil price continue going up and no cease fire between Russia and Ukraine ,warning of sanctions against Russia will make tech stocks continue to fall....
Greatech Technology Berhad (KLSE:GREATEC) has had a rough three months with its share price down. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
How To Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Greatech Technology Berhad is:
33% = RM142m ÷ RM431m (Based on the trailing twelve months to December 2021).
The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each MYR1 of shareholders' capital it has, the company made MYR0.33 in profit.
Sold all. Technical rebound only. You stay you die.
I forgot to tell y'all. 50 day mvg avg staged a DEAD CROSS of its 200 day mvg avg on 27jan. Its 50 day mvg avg staged another DEAD CROSS of its 400 day mvg avg on 04mar.
DOUBLE DEAD CROSSES. Mati 2 kali. Its in a LONG TERM BEAR MARKET towards 1.70.
Downtrend for the past two days was too fast, everyone rebut-rebut exit this counter. Now everyone rebut-rebut masuk balik. If you don't believe in tech, sell during rebound, don't rush to sell when everyone selling. Kena pijak sakit tau. For me I'll hodl like a r*t*rd. I like this stock.
Always reconsider for the fundamental of company When there is a market sentiment downtrend. Since have discount over 50% on tech stock. It is the right time to enter But select the best time.
At 1.14 i said descending triangle formed in dnex chart n target was 0.95. Bought dnex 5,000 lots 0.9525. 2,500 lots each at 0.95 n 0.955. Then it dropped to 0.865. My sheat came out a bit out of fear. Today sold 1.02. Profit 31++k$.
At 4.00 i said greatec wud break 3.73 low n head to 3.11/3.12. Bought 500 lots 3.11. Then it continued down the same day, bought another 500 lots at 3.01. Then yesterday after a quick syok2 watching it cleared 3.10, it succumbed to heavy selling to 3.83. It was holding 3.81 - 3.85 for a long2 time late evening. I said it was bottom. I doubled down bought 1,000 lots at 2.83. Total 2,000 lots averaging 2.945. Today sold most 3.15 - 3.18 n some at 3.25 - 3.26 averaging 3.19. Profit 46k++$.
In 3 days i make $78k++ what a CEO would make in a month.
I you dont know, i let you know. If you cant see, i let you see it.
For 30 yrs i hv been in stock market, industrial, tech or no tech valuation has always been 10 to 15 PE.
This greatec pushing to 65 PE during pandemic trades. It was a BUBBLE.
From the chart you can clearly see it was parabolic and then bubble popped straight down. The trade here is to buy on new low weakness and sell on rebound. In reality you cant get the absolute wave bottom to buy n rebound top to sell. Take what you can get. But DONT EVER STAY to invest long term.
Because last annualised earning is 8.8 cents. Current earning is 11.3 cents. At 15 PE, share price would be 1.30 - 1.70. As there are DOUBLE DEAD CROSSES in the chart, a confirmation that BUBBLE HAS POPPED and it is heading towards 1.30 - 1.70 long term TO HYBERNATE there sideways.
i3 Hall of Fame/Shame 1. Pang72: Contra God 2. Paktua: WhatsApp Pump and Dump God 3. Calvintaneng: "I told you so, buy this company that I recommend instead" AKA OG Master 4. Dompeilee: Appears in literally every stock that limit up Insider Trading God (I bought xxx two months ago and now it's up I am a God) 5. mf: Robot/AI God 6. CUTLOST: Career gambler 7. rr88/Cakes Moon: "Buy high sell low - Sell low buy high" 8. Johnzhang: Value + technical investor 9. OTB: OG Master 10. Mabel: FOMO Analyst
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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 3141 views | 3 d ago
0:17
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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....
rr88
6,532 posts
Posted by rr88 > 2022-03-09 06:31 | Report Abuse
Go away con mabel. Dont write too con long arr.