I am not surprised if more broking houses are calling a buy on Greatec with raised TPs of maybe RM5.50 to RM6.00. Relative to other tech stocks, Greatec is holding pretty well this morning.
I tend to believe that the 2nd qtr results are much better than the the 1st and that explains why the insiders are buying up the shares now. It looks like it will move further up until the results are released. All the best, guys!
It looks like the syndicate is trying to bash the price down but unfortunately there are not many weak holders. If they want to buy more then they have to buy upwards. Hehe!
Syndicate trying hard to cap the price at 3.72 level and hope to collect more below that price. I am pretty sure they are aware that when the results are out next month the price will go up much higher.
Stocks rallied Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increase to fight inflation, but hinted that it could slow the pace of its hiking campaign at some point.
The Dow Jones Industrial Average jumped 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% to close at 4,023.61. The Nasdaq Composite climbed 4.06% to 12,032.42. Tech shares led gains a day after quarterly results from Alphabet and Microsoft.
This morning sold all at RM3.85, hahax!!! Tonight US going announce contracted GDP again (2 consecutive quarters), market going to shout the fear of recession again!!!
By buying the shares up to 3.87 and also pushing it down to buy the average cost to the syndicate is abt RM3.80. Assuming they want to make 20% profit, they are likely to push it up to RM4.60 to sell when the qtr results come out as early as next week. Selling today may not be a very good idea. This is just my simple thought.
In line with IM...the average cost to the syndicate is about RM3.80. Assuming they want to make 20% profit, they are likely to push it up to RM4.60 to sell when the qtr results come out as early as next week. Anyway Congratsto those that has locked their profits!
2.5 million units done in 1st 2 hrs of trading today. This is a huge volume when It was 5 mil for the whole of yesterday. I am trying to read in between the lines. The shares were bought up quite aggressively. What does that say when the results are due to be out soon? The people who have the " inside info" are telling us that the results will be good and that is the reason why they are buying up now.
This is not a SURE THING and i am only sharing my personal view. To some this is just rubbish. Everyone has his/her own view.
Our daily life is exciting when you allow your thoughts to run freely.
Having closely monitored the share price movements last few days and today I must say that I am impressed with the syndicate " managing" the counter. They have the strength to move the prices whichever direction they so desire. Its good to have them around as they make the counter both interesting and exciting.
A bit of speculative work here may add some excitement to the counter. With the lockdown now over the cost of production is likely to go back to normal. With the expected increase in revenue in 2022 compared to 2021 by some 25%, the expected profit in 2022 is also expected to go up.
There is a fair chance that the EPS for 2022 will hit 15 cents. On the basis of 60X PE multiple, then the share price is likely to hit RM9 by early next year.
Even with a price of RM8, the company may offer a bonus issue of 1:1 like what it was done in January 2021.
History may repeat itself here in Greatec. Its good for Greatec as restructuring of this nature will definitely attract big time corporate investors to the company.
The remarkable recovery of the share price this morning seems to indicate something here: the qtr results will be out soon and are likely to be impressive.
Agree with you IMwhatIM, BK3 new plant operational in May'22 will add another (265 sq. ft.) to the existing 340 sq. ft. (BK1 & BK2), definitely this will further boost up the capacity and revenue for the company!!! BK4 with 525 sq. ft. still in the pipeline, the future for both EV and solar panel business is very bright!!!
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....
imvu
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Posted by imvu > 2022-07-12 08:52 | Report Abuse
oh no