In the stock market a player cannot win all the time but you must make sure you win more often than you lose then only you are in business.
I have been investing in Greatec since Jan 2020. I paid RM2.70 for my first purchase and within 3 days it dropped to RM2.35 but it came back to my cost 2 days later. Haha!
This is my full-time hobby apart from Tropical Landscape . photography.
These two hobbies keep me excited throughout the 5 weekdays.
Opportunists are bashing the prices down to buy them cheap. Qtr results coming out soon. The prices will rebound and they can make quick bucks out of it. This is just my view.
The MOU for the acquisition of 60% of the Irish company spell good things for Greatec. If the deal goes through we shld be able to see the contributions from the acquisition by 2nd qtr of next year.
Hopefully this is the start of Greatec's business expansion. I strongly believe Dato Tan will turn Greatec into a company like no others.
I believe they cannot let it run to fast and too much just before they announce the results ( someone said it is this evening) or else some people may be hauled up for insider trading.
There is a possibility that that was done to " corner" weak holders and when the results turn out to be good they can easily make some quick and good profit. Haha! There can be many different tricks in the market place.
Only the steel hearted survive well in the market place.
Revenue for Q2 up but Profit down 13% QoQ, down 34% YoY due to increase in costs. Good news is that order book increased to 507mil, an increase of 158mil during last three month (507-467+118).
Supply chain constraint and raw materials price hike are not new challenges and Greatech's management failed to address them. I wonder why Greatech's management couldn't react to these until todate by looking for other alternatives and mitigation plan. Dissappointed with the team's poor direction.
"First Solar (FSLR) is making a $1.2 billion investment into expanding its factory footprint in the U.S., providing a tailwind to President Biden’s push to accelerate domestic manufacturing and reduce America’s reliance on Chinese supply chains.
The largest solar manufacturer headquartered in the U.S., First Solar plans to invest $1 billion in a new fully vertically integrated factory based in the Southeast and an additional $185 million for upgrading and expanding its existing footprint in northwest Ohio.
The move allows the company to expand its solar capacity in the U.S. to 10 gigawatts over the next three years — enough to produce a solar panel every 1.6 seconds, according to First Solar CEO Mark Widmar." Let's see if Greatech secures more orders from First Solar.
Since the release of the qtr results the share price has dropped abt 11% which is not too bad when the other tech stocks also dropped that much. I believe many still believe the future of Greatec is still bright and many of its shareholders are still keeping the shares.
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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....
Cakes Moon
6,907 posts
Posted by Cakes Moon > 2022-08-04 19:42 | Report Abuse
Congratulation IMwhatIM for earning few hundred thousand!!!
You are my idol~