Looking at the way Greatec shares are being bought up, I believe some big time fund managers are snapping them up. It looks like hitting RM5.00 anytime now is not much of a problem.
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.
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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....
blackchicken
1,220 posts
Posted by blackchicken > 2022-08-03 22:19 | Report Abuse
https://www.thestar.com.my/business/business-news/2022/07/30/are-exporters-making-a-killing-from-the-low-rate