Posted by Bullacent > 2020-07-03 14:06 | Report Abuse

Good day until next week heheh

Posted by CoolJay > 2020-07-03 14:46 | Report Abuse

4.5 resistance

Posted by CoolJay > 2020-07-03 15:08 | Report Abuse

4.5 resistance break dy

Posted by Jeju88 > 2020-07-03 15:30 | Report Abuse

OMG! What is next?

Posted by 0123883772 > 2020-07-03 15:43 | Report Abuse

All sudah kaya 4.58

Posted by brendonyeap > 2020-07-03 16:35 | Report Abuse

Buy as much as possible, RM 5.00 is the TP

Posted by xuxu > 2020-07-03 16:58 | Report Abuse

everyday new high hehe !

Posted by Jeju88 > 2020-07-03 16:59 | Report Abuse

Another Vitrox in the making.

Posted by richard kh wong > 2020-07-03 17:07 | Report Abuse

Today hit new high 4.64.............

Posted by TanCL88 > 2020-07-03 19:32 | Report Abuse

This stock, when rm2.0, investment master ask to sell. When Rm3.0, master said is overvalue. When RM4.0, this is the bubble.

But the price is heading to rm5.0 soon. Lol

Posted by Aquarius67 > 2020-07-03 21:09 | Report Abuse

TIATE COVERAGE
Greatech Technology (GREATEC MK)
Direct Proxy To Growth With Unique Positioning For Fourth Industrial Revolution
Greatech offers an unique proposition beyond the typical ATE, which also automates processes in production lines. Its strategic exposure in the solar, medical and automotive industries offers better dynamics to weather cyclicality vs peers. Besides the new facility in Bayan Lepas, the group has also started construction of its Batu Kawan plant and new offices in the US, with completion targeted in 2021, to support growth beyond. Initiate coverage with BUY and target price of RM4.80.
 Still ample growth with strong orderbook visibility until 2021. First Solar (FS), the biggest revenue contributor to Greatech Technology (Greatech), is still transitioning its high-performance, eco-efficient Series 6 photovoltaic (PV) modules from the Series 4 PV modules. FS reiterated in its May 20 briefing that the ongoing Series 6 capacity ramp-up remains unchanged with capex of US$450m-550m in 2020. This is supported by an intact 12.3GW contracted backlogs and a 7.5GW in mid-to-late stage opportunity pipeline. As the largest automated equipment supplier for FS, we believe Greatech could continue to ride on FS’ growth, as evidenced by its strong ytd orderbook of RM215m.
 Portfolio diversification with exposure to strategic sectors to smoothen cyclicality. The group has made efforts to venture into other sectors beyond the solar industry which has been its bread-and-butter business. Note that its R&D activities for the assembly of battery modules and packs for automotive applications are translating into orders now. Meanwhile, under the medical segment, new R&D projects involving automation solutions for diabetes and inhaler related products, will contribute to revenue from 2020. This portfolio exposure, which offers the blend of high growth (robust demand for solar energy) and resiliency (EV battery and medical), provides the group flexibility in adjusting to cyclicality.
 Capacity relocation and expansion to support strong earnings growth. Besides the new operational facility - Plot 287A (built-up 75,000sf) - which will be used to cater to new customers in different sectors, Greatech has started construction of its Batu Kawan plant with completion targeted in Feb 21. The group will move from its rented premises to the 130,000sf plant which is at close proximity to the group’s head office in Bayan Lepas. The group is also setting up offices in the US and Europe to provide engineering sales and service support to customers; with expenses at <RM10m but providing huge door-opening potential. The new business from the EV battery and medical segments, with potential revenue of >RM50m in 2020, is a testament to it.
 Initiate coverage with BUY and target price of RM4.80, based on 30.0x 2021F PE, which implies a PEG ratio of 0.7x. Note that the ascribed PE is also at 10% discount from the industry forward PE. Its unique value proposition as opposed to peers has made it a scarce ATE player in the technology space. Resilient earnings base, superior growth outlook and its new business venture will support a 3-year (2018-21) net profit CAGR of 46%. The stock is currently trading close to +1SD above its the industry’s 5-year mean PE of 24.0x, but we believe its above-sector growth alongside strategic portfolio proposition would justify a higher valuation, not to mention the valuation re-rating from a potential transfer to the Bursa Main Market in 4Q20.
Thursday, 2 July 2020
BUY
Share Price
Target Price
Upside 24.0%
COMPANY DESCRIPTION
Greatech Technology manufactures automated equipment. Its products range from single automated equipment to a production line system which comprises multiple automated equipment.
STOCK DATA
GICS sector
Bloomberg ticker
Shares issued (m)
Market cap (RMm)
Market cap (US$m)
3-mth avg daily t'over (US$m)
KEY FINANCIALS
Year to 31 Dec (RMm)
Net Turnover
EBITDA
Operating Profit
Net Profit (Reported/Actual) Net Profit (Adjusted)
EPS (sen)
PE (x)
P/B (x)
EV/EBITDA (x)
Dividend Yield (%)
Net Margin (%)
Net Debt/(Cash) to Equity (%) Interest Cover (x)
ROE (%)
Consensus Net Profit UOBKH/Consensus (x)
Source: Greatech, Bloomberg, UOB Kay Hian
2020F 2021F
255.0 330.0
91.8 119.9 141.8 84.7 110.8 132.7
4.0 0 3.0 0 2.0 0 1.0 0
0.0 0
30
20 Volume(m)
10
0
Jul 19 Sep 19
Source: Bloomberg
ANALYST

Desmond Chong

+60321471980
desmondchong@uobkayhian.com

Posted by CoolJay > 2020-07-04 12:36 | Report Abuse

Monday retracement abit. Will top up more :)

Posted by BASforce > 2020-07-04 17:30 | Report Abuse

Me too will top up

Posted by yuenkl > 2020-07-05 14:45 | Report Abuse

Greatec is my baby. TP1- 4.35, TP2- 5.06, TP3- 6.20. @TanCL88, Only the smart investors will know Greatec is a potential stock. Those Sohai and sour grape investors will tend to talk nonsense.

Posted by brendonyeap > 2020-07-06 08:38 | Report Abuse

Buy as much as possible, this week must touch RM 5.00

Posted by xuxu > 2020-07-06 09:12 | Report Abuse

hehe everyday new high

Posted by investortrader88 > 2020-07-06 09:24 | Report Abuse

huat ahhhhhhhhhh. !

Posted by CoolJay > 2020-07-06 09:38 | Report Abuse

wohooo :3

Posted by Dakewlest > 2020-07-06 12:41 | Report Abuse

Can go RM5.00? Bought again this morning....

Posted by 0123883772 > 2020-07-06 15:14 | Report Abuse

I believe the fair value is quite close to RM5.30. All the best to all.

Posted by CoolJay > 2020-07-06 15:34 | Report Abuse

tomorrow will go to RM 5 :)

Posted by Dakewlest > 2020-07-06 16:37 | Report Abuse

Share bonus is imminent. Right?

Posted by xuxu > 2020-07-06 17:07 | Report Abuse

everyday up how to sell ? hehe

Posted by yorkyork > 2020-07-06 19:38 | Report Abuse

Mini Tesla in the making, will they success?

Posted by yorkyork > 2020-07-06 19:39 | Report Abuse

yorkyork Let me push higher gap up for u all. Saturday night space x Tesla using greatech solar panel to launch the dragon.
31/05/2020 12:05 PM

Posted by CoolJay > 2020-07-06 21:45 | Report Abuse

I want to top up lerh but dunno when to go in :/

Posted by stock_investor > 2020-07-24 15:58 | Report Abuse

Let me tell u. Greatech got new orders from tesla solar in buffalo, us. Haha

Posted by Jeju88 > 2020-07-07 08:33 | Report Abuse

Dow Jones up 459 pts.

Posted by 0123883772 > 2020-07-07 09:13 | Report Abuse

It continues with upward trend.... everybody shld be happy.

Posted by Dakewlest > 2020-07-07 13:31 | Report Abuse

Must hit RM5 first.

Posted by CoolJay > 2020-07-24 12:17 | Report Abuse

sudah jual. thanks greatec :)

Posted by Jeju88 > 2020-07-24 12:16 | Report Abuse

OMG! Vitrox rm10.34! For Greatech Rm5.00 coming, before closing today.

Posted by CoolJay > 2020-07-08 21:29 | Report Abuse

Saw opportunity this morning went in again. :3

Posted by Fundamental123 > 2020-07-09 23:10 | Report Abuse

ANOTHER NEW POTENTIAL SOLAR COMPANY- ADVANCECON !

Advancecon signs second MoU for solar energy venture

KUALA LUMPUR (June 30): Earthworks and civil engineering services provider Advancecon Holdings Bhd has signed a second memorandum of understanding (MoU) for its solar energy venture.

In a statement dated June 29, Advancecon said its wholly-owned subsidiary Advancecon Solar Sdn Bhd inked the MoU with Melaka-based automotive and industrial product distributor YHI Manufacturing (Malaysia) Sdn Bhd for the installation of solar photovoltaic system with a total generation capacity of 2,663.28 kWp under the Net Energy Metering (NEM) scheme.

Posted by Jeju88 > 2020-07-12 16:56 | Report Abuse

Dow Jones up 369 pts on Friday, 10/7/2020. Good sign that KLCI may continue rally.

Posted by 0123883772 > 2020-07-12 17:51 | Report Abuse

Soon Greatec will be promoted to the Main Board of Bursa. Most fund managers put the fair value of a listed share as the prospective EPS ( in this case EPS for y/e 31Dec 2020) x PE ratio which is 49 ( per KLscreener). Assuming the earnings growth is 20% then EPS for 2020 is 9.62 cents x 1.20 = 11.54 cents x 49 = RM5.65, which is the fair value in the eyes of most fund managers. Normally the PE multiple for Main Board counter is higher than ACE Board. Vitrox is in the same sector but is on the Main Board and has PE multiple of 60. If we apply this PE of 60 then there is further upside. Wishing all a happy week of investing in Greatec.

Posted by BASforce > 2020-07-12 20:21 | Report Abuse

yes, i'm holding @4.00 for marathon...

Posted by yorkyork > 2020-07-12 23:58 | Report Abuse

Send to T already last week

Posted by CoolJay > 2020-07-13 12:54 | Report Abuse

want to top up around 4.6..

Posted by 0123883772 > 2020-07-13 15:30 | Report Abuse

Vitrox is up 40 cents to RM10.30. Greatec likely to run up as well?

Posted by CoolJay > 2020-07-13 17:03 | Report Abuse

uwc already up... when greatec... :(

Posted by Bullish > 2020-07-14 13:13 | Report Abuse

JCY looks yummy

Posted by do0gie91 > 2020-07-16 14:21 | Report Abuse

TP 5.50

Posted by CoolJay > 2020-07-16 17:09 | Report Abuse

Sad semua jatuh :(

Posted by Jeju88 > 2020-07-17 10:07 | Report Abuse

All bounds back. No worries. Just Andy Hall only. He goes round the world making trouble esp in Asia region. Forget about him.

Posted by do0gie91 > 2020-07-17 11:51 | Report Abuse

buy now before greatech rallies again, penta dufu etc have recovered

Posted by brendonyeap > 2020-07-20 07:10 | Report Abuse

This stock is worth at least RM 5.50 as it is a hybrid company - EV, solar and medical devices.

Look at uwc and penta, also hybrid companies. The their PE ratio trading twice the ROE currently.

Posted by CoolJay > 2020-07-20 11:13 | Report Abuse

downtrend dy ? like no power anymore

Posted by Choong Wah Kean > 2020-07-20 11:45 | Report Abuse

Cool Jay the reason Dufu and Penta share is going up fast now is bcoz they have announced bonus issue in their agm. Unfortunately, Greatech didn't announce any good news lately.

Posted by 888Money > 2020-07-20 15:25 | Report Abuse

@chong Wk
Yes, you are right!