Posted by Jeju88 > 2021-03-16 09:45 | Report Abuse

Rebound to 4.96.

Posted by Dragon88 > 2021-03-16 09:46 | Report Abuse

buy , now or never

Posted by Jeju88 > 2021-03-16 09:47 | Report Abuse

Back to 5.00+ soon.

Posted by napnap > 2021-03-16 09:51 | Report Abuse

Market will correct itself dont worry

Posted by napnap > 2021-03-16 09:52 | Report Abuse

But u must have holding power ofcourse

Posted by Moneygame33 > 2021-03-16 09:52 | Report Abuse

最好是有管理人出来讲解。。包飞

Posted by julian1981 > 2021-03-16 09:56 | Report Abuse

buy now..is cheap

Posted by napnap > 2021-03-16 09:56 | Report Abuse

Dont contra

Posted by Jeju88 > 2021-03-16 10:02 | Report Abuse

Sold at 4.95. Will buy more when it reach the more realistic support of 4.30.

Posted by MingGoon > 2021-03-16 10:06 | Report Abuse

Source : Greatech Facebook
We are glad to continuously be able to assist our community in a cause of goodwill at our recently concluded Greatech Giving Day. The event was graced by the honourable presence of YB Puan Chong Eng who is the Penang State Executive Councillor (EXCO) for Social Development.
A combined total of RM 640,500 was contributed. The Penang Welfare Association for Mentally Retarded Children received a RM 200,000 donation from the Company, whilst 槟城大同华小 SJKC Tar Thong, Penang received RM 340,000 and RM 100,000 respectively from the Company and our Independent Non-Executive Chairman Ms Ooi Hooi Kiang. In addition to that, Greatech in collaboration with Gleneagles Hospital Penang also donated 50 computer sets to the Penang Chinese Girls’ High School.

Posted by MingGoon > 2021-03-16 10:07 | Report Abuse

Thank you Greatec for your continuing kindness to the community...

Posted by MingGoon > 2021-03-16 10:08 | Report Abuse

What comes round, will goes round...
whenever Greatec make some donations / contributions, Greatec shares always goes up to a new high again.
Check back past history, then you will noticed the similarity.
Gratitude ...

Posted by napnap > 2021-03-16 10:09 | Report Abuse

I seen many times this types of scenario n many times it rebound back even stronger...

Posted by napnap > 2021-03-16 10:11 | Report Abuse

Wishful thinking if it will fall to below 4, directors will come out to support their own counter.

Posted by shearer202 > 2021-03-16 10:16 | Report Abuse

Tech stocks will drop kaw kaw this week , dont step in first !

Posted by napnap > 2021-03-16 10:17 | Report Abuse

It's just a misunderstanding statements n misinterpreted that cause such a panic. Just look at all the true investors, then r all so calm n slowly collecting some pocket money...

Posted by napnap > 2021-03-16 10:21 | Report Abuse

Ini semua main kejar2 semut je...kelakar aku tengok

Posted by napnap > 2021-03-16 10:30 | Report Abuse

It's not easy to collect this counter below 5, opportunity to buy low...

Posted by Beast3 > 2021-03-16 11:07 | Report Abuse

Thanks, panic sell again. Collected just now

Posted by tmore1 > 2021-03-16 11:57 | Report Abuse

Agree with JTShares. At least someone is doing homework here.

[Page 13 of 31st Dec 2020 results]: “As of 4 February 2021, the Group’s order book stood at RM351.20 million, which is expected to last until first half of 2022”.

Just my 2 cents, please do your own due diligence and assess your risk yourself.

Recent info/estimates gathered from IB research sources:

(a) Two battery pack assembly line orders from Lordstown at total c.RM200-250m. Equals to 57%-72% of orderbook number stated on 4 February 2021.

(b) IB research sources are estimating FY2021/22 revenue at c.RM510-520m/RM600-610m. This assumes Greatech will clinch more orders from Lordstown and other customers along the year which is very possible. Also assumes more Lordstown orders in FY2022.

(c) So far, cash collected from Lordstown c.RM80-90m. Equals to 34%-42% of Lordstown orders. It is said cash collection is on track. This is good news. But this can change if Lordstown decide not to honour the payments. Put yourself in Lordstown shoes, if the allegations are true, will you be honoring your payments? Or get drawn out into a long legal battle where the results can take many years? If allegations are false, then it is good news.

Scenario 1 – Allegations are false. Nothing changes in Greatech’s 2021/22 outlook.

Scenario 2 – Allegations proven true. Lordstown halt payments and keep their cash for their legal battles. From Greatech’s perspective, this could mean c.RM120-160m of remaining orders whereby cash may be hard to collect. This is as good as lost business, equals to 34%-46% of orderbook RM351.20m. If calculated as percentage of IB research revenue estimates in FY2021, equals to 24%-31% of FY2021 estimated revenue potentially being cut. FY2022 revenue estimates will also be cut significantly if Lordstown orders are already stopping in FY2021. If these are the potential revenue estimates being cut, then the earnings estimates being cut could be equally as large. Those buying at c. 40x forward PE are in fact buying at higher forward PE if 2021/22 earnings estimates are to be cut.

Scenario 3 – Allegations proven true. Greatech manages to secure the pending cash payments. Greatech manages to find another customer to replace Lordstown. This is possible. Long-term outlook should remain unchanged, although there will certainly be some lack of order visibility in the short-term.

Share price has come down c.23% from peak RM6.40 to now RM4.90. The earlier decline in technology shares is attributed to the increasing 10 yield US yields. The higher risk-free rate, the higher the discount rate, the lower valuation of future free cash flow, the lower the fair value of stocks.

Before the Lordstown news, Greatech shares at RM 5.63 (12th March 2021). Now at RM4.90. The decline is only c.13%. This is considered a small decline compared to the potential cut of 34-46% in orderbook and potential cut of 24-31% of revenue and earnings estimates in Scenario 2.

There are a few scenarios that can happen. Please assess the risk and do your own due diligence.

It is about the future revenue, profits and free cash flow per share that determines the value of a stock.

Posted by Jeju88 > 2021-03-16 12:04 | Report Abuse

Tq Greateah. Previously bought at 4.29. Sold n made some profit. Done many rounds, even when at 0.80, 1.05, 1.07, 1.24, 1.38, 2.05, 2.99, 3.50 & finally 4.29.

Posted by Jeju88 > 2021-03-16 12:06 | Report Abuse

Will collect again later.

Posted by GooShen > 2021-03-16 12:29 | Report Abuse

Deadcat rebound
Don’t catch falling knife weiii

Posted by safewinner > 2021-03-16 12:54 | Report Abuse

Deadcat rebound weiii
Bought 4.75 sold 4.95 weiii
catch falling knife weiii

Posted by bursabigbull > 2021-03-16 12:57 | Report Abuse

https://finance.yahoo.com/news/two-tech-stocks-watch-biden-230000530.html

Posted by napnap > 2021-03-16 13:17 | Report Abuse

Goshen,r u alright? Do u need any medication?

Posted by Moneygame33 > 2021-03-16 14:41 | Report Abuse

恭喜有买到便宜的朋友。。。

Posted by WellMore > 2021-03-16 14:41 | Report Abuse

https://m.youtube.com/watch?v=8vUovp9TrB0

Saw this from one of the forum of Lordstown..

Posted by Moneygame33 > 2021-03-16 14:44 | Report Abuse

来个消息面什么都是假的。。。

不然就看技术面蜡烛收青

早晨之星？？

Posted by WellMore > 2021-03-16 14:45 | Report Abuse

Seems like the latest interview with the ceo and top management.. If what they claim is true, let's see whether bod happens today

Posted by Moneygame33 > 2021-03-16 14:47 | Report Abuse

WellMore https://m.youtube.com/watch?v=8vUovp9TrB0

在Lordstown的一個論壇上看到了這一點。


我不会听 不过也谢谢您的分享

Posted by Moneygame33 > 2021-03-16 14:49 | Report Abuse

今晚 NASDAQ 收青。。华哥4.30 PM 记者会。。。

Posted by investorV > 2021-03-16 14:51 | Report Abuse

Price is after eating steroid now.... go go go

Posted by WellMore > 2021-03-16 14:56 | Report Abuse

Hopefully it last, the monthly chart is a reminiscent march 2020 pattern

Posted by GooShen > 2021-03-16 15:20 | Report Abuse

Why in a hurry to catch falling knife?

Posted by MingGoon > 2021-03-16 15:23 | Report Abuse

Well....Greatec today from a low of 4.72 bounds up to 5.14.
next hurdle to cross shall be from 5.14 bounds up to 5.82
Dont believe...
Your choice...

Posted by MingGoon > 2021-03-16 15:24 | Report Abuse

Those who bought at 4.72... are laughing .
Each support... buy in
Keep till 10.

Posted by newbie2y > 2021-03-16 16:43 | Report Abuse

tmore1, good analysis there!

Posted by drnara78 > 2021-03-16 17:15 | Report Abuse

Wellmore, bod happened. Good luck tomorrow. Don't fomo. Glad I caught at 4.8

Posted by Moneygame33 > 2021-03-16 17:19 | Report Abuse

有人欢喜有人优。。。。被洗出的，也有新股东。。。股票就是这样。。。。

Posted by newbie2y > 2021-03-16 18:54 | Report Abuse

good sharing on the interview wellmore!

Posted by 121212 > 2021-03-16 19:58 | Report Abuse

Lordstown is major customer greatech. More than 50% profit of greatech is from Lordstown.

Posted by WellMore > 2021-03-16 22:48 | Report Abuse

Moneygame33

https://businessjournaldaily.com/lordstown-motors-ceo-assures-public-the-endurance-will-ride-in-september/?utm_source=Youngstown+Publishing+Company&utm_campaign=a5ef9c7680-EMAIL_CAMPAIGN_10_8_2020_10_2_COPY_01&utm_medium=email&utm_term=0_d70048470c-a5ef9c7680-384417727

采访简约可以看这个，应该可以用谷歌翻译

Posted by nakata > 2021-03-16 23:08 | Report Abuse

haha, Maybe this is biz gimmick that jointly performed by Lordstown and Hindenburg to make Lordstown well-known and being a focus

Posted by mamatede > 2021-03-16 23:25 | Report Abuse

haters gonna hate hahaha

Posted by Mabel > 2021-03-17 00:58 | Report Abuse

Good show Greatec

Posted by clouud1234 > 2021-03-17 01:13 | Report Abuse

I already in,,

Posted by GooShen > 2021-03-17 08:50 | Report Abuse

People like catch falling knife
Why ?
Money too much ?
Like loss making ?

Posted by jasoncw > 2021-03-17 08:52 | Report Abuse

GREATEC only serve lordstone 10% la wei

Posted by Bgt 9963 > 2021-03-17 08:55 |

Post removed.Why?