gooshit is a double talk conman,whenever he is interest to buy certain stock , he goes and talks bad about that stock ,hoping other people to provide him better information for him to make his speculation
Greatech result is strong, but within expectation or you can consider it as slightly underperformed.
There is one off gain of RM11m so core net profit is only RM35.6m.
Comparing to IB targeted profit of RM168m (hence RM42m per quarter), Greatech result is only meeting 21% of targeted profit. (A good result should meet at least 25% of targeted profit each quarter).
Qoq share price increase 33%, but qoq results only increase 24%.
Simple Forward PE: RM7,550m/(RM35.6m x 4)= 53 (This is very high PE) PEG: Current PE/Forecasted Growth: 71.7/35.3= 2 (more than 1 means overvalued. Now its 2).
Share price increase 20% since Mar till result released. Do not discount the possibility of ppl knowing results already and buy and trade ahead before result release.
So, judge by yourself. Do not chase high and do not affect by those always call for buy. I strongly doubt those who so positive or ask ppl to buy will buy at this price.
Covid in India is horrible. Rich Indians already fled the country. The country is left with normal citizens. Wonder how this will affect First Solar projects there and how this will affect Greatech order book. Think about it.
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....
SmartTraveller
151 posts
Posted by SmartTraveller > 2021-04-16 12:01 | Report Abuse
Each time when GooShen commented in here, I bought more Greatech shares.
Meow