limit up / down all depends on news now. it will slowly up / down. the pressure block selling gone when it rebounded from 0.4 retracement you go ask for limit down.... aiyo dont like that a lot people will think no more hope if can break 0.5
Strong support at MA20 which is 0.58 also is exit point, as long as it stay above 0.58 support line, don't be a panic sellers, remember it came down all the way from 2.57 to 0.38..
So far Ataims management did not use the cash holdings of 330 millions to buy back instead they choose to invest in the EMD. bussiness, which is good sign, just wait for positive news or announcedment..
It is inaccurate to state that ATA has 'already loss 80% revenue', because the contract will run until June 2022. ATA will lose 80% of revenue by June 2022 if they do not do anything with their factory capacity. Under such circumstances, companies will do invariably do something. For instance, VS has lost RM1B worth of revenue when Victory Innovations cancelled their contract.
The market is pricing in end-of-the-world situation for ATA due to negative publicity created by Andy Hall.
If potential revenue drop is the only proxy for share price, Air Asia will be worth only 0.16 because AA's actual revenue dropped by 90% compared to 2019.
And even if ATA's revenue were to drop to about RM850M per year, it is still double that of Greatech's annual revenue of RM400M+. If revenue is the only proxy, ATA's market cap ought to be double that of Greatech's market cap. However, ATA's market cap of RM789M is one-tenth that of Greatech's market cap of RM8,327M.
Aaron_tan Already loss 80% revenue, wtf need to use cash to rebuy shares lol 27/12/2021 6:45 PM
Almost all industries in Malaysia are currently dependent on foreign workers. While the issues such as migration costs, living conditions and working hours are common in all industries, Andy Hall will target only industries such as glove, palm oil, EMS and others that are dependent on exports. And any companies that do not 'engage' (aka pay off) Andy Hall be attacked with negative publicity, manufactured evidence and petitions to the CBP.
INDUSTRIES THAT ARE SUBJECT TO US CBP CONTROL
GLOVE Top Glove, Supermax, Smart Glove, Brightway Holdings - attacked by Andy Hall
PALM OIL Sime Darby Plantation - engaged Andy Hall's services
EMS ATA - attacked by Andy Hall V.S., SKP - engaged Andy Hall's services
TIRE Goodyear Tire & Rubber Co Malaysia - attacked by Andy Hall
INDUSTRIES THAT ARE NOT SUBJECT TO US CBP CONTROL
RETAIL 7-11, MyNews - never mentioned by Andy Hall
CONSTRUCTION MMC-Gamuda - never mentioned by Andy Hall
SECURITY GUARDS Many condo and building security guard services - never mentioned by Andy Hall
Going EV is a possibility but best to have named customers. Otherwise, will become another bubble like Greatech.
TanChinku Without Dyson no worries can also approach China Geely/proton to go EV and many more options 27/12/2021 10:11 PM
--- NOTES ON GREATECH ----
As at 27th Dec 2021, Greatech's market cap was at a dizzying level of RM8,327M and PE ratio that is close to 100.
Greatech's website at greatech-group.com listed it's product and services as - Solar, Electronic Devices, Semiconductor, Life Science, Energy Storage and Glass Substrate.
It's FY2020 annual reported that Customer A, Customer B and Customer C accounted for 95% of the year's revenue. (Between 2019 and 2020, contribution by Customer B dropped by almost RM104M but a new Customer C contributed RM158M in 2020, a period of global pandemic).
Receivables increased sharply to RM125.559M for the quarter ended 30 September 2021.
Taxes paid for the first 9 months of 2021 is only 0.8% of PBT.
It appears that Greatech derived it's revenue primarily from EV customers.
However, the customers have not been specifically named, with the exception of Atlis Motor Vehicles. Altis Motor Vehicles is just a start-up and the amount of money that it has managed to raised through crowdfunding was only about USD5M.
--->>> Without paying taxes, a company can report high profits just by shipping empty boxes.
--->>> While revenue has increased by 174% for the first nine months of 2021, trade receivables and contract liabilities increased by 237% to reach RM237.344M
--->>> Greatech's customers are dubious
--->>> Greatech's only customer that was named is Altis Motor Vehicles
--->>> By doing fund raising through Instagram and crowdfunding, Altis Motor Vehicles also appears to be a dubious company
--->>> Aturmaju Resourses also has questionable customers and financials and currently has a PE ratio of 2
--->>> At a PE of 2, Greatech's share price is worth only RM0.14/share (2019 PAT RM87.847 x 2 / 1252)
__________________________ 30/09/2021 ______ 30/12/2020 Trade and other receivables ___ 125.559M _______ 41.459M Contract liabilities ___________ 111.785M ________ 58.349M
KUALA LUMPUR (April 5): Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells.
“This new order confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions provider said in a statement.
The identity of the customer and the value of the purchase order were not disclosed.
As announced in February 2021, through our wholly owned subsidiary, Greatech Integration (USA) Inc. has successfully inked a partnership agreement with Atlis Motor Vehicles, Inc.
In early April 2021, the subsidiary successfully secured its first purchase order in USA from a new EV customer for equipment for the production of lithium-ion battery cell.
Atlis Motor Vehicles R&D products: Atlis Energy, XP Platform, XT Pickup
retracing = hangus uptrend = trap limit down = hopeless stock limit up = see profit take profit
aiyo so many times it fake retrace, let it betul betul retrace then ROUND 2 is coming round 1 0.4 - 0.7 good enough round 2 0.5 - 1 !!!!!!!! because its retrace + news should be out soon
hoot9e996 retracing = hangus uptrend = trap limit down = hopeless stock limit up = see profit take profit
aiyo so many times it fake retrace, let it betul betul retrace then ROUND 2 is coming round 1 0.4 - 0.7 good enough round 2 0.5 - 1 !!!!!!!! because its retrace + news should be out soon ------------------ buy lor, talk so much for what
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....
Lucifer999
599 posts
Posted by Lucifer999 > 2021-12-27 16:59 | Report Abuse
eh looks like it hits the target price i give this morning, 0.65-0.67 did you get it? LOL