Posted by Mabel > 2019-06-20 22:14 | Report Abuse

@rr88 Mabel market makes you feel smart today. It can make you stupid as well in a blink of an eye just like what happened to iwcity today.

So be modest. Listen to this old hand. I hv walked thru the doom n bloom of this market.

Its a hot stock. You people speculators will decide how long for it to remain hot. Once its over, fundamental will take over.

I would never invest long term with anything to do with solar energy. Prospect is negative.

Sure rr88,

Just bear with me, this solar energy is only one aspect of Greatec business model.

It has potential upside through faster automation by existing clients, in light of rising
labour costs. Penetration of EV-battery segment via recently-acquired client, Panasonic and R&D breakthroughs, resulting in new automation products for clients.

With 5G coming this automation part will rocket to the roof and will compensate the solar energy when required.

Potential transfer to Main Market?

Based on its recent 1Q19 earnings, prima facie, it is likely to be able to meet the requirements for a transfer to the Main Market. In order to qualify for transfer, GTT must have uninterrupted profits for 3-5 full financial years based on audited financial statements. It must have aggregate after-tax profits of at least MYR20m and an after-tax profit of at least MYR6m for its most recent financial year. GTT delivered after-tax profits of MYR26m in FY17 and MYR37m in FY18. In 1Q19, its after-tax profit was MYR12.5m. GTT’s transfer to the Main Market, if it meets the profit qualification for the entire FY19, could happen in early-2020, after its FY19 accounts are audited, we estimate. The transfer can happen even earlier as GTT was also profitable in FY16, with after-tax profit of MYR6m.

Against local players, the most comparable custom automation equipment player with high customer concentration risk would be Pentamaster Corporation (PENT MK, Not-Rated); up to ~50-60% of Pentamaster’s revenue comes from a single Austrian-based sensor company which is mostly exposed to the smartphone segment. Trading at 16.3x CY19 P/E for 27% FY18-20 earnings CAGR based on consensus projection, Pentamaster is rated BUY with an average

Posted by Winningpost > 2019-06-20 22:22 | Report Abuse

My 5th round of winningpost ..
Tomorrow 1.15 price target

Posted by HantuKopi > 2019-06-20 22:40 | Report Abuse

Next time big shot need show is portfolio screenshot before anything else

Posted by apolloang > 2019-06-21 00:52 | Report Abuse

Blog: GREATEC = GREAT-TRAP OR GREATER FOOL TRAP? SEE ARTICLE BY DR NEOH ON GREATER FOOL, Calvin Tan comments

Jun 20, 2019 12:58 PM | Report Abuse

Veron also trapped in greatec?

Better sell greatec and switch all into masteel now

pastor know about stocks? pastor only know about blah blah blah

Posted by apolloang > 2019-06-21 01:18 | Report Abuse

Posted by TecStock > Jun 20, 2019 9:48 PM | Report Abuse

What a sordid Calvin! He don't even understand or differentiate between a sunrise industry and a sunset industry.
JCY's main core business is HDD ( Hard Disk Drive) which is outdated in technology, we talking big data, IoT, clouds. JCY biz is in sunsetting.. So is the stock price for JCY..
Greatec is definitely a SUNRISE INDUSTRY, industrial automation, solar system..

yeah I almost forgot pastor calvin call people to buy JCY....where is joetay who against him.this pastor dunno a thing about tech stocks just know how to blah blah blah

Posted by Mabel > 2019-06-21 08:06 | Report Abuse

@rr88 Superhuman talked cock ka? Power of hindsight always beautiful. Profit taking is small until it is not small.

I predict their revenue n profit will come down for the rest of this year bcause this one major customer (88% of revenue) already done with their new plants.

Their products are only for new plants. No new factories no money coming in.

-------


Not true rr88 dear.

Solar Power is just one of GT 3 Core Business.

Business
Manufacture of Automated equipment & provision of parts and services for

1. Solar sector
2. Semiconductor sectors
3. Consumer electronic sectors.

From its prospectus, GTT reported revenue/headline net profits of MYR74m/22m in 5M18. 1Q19 revenue/headline net profits made up 79%/58% of 5M18 numbers. Simply annualising 1Q19 top and bottom lines, GTT could report YoY growth in FY19. 1Q19 revenue/core net profit of MYR59m/14m formed 27%/37% of FY18 results. 1Q19 headline net profit included one-off IPO expenses amounting to MYR1m.

Mirroring First Solar’s Series 6 transition at its two Vietnam factories, GTT’s 1Q19 earnings were likely driven by deliveries of PLS. This momentum will likely spill over to 2Q19, given an order backlog of MYR91m as of mid-Apr 2019. This was broken down to MYR85m for PLS and MYR6m for SAE. Adding this to 1Q19 turnover of MYR59m, GTT should easily report revenue exceeding MYR150m in the coming two quarters. This would translate to 68% of its FY18 revenue.


FY19-20E revenue visibility

For FY19E, we expect revenue to improve 4% YoY. This would be aided by:

(i) tail-end recognition of automation for two of First Solar’s Vietnam Series 6 factory conversions; and
(ii) PLS deliveries to First Solar’s Factory 2 at Ohio, US, for its Series 6 1200MW conversion. Ohio’s Factory 1 was converted to Series 6 in Apr 2018. FY19 will also be the year when GTT starts to recognise revenue from warranties provided for equipment delivered in FY17. As a practice, it allocates 7% of its revenue as warranties for equipment sold. If no warranty claims are
incurred within two years of delivery, GTT will recognise its warranties as a writeback at the COGS level. These writeback will lift profit margins for GTT. A total of MYR22.8m of warranty expenses were provided at end-FY18 (56% of GTT’s profit base in FY21); we have conservatively assumed a claim rate of 70%.

Sales surges in FY18/19 should also lift profit margins in FY20/21, if none or little warranty claims is made by its customers.


Summing up

Financial Ratio
Trade receivable: 65days (Ave over 4yrs)
Trade Payable: 62days (Ave over 4 yrs)

Past Financial Performance (Revenue, EPS)
2018: RM219.582 mil (eps: 0.0627)
2017: RM93.914 mil (eps: 0.0376)
2016: RM22.703 mil (eps: 0.0115)
2015: RM21.393 mil (eps: 0.0111)

Net Profit Margin
2018: 14.45%
2017: 20.29%
2016: 25.59%
2015: 26.17%


Against peers with solar PV automation exposure At 12.7x P/E now, GTT is trading at a ~20% discount to regional peers with sizeable solar energy exposure; their average P/E is 16.1x. GTT’s closest listed peers are abroad

GTT is currently enjoying better margins due to its cost base which is in MYR. Coupled with cheaper labour cost, an asset light business model and tax exempt status, GTT is able to offer cost-effective solutions without sacrificing its margins, as illustrated by its high ROEs.

Pioneer status
GTT was granted pioneer status which exempted it totally from Malaysian corporate taxes for five years beginning 29 Mar 2013. This status expired on 28 Mar 2018. In Nov 2018, it was granted an extension of the status for another five years, from 29 Mar 2018 to 28 Mar 2023.

Happy Trading everyone and have a great day!

Posted by Mabel > 2019-06-21 08:35 | Report Abuse

Let's go for it !

Posted by 10154565687688311 > 2019-06-21 08:56 | Report Abuse

I think today by up much higher

Posted by kk7198 > 2019-06-21 08:57 | Report Abuse

Greatec might open high.

Posted by bojed > 2019-06-21 08:59 | Report Abuse

One minute to launch.

All the best to all holders!

Posted by bojed > 2019-06-21 09:00 | Report Abuse

1.04.

Posted by bojed > 2019-06-21 09:00 | Report Abuse

Gap down lol.

Posted by bojed > 2019-06-21 09:04 | Report Abuse

1.07.

Posted by bojed > 2019-06-21 09:07 | Report Abuse

1.08.

Posted by NAZRIN93 > 2019-06-21 09:08 | Report Abuse

How to monitor while i go sleep aha

Posted by bojed > 2019-06-21 09:10 | Report Abuse

pang72: yeah that's true.

If anything I learned about Greatech for the past 7 days: the real story only happens from 4pm onwards lol!

Posted by bojed > 2019-06-21 09:14 | Report Abuse

Yesterday I bought TM at 4.09 and decided to cut loss at 4.06 because the movement felt weird.

Dumped everything back again in Greatech and so far it's looking like the correct decision to do so.

Posted by Mabel > 2019-06-21 09:15 | Report Abuse

It's looking good guys and gals!

Happy trading!

Posted by bojed > 2019-06-21 09:17 | Report Abuse

Lol so many queue to sell.

Posted by aaron1717 > 2019-06-21 09:17 | Report Abuse

time for massyukkkk before next rebounds during evening time

Posted by aaron1717 > 2019-06-21 09:19 | Report Abuse

ada jual baru ada beli ma....

Posted by bojed > 2019-06-21 09:30 | Report Abuse

Crazy strong support at 1.06.

I might be wrong but I think this is the operator's work.

Posted by milo > 2019-06-21 09:30 | Report Abuse

Rm1. 15 I see. I am going to join back. Q at 1.05

Posted by bojed > 2019-06-21 09:39 | Report Abuse

Whatever happens in the morning, it isn't that important unless it's a limit up.

With Greatech, 4pm-5pm is the key period.

Posted by aaron1717 > 2019-06-21 09:42 | Report Abuse

steady je.... if nt happen today... it will happen on monday... learnt this thru the hard way... lol

Posted by Richard KH Wong > 2019-06-21 09:45 | Report Abuse

pang72 WHY everyday up 10 cents, not 20 cents? :)

Posted by aaron1717 > 2019-06-21 09:48 | Report Abuse

iwcity flying... greatech should be quite stagnant today... hahahah

Posted by 430204813832245 > 2019-06-21 09:51 | Report Abuse

Thank you profit take lu...88

Posted by 430204813832245 > 2019-06-21 09:51 | Report Abuse

Good luck

Posted by HantuKopi > 2019-06-21 09:55 | Report Abuse

Eh drop liow why sifu no come said its analysis said told you don't buy la

Posted by upshare > 2019-06-21 10:11 | Report Abuse

This is normal... morning drop.. afternoon up 10 cent... volumn around 100 million

Posted by aaron1717 > 2019-06-21 10:17 | Report Abuse

now holding quite welll.... ada chansi for pm session

Posted by aaron1717 > 2019-06-21 10:19 | Report Abuse

naik naik~!

Posted by bullstudent > 2019-06-21 10:29 | Report Abuse

if 1.10 breaks, we up up up

Posted by kelvin > 2019-06-21 10:31 | Report Abuse

where the sohem calvintard that shout trap trap trap ?

he continue nursing pain in destini, t7, binapuri and bjcorp

Posted by apolloang > 2019-06-21 11:11 | Report Abuse

I wanna smell my money 1st before making the next move.....hehe

Posted by 10154565687688311 > 2019-06-21 11:16 | Report Abuse

Still got room to up, why so fast cabuk?

Posted by bojed > 2019-06-21 11:25 | Report Abuse

People come people go.

Posted by bojed > 2019-06-21 11:26 | Report Abuse

Or maybe he knows something we don't lol!

Posted by kk7198 > 2019-06-21 11:35 | Report Abuse

Ah Pang has gone to Hpmt?

Posted by thinkfirst > 2019-06-21 11:38 | Report Abuse

look like not good

Posted by Mabel > 2019-06-21 11:45 | Report Abuse

@pang72

I unload my holding look for better place...

I will come back later!!

-------------

It's OK, if Pang wants to leave. Let him move on. We have to accept and respect his decision.

Remember, it all about teamwork. Alone one can't do much, together we can do so much..

All the best pang and thanks for being a great supporter to Greatec.

Of course, you are always welcome to come back..you have lots of supporters here too:)

Cheers!

Posted by moneypedia > 2019-06-21 11:51 | Report Abuse

waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa gogogogtogogogogogogo

Posted by moneypedia > 2019-06-21 11:52 | Report Abuse

ting ak ke ting tang ting tak ke ting tang ting

Posted by apolloang > 2019-06-21 11:54 | Report Abuse

when 80cts? hahaha

Posted by thinkfirst > 2019-06-21 11:56 | Report Abuse

I think today will closed below 1.00, Middel East tension also must count. will keep eye on this stock.

Posted by moneypedia > 2019-06-21 11:56 | Report Abuse

waaaaaa 80 sen hanbislaaaaaaaaaa habislaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa kempunan apoloo layer cake perisa pandan waaaaaa

Posted by moneypedia > 2019-06-21 11:56 | Report Abuse

gogogoogo green energy

Posted by thinkfirst > 2019-06-21 11:57 | Report Abuse

https://www.investing.com/news/stock-market-news/asian-stocks-fail-to-catch-wall-streets-fed-cheer-as-trade-angst-dominates-1903753

Posted by bojed > 2019-06-21 11:58 | Report Abuse

:D