Posted by topsidecon123 > 2021-02-18 18:15 | Report Abuse

Prepare for take off

Posted by TM34535 > 2021-02-18 18:24 | Report Abuse

Tomorrow kaching!!!! LOL

Posted by TM34535 > 2021-02-18 18:25 | Report Abuse

Revenue not as expected, but at least net profit increased. Go go go greatec

Posted by Penguin88 > 2021-02-18 18:40 | Report Abuse

Pls open your eye big big..There are 3 reversal amounting to RM5.2m in this quarter. Take off this RM5.2m the actual core net profit is only RM23.4m, which is flat qoq growth. Not to mention the non recurring revenue from new customer in EV. If we know the amount, the PAT will even lower than RM23.4m.

If we look forward, even if I take the whole order book amount RM351.2m (report says its till 1st half of 2022) as 2021 revenue and aggressively apply highest historical PAT margin of 37.5%, the estimated 2021 PAT is RM131.7m. Forward PE is hence 57.6, which is significantly overvalued. How you get forward PE 30? Dont mislead ppl la woi...

Posted by Longterminvestorr > 2021-02-18 19:01 | Report Abuse

Agree with penguin, share reflect future price normally 9 mths to 1 year faster.. With future demand of EV i think there r room to grow.. 2028 expected 45% of total car in the world would be EV car

Posted by TM34535 > 2021-02-18 19:04 | Report Abuse

But significant increased then last year maa

Posted by TM34535 > 2021-02-18 19:06 | Report Abuse

During worldwide is in panic coz of covid 19 also can make profit, not good aaa??? LOL

Posted by Penguin88 > 2021-02-18 19:40 | Report Abuse

TM34535- Greatech is definately good. Problem now is Market Expectation vs Actual Results. To me, market alrdy too overly value this counter. I will only buy when the price become more attractive.

Nonetheless, market is always right. Let's see tomorrow on how market to react on this.

Posted by TM34535 > 2021-02-18 19:59 | Report Abuse

In that case i totally agree with u Penguin88. But as u can see, Malaysian market is always overvalue beyond expectation, as this week we can see dnex n dataprp. Not to say that greatec also is overvalue coz of goreng activity. If the FA is good, why not we invest some n ride with the company. Trust the process. :)

Posted by Longterminvestorr > 2021-02-18 20:11 | Report Abuse

Share is about future and always move ahead economy if u alwiz calculate current, most growth company are overvalued like tesla, apple etc.. And their profit growth not even near greatec

Posted by rocky_88 > 2021-02-18 20:12 | Report Abuse

still considering PE ratio.. see tesla brada..

Posted by Flying Fox > 2021-02-18 20:14 | Report Abuse

Everyone is expert and stock god as long as music is still being played. Will see who remain standing when music stop

Posted by TM34535 > 2021-02-18 20:31 | Report Abuse

Haha, thats right Flying Fox. Just take a glance at kpower today.

Posted by me073194 > 2021-02-18 20:31 | Report Abuse

Tomorrow limit down.profit taking

Posted by Penguin88 > 2021-02-18 21:09 | Report Abuse

TM34535- Maybe you are right. Market now is flooded with liquidity that is why a lot of stocks overvalued. But if just based on 'FA is good' and we can enjoy the ride regardless of the valuation, then why market will go through correction?

Go Lucky Happy- I dont really study on Genetech so cant comment. But I think investors are expecting the coming results will be good gua. If results below expectation it will still come down.

Longterminvestorr- I agree with you share is about future that is why I tried calculated the forward PE as per previous comment. That is 1 year forward PE. If you want you can also compute the PEG as well, which is PE/Growth, 83.23/45= 1.85. PEG more than 1 means overvalued.

Apple PE is only 36 if not mistaken. For Tesla, I think it's due to 名人效应. In Malaysia we dont have such level ppl.

I am not to create unfriendly environment ya just to express my opinion.

Posted by rocky_88 > 2021-02-18 21:35 | Report Abuse

creating negativity to buy at lower price.. hehe...

Posted by TheTruthHurt > 2021-02-18 22:46 | Report Abuse

Tomorrow limit down? Bet your life on it?
So many kukuciao missed boat try to bet against this excellent counter. Try genting.

Posted by TM34535 > 2021-02-18 23:25 | Report Abuse

Penguin88 thnx for ur opinion, appreciate it :)

Posted by CoolJay > 2021-02-19 00:21 | Report Abuse

tomorrow market will be red... because nasdaq index down

Posted by apolloang > 2021-02-19 00:39 | Report Abuse

price up so much but profit up not so much…..not in tandem....overvalued just like uncle koon said

Posted by TM34535 > 2021-02-19 00:51 | Report Abuse

So whats the fair value for this stock? 5.50? 5.00? 4.00? 3.00? Cant wait to see that happen so that i can topup some more.:) :)

Posted by Go lucky Happy > 2021-02-19 08:36 | Report Abuse

Apolloang, if your mind concept is similar like Uncle Koon then you are not in the right counter. You should go to Healthcare counter like Supermax or Top Glove with their wonderful and super amazing quarter results.

Posted by Aquarius67 > 2021-02-19 08:47 | Report Abuse

Maybank Report Greatech Technology
Outlook remains favourable; U/G to BUY
Upgrade to BUY
MYR 6.06
MYR 6.75 (+11%) MYR 6.70
FY20 core earnings were in-line – at 102%/104% of our/street’s estimates.
We adjust our FY21-22E earnings by 1-2% and nudge up our TP to
MYR6.75 (+5sen), pegged to an unchanged 49x FY22E PER at +2.5SD. We
upgrade to BUY (from HOLD) as we are positive on Greatech sustaining its solid order book and there are growth catalysts from new orders/customers. Potential capital upside is now 11%.
Lifted by PLS orders
4Q20 core net profit was MYR30.3m (+20% QoQ, +65% YoY) – taking FY20
core earnings to MYR92.3m (+61% YoY). The strong YoY earnings in 4Q20
were attributed to higher revenue recognition of production line system
(PLS) orders from First Solar (FSLR US; Not Rated) and Lordstown Motors
(RIDE US; Not Rated; i.e. on engineering design works). Notably, the latter has also contributed to the Group’s favourable margin mix. Kenanga Investors Bhd. Earnings, however, were partly pulled back by decrease in revenue for single automated equipment orders and provision of parts and services. All in all, 4 Feb 21’s order book was a strong MYR351.2m and expected to last until 1H22. We understand that a bulk of the order book was contributed by Lordstown Motors (about 68% or MYR239m), followed by FSLR

Posted by Bgt 9963 > 2021-02-19 08:55 |

Post removed.Why?

Posted by Aquarius67 > 2021-02-19 08:55 | Report Abuse

New plant to support larger order book
We look forward to more earnings growth prospects, namely PLS orders from its existing and new customers (i.e. solar and EV). Furthermore, we expect the potentially larger orderbook in near future will be supported by additional production capacity at its upcoming, second plant at Batu Kawan, Penang. It is expected to be ready by 2H21 with estimated capex of MYR77m.

Posted by GooShen > 2021-02-19 08:56 |

Post removed.Why?

Posted by GooShen > 2021-02-19 09:02 | Report Abuse

Big big trap weiiiii

Posted by denniszzbl > 2021-02-19 09:05 | Report Abuse

instant shoot up price! good job!

Posted by rocky_88 > 2021-02-19 09:26 | Report Abuse

yahoooo

Posted by pdchs > 2021-02-19 09:27 | Report Abuse

sell on news..

Posted by IMwhatIM > 2021-02-19 09:35 | Report Abuse

Not many sellers for the first 30 mins of trade which is good. Maybe there are bigger things in the pipeline?

" sell on news" may not be a good move if you cannot see or imagine what is coming next.

Posted by GooShen > 2021-02-19 09:38 | Report Abuse

Many got trap weiiii
6.41 drop to 6.26

I wonder why got noob chase high today

Posted by GooShen > 2021-02-19 10:02 | Report Abuse

6.13 weiiiii
What’s the feeling of being trap high ?

Posted by TheTruthHurt > 2021-02-19 10:08 | Report Abuse

What is a trap GooShit?

Posted by IMwhatIM > 2021-02-19 10:18 | Report Abuse

You see. Now back to 6.28. There is a good chance it will close higher than 6.40 today.

Posted by denniszzbl > 2021-02-19 11:31 | Report Abuse

this counter will hit higher than RM7.5 - 8 in medium to long term, given that potential future revenue of RM350m will last until 2H2022.

Posted by rocky_88 > 2021-02-19 18:20 | Report Abuse

relax

Posted by newbie2y > 2021-02-19 19:57 | Report Abuse

wait for altis motors to place orders with Greatec..

Posted by gemfinder > 2021-02-19 22:29 | Report Abuse

Public bank upgrade tp to 6.80

Posted by Mabel > 2021-02-20 00:02 | Report Abuse

After making fantastic gain at DNEX over the last two days, Mabel top up Inari (today) and Greatec yesterday..

Malaysia Technology - Seeing new highs - Maintain POSITIVE on sector

POSITIVE rating on the sector as we remain upbeat on the global semiconductor supply chain’s upcycle. This should lead to strong earnings growth for selected Malaysian technology hardware companies in 2021-2022 and support the sector’s re-rating to richer valuations. Elsewhere, valuations are also supported by healthy balance sheets and strong domestic liquidity. However, the sector could face ‘overvaluation’ risks particularly if forward earnings growths start to taper or disappoint. Mabel Techs BUY picks this week are Inari, Greatec and DNEX..

Meow Meow Meow

Posted by SillyCow > 2021-02-20 00:35 | Report Abuse

@gemfinder can u share the source/link?

Posted by PureBULL ... > 2021-02-20 06:15 | Report Abuse

GREATEC, the # 1 ATE or the truly pandai Robotic co in msia.
After the selling on QR PAT news, GREATEC like UNISEM should bull again from its double bottom = i.e. 2nd GC on 1 hour macd.

GREATEC's 1st half journey was so good, the 2nd half has bigger money awaiting at 895 ++ FIB overshoot...

Posted by Bgt 9963 > 2021-02-20 09:07 |

Post removed.Why?

Posted by newbie2y > 2021-02-20 12:48 | Report Abuse

Sillycow, here:
https://klse.i3investor.com/servlets/ptres/58565.jsp

Posted by junkit > 2021-02-20 21:44 | Report Abuse

聊聊大马神股：
https://youtu.be/LbPZmJ7MpXM

Posted by IMwhatIM > 2021-02-20 22:14 | Report Abuse

Mr Tan Eng Kee, the founder of Greatec , is worth RM3.87 bil and is the 20th richest man in Malaysia. Congrats! I m sure Mr Tan will bring Greatec to greater heights.

Posted by Bgt 9963 > 2021-02-20 22:16 |

Post removed.Why?

Posted by gemfinder > 2021-02-20 23:14 |

Post removed.Why?

Posted by Penguin88 > 2021-02-21 15:05 | Report Abuse

Thanks gemfinder for the report.

However, we must use our judgement to read the report.

The TP is based on 2022, and now we are just in Feb 2021. Market price now is RM6.22, meaning about 10% upside from now till 2022.

Do you think upside is greater than downside or downside is greater than upside within this 22 months?

Those want to chase now must consider baik baik the risk and reward.

Posted by IMwhatIM > 2021-02-21 22:08 | Report Abuse

The local research houses may not be able to see beyond what the mgt disclosed to them.

Investors shld try to see beyond that. Perhaps making our own assessment as to how the mgt intends to develop and expand its business over the next 2-3 years. This would help us assess its TPs

This will help investors to feel if the company is growing in a big way in the future, bearing in mind that Greatec is a young company... a virgin company, i would put it.

I am very sure Mr Tan would not share all his plans for Greatec with the research houses now. It is too premature. But this info will help us to better assess its future share prices.

This is something to think about in your sleep tonight.