Highlights
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Last Price Today's Change   Day's Range   Trading Volume
4.56   +0.28 (6.54%)  4.21 - 4.64  3,711,100
3,672 comment(s). Last comment by BASforce at Jul 4, 2020 5:30 PM
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0123883772
22 posts

Posted by 0123883772 > Jul 2, 2020 5:06 PM | Report Abuse

High today was RM4.30. Hope it carries on in similar manner tomorrow. Good luck to all.


brendonyeap
1550 posts

Posted by brendonyeap > Jul 2, 2020 6:16 PM | Report Abuse

Greatech stilll cheap as CEO said the outstanding contract rm 217 mil over two quarters.. Huat ahh


CoolJay
148 posts

Posted by CoolJay > Jul 2, 2020 10:22 PM | Report Abuse

If drop will top up!!! :DDD


0123883772
22 posts

Posted by 0123883772 > Jul 3, 2020 8:54 AM | Report Abuse

Hitting RM4.50 today is not impossible. Nice to see it hitting RM5 end of July with the propects of it elevated to the Main Board. Good luck to all.


0123883772
22 posts

Posted by 0123883772 > Jul 3, 2020 10:25 AM | Report Abuse

Cool. 4.43 now.


investortrader88
1779 posts

Posted by investortrader88 > Jul 3, 2020 10:51 AM | Report Abuse

huat ahhhhhhhhhhhhhh. !


richard kh wong
267 posts

Posted by richard kh wong > Jul 3, 2020 12:39 PM | Report Abuse

This morning hit new high RM4.50


CoolJay
148 posts

Posted by CoolJay > Jul 3, 2020 1:45 PM | Report Abuse

hit 4.50 lol


Bullacent
33 posts

Posted by Bullacent > Jul 3, 2020 2:06 PM | Report Abuse

Congratulate to all holder.hehe. today until next weeeeeeek


Bullacent
33 posts

Posted by Bullacent > Jul 3, 2020 2:06 PM | Report Abuse

Good day until next week heheh


CoolJay
148 posts

Posted by CoolJay > Jul 3, 2020 2:46 PM | Report Abuse

4.5 resistance


CoolJay
148 posts

Posted by CoolJay > Jul 3, 2020 3:08 PM | Report Abuse

4.5 resistance break dy


Jeju88
150 posts

Posted by Jeju88 > Jul 3, 2020 3:30 PM | Report Abuse

OMG! What is next?


0123883772
22 posts

Posted by 0123883772 > Jul 3, 2020 3:43 PM | Report Abuse

All sudah kaya 4.58


brendonyeap
1550 posts

Posted by brendonyeap > Jul 3, 2020 4:35 PM | Report Abuse

Buy as much as possible, RM 5.00 is the TP


xuxu
1754 posts

Posted by xuxu > Jul 3, 2020 4:58 PM | Report Abuse

everyday new high hehe !


Jeju88
150 posts

Posted by Jeju88 > Jul 3, 2020 4:59 PM | Report Abuse

Another Vitrox in the making.


richard kh wong
267 posts

Posted by richard kh wong > Jul 3, 2020 5:07 PM | Report Abuse

Today hit new high 4.64.............


TanCL88
3 posts

Posted by TanCL88 > Jul 3, 2020 7:32 PM | Report Abuse

This stock, when rm2.0, investment master ask to sell. When Rm3.0, master said is overvalue. When RM4.0, this is the bubble.

But the price is heading to rm5.0 soon. Lol


Aquarius67
2 posts

Posted by Aquarius67 > Jul 3, 2020 9:09 PM | Report Abuse

TIATE COVERAGE
Greatech Technology (GREATEC MK)
Direct Proxy To Growth With Unique Positioning For Fourth Industrial Revolution
Greatech offers an unique proposition beyond the typical ATE, which also automates processes in production lines. Its strategic exposure in the solar, medical and automotive industries offers better dynamics to weather cyclicality vs peers. Besides the new facility in Bayan Lepas, the group has also started construction of its Batu Kawan plant and new offices in the US, with completion targeted in 2021, to support growth beyond. Initiate coverage with BUY and target price of RM4.80.
 Still ample growth with strong orderbook visibility until 2021. First Solar (FS), the biggest revenue contributor to Greatech Technology (Greatech), is still transitioning its high-performance, eco-efficient Series 6 photovoltaic (PV) modules from the Series 4 PV modules. FS reiterated in its May 20 briefing that the ongoing Series 6 capacity ramp-up remains unchanged with capex of US$450m-550m in 2020. This is supported by an intact 12.3GW contracted backlogs and a 7.5GW in mid-to-late stage opportunity pipeline. As the largest automated equipment supplier for FS, we believe Greatech could continue to ride on FS’ growth, as evidenced by its strong ytd orderbook of RM215m.
 Portfolio diversification with exposure to strategic sectors to smoothen cyclicality. The group has made efforts to venture into other sectors beyond the solar industry which has been its bread-and-butter business. Note that its R&D activities for the assembly of battery modules and packs for automotive applications are translating into orders now. Meanwhile, under the medical segment, new R&D projects involving automation solutions for diabetes and inhaler related products, will contribute to revenue from 2020. This portfolio exposure, which offers the blend of high growth (robust demand for solar energy) and resiliency (EV battery and medical), provides the group flexibility in adjusting to cyclicality.
 Capacity relocation and expansion to support strong earnings growth. Besides the new operational facility - Plot 287A (built-up 75,000sf) - which will be used to cater to new customers in different sectors, Greatech has started construction of its Batu Kawan plant with completion targeted in Feb 21. The group will move from its rented premises to the 130,000sf plant which is at close proximity to the group’s head office in Bayan Lepas. The group is also setting up offices in the US and Europe to provide engineering sales and service support to customers; with expenses at <RM10m but providing huge door-opening potential. The new business from the EV battery and medical segments, with potential revenue of >RM50m in 2020, is a testament to it.
 Initiate coverage with BUY and target price of RM4.80, based on 30.0x 2021F PE, which implies a PEG ratio of 0.7x. Note that the ascribed PE is also at 10% discount from the industry forward PE. Its unique value proposition as opposed to peers has made it a scarce ATE player in the technology space. Resilient earnings base, superior growth outlook and its new business venture will support a 3-year (2018-21) net profit CAGR of 46%. The stock is currently trading close to +1SD above its the industry’s 5-year mean PE of 24.0x, but we believe its above-sector growth alongside strategic portfolio proposition would justify a higher valuation, not to mention the valuation re-rating from a potential transfer to the Bursa Main Market in 4Q20.
Thursday, 2 July 2020
BUY
Share Price
Target Price
Upside 24.0%
COMPANY DESCRIPTION
Greatech Technology manufactures automated equipment. Its products range from single automated equipment to a production line system which comprises multiple automated equipment.
STOCK DATA
GICS sector
Bloomberg ticker
Shares issued (m)
Market cap (RMm)
Market cap (US$m)
3-mth avg daily t'over (US$m)
KEY FINANCIALS
Year to 31 Dec (RMm)
Net Turnover
EBITDA
Operating Profit
Net Profit (Reported/Actual) Net Profit (Adjusted)
EPS (sen)
PE (x)
P/B (x)
EV/EBITDA (x)
Dividend Yield (%)
Net Margin (%)
Net Debt/(Cash) to Equity (%) Interest Cover (x)
ROE (%)
Consensus Net Profit UOBKH/Consensus (x)
Source: Greatech, Bloomberg, UOB Kay Hian
2020F 2021F
255.0 330.0
91.8 119.9 141.8 84.7 110.8 132.7
4.0 0 3.0 0 2.0 0 1.0 0
0.0 0
30
20 Volume(m)
10
0
Jul 19 Sep 19
Source: Bloomberg
ANALYST

Desmond Chong

+60321471980
desmondchong@uobkayhian.com


CoolJay
148 posts

Posted by CoolJay > Jul 4, 2020 12:36 PM | Report Abuse

Monday retracement abit. Will top up more :)


BASforce
13 posts

Posted by BASforce > Jul 4, 2020 5:30 PM | Report Abuse

Me too will top up

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