Highlights
KLSE: GREATEC (0208)       GREATECH TECHNOLOGY BERHAD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
4.65   -0.15 (3.12%)  4.58 - 4.79  1,766,800
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Change in Board Member

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Ann. Date Date Type Designation Name View
29-Jun-2020 29-Jun-2020 RETIREMENT Independent Director MR OOI CHING HOCK View Detail
04-May-2020 08-May-2020 APPOINTMENT Independent Director DATO' SERI WONG SIEW HAI View Detail
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  2 people like this.
 
CoolJay If drop will top up!!! :DDD
02/07/2020 10:22 PM
0123883772 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.
03/07/2020 8:54 AM
0123883772 Cool. 4.43 now.
03/07/2020 10:25 AM
investortrader88 huat ahhhhhhhhhhhhhh. !
03/07/2020 10:51 AM
richard kh wong This morning hit new high RM4.50
03/07/2020 12:39 PM
CoolJay hit 4.50 lol
03/07/2020 1:45 PM
Bullacent Congratulate to all holder.hehe. today until next weeeeeeek
03/07/2020 2:06 PM
Bullacent Good day until next week heheh
03/07/2020 2:06 PM
CoolJay 4.5 resistance
03/07/2020 2:46 PM
CoolJay 4.5 resistance break dy
03/07/2020 3:08 PM
Jeju88 OMG! What is next?
03/07/2020 3:30 PM
0123883772 All sudah kaya 4.58
03/07/2020 3:43 PM
brendonyeap Buy as much as possible, RM 5.00 is the TP
03/07/2020 4:35 PM
xuxu everyday new high hehe !
03/07/2020 4:58 PM
Jeju88 Another Vitrox in the making.
03/07/2020 4:59 PM
richard kh wong Today hit new high 4.64.............
03/07/2020 5:07 PM
TanCL88 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
03/07/2020 7:32 PM
Aquarius67 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
03/07/2020 9:09 PM
CoolJay Monday retracement abit. Will top up more :)
04/07/2020 12:36 PM
BASforce Me too will top up
04/07/2020 5:30 PM
yuenkl Greatec is my baby. TP1- 4.35, TP2- 5.06, TP3- 6.20. @TanCL88, Only the smart investors will know Greatec is a potential stock. Those Sohai and sour grape investors will tend to talk nonsense.
05/07/2020 2:45 PM
brendonyeap Buy as much as possible, this week must touch RM 5.00
06/07/2020 8:38 AM
xuxu hehe everyday new high
06/07/2020 9:12 AM
investortrader88 huat ahhhhhhhhhh. !
06/07/2020 9:24 AM
CoolJay wohooo :3
06/07/2020 9:38 AM
MisterBursa Support 4.05 to 3.88. Resistance 4.8 to 5. Buy near support for safer entry and sell near resistance for optimum profit. Once support is broken better cut loss and when resistance is broken can look for next resistance. Search "Mister Bursa" on Telegram to follow live Bursa stocks ideas
06/07/2020 12:08 PM
Dakewlest Can go RM5.00? Bought again this morning....
06/07/2020 12:41 PM
0123883772 I believe the fair value is quite close to RM5.30. All the best to all.
06/07/2020 3:14 PM
CoolJay tomorrow will go to RM 5 :)
06/07/2020 3:34 PM
Dakewlest Share bonus is imminent. Right?
06/07/2020 4:37 PM
xuxu everyday up how to sell ? hehe
06/07/2020 5:07 PM
yorkyork Mini Tesla in the making, will they success?
06/07/2020 7:38 PM
yorkyork yorkyork Let me push higher gap up for u all. Saturday night space x Tesla using greatech solar panel to launch the dragon.
31/05/2020 12:05 PM
06/07/2020 7:39 PM
CoolJay I want to top up lerh but dunno when to go in :/
06/07/2020 9:45 PM
stock_investor Let me tell u. Greatech got new orders from tesla solar in buffalo, us. Haha
07/07/2020 8:19 AM
Jeju88 Dow Jones up 459 pts.
07/07/2020 8:33 AM
0123883772 It continues with upward trend.... everybody shld be happy.
07/07/2020 9:13 AM
Dakewlest Must hit RM5 first.
07/07/2020 1:31 PM
CoolJay sudah jual. thanks greatec :)
07/07/2020 1:35 PM
Jeju88 OMG! Vitrox rm10.34! For Greatech Rm5.00 coming, before closing today.
07/07/2020 2:26 PM
CoolJay Saw opportunity this morning went in again. :3
08/07/2020 9:29 PM
Fundamental123 ANOTHER NEW POTENTIAL SOLAR COMPANY- ADVANCECON !

Advancecon signs second MoU for solar energy venture

KUALA LUMPUR (June 30): Earthworks and civil engineering services provider Advancecon Holdings Bhd has signed a second memorandum of understanding (MoU) for its solar energy venture.

In a statement dated June 29, Advancecon said its wholly-owned subsidiary Advancecon Solar Sdn Bhd inked the MoU with Melaka-based automotive and industrial product distributor YHI Manufacturing (Malaysia) Sdn Bhd for the installation of solar photovoltaic system with a total generation capacity of 2,663.28 kWp under the Net Energy Metering (NEM) scheme.
09/07/2020 11:10 PM
Jeju88 Dow Jones up 369 pts on Friday, 10/7/2020. Good sign that KLCI may continue rally.
12/07/2020 4:56 PM
0123883772 Soon Greatec will be promoted to the Main Board of Bursa. Most fund managers put the fair value of a listed share as the prospective EPS ( in this case EPS for y/e 31Dec 2020) x PE ratio which is 49 ( per KLscreener). Assuming the earnings growth is 20% then EPS for 2020 is 9.62 cents x 1.20 = 11.54 cents x 49 = RM5.65, which is the fair value in the eyes of most fund managers. Normally the PE multiple for Main Board counter is higher than ACE Board. Vitrox is in the same sector but is on the Main Board and has PE multiple of 60. If we apply this PE of 60 then there is further upside. Wishing all a happy week of investing in Greatec.
12/07/2020 5:51 PM
BASforce yes, i'm holding @4.00 for marathon...
12/07/2020 8:21 PM
yorkyork Send to T already last week
12/07/2020 11:58 PM
CoolJay want to top up around 4.6..
13/07/2020 12:54 PM
0123883772 Vitrox is up 40 cents to RM10.30. Greatec likely to run up as well?
13/07/2020 3:30 PM
CoolJay uwc already up... when greatec... :(
13/07/2020 5:03 PM
Bullish JCY looks yummy
14/07/2020 1:13 PM


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