mahsyarsaid

GREATEC - 34% Potential to ATH and beyond

Long
MYX:GREATEC   GREATECH TECHNOLOGY BERHAD
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7
Greatech is one of my favorite stock to pick when it comes to technology sectoral play. Great net cash driven company, solid fundamental and very good sustainable project.

Fundamentally:
P/E: 31.37
ROE: 28%
Heavy net cash, with solid balance sheet and good profitbility.

Their major customer is First Solar , a US listed company which constitute of more than 80% of Greatech's revenue. Therefore, the prospects of Greatec's business is highly dependent on the demand and the performance of the solar sector. Recent COVID-19 have impacting the demand based on the US condition during COVID-19, but the technology is there to support future and beyond given more awareness to green technology.

Looking at the US where it started to re-open back the businesses, i do think the undervalued state during COVID-19 will immediately turned the other side. Technically even reaching to ATH with potential return of 34% and beyond.

This is a very good company to invest for long term.

Comments

Hi sir. Any TP you're looking at?
Reply
@jackckl, Im going for long term for Greatech but immediate TP1 at this point of time is at RM3.2 @ 13% ROI in effort to close the gap. The next one is to the ATH at RM3.8.
+1 Reply
jackckl mahsyarsaid
@mahsyarsaid, Thanks for the great insight! Watched how the stock ipo-ed at 61sen and became one of my favorite counters other than UWC.
Reply
Agreed
Reply
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