GREATEC (0208)
Before read this, you may want to read our previous post on GREATEC Technical Chart Analysis published on 18 April 2021.
Here the link: https://klse.i3investor.com/blogs/bursatrade/2021-04-18-story-h1563392114-GREATEC_0208_Technical_Chart_Analysis.jsp
GREATECH TECHNOLOGY BERHAD
Quarter Result 2021Q1
- Revenue RM95.14mil (historical highest!!!)
- PAT RM 46.62mil (historical highest!!!)
♨️ PAT QoQ increased 46%, YoY increased 152%
♨️ Higher gross profit margin: 51.90%
Higher Profit because of:
✅ Increased revenue recognised from production line systems in the new
EV energy storage industry and the existing solar industry
✅ Increase in other income: Unrealised foreign exchange gain
NOTES:
- Higher gross profit margin because of reversal of unused provision for warranties of RM8.49 million
- Increase in administrative and marketing expenses of RM3.51 million
- Despite covid-19 pandemic, the group made a strong beginning in financial year 2021.
- Healthy demand for our automated equipment, encouraged by the new order in USA from electrified vehicle customer
- Order book: RM293.00 million, which is expected to last until first half of 2022.
- The Group remain optimistic about year 2021:
1️⃣ Prioritise the health and wellbeing of the employees
2️⃣ Recruit more skilled workers
We will share one of our private group's report to the public members during this weekend. LIMITED. Join our telegram channel to get it.
https://klse.i3investor.com/blogs/bursatrade/2021-04-23-story-h1564109886-GREATEC_0208_Strong_Fundamental_with_Superb_Quarter_Result_2021Q1.jsp
