Shares & Derivatives
6 Highlights From Greatech’s Latest Quarterly Earnings and Recent Corporate Developments
By Value Invest Asia  •  May 26, 2021
It was not too long ago I did a deep dive into Greatech Technology Berhad (KLSE: GREATEC). The group had gained a lot of attention due to its exposure to renewable energy and electric vehicles. Fast forward to today, Greatech has announced a blowout set of earnings for its fiscal 2021’s first quarter (1Q2021). Its net profit surged by 152.3% year on year to RM46.6 million as customers’ demand for automated equipment remained strong despite the Covid-19 pandemic. Here are 6 other interesting facts about the group’s latest earnings and recent corporate developments that investors should know about. 1. Q1 revenue swelled to RM95.1 million For the quarter ended 31 March 2021, the group’s revenue swelled by 80.4% or RM42.4 million higher than that of the prior year corresponding quarter. The increase was mainly attributable to the higher revenue recognised for the production line systems (“PLS”) in the electric vehicle energy storage (“EV energy storage”) industry....
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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