Higher 1Q Net Profit Props Greatech Shares Up In Early Trade

KUALA LUMPUR, May 28 (Bernama) -- Greatech Technology Bhd’s shares were higher in early trade after posting a significant jump in its net profit for the first quarter ended March 31, 2025 (1Q 2025).

The group recorded an over 15 per cent year-on-year increase in its net profit in 1Q 2025 to RM36.91 million from RM32.03 million in 1Q 2024, while revenue went up to RM175.38 million from RM151.86 million previously, it said in a filing with Bursa Malaysia yesterday.

At 9.44 am, Greatech rose seven sen to RM1.61, with 2.69 million shares changing hands.

Public Investment Bank Bhd, in a note today, said it maintained a “neutral” rating on Greatech with an unchanged target price of RM1.80, based on a revised 25 times financial year 2026 earnings per share.

It said that due to the ongoing uncertainty surrounding the United States (US) tariffs, Greatech anticipates an uptick in solar orders in the second half of 2025, driven by potential opportunities to develop its Series 6 products in the US.

As of May 2025, Greatech’s order book stood at RM755 million, slightly down from RM785 million in 4Q 2024, with the composition led by e-mobility (43 per cent), followed by solar (23 per cent) and life science (15 per cent).

-- BERNAMA