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Can I know lordstown is a customer to greatec? Btw, I don't hold and study on greatec stock, just curious how you all can know as I just read the latest qr can't find out any clues.. Thanks in advance
"Based on the outstanding orderbook that Greatech revealed in its 2QFY20 results of RM295m, we estimate the contract value for this assembly line (from Lordstown) to be approximately RM100m." From PBbank research report.
You make the call whether to weather through the storm or jump ship.
Greatec is in factory automation business, lordstown fake orders or not doesn’t matter. If lordstown didn’t cancel greatec contract and work still goes on, then nothing to do with greatec
The thing is when panic selling, most retailer dont go and read and analysis if Greatec business will be affected. For those who trust in Greatec, why you worry ? Should buy more as this is big discount
Lordstown will be the next Nikola. GM is the main shareholder behind this company. Expect GM will cease their investing in this company. End up Lordstown will bankrupt. Greatech new plant will idle. Good luck.
Greatec plant will not be idle, still have 200m over order book need to meet. Just think, does the fundamentals of the company change? Revenue still CAGR 40% and still the biggest factory automation company in Malaysia.
