Maybank IB Research raises earnings estimates for Greatech, TP raised to RM1.55


KUALA LUMPUR: Maybank Investment Bank Research lifted its FY20/21 net profit estimates for Greatech Technology Bhd following a higher-than-expected order from an existing client.

The research house said the new RM203mil order exceeded its initial FY20E expectations that Greatech would deliver RM112mil of PLS and RM60mil of upgrading works.

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