Maybank IB raises earnings outlook on Greatech

KUALA LUMPUR: Maybank Investment Bank Research has raised its earnings forecasts for Greatech Technology Bhd following the release of its 1H21 results, which came within expectations.

The research house, which has a "buy" call, increased FY22 and FY23 earnings forecasts by 19% and 18% respectively due to additional order assumptions from existing and new customers in view of sustained job wins as well as the upcoming Batu Kawan 2 facility in Penang, which will entail higher capacity.