Latest news with #RM1.73
Yahoo
5 days ago
- Business
- Yahoo
Greatech Technology Berhad Recorded A 31% Miss On Revenue: Analysts Are Revisiting Their Models
Investors in Greatech Technology Berhad (KLSE:GREATEC) had a good week, as its shares rose 7.5% to close at RM1.73 following the release of its quarterly results. Revenues were RM175m, 31% shy of what the analysts were expecting, although statutory earnings of RM0.062 per share were roughly in line with what was forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, the current consensus from Greatech Technology Berhad's nine analysts is for revenues of RM795.9m in 2025. This would reflect a modest 2.6% increase on its revenue over the past 12 months. Statutory per share are forecast to be RM0.063, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of RM832.4m and earnings per share (EPS) of RM0.068 in 2025. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the minor downgrade to earnings per share expectations. Check out our latest analysis for Greatech Technology Berhad Despite the cuts to forecast earnings, there was no real change to the RM1.99 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Greatech Technology Berhad, with the most bullish analyst valuing it at RM2.57 and the most bearish at RM1.50 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Greatech Technology Berhad's revenue growth is expected to slow, with the forecast 3.5% annualised growth rate until the end of 2025 being well below the historical 25% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10.0% per year. Factoring in the forecast slowdown in growth, it seems obvious that Greatech Technology Berhad is also expected to grow slower than other industry participants. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Greatech Technology Berhad. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at RM1.99, with the latest estimates not enough to have an impact on their price targets. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Greatech Technology Berhad going out to 2027, and you can see them free on our platform here. You should always think about risks though. Case in point, we've spotted 2 warning signs for Greatech Technology Berhad you should be aware of, and 1 of them is concerning. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
5 days ago
- Business
- Yahoo
Greatech Technology Berhad Recorded A 31% Miss On Revenue: Analysts Are Revisiting Their Models
Investors in Greatech Technology Berhad (KLSE:GREATEC) had a good week, as its shares rose 7.5% to close at RM1.73 following the release of its quarterly results. Revenues were RM175m, 31% shy of what the analysts were expecting, although statutory earnings of RM0.062 per share were roughly in line with what was forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, the current consensus from Greatech Technology Berhad's nine analysts is for revenues of RM795.9m in 2025. This would reflect a modest 2.6% increase on its revenue over the past 12 months. Statutory per share are forecast to be RM0.063, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of RM832.4m and earnings per share (EPS) of RM0.068 in 2025. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the minor downgrade to earnings per share expectations. Check out our latest analysis for Greatech Technology Berhad Despite the cuts to forecast earnings, there was no real change to the RM1.99 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Greatech Technology Berhad, with the most bullish analyst valuing it at RM2.57 and the most bearish at RM1.50 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Greatech Technology Berhad's revenue growth is expected to slow, with the forecast 3.5% annualised growth rate until the end of 2025 being well below the historical 25% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10.0% per year. Factoring in the forecast slowdown in growth, it seems obvious that Greatech Technology Berhad is also expected to grow slower than other industry participants. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Greatech Technology Berhad. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at RM1.99, with the latest estimates not enough to have an impact on their price targets. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Greatech Technology Berhad going out to 2027, and you can see them free on our platform here. You should always think about risks though. Case in point, we've spotted 2 warning signs for Greatech Technology Berhad you should be aware of, and 1 of them is concerning. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Malaysian Reserve
22-05-2025
- Entertainment
- Malaysian Reserve
Eden Gallery bucks the contemporary art biz model
New York City's Eden Gallery is making money selling works by artists who have yet to discover a resale market by JAMES TARMY ON A recent weekday afternoon in New York, a cleaning woman in all black stood in the Fifth Avenue window of Eden Gallery dusting a very large bronze purse. Created by the artist Roman Feral and priced at US$400,000 (RM1.73 billion), the larger-than-life replica of a crocodile Hermes Birkin bag featured a cluster of monochrome butterflies emerging from its depths. Inside the gallery, other artworks had similar brand affiliations. There was a digital print by the artist Gal Yosef depicting Winnie the Pooh wearing a Louis Vuitton T-shirt and holding a honey pot filled with US$100 bills; a painting by the artist Angelo Accardi that features, among other figures, Disney's Aladdin standing next to a red Ferrari; and a Swarovski crystal- covered sculpture of a very large Balmain perfume bottle by the artist Metis Atash. The gallery features works that tend to incorporate symbols of pop culture (Star Wars, luxury brands, Disney) as well as very bright colours. Eden Gallery CEO Guy Martinovsky said the gallery is actually shifting focus away from brand-oriented imagery. 'I can show you artworks where there's no brands at all,' he said. 'Too often people just use brands for opportunism, and we're trying to move away from that more and more.' Regardless, much of the art on the wall seemed to be marching to the beat of a different drum than, say, mega gallery Hauser & Wirth. 'I always listen to collectors and not to what other galleries are doing, what museums are expecting, what the art world is expect- ing,' said Eden Gallery founder and sole owner Cathia Klimovsky. Unsurprisingly then, Eden Gallery is not a gallery in the same mould as many of its traditional counterparts, which typically mount single, month-long exhibitions that fill their entire space. Should a person want to buy a work, they have to wait until a show is over; historically, the only places where so-called 'cash and carry' occurs is at an art fair. Eden Gallery, in contrast, showcases a cacophony of work by a variety of artists. Pride of place at the Fifth Avenue location seemed to go to the star street artist Alec Monopoly, whose paintings, sculptures and prints — nearly all of which include the cartoon Monopoly man — have earned him a massive following. It's easy enough for people in the broader art world to sneer at this aesthetic, but it's harder to argue with its success, particularly as the art market continues to suffer. In 2024, the market slumped 12% by value to US$57.5 billion, an Art Basel and UBS Group AG market report found. Art deal- ers collectively sold 6% less by value year over year; and sales the year before that fell by 3%, accord- ing to the report. By contrast, the leaders of Eden Gallery said that it's thriving. Along with the Fifth Avenue gallery, which covers 20,000 sq ft across three floors, it has a four-storey, 25,000 sq ft gallery in SoHo and a 10,000 sq ft gallery on Madison Avenue. It also has outposts in Aspen, Miami, London, Dubai, Las Vegas and the Maldives, where a showroom sits inside of a Waldorf Astoria on Ithaafushi Island. Annual revenue has 'eight zeroes', said Martinovsky. 'In the last 10 years we grew by 25% a year on average,' he said, attributing the success to the company's business model. That model, simply put, is retail — the same as nearby luxury boutiques on Fifth Avenue. '[This] could be Christian Dior SE or Louis Vuitton, but it's Eden Gallery,' Martinovsky said. That sounds like bluster, but Martinovsky said that 50% of the gallery's revenue comes from people simply walking in off the street, something absolutely unheard of in the contemporary art world. 'Call it a store,' said Klimovsky. 'But the art market is following us.' Prices in the gallery generally range from US$2,000 for a print to about US$800,000 for a major sculpture. Most of Eden Gallery's revenue is derived from work priced between US$25,000 and US$250,000, Martinovsky said. A quarter of a million dollars is not much in the broader contemporary art market, where paintings regularly sell for millions of dollars at auction. But Eden Gallery's comparatively low price point explains and underscores how different it is from a standard gallery. That's because those Chelsea institutions do their best to cultivate their artists' reputations (and prices) through a standard playbook of commissioning books and scholarship, supporting museum shows, and, perhaps most important, propping up an artist's resale market. This is particularly true when it comes to very expensive artworks: If you buy a painting for US$1 million, you want some kind of assurance it will still be worth US$1 million when you decide to sell. With the exception of Alec Monopoly, Eden Gallery's artists, in contrast, don't have visible resale markets to speak of. Roman Feral, of the bronze Birkin, has never had a work sold at auction, for instance, according to the Artnet database. Neither has Atash, of the bejewelled Balmain bottle. Accardi, whose painting depicted Aladdin and the Ferrari, has seen his work come to auction three times; two of the three lots failed to sell. Once Eden Gallery sells a work, there is a very good chance its value has gone to zero, at least in the short term. Martinovsky brushed this aside, saying that Andy Warhol's secondary market didn't take off until he was in his 50s, and that many of Eden Gallery's artists are much younger. 'The classic journey was auction houses, museums, major private collections, top renowned art fairs,' he wrote in a follow-up email. 'Today, an artist can establish himself, become very successful, and have his retail price raised organically and consistently, just because of the balance between the offer and the demand.' Plus, he added, people sell art when they don't like it anymore — and Eden Gallery's clients really love what they buy. 'Many of our clients simply don't sell the art. They want to live with it.' — Bloomberg This article first appeared in The Malaysian Reserve weekly print edition
