Posted by Vaccineyes > 2022-01-31 17:18 | Report Abuse

Cantik website.Go go Genetec

Posted by Vaccineyes > 2022-01-31 17:19 | Report Abuse

Happy Chinese New Year to all.Tq for sticking with Genetec

Posted by Powerplay666 > 2022-01-31 17:22 | Report Abuse

Insane earnings potential for second half of this year. Anything under rm3 will be a thing of history very soon.

Posted by Gerald Liew Wei Han > 2022-01-31 21:29 | Report Abuse

Look at their orders, they are getting LG to visit their plants.

Posted by Gerald Liew Wei Han > 2022-01-31 21:32 | Report Abuse

What Elon Musk focus on Tesla? Efficiency. Why find Genetec if they are not good enough?

Posted by ▢ The Box Man > 2022-02-01 00:22 | Report Abuse

spike soon..

Posted by Vaccineyes > 2022-02-01 11:49 | Report Abuse

Potential Unlimited.RM4 at least for sure

Posted by Jerichomy > 2022-02-01 23:14 | Report Abuse

Tesla turun harga lar bro

Posted by Powerplay666 > 2022-02-02 10:28 | Report Abuse

Rm5 by end of the year.

Posted by geneteceyes > 2022-02-02 13:46 | Report Abuse

PETALING JAYA: Genetec Technology Bhd is expecting more order replenishment from its customers in the areas of electric vehicle (EV), energy storage and e-mobility solutions in the financial year 2023 (FY23).

These will be from its North America EV customers and some of its tier-1 automotive clients.

According to CGS-CIMB, which attended the group’s briefing, management said the group had secured some RM60mil worth of new orders and this had lifted its order book to RM198mil.

Of this amount, some RM50mil are related to the EV, energy storage and e-mobility segments, and the balance are attributed to the hard-disk-drive segment.

“We gathered most of the new orders for the EV and energy storage segments are related to the pilot line for its North America customer’s energy storage expansion plan in California,” the research house said.


Due to the group’s positive expectations for its order book moving forward, CGS-CIMB had raised its FY22-FY24 forecast earnings per share by 3%-8%.

“Following our earnings upgrade, we reiterate our ‘add’ rating on the stock with a higher RM4.30 target price, which is still based on a 40-time calendar year 2023 forecast price-to-earnings ratio (PER) or one standard deviation above the Malaysian automated test-equipment sectors mean PER of 30 times,” it said.

CGS-CIMB also expects Genetec to register more growth in Thailand, moving forward.

“We see exciting prospects for Genetec as it participates in Thailand’s EV ecosystem development with a potential partnership with Asia Precision Public Co Ltd (APCS).”

Join our Telegram channel to get our Evening Alerts and breaking news highlights
TAGS / KEYWORDS:
Genetec , Orders , E-Mobility Solutions , CGS-CIMB ,

TOPIC:
Manufacturing

Related News
Genetec’s Q3 net profit up 20-fold on salesBUSINESS 27 Jan 2022
Genetec’s Q3 net profit up 20-fold on sales

From: STAR 31/1/2022
https://www.thestar.com.my/business/business-news/2022/01/31/genetec-expects-more-order-replenishment

Posted by geneteceyes > 2022-02-02 13:46 | Report Abuse

Any further comments?

Posted by geneteceyes > 2022-02-02 13:49 | Report Abuse

Tesla's Fremont Factory is an automobile manufacturing plant in Fremont, California, operated by Tesla, Inc. Coincidence?

Posted by geneteceyes > 2022-02-02 15:47 | Report Abuse

hope today both Dow Jones and Nasdaq up today. Then Genetec will shoot up

Posted by geneteceyes > 2022-02-02 16:27 | Report Abuse

the word some is significant here. Genetec will definitely flourish soon

Posted by Zachzach > 2022-02-03 09:25 | Report Abuse

go beyond rm3 plzzz

Posted by Abba84 > 2022-02-03 12:41 | Report Abuse

Darling tech stock turns divorcee!
Why?

Posted by fadzli1980 > 2022-02-03 12:44 | Report Abuse

why genetec drop....thought going up today....

Posted by Yezzy99108 > 2022-02-04 10:49 | Report Abuse

Tech belum habis correction period. Better wait intrinsic value price RM2.50 P

Posted by Lightspeed > 2022-02-04 21:13 | Report Abuse

let's ride the road to Rm3.60

Posted by Lappier811 > 2022-02-04 23:10 | Report Abuse

Welll..seem like they start to deliver order to Mexico.

Posted by Vaccineyes > 2022-02-05 09:17 | Report Abuse

RM4 will come

Posted by Mini2021 > 2022-02-07 16:33 | Report Abuse

gogo go tesla.....im planning to use my whole epf money to buy one tesla car? you u guys agreed with this action?

Posted by Vaccineyes > 2022-02-07 20:46 | Report Abuse

The maintenance costs are an issue.if you can afford it, it will be a great ride

Posted by tt911638 > 2022-02-08 10:27 | Report Abuse

what is happening?

Posted by amateurJR > 2022-02-08 10:33 | Report Abuse

Haha dun buy tesla car, buy tesla share better

Posted by Newbie_123 > 2022-02-08 11:16 | Report Abuse

rm2.5 coming. patient will pay off

Posted by Arrogant83 > 2022-02-08 14:33 | Report Abuse

US 10 years T-Bond yield very close to 2%

all waiting thursday US CPI figure

Posted by Genetec RM4.80 > 2022-02-08 18:42 | Report Abuse

MITI Minister visits to GENETEC - A major manufacturing technology players for EV batteries https://klse.i3investor.com/blogs/genetec_rm400/2022-02-08-story-h1598370559-MITI_Minister_visits_to_GENETEC_A_major_manufacturing_technology_player.jsp

Posted by AJtheGreat > 2022-02-09 08:22 | Report Abuse

Wall Street rallies on tech boost, European shares end flat - https://uk.investing.com/news/economy/asian-stocks-euro-hold-steady-ahead-of-us-inflation-data-2580525

Posted by AJtheGreat > 2022-02-09 08:23 | Report Abuse

Tech counter will limit up today... Yehaaa

Posted by freddiehero > 2022-02-09 08:37 | Report Abuse

how come always limit up. ka?

Posted by AJtheGreat > 2022-02-09 14:45 | Report Abuse

Huge barrier at rm 2.90... Haiyaa

Posted by chickenriceseller > 2022-02-10 10:52 | Report Abuse

the new glove stocks. tech stocks. kaboom jatuh habis

Posted by Abba84 > 2022-02-10 17:49 | Report Abuse

Genetec again 2dy.ruined my day!sud have disposed it earlier .
The only portfolio begging when?

Posted by DickyMe > 2022-02-10 17:51 |

Post removed.Why?

Posted by ukoris > 2022-02-11 00:18 | Report Abuse

>Well, this is how some become instant millionaires.

How to tell everyone you don't know how bonus issues work without telling everyone you don't know.

Posted by shiby > 2022-02-11 10:15 | Report Abuse

hello everyone. sold just before ex.now observing to re enter. holding a lot of plantation stock now.

Posted by Thelastone > 2022-02-11 13:42 | Report Abuse

Once Tesla build 10-20 more gigafactories then millionaires will become billionaires!

Posted by NatsukoMishima > 2022-02-11 14:27 |

Post removed.Why?

Posted by wiser_dude > 2022-02-11 14:29 | Report Abuse

The sleeping giant still ... not to wake up fast!

Posted by wiser_dude > 2022-02-11 16:15 | Report Abuse

Need to shove this genetec into the closet for now , until next year.

Posted by NatsukoMishima > 2022-02-11 16:32 |

Post removed.Why?

Posted by Newbie_123 > 2022-02-11 18:39 | Report Abuse

tech will continue downside trend on US push to increase interest rate %

choppy water ahead .........

Posted by Cojack31 > 2022-02-14 09:20 | Report Abuse

Waiting rm 2.

Posted by krish52 > 2022-02-14 09:26 | Report Abuse

there is the tendency to drop further. if monitor you will get a deal on this stock.

Posted by Newbie_123 > 2022-02-14 15:29 | Report Abuse

Still waiting at 2.5

Posted by by2mie > 2022-02-14 16:25 | Report Abuse

Waiting at 1.90

Posted by mamatede > 2022-02-14 16:37 | Report Abuse

it really makes much more sense to push for EV now that oil is so expensive.

Posted by Cojack31 > 2022-02-14 18:25 | Report Abuse

Esok fly balik ..pray hard

Posted by Newbie_123 > 2022-02-14 18:28 | Report Abuse

Suddenly all the promising TP4.3 hope gone where leh? gone south now.
Huge EV future also can't beat mr. market