Analysts' target prices for Genetec Technology Berhad (GENETEC) vary slightly, but the consensus is around **RM3.60 to RM3.75**¹²³. This represents a significant potential increase from the current trading price.
Price-To-Earnings ratio (9.7x) is below the MY market (15.3x) Earnings are forecast to grow 21.95% per year Earnings grew by 5.2% over the past year Trading at good value compared to peers and industry
Good123 Analysis & the effort of your research is excellent. However the general market is not taking any notice of what you have posted since this morning. In actual fact it has come down by nearly 7%. Base on your analysis there should be an uptrend. Maybe they have taken into account the possible effect is the slow down of the EV market in the near future due to EU, US & Canadian ridiculous tariff rates that has bouncing around against China. Just have to wait & see or take the risk & probably make good profit if it goes the right way.
It is very misleading to quote past favourable analysis (Feb) considering what has happen within at least the last 2 weeks. Even some of the substantial shareholders have drop off.
Genetec Powers Ahead: CIMB's Top Pick for 2024 in the Green Energy Revolution! EV is the future$$$ CIMB has selected Genetec as one of its top picks for the year 2024.
Genetec Technology Bhd, positioned as a key beneficiary of the increasing adoption of green energy, is anticipated to maintain its electric vehicle (EV)-related order book at a minimum of RM200 million throughout FY24-26F, given the ongoing surge in EV adoption.
According to a report dated April 2023 by the International Energy Agency (“IEA”), electric car sales in 2022 broke record and the momentum is expected to continue through the calendar year of 2023. The automotive industry is undergoing a significant transformation with the rise of electric vehicles (“EV”), and it is becoming a major force in the global energy economy. National policies and incentives, along with rising concerns on climate change, are expected to further motivate prospective EV buyers. In addition, the Moody’s Report (June 2023) noted that the shift towards electric vehicles is gaining momentum. Car makers have expressed their commitment for fully electric line-up by 2030, and this shift to EVs supports the battery producers at the expense of internal combustion vehicles. With net zero emissions and carbon neutrality becoming the centre of attention, the importance of practising green and low-carbon operations and developing green products has become increasingly prominent. In pursuant to that, the Group adopted a forward-looking approach and is actively increasing its product portfolio through internal development and partnerships to capitalise on the secular growth trend in electrification and energy storage. The Group believes that there is enormous room for growth in the E-mobility and Energy Storage segments for the years to come. The E-mobility & Energy Storage segments are expected to continue to be a key driver for the Group’s growth in revenue. The Group will continue to deepen its strategic co-operation with existing key customers from the E-mobility and Energy Storage segments. As the world accelerates the renewable energy transition, the global and local opportunities as well as the growth rate for BESS market are attractive and gaining momentum. In tandem with this global shift, the development of BESS is the Group’s effort to capture opportunities in the renewable energy space $$$$
According to the International Energy Agency (December 2021), the global demand for BESS was 19.3 GWh in 2020 and is projected to reach 157.4 GWh by 2026. Through its in-house project BESS, the Group has the opportunity to leverage its existing capabilities to participate directly in the global goal of achieving net-zero carbon emissions by 2050. BESS, which is intended to address and solve challenges in power distribution, storage, scalability, and portability, is a solution which can bridge industries and companies to renewable energy integration within their business in a cost-effective manner. By embracing the transition to renewable energy, the Group aims to seize opportunities within the sector by developing and offering quality, high-tech products such as BESS. With ongoing business development engagements in both the global and local market for BESS, the Group continues to be optimistic about the progress & development of BESS and has gained strong traction in extending our technology into this new market segment. As a leading technology company and supplier of advanced manufacturing solutions, R&D has always been a core to our long-term strategy to maintain our global market share. As a Group, we are committed to strengthening our technological expertise in automation solutions, and our R&D team continues to offer innovative solutions to meet evolving customers’ needs. We remain true to this commitment and will continue to invest in R&D to enhance the Group’s technical capabilities and product quality, including exploring other opportunities and sectors such as BESS to increase strengthen our leadership position and enhance market share. Moving forward, the Group will further strengthen and expand its product portfolio in the renewable energy segment, including BESS, and capitalise on our pioneering position to gain market share. We remain committed to expanding our customer base, enhancing our technology, promoting and exporting BESS globally, as well as offering investment opportunities in the renewable energy revolution😎
Genetec Technology Bhd Company Profile Genetec Technology Berhad, an investment holding company, designs and manufactures smart automation systems, customized factory automation equipment and integrated systems in Malaysia, Asia, Europe, and North America. It offers assembly, material handling, and in-house machine center solutions; testing and inspection solutions; precision tooling jigs and fixtures; aluminium profiles; and machine parts and tools fabrication services for equipment and replications of systems and equipment. The company serves the e-mobility, energy storage, automotive, hard disk drive, consumer goods, and pharmaceutical industries. Genetec Technology Berhad was incorporated in 1997 and is headquartered in Bandar Baru Bangi, Malaysia.
See Less Industry Machinery, Tools, Heavy Vehicles, Trains & Ships Sector Industrials Employees 345 Market Malaysia Compare GTCY to Peers and Sector Value Quote Size Growth Profit Metrics to compare GTCY Peers Sector Relationship P/E Ratio 9.3x 32.1x 11.1x PEG Ratio −2.40 0.02 0.01 Price / Book 1.3x 1.7x 2.4x Price / LTM Sales 2.3x 3.5x 2.0x Upside (Analyst Target) 357.3% 33.5% 34.7%
SINGAPORE – Family offices are shifting their cash towards bonds, and public and private equity, with almost half expecting returns above 10 per cent over the next 12 months.
Public equity allocations were similar globally – between 26 per cent and 30 per cent. Allocations to private credit and real estate funds were also at comparable levels of around 2 per cent.
Bond allocations varied across the globe, with offices in the Asia-Pacific and Latin America giving it more emphasis, compared with the other regions.
The surge in the electric vehicle (EV) business (often referred to as "EV biz") can be attributed to several key factors:
1. Environmental Regulations: Governments globally are implementing stricter emissions regulations, with many planning to phase out gasoline-powered vehicles. These policies push automakers and consumers towards electric vehicles.
2. Technological Advancements: Continuous improvements in battery technology have led to longer driving ranges, faster charging times, and lower costs. As technology becomes more accessible, it accelerates EV adoption.
3. Consumer Preferences: Increasing awareness of climate change and environmental impact has led to a shift in consumer preferences. Many are now opting for more sustainable transportation solutions, which has spiked demand for EVs.
4. Government Incentives: Tax breaks, subsidies, and incentives for both manufacturers and consumers make EVs more affordable. These incentives are a significant driver of growth in the industry.
5. Infrastructure Development: Expansion of charging infrastructure, including fast chargers, makes EVs more convenient for long-distance travel, reducing range anxiety and encouraging more people to switch to EVs.
6. Cost Parity: With EV production scaling up, costs are dropping, making electric vehicles more price-competitive with traditional internal combustion engine (ICE) vehicles.
7. Major Investments by Automakers: Many major car manufacturers are heavily investing in EV production. As a result, a larger variety of EV models is entering the market, appealing to different segments of consumers.
These factors, combined, are likely to drive significant growth in the electric vehicle market in the coming years.
Genetec Technology, a company involved in precision engineering and automation solutions, stands to benefit significantly from the surge in the electric vehicle (EV) market for several reasons:
1. Increased Demand for Automation: The EV industry requires advanced automation in the production of electric vehicle components like batteries, powertrains, and electronic systems. Genetec’s expertise in automation solutions positions it well to supply manufacturers with the systems needed for efficient, large-scale EV production.
2. Battery Manufacturing Growth: One of the critical areas of EV production is battery manufacturing, where automation plays a significant role. Genetec provides technology and solutions to automate the production of batteries, an essential component in EVs. As the demand for EVs increases, so will the need for high-volume battery production, benefiting companies like Genetec.
3. Supply Chain Opportunities: EVs have more sophisticated electronics and require high-precision components. Genetec's capabilities in precision engineering make it a valuable supplier in the EV supply chain, especially for key components like battery management systems (BMS) and other critical parts.
4. Partnerships with Key Players: Genetec is likely to form partnerships with major EV manufacturers and battery producers, benefiting from long-term contracts and increasing its market share within the growing EV ecosystem.
5. Global EV Expansion: As more countries and automakers shift towards electric mobility, Genetec can expand its business globally, providing technology solutions across various markets, enhancing both its revenue and international presence.
6. Technological Innovation in Green Energy: With the global push towards sustainability, Genetec’s ability to innovate and develop solutions that align with green energy and clean technology trends will give it a competitive edge in securing new contracts and business opportunities in the EV market.
Overall, the growth of the EV industry provides Genetec with new opportunities to supply automation, precision engineering, and high-tech solutions, leading to potentially significant business expansion.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
EVO118
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Good123
Never seen so much postings from you in one day! You are OK, not on steroids.