GENETEC TECHNOLOGY BERHAD

KLSE (MYR): GENETEC (0104)

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Last Price

2.30

Today's Change

+0.06 (2.68%)

Day's Change

2.24 - 2.31

Trading Volume

310,700


15 people like this.

11,461 comment(s). Last comment by Genetec A baby step 3 days ago

Posted by Surewinbig > 1 month ago | Report Abuse

Company profit distribute to the management esos 0.11 but never declared dividends to the minority shareholders so the share price drop.

Posted by Surewinbig > 1 month ago | Report Abuse

This share look like rapid synergy. Non stop drop share price high high but all go to the management pocket. Not go to minority shareholders. Never get any dividends. Hold this share is very dangerous 0.11 esos many times already

autoven

235 posts

Posted by autoven > 1 month ago | Report Abuse

luckily no declare as FREE esos...SELL this cheating counter

sonyx123

632 posts

Posted by sonyx123 > 1 month ago | Report Abuse

lousy counter, and cimb keep putting high TP. crooks

Medusa

514 posts

Posted by Medusa > 1 month ago | Report Abuse

Rule No.1

When IB ask you sell, slowly accumulate

When IB put high TP ask u buy, RUNNNNNNNNNNNNNNNNN

Kikiki…

Posted by phoenixqueen > 1 month ago | Report Abuse

CIMB TP canot see one la, last year put 4.3, this year put 3.6, but price now 1.9

Realrich

1,068 posts

Posted by Realrich > 1 month ago | Report Abuse

I buy 1.92 wait rebound tomorrow lol. People sale I buy

Posted by phoenixqueen > 1 month ago | Report Abuse

Mayb tmr will go down deeper?

Posted by jonathanlum > 1 month ago | Report Abuse

it will dip to 1.53 and below

Zachzach

637 posts

Posted by Zachzach > 1 month ago | Report Abuse

it used to be one of hot sweet stock for 2021/2022
2023 and 2024 really bad for genetec..even mgmt do nothing..frustrated...

Zachzach

637 posts

Posted by Zachzach > 1 month ago | Report Abuse

im leaving this counter for good..thanks again for 2021/2022 profit !!

Posted by jonathanlum > 1 month ago | Report Abuse

mgmt do nothing...incorrect...
since tech market isnt good...so they think of how to make esos for their own good...

Realrich

1,068 posts

Posted by Realrich > 1 month ago | Report Abuse

Take profit 1.92 sale 1.99

Realrich

1,068 posts

Posted by Realrich > 1 month ago | Report Abuse

This share should run fast I sale 1.99 already. Useless counter will back to 1.50. Because the poor management 1 months 3 times esos 0.11 sure die

8u29song

2,537 posts

Posted by 8u29song > 1 month ago | Report Abuse

so bad kah.....kasi limit down...

Abba84

972 posts

Posted by Abba84 > 1 month ago | Report Abuse

China economy in bad shape n dependants ,apple,tesla would go down too!

gooman

585 posts

Posted by gooman > 1 month ago | Report Abuse

PHLX Semiconductor Index up 4.02% on Friday.
https://www.marketwatch.com/investing/index/sox

luckyman

683 posts

Posted by luckyman > 1 month ago | Report Abuse

PETALING JAYA: Genetec Technology Bhd has seen a recent pullback in its share price mainly due to growing concerns over moderating electric vehicle (EV) demand, triggered most recently by US-based car rental company Hertz scaling back on EVs.

However, CGS-CIMB Research believes that this is a good buying opportunity, with catalysts from strong order wins from the company’s EV and auto customers and demand surge for its battery energy storage systems (BESS) solutions.

Genetec declined 14% over the past week to close at RM2.01 on Jan 19 as investors became jittery over news indicating softening EV demand globally since the fourth quarter of 2023 (4Q23), including the scaling back of new EV model launches by brands and EV price cuts.

“Our recent checks with the the company’s management indicate that the outlook for the group’s EV and energy storage segments remains resilient,” the research house said.

It ran a scenario analysis on various growth-rate assumptions for Genetec’s EV business for the financial year 2024 (FY24) and FY25 and concluded that the current share price levels reflect a 30% annual decline in FY24 and FY25 EV revenue.

“We think this is excessive considering Genetec’s sole EV customer has a healthy pipeline of new model launches, including a new mass-market EV model by 2024 which should continue to support decent order flows for the company,” CGS-CIMB Research added.

According to the research house, Genetec had also guided previously during its Nov 23 analysts’ briefing that it aims to obtain additional work within its EV/auto segments, such as battery assembly and regenerative braking system production lines.

This could add RM200mil to its current orderbook by end-FY23 and FY24.

The research house added that Genetec had received purchase orders for 10 megawatt hours (MWh) worth of BESS capacity for small projects, likely to be rolled out by 2H24.

Genetec has also participated in tenders for the rollout of 705MWh worth of BESS capacity across various domestic projects, which could translate to a sizeable increase in its BESS orderbook.

In addition, the company has also identified over 4 gigawatt hour (GWh) worth of BESS capacity needs within the South-East Asia and Middle East regions that it can compete for.

It maintained an “add” call on Genetec with a Gordon Growth Model-target price of RM3.60.

The counter is currently trading at a 14 times calendar year 2025 price to earnings ratio, which is a 44% discount to the average basket of local automation solution providers’ 25.2 times.

Source: The Star, 23 Jan 2024

luckyman

683 posts

Posted by luckyman > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/01/19/tsa-groups-ipo-shares-oversubscribed
Another Mr Aaron Chen's company to be listed on 2nd Feb.

t_nike2002

345 posts

Posted by t_nike2002 > 1 month ago | Report Abuse

Some fund managers are stuck at high price, hence cimb report is issued to rescue them at the expense of retailers..
Retailers don’t be fooled by those reports to lure you guys in..

Not the right time to enter… still rather expensive …
lots of battery makers.. competition will be fierce and cut throat, won’t make much money or even loss ..

t_nike2002

345 posts

Posted by t_nike2002 > 1 month ago | Report Abuse

This was overhyped stock which now investors are coming to their senses..
just like how glove stocks dive down badly

t_nike2002

345 posts

Posted by t_nike2002 > 1 month ago | Report Abuse

Several companies are leaving EV…

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

good uptrend solid .

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

hi operator tolong beli kan saya pada harga 1.91 ...hheehhee

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

come come 1.91

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

Hallooooo operator genetec .....what is your target price to drop???? im waiting

Posted by TiffanixLVxHermes > 1 month ago | Report Abuse

1.80 🤑good price

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

nooo laaaaa........i want 1.20 !!!!!! operator will follow my price

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

so slow laa operator ......fast laa drop drop why so slow ooh operator .....hahaa

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago | Report Abuse

macam kura2 drop ...naik pun macam kura2 ....

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Posted by phoenixqueen > 1 month ago | Report Abuse

mayb below RM1

Posted by swissvillage > 1 month ago | Report Abuse

Fed decision: Powell will keep door open for first interest rate cut in March
https://www.marketwatch.com/story/fed-decision-powell-will-keep-door-open-for-first-interest-rate-cut-in-march-0f0e7c46

Posted by swissvillage > 1 month ago | Report Abuse

Malaysia seeks place in EV ecosystem with battery development
https://asia.nikkei.com/Business/Technology/Malaysia-seeks-place-in-EV-ecosystem-with-battery-development

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Markv572421

3,001 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

Posted by phoenixqueen > 1 month ago | Report Abuse

coming down dy, huhu

Posted by TiffanixLVxHermes > 1 month ago | Report Abuse

revised my entry price: 1.70 😎

luckyman

683 posts

Posted by luckyman > 1 month ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3419593
A much smaller company owned by Mr Chen Khai Voon that may be worth for long term consideration...

Michael Kwok

5,975 posts

Posted by Michael Kwok > 3 weeks ago | Report Abuse

Genetec 1.90
19 feb onward then consider buying it.
Tp rm 2.50-rm 2.80(before 6 month period)
8/2/24 10.51am

Posted by TiffanixLVxHermes > 2 weeks ago | Report Abuse

the news stated 4th quarter revenue is below 70mil caused the recent selloff
research house said the selloff is overdone, agree?
EV market has been undergoing bloody price war.. any impact to its supply chains' profit margin?

revised my entry price @ 1.80
cheers

gooman

585 posts

Posted by gooman > 2 weeks ago | Report Abuse

stock market reflects a view of the economy six months in advance

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