Genetec - A baby step

Genetec - An update on Trade Receivable Collection from Management

Genetec A baby step
Publish date: Fri, 27 May 2022, 07:13 PM
Genetec - A baby step

A Baby Steps is very important to achieve success.

Give GENE another few years and we will see. I hope we can achieve the plan as presented on the Battery Day
https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-29-story-h162...

KEY TAKE AWAY FROM MANAGEMENT BRIEFING:

  1. Trade Receivable as of 31-Mar-22 = RM155M
  2. Cash Collection after 31-Mar-22 = RM26M
  3. June 22 Collection = RM30M
  4. Q3 22 Collection = RM80M
  5. GENETEC finance team can monitor & trace the collection from customer's payment web portal. The money will come in by the time come.
  6. Genetec's Banker get ready RM300m trade facility to finance the upcoming order book. No issue on cash flow. Bank is happy to accept Customer T & Customer Z PO for the facility.
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