Genetec - A baby step
Revving up for Expansion: Genetec Technology's Building Blocks of Growth - CIMB Reiterates Add with TP RM4.20
Genetec A baby step
Publish date: Tue, 28 Feb 2023, 10:17 AM
Genetec A baby step
0 285
Investors, let's embark on a remarkable journey together.
Give GENETEC the time it deserves, and watch our Battery Day plans flourish!
Visit my blog for insights that will empower you to make informed decisions and maximize your investment. Discover the link between company potential and industry trends: [ https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp].
Start small, dream big, and embrace the key to success with GENETEC.
Give GENETEC the time it deserves, and watch our Battery Day plans flourish!
Visit my blog for insights that will empower you to make informed decisions and maximize your investment. Discover the link between company potential and industry trends: [ https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp].
Start small, dream big, and embrace the key to success with GENETEC.
- Genetec has reported record quarterly revenue in the third quarter of FY23, with revenue increasing by 20.5% qoq and 30.5% yoy to RM85m.
- However, the EBITDA margins decreased due to forex losses, a less profitable sales mix, and development costs for new battery energy storage system projects.
- Despite this, the company's 9MFY23 sales and core net profit rose by 39% and 34% yoy, respectively,
- GENETEC recently completed a private placement to fund future expansion. It will use 53% of the proceeds to expand its manufacturing facilities, increasing production capacity by almost 1.5x.
- The company also completed the development of its in-house BESS and is preparing to begin a pilot run, which could be a new growth driver from FY24F.
- Despite cutting their EPS projections, analysts still project a 23% net profit CAGR from FY22-25F and reiterate their "Add" rating with a lower RM4.20 target price.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Genetec - A baby step
Tesla to launch new models ahead of planned timeline, shares jump
Created by Genetec A baby step | Apr 24, 2024
CIMB Analysis: Genetec Maintains Growth Trajectory - Strong Buy Recommendation at RM3.60
Created by Genetec A baby step | Feb 29, 2024
Why Thixomolded Magnesium is better than Gigacast Aluminum [The Limiting Factor]
Created by Genetec A baby step | Jan 18, 2024
Tesla's PDO Patent // One-Upping the 'Million Mile Battery'? [The Limiting Factor]
Created by Genetec A baby step | Jan 04, 2024
Genetec Powers Ahead: CIMB's Top Pick for 2024 in the Green Energy Revolution!
Created by Genetec A baby step | Dec 12, 2023
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
MQ Trading Signals
Time
Signal
Duration
Type
2024-05-03 16:35:00
EMA 5
5 Mins
SELL
2024-05-03 15:40:00
EMA 5
5 Mins
BUY
2024-05-03 15:30:00
ADX
5 Mins
BUY
2024-05-03 15:25:00
ADX
5 Mins
SELL
2024-05-03 15:00:00
ADX
5 Mins
BUY
Apps
Top Articles
1
2
3
AmInvest Research Reports
STRATEGY - Local Institutional Support Drive Upward Momentum
4
南洋行家论股
5
Nuclearinvestment
6
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Genetec A baby step
GENETEC FY2023 Q3 - Management Briefing Takeaway https://klse1.i3investor.com/blogs/genetec_rm400/2023-02-28-story-h-297274523-GENETEC_FY2023_Q3_Management_Briefing_Takeaway.jsp
2023-02-28 17:10