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
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Start small, dream big, and take those crucial baby steps - they're the key to unlocking success
Just give GENETEC a little more time, and mark my words - we'll witness our Battery Day plans come to glorious fruition!
I encourage fellow investor to visit my blog and gain a deeper understanding of the company and industry. By making an informed decision, you can invest wisely and make the most of your investment. https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp
Just give GENETEC a little more time, and mark my words - we'll witness our Battery Day plans come to glorious fruition!
I encourage fellow investor to visit my blog and gain a deeper understanding of the company and industry. By making an informed decision, you can invest wisely and make the most of your investment. https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp
- 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.
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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