Genetec has completed a pilot run of its BESS and is ready to move into the commercialization phase.
Genetec has a record-high RM180m order book replenishment in 2QFY3/23, mostly from the electric vehicle and energy storage segments. It expects to receive favorable order replenishment in 2HCY23F, providing healthy order pipeline visibility for at least the next two years.
The Add rating with an unchanged TP of RM4.20 is maintained, with higher-than-expected orderbook replenishment, rise in institutional funds' holdings, expansion into new customers or segments, depreciation of the ringgit against the US$, and potential interest as an ESG-related play as potential re-rating catalysts.
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Created by Genetec A baby step | Apr 24, 2024
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Created by Genetec A baby step | Dec 12, 2023
calvintaneng
Post removed.Why?
2023-03-02 23:17