Koon Yew Yin's Blog
Genetec has a hidden trap - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 15 Apr 2022, 06:04 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
My purpose of writing this piece is to explain my mistake of encouraging my readers to buy Genetec when I wrote in my last article namely “Genetec Technology is a hidden gem”. In my article I wrote the following:
Genetec is undervalued:
Today the last traded price for Genetec is Rm 2.55 per share. Its latest quarter EPS was 35.83 sen for the quarter ending December. Its EPS was 32,25 sen for its previous quarter ending Sept.
If you based of the latest EPS of 35.83 sen X 4 quarters = Rm 1.43 and PE = Rm 2.55 ÷ 1.43 = 1.8 which is very cheap.
Now I realise that the company gave 12 bonus shares to every one share held by shareholder and X date for bonus was 10 January.
That means if you consider the additional bonus shares the current share price is not so cheap.
I have withdrawn my article from posting and also have informed all the people on my contact list about my mistake.
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Discussions
2 people like this. Showing 25 of 25 comments
GENETEC - CLSA Target Price RM4.50. What have and have not been priced in?
https://klse1.i3investor.com/blogs/genetec_rm400/2022-04-15-story-h1621459606-GENETEC_CLSA_Target_Price_RM4_50_What_have_and_have_not_been_priced_in.jsp
2022-04-15 18:40
did your stuped financial analyst recommend this garbage counter to you?
2022-04-15 21:20
Omg! I have bought alot based one ur previous hidden gem. Wat should i do uncle koon? R u playing a joke with me? Will u later write the hidden gem 2?
2022-04-16 07:18
If u r a doctor, can u give a wrong medicine to ur patient, then later tell ur patient u r wrong?
2022-04-16 07:20
Uncle forgot to divide the EPS by 12... Need to retire already... Simple FA also messed up...
2022-04-16 09:08
genetec i believe is only doing the EV battery casing not the whole unit.So earning wish should be so so only
2022-04-16 11:20
Haha… I thought he wanted to warn about the high receivable accumulated since last a year ago….
2022-04-16 17:17
Jokers2020 genetec i believe is only doing the EV battery casing not the whole unit.So earning wish should be so so only
16/04/2022 11:20 AM
---------------------------
Mr Jokers. I hope you are not joking. I guess what you believe might not be what's happening.
You can read a summary of what's our company doing & priced in by the analyst and what's not.
https://klse1.i3investor.com/blogs/genetec_rm400/2022-04-15-story-h1621459606-GENETEC_CLSA_Target_Price_RM4_50_What_have_and_have_not_been_priced_in.jsp
I suggest investor to spent time to understand the business & its prospect. Please visit my humble blog to read more on EV & ES industry. https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp
2022-04-16 17:34
Everyone make a mistake. Admit the mistake and realign the position is a good habit.
I think everyone can give comment on a free community. Whoever make the investment decision should be accountable to his own action.
I hope my fellow shareholders not buying in our company by using 35.83cent as latest EPS. If anyone make this mistake, they can be informed and take this chance to sell down their stake.
Shareholders need to understand the company fundamental and its prospect to make an intelligent & informed decision.
A great business at a fair price is superior to a fair business at a great price.
I suggest investor to spent time to understand the business & its prospect. Please visit my humble blog to read more on EV & ES industry. https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp
2022-04-16 17:38
Pang72
you better don't bring more people to Holland
remember Calvin warned about Green packet when you chased it to Rm1.60?
Gpacket has crashed by 90% now
Also Calvin warned about Mmag at Rm1.60 when you were happily chasing ?
Again Mmag crashed by 90%
As for Genetec it smells like Vivocom. Vivocom people went and did M&A after more M&A to promote the share rather doing real business
In the end many lost in Vivocom when it crashed
This Genetec if so good where got so much time promoting the stock in cyberspace ?
If really so good there is not enough time even to eat food
Genetec is a very high risk stock with high receivables (iou) and huge borrowings
it has little cash
Better don't touch this Genetec or later get burnt KAW KAW
2022-04-16 19:56
Hidden gem? Haha. So lucky to those who didn't read KYY's earlier blog on Genetic.
2022-04-16 20:56
this old man h. he used to tell people to buy a counter and then abt 5 days laters say that the counter is not good.he has lost his marbles. like i said earlier he is probably suffering fr alzhimers. again people lose money based on his comments.
2022-04-16 22:22
ah koon. you hv a long live, plse stop making others miserable, go crewl into a hole
2022-04-16 22:23
Your title is misleading. There wasn't any trap by Genetec. You just didn't (intentionally or not) do a proper analysis before you wrote. Pity those who follow your blog and bought
2022-04-16 22:41
Calvin best advise to all dear i3 forumers holding Genetec or any bloated Tech stocks
Better sell Genetec and switch to palm oil shares now
Shares like Bplant, HS Plant and Tsh Resources are now overflowing in My Cash and will declare excellent profits next month in May 2022 plus Good Dividends can be expected
Better go for Palm oil shares doing cash business collecting real cash rather than Genetec selling for receivables (iou) with high borrowings and later might end up asking for shareholders money by Rights Issues like insolvent Yinson
2022-04-17 23:20
What's regenerative braking in CLSA's GENETEC Intiation Report? https://klse1.i3investor.com/blogs/genetec_rm400/2022-04-18-story-h1621490115-ZF_Regenerative_braking_increases_range_of_electric_vehicles.jsp
2022-04-18 09:18
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Genetec A baby step
I hope my fellow shareholders not buying in our company by using 35.83cent as EPS. If anyone make this mistake, they can be informed and take this chance to sell down their stake.
https://klse1.i3investor.com/blogs/genetec_rm400/2022-04-15-story-h1621456636-GENETEC_What_s_its_upcoming_EPS_31_Mar_2022_1_49_cent_Source_CIMB_CLSA_.jsp
https://klse1.i3investor.com/blogs/genetec_rm400/2022-04-15-story-h1621456633-What_s_Genetec_latest_Quarter_EPS_35_83cent_Please_take_note_on_12_1_bo.jsp
Shareholders need to understand the company fundamental and its prospect to make an intelligent & informed decision.
A great business at a fair price is superior to a fair business at a great price.
I suggest investor to spent time to understand the business & its prospect. Please visit my humble blog to read more on EV & ES industry. https://klse1.i3investor.com/blogs/genetec_rm400/blidx.jsp
2022-04-15 18:09