now back to where it should be ,those investment bank give sky high price to trap you . Now even who is their customer also a myth

their sales figures equal to their trade receivables , if based on first in first out logic, then no money collected for this year , if the customer default their payment , the company may have the risk of wind up as their customers only focus 1-2 only. Also their debts keep increasing , unless products margin is super high to compensate the credit risk or no one will do this type of business .

Only keep seeing additional share listing by company , no more order secured since March 2021 , can this share price sustained ?

https://www.cgs-cimb.com.my/cgscimbresourcesmy/resources/MAL-EV-Genetec-Initiation.pdf

In the event that Tesla is not a customer (according to our assumption and thesis of this report), we believe that order visibility of Genetec will only be limited to the contracts that it has announced so far (amounting to RM204.6m from Feb-21 to date). This is from Pg 16 of CIMB report , they just speculate only , very unprofessional assumption , if in US , already kena sue

CIMB INSIDE GOT PUT IN THEIR DISCLAMER , THEY ALSO DONT KNOW WHO IS THEIR CUSTOMER . https://klse.i3investor.com/blogs/evbattery/2021-07-24-story-h1568783111-GENETEC_S_RISE_All_because_of_CGS_CIMB_REPORT.jsp

this just like money game, i can give you a nice picture and good hope but never delivered .

just your speculation , unless you are the staff in GENETEC or how you can confirm their customer ?use " definitely" ,you are not even able to know what is their products look or service provide . only know they involved in EV , then anyhow all in your bet ?

actually the person who bought this counter only base on speculation like gamble , go to the genetec website also limited info, just can using your imagination to blow the balloon. Actually tesla did disclose who is their supplier if you go to do the google search , everything is transparent ,not like genetec , all is secretive information. If I got tesla this type of customer, i sure put a big big name in my website to attract more customers .

https://insideevs.com/news/487179/tesla-influence-top-battery-suppliers-2020/

Genetec never admitted its customer is tesla and never to disclose who is the customer ?a lot of secretive for this company. EV manufacturer got many in US , and base on the common sense , tesla will look for small manufacturer as their supplier ? Any EV part patent belong to Genetec ?

it remind me megan stories .

the latest quarter trade receivable looks unreasonable which equal to its sales to date and borrowing keep increasing .

I don't think we should blame Mr. Koon Yew Yin for recommended this share, as he is also layman and not the god, he also can make mistake. Those only follow ppls advise , hard to earn money in share market. So it is important to have cut loss point, no matter how good of the company like Transmile. robert Kuok also kena con

Those still holding those share can consider sue auditors, this is obviously negligent in their duties.