hi scchin58, I guess we need to wait for another round of Annual Report to see which fund is disposing, I think? This amount of disposal volume, I believe is from funds.. Retailers won't have such volume...
yes, it must be one of them. At first I thought it was Mr Teo but I was wrong. Let's see tomorrow announcement whether Mr Teo acquire anything in past few days.
@ICONS23, As compared to 3A, I think GENETEC did right by having business in EV-related industry (pls correct me if I am wrong). Even it looks weaker in its financial, people still willing to buy no matter what.... This is market.
With increse in utilisation of 3rd plant , it will surely impact the top and bottom line.Together with the higher ASP it will balloon the profit further
The revenue of the Group for the current quarter of RM131.235 million was 22.7% higher than RM106.955 million recorded in the corresponding quarter in the preceding year mainly due to higher quantities of products sold. The Group's profit before tax increased by 77.2% to RM17.054 million from RM9.622 million and was mainly a result of higher quantities and also higher average selling prices of products sold in the current quarter under review. The Group recorded 24.3% higher revenue of RM258.100 million for the six months ended 30 June 2021 as compared to RM207.652 million recorded for the same period last year on higher quantities of products sold. Profit before tax of the Group for the same period increased by 53.1% to RM34.406 million from RM22.467 million and was mainly a result of higher quantities and also higher average selling prices of products sold.
what a great growth story! it is very undervalued versus its peers. I believe it will trade much higher with more sensible valuation in terms of price/earnings or book value of other recession proof businesses like ajinomoto, guan chong etc.
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scchin58
45 posts
Posted by scchin58 > 2021-06-22 17:18 | Report Abuse
Maybe one of the5 funds selling