The reason Genetec is up so much is because the EV contract that they won is from non other than Tesla, hence the hype. Genetec has spent the last few years in qualification stage to become Tesla's tier-1 supplier, and their recent contract wins is for building the machines for Tesla's new battery assembly line. There were whispers in the market of Genetec's "new customer" but nobody knew who it was, that was until CIMB held a conference with analysts and fund managers recently with new info. Not surprisingly, institutionals have been snapping up the shares like hotcakes fresh out the oven. Even the guys at Greatech were surprised with Genetec's sudden emergence as a Tesla supplier. Hahaha
The RM42m you see in the announcement is only a small part for now, as the market expects that Genetec will get further contracts for building up more battery assembly lines in other Gigafactories. Tesla really like building their own batteries, don't they? That's why valuations have been soaring driving the price up even further.
Haih, institutions should really share info like this to retailers. So kesian you all scratching your heads and trying to read charts.
price going up like CRAZY with company profit like SHIT but yet BSKL pretend to closed one-eyed...something NOT right somewhere right under investors eyes!!!!!!!!!! WHAT'S GOING ON WITH BSKL????????
Papaya... It is a classic Pump and Dump in the making. But the TA will probably push this up to 20. It seems possible at this rate. I Congrats all who have Steel Balls to buy at 17 now and sell at 21 this week. Wow... impressive.....
What i learnt fr. COLDEYE, the most important factor for capital gain was growth... maybe he got the vision/forward thinking of this co. that we dont have... otherwise we will be a multi-millionaire like him.... time will tell but i salute him.. i own all his books
Ya, I respect COLDEYE, willing to invest even though cashflow negative for many years (FY2020 is the worst). This totally contradicts with his philosophy.
Most probably he knows something from the company. Otherwise, i dun think he will invest in such company. After all, considering his status, he must know lots of people, & might know some insider news from the company that ordinary peoples cannot access.
Tempoh memberi sokongan kepada Tan Sri Muhyiddin Yassin selaku PM ditarik balik dan ditamatkan serta-merta, kata Presiden UMNO, Datuk Seri Ahmad Zahid Hamidi Ikuti berita terkini di grid.astroawani.com #PolitikMalaysia #AWANInews
Below 15 should run... as the bubble has popped! Anyway, good luck/congrats to All holding. From 4 to 18 is 450% gain in one month on a money-losing company is very impressive. Much much more than what gloves have done. Regrets for not buying at 6.5. Could have gained all my losses from gloves back. WTF...
Papayashot ....you are right....coldeye not god, he just"know-who" & "know-how"....we earned enough can cabut, dont let the small fish eaten by all the crodiles.....run fast fast...
Just add some, try my luck, collect this stock since early january this year @ 2.20 bcos i discover COLDEYE appeared in 99 & 20 AR, furthermore EV theme sure will come one day ... nonetheless, whether u base on FA or TA to invest or gamble for short term, risk within our control, follow our own SOP.... for me, just cut loss if drop more than 10%.
Fundamentally this co. is better than alot of listed co in KLSE, net cash, positive operating cash flow and involve in a huge potential sector, altho. currently dont hav good track record... frankly, im new in stock, only active in end 2019, i believe the true champion Value Investor was the one can smell/discover a co. value way ahead from others... not until a good QR out and everybody discover.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockinvestorbest
35 posts
Posted by stockinvestorbest > 2021-07-06 22:37 | Report Abuse
GENETEC analysis video
https://www.youtube.com/watch?v=_NOTaDy8XFw