2022 Q1 receive 130m NEW ORDER. Mainly came from Customer T & Customer Z GENETEC is working with Customer T on Gen 2 battery line. More order to come in on next few months. GENETEC receive order from Customer T's MEGA PACK project. More order on next calendar year. Customer Z receive regenerative braking line confirmation from end Customer. Est. 100m - 200m recurring order every year. Customer Z place more order on ECU line.
They bought Utusan’s printing plant in Bangi. I’ve been there due to biz with Utusan a few years ago (before liquidation). It’s 15-acres with a pretty substantial amount of empty land (which, I assume, caught Genetec’s eye). Genetec will have to spend money demolishing VERY strong built-in printing machinery on the site. This is the second real estate purchase this year after the acquisition of an asset in a prominent PJ location
Abba, their balance sheet ain’t that great. That may be a reason. Hopefully, they know better than us regarding expansion plans (which have been exemplified by their property purchases recently)….
Genetec, poor cash flow company, depending on borrowing to survive! Potential serbak-to-be company! Please be informed. We received tickets to short genetec!
Pang72, go to HengYuan and say pump more oil, supporting global warming industry. Now, come here and support genetech, debt laden/ poor cash flow company, business depending on borrowing… Pang72, May hv Alzheimer disease! Please go see doctor.
Thanks for help bring down the price. Will buy more...thanks.... The management see the long term opportunity, their vision is EV battery king. Bank also supportive, huat ar....
Elon Musk is considering a hiring freeze and job cuts of up to 10% of staff at Tesla because he has a “super bad feeling” about the state of the economy, according to an internal email seen by Reuters.
Every news is not bad for Tech stock. Indeed for couple month the volatility is very high. However, keep yourself investing in good company. The whole market got flushed and let's see who starts first in the race. Almost the Covid-19 gain went to drain for those been investing since then.
Literally, Genetec is a theme backed company of EV brand. Some people may call it as short term company yet if you look back then it was RM50, how is that happening. It is due to the book order and again if the book order isn't impacted stay invested. Indeed, not a hot stock like Inari or Greatech but if EV picked up in Malaysia, we may benefits from this stock alot. Don't wipe everything off from portfolio yet downtrend is imminent
Just look at this news, you know how will Genetec be doing... down hill of course.... Genetec is highly dependent on below...
Elon Musk is considering a hiring freeze and job cuts of up to 10% of staff at Tesla because he has a “super bad feeling” about the state of the economy, according to an internal email seen by Reuters.
Not reliable person anymore. U-turn here and there just to save the share price… but the truth is out.. tesla performance likely not good moving forward
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....
Limcken
45 posts
Posted by Limcken > 2022-05-26 23:58 | Report Abuse
Good bye Genentech , less earning compare with last qr .