GENETEC TECHNOLOGY BERHAD

KLSE (MYR): GENETEC (0104)

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Last Price

1.90

Today's Change

-0.01 (0.52%)

Day's Change

1.88 - 1.91

Trading Volume

3,330,500


15 people like this.

11,508 comment(s). Last comment by Markv572421 1 day ago

iTelex5

535 posts

Posted by iTelex5 > 2022-11-24 14:20 | Report Abuse

limit up???

Zachzach

688 posts

Posted by Zachzach > 2022-11-24 16:36 | Report Abuse

go go genetec

Zachzach

688 posts

Posted by Zachzach > 2022-11-24 16:37 | Report Abuse

when is QR come out for genetec?

Posted by jonathanlum > 2022-11-29 09:39 | Report Abuse

Q3 Results '22

Revenue
70,664

Profit/(loss) before tax
27,940

Profit/(loss) for the period
25,640

Profit/(loss) attributable to ordinary equity holders of the parent
25,055

Basic earnings/(loss) per share (Subunit)
3.67

Zachzach

688 posts

Posted by Zachzach > 2022-11-29 10:50 | Report Abuse

so open on qr at 10am...2.7 !!
what a quarter for genetec..
congratulation... !!

Posted by NatsukoMishima > 2022-11-29 17:41 | Report Abuse

Insider dump faster than u ,sorry !

troy88

2,555 posts

Posted by troy88 > 2022-11-30 10:10 | Report Abuse

Great QR. Business is in the right trajectory. The hype which started last year is not a joke..

calvintaneng

53,217 posts

Posted by calvintaneng > 2022-11-30 11:19 | Report Abuse

Go lucky Happy

Good result and price is in the red?

19 hours ago


GENETEC ONLY EARNED 3.67 SEN with NAV less than 30 sen

JTIASA EARNED 3.51 SEN with NAV Rm1.32

JTIASA SHARE PRICE 4 TIMES CHEAPER BUT EARNING AS DOOD

Michael Kwok

6,066 posts

Posted by Michael Kwok > 2022-11-30 11:27 | Report Abuse

Buy q 2.30 range
Tp trying to breach rm 2.70 again
30/12/22 11.28am

Posted by phoenixqueen > 2022-11-30 11:41 | Report Abuse

michael, typo, it's 30/11/22

calvintaneng

53,217 posts

Posted by calvintaneng > 2022-11-30 15:52 | Report Abuse

fJtiasa debt was used to buy lands

now high Cpo prices caused huge cash inflow to settle debt

from Rm800 mil debt in year 2017 Jtiasa debt now only Rm257 millions

now Jtiasa owns 206,000 acres plantation lands (bigger than Spore landmass of 180,000 acre


calvintaneng

53,217 posts

Posted by calvintaneng > 2022-11-30 15:57 | Report Abuse

genetec cash only Rm13.8 millions

how much?

only 2.02 sen cash

what cash ?

call 2 sen worth in balance co cash rich?

Even Thplant got 12.6 sen cash better

BursaKakis

401 posts

Posted by BursaKakis > 2022-12-01 11:52 | Report Abuse

Insert Insert
Genetec Technology Bhd
2QFY23: Record-breaking quarter
■ 1HFY3/23 net profit beat our expectations at 58% of FY23F core NP due to
stronger-than-expected net margin in 2QFY23, but in line with consensus.
■ We expect Genetec to record stronger yoy results in 2HFY23F, backed by its
robust order book in EV & ES and favourable forex movements.
■ We raise FY23-25F EPS by 3-7%. Reiterate Add with a higher RM4.60 TP.
2QFY3/23 net profit rose 35% qoq; beat expectations
2QFY3/23 revenue declined 3.5% qoq due to a delay in automation line delivery for its hard
disk drive (HDD) segment from Sep 22 to Oct 22 amounting to about RM5m. Despite the
lower sales, EBITDA margin expanded by 13.2% pts qoq to 42.1% in 2QFY23 due to 1) a
better sales mix coming from higher engineering change request (ECR) service related to
electric vehicle (EV) & energy storage (ES) segment, which offers higher margins than
production line segment, and 2) favourable forex movement. Overall, 2QFY3/23 net profit
surged 35% qoq to RM25.1m, despite a higher effective tax rate of 8.2% (+4.1% pts qoq).
Note that this was the highest quarterly net profit in the company’s history since its listing.
1HFY23: driven by higher HDD and EV & ES contribution
On a cumulative basis, 1HFY3/23 revenue and net profit rose 44.5% and 78%,
respectively. The group attributed the stronger performance to: i) higher contribution from
HDD (+5.6x yoy) and EV & ES (+6% yoy) segments, ii) a better sales mix and iii) favourable
forex movements from the depreciation in Ringgit against US$. 1HFY23 EBITDA margin
rose 6.8% pts yoy to 35.4%. Overall, 1HFY23 net profit jumped 78% yoy to RM43.5m.
Strong growth prospects backed by RM256m order book
Genetec’s order book stood at RM256.4m as at end-Sep 2022, out of which 98% are
related to the EV & ES segment. We gathered from the management that Genetec added
c.RM79m worth of new orders in the quarter mainly in the EV & ES segment, including a
second formation line from its US EV customer. In addition, the group is also tendering for
additional formation, regenerative braking system and electronic control unit (ECU) lines
for FY3/24F. Genetec’s tender book stood at c.RM237m as of end-Sep 22. Moreover, we
also learnt that Genetec is working on developing its in-house battery energy storage
system (BESS) as part of its new growth strategy. The group plans to complete the BESS
prototype by end-2022 and begin pilot run deployment in CY23F.
Reiterate Add; TP raised to RM4.60
We raise our FY23-25F EPS by 3-7% to account for: i) higher sales from HDD and EV &
ES segments, ii) a more profitable sales mix and iii) favourable forex. Accordingly, our TP
rises from RM4.30 to RM4.60, based on a lower 31x CY24F P/E, in line with the Malaysian
automated test equipment (ATE) sector’s 5-year mean P/E, (vs. 35x previously; 0.5 s.d.
above Malaysian ATE sector mean), in view of the weak sentiment in the global technology
sector. We also roll over our valuation to end-2023F - CgsCimb 29 Nov 2022

Michael Kwok

6,066 posts

Posted by Michael Kwok > 2022-12-01 15:05 | Report Abuse

Tq i know is on 30/11/22.typing error.why i free some tips here because of money wise collecting 5 figures in total.the stock broking in i3 also benefit.

phoenixqueen

michael, typo, it's 30/11/22

Income

10,336 posts

Posted by Income > 2022-12-02 07:23 | Report Abuse

Insider dump??

Zachzach

688 posts

Posted by Zachzach > 2022-12-14 09:31 | Report Abuse

go go genetec !! target 2.87 - today open 2.73 !

iTelex5

535 posts

Posted by iTelex5 > 2022-12-14 09:33 | Report Abuse

chargeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Posted by yangkwang99 > 2022-12-15 09:06 | Report Abuse

Charge into 3 lah ha!!! Soon!!!

jgb349000

492 posts

Posted by jgb349000 > 2022-12-15 19:06 | Report Abuse

If pang is here,,,then price going down very soon...be very careful..

iTelex5

535 posts

Posted by iTelex5 > 2022-12-21 10:17 | Report Abuse

Chargeeeeeeeeeeeeeeeeeeeeeeeeeeeee

troy88

2,555 posts

Posted by troy88 > 2022-12-21 11:28 | Report Abuse

Genetec is in the right industry and growing business. Should go back to it's ATH eventually. Always good to pick up some every time Nasdaq and tech crash..

Posted by phoenixqueen > 2022-12-22 11:23 | Report Abuse

2.78 is very heavy, tried to break twice but failed, leaving a long upper shadow

anyone can advise ?

Posted by Tangtanggood > 2022-12-22 19:17 | Report Abuse

I want to ask why this company has so high receivables

Sslee

4,670 posts

Posted by Sslee > 2022-12-24 08:54 | Report Abuse

Tesla drop 70% year to date and this Genetec A Baby step just need one of his customer reject the equipment and refuse payment to send this company to bankrupcy.

All this company profit is in trade receivable: RM 176,769,000. Other receivable: RM 23,047,000. Inventories: RM 43,908,000.

Sslee

4,670 posts

Posted by Sslee > 2022-12-24 15:05 | Report Abuse

"Elon Musk has a pathological problem with the truth," said Gordon Johnson, one of the largest critics of Tesla among analysts. "When people say he's a genius and innovator, it's based on all his promises he never lives up to."

Johnson said Tesla shares will have a much steeper fall ahead, once it starts being priced like other automakers rather than on its promises. He said that for Tesla to hit its growth targets it needs to be building new plants almost every year, but that new factories in Germany and Texas that opened in spring are still not operating at full capacity. And he said that its plant in China has had to scale back production due to weak sales in the market in the face of the Covid restrictions.

"Demand in the US has collapsed," he said. "Two months ago, your wait time was two or three months. Now you can get one immediately. They're going to build more cars than they sell for a third straight quarter. It's the definition of excess capacity."

imvu

7,888 posts

Posted by imvu > 2022-12-28 09:39 | Report Abuse

apakah ?

Zhuge_Liang

2,363 posts

Posted by Zhuge_Liang > 2022-12-28 10:39 | Report Abuse

Posted by jgb349000 > 1 week ago | Report Abuse
If pang is here,,,then price going down very soon...be very careful..
-----------------
Look like you are 100% right this time.

faridfet

477 posts

Posted by faridfet > 2022-12-28 13:07 | Report Abuse

@Genetec A Baby Step… what is happening? In 1 day almost -10%

imvu

7,888 posts

Posted by imvu > 2022-12-28 16:25 | Report Abuse

malam ni tesla rebound hijau gap up limit up !

imvu

7,888 posts

Posted by imvu > 2022-12-28 16:27 | Report Abuse

2.390

Benz1828

51 posts

Posted by Benz1828 > 2022-12-28 20:39 | Report Abuse

Time for GENE to soar.. with tp 2.55 ++ cents tomorrow as per DatoKyle !

Posted by triplex3mob > 2022-12-28 20:57 | Report Abuse

Wow, rebounding tmr...

Eric Lim

508 posts

Posted by Eric Lim > 2022-12-28 21:11 | Report Abuse

in your dream

Zhuge_Liang

2,363 posts

Posted by Zhuge_Liang > 2022-12-29 09:53 |

Post removed.Why?

Posted by Genetec A baby step > 2022-12-29 09:53 | Report Abuse

I read this wisdom writing from a top article in i3investor

2. Long Term Investing is Hard

The biggest reasons more people do not practice long term investing are that –

It flies in the face of anything taught in business schools – that is, short termism – where most influencers/experts come from,
It requires a painful degree of patience because it is only over long periods of time that the market eventually gravitates toward value,
Life spans of businesses and their competitive advantage periods, on an average, are shortening,
Our attention spans and holding periods are shrinking, and
Noise is magnifying.

Given all of this, long term investing has become an increasingly difficult and contrarian endeavour. And so, not many investors have the ability or the wherewithal to practice it.

In fact, most people participating in the stock market don’t even understand what they are doing. This is especially when making money gets quick and easy, and they are doing great at it.

Like Aesop’s wolf in sheep’s clothing, they play a role contrary to their real character, which often leads them to the slaughterhouse.

However, the lack of patience of such people to invest with a long-term horizon creates the opportunity for the few committed to long-term holding periods.

In the battle between impatience and patience, the latter wins.

With over nineteen years of practicing long term investing with sincerity and with decent success (purely based on personal standards of success), and seeing a lot of my fellow investors drop out due to their disbelief in its continuity and now ruing their decisions, I can vouch for this powerful idea.

Long term investing is certainly hard, but if you know how to deal well with its hardness, it’s totally worth it.

Posted by Genetec A baby step > 2022-12-29 09:54 | Report Abuse

@faridfet

please read above.


faridfet @Genetec A Baby Step… what is happening? In 1 day almost -10%
28/12/2022 1:07 PM

Zhuge_Liang

2,363 posts

Posted by Zhuge_Liang > 2022-12-29 10:06 |

Post removed.Why?

Zhuge_Liang

2,363 posts

Posted by Zhuge_Liang > 2022-12-29 10:11 | Report Abuse

A trader is making a peanut profit and the trader will not last in a bear market.
Mid to longer term investor will perform well.
According to research, 90% of the traders are losing money.
Think hard on this theory, 90% of the traders are losing money.

Posted by Rudythedeer > 2022-12-29 10:20 | Report Abuse

buy cheap or enter at RM 3, your choice

Zhuge_Liang

2,363 posts

Posted by Zhuge_Liang > 2022-12-29 10:46 | Report Abuse

Posted by CharlesT > 24 minutes ago | Report Abuse

Sifu should have made tens of Millions fm stock mkt since Koon Bee in play (2013 or 2014?)

I believe he has diverted a lot of his money into properties n other safer modes of investments and kept a portion of it in stock mkt only

Even he lost all his money in stock mkt also can eat abalone happily everyday
---------------
You are very right on the spot.
I think sifu made more money in 2020 on glove stocks than 2013/4.
But 2013/4 are the years that he built his capital base.
Sifu is always very grateful to Mr KYY, he just kept quiet even Mr KYY attacked him in I3.
He has the huge capital to sailang in 2020, he withdrew all his FD to load and he is lucky to make at least a few hundred percent gain.
He is so smart to place all money back into FD again after 2020 huge gain.

Zhuge_Liang

2,363 posts

Posted by Zhuge_Liang > 2022-12-29 10:53 |

Post removed.Why?

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