GENETEC TECHNOLOGY BERHAD

KLSE (MYR): GENETEC (0104)

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Last Price

0.95

Today's Change

-0.045 (4.52%)

Day's Change

0.945 - 1.01

Trading Volume

11,009,700


16 people like this.

12,066 comment(s). Last comment by Chung 1 day ago

Sslee

6,221 posts

Posted by Sslee > 2022-12-29 13:44 | Report Abuse

I think Geely should be a good buy too.

By Lei Kang/CnEVPost
December 22, 2022 20:10 GMT+8
The model will be launched in the second quarter of 2023 with a battery pack capacity of 140 kWh and an energy density of 200 Wh/kg.

Zeekr 001 with CATL's Qilin Battery will have 1,032 km range

Geely's electric vehicle (EV) brand Zeekr's Zeekr 001 with CATL Qilin Battery will have a range of 1,032 kilometers, the latest regulatory documents imply.

A version of the Zeekr 001 was included in several documents released by China's Ministry of Industry and Information Technology on December 19, including a list of models allowed to be sold in China and a list of new energy vehicles (NEVs) exempt from purchase tax

izoklse

5,269 posts

Posted by izoklse > 2023-01-03 01:27 | Report Abuse

Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year

https://www.cnbc.com/2023/01/02/tesla-tsla-q4-2022-vehicle-delivery-and-production-numbers.html

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-05 13:57 | Report Abuse

what happened to genetec?

Posted by StartOfTheBull > 2023-01-09 19:34 | Report Abuse

Pay attention to any latest news from Tesla for guidance.

Jokers2020

2,006 posts

Posted by Jokers2020 > 2023-01-09 20:31 | Report Abuse

cfm n citaglb taking over from genetec for EV battery ...

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-10 14:19 | Report Abuse

jokers2020 : sure? any link ?

Posted by Tangtanggood > 2023-01-11 11:45 | Report Abuse

CKV sell citaglb and buy genetec

izoklse

5,269 posts

Posted by izoklse > 2023-01-11 12:13 | Report Abuse

CKV if now buying genetec...will slow slow move up. by the way TP from CIMB RM 4 above still long way to go.

izoklse

5,269 posts

Posted by izoklse > 2023-01-11 22:18 | Report Abuse

Raw material at Indonesia and EV Battery can be build in Malaysia with Tesla existing client and ship to Indonesia. Shipping cost reduce for Tesla because Malaysia and Indonesia is just across the Melaka strait and South China Sea. No wonder CKV acquired more share.

Tesla nears preliminary deal for Indonesia electric car plant

https://www.theedgemarkets.com/node/651418

Posted by Genetec A baby step > 2023-01-12 09:39 | Report Abuse

For knowledge sharing - Tesla plans to spend more than $770 million on Texas factory expansion https://klse1.i3investor.com/blogs/genetec_rm400/2023-01-12-story-h-301117530-For_knowledge_sharing_Tesla_plans_to_spend_more_than_770_million_on_Tex.jsp

Zhuge_Liang

2,415 posts

Posted by Zhuge_Liang > 2023-01-12 10:33 |

Post removed.Why?

Zhuge_Liang

2,415 posts

Posted by Zhuge_Liang > 2023-01-12 10:43 | Report Abuse

If the news on Tesla to set up plant in Indonesia to produce EV is confirmed, all semiconductor stocks related to EV will benefit.
No wonder the Technology index is bullish now and this index crossed 200-day SMA yesterday.
Good news to all semiconductor stocks related to EV.
Stock market is always 6 months ahead of economy.

izoklse

5,269 posts

Posted by izoklse > 2023-01-12 11:06 | Report Abuse

Tesla direct client for EV battery which we all know who will be the huge beneficiary as the operational cost i.e shipping will be far more cheaper and for sure increase in order for the client which we know who. :-).

izoklse

5,269 posts

Posted by izoklse > 2023-01-12 19:37 | Report Abuse

Genetec plans RM154.8 mil private placement to fund expansion, working capital

https://www.theedgemarkets.com/node/651545

inline with Tesla new EV Plant deal in Indonesia i guess

gohkimhock

3,095 posts

Posted by gohkimhock > 2023-01-12 22:14 | Report Abuse

You have to look at the bigger picture and understand the main purpose of the private placement first. Whether it is used for expansion or pare down borrowings. This is always the better option to raise capital than doing a rights issue. The key difference is only selected suitable investors are chosen because they know the business environment well and could provide business opportunities..

Sslee

6,221 posts

Posted by Sslee > 2023-01-13 06:58 | Report Abuse

The last time Serbadk also PP to only selected suitable investors are chosen because they know the business environment well and could provide business opportunities.

The question you need to ask if Genetec NP per quarter is RM 25 million then where is the money?

Posted by StartOfTheBull > 2023-01-13 08:00 | Report Abuse

Private placement dilutes the shares even more.

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-13 08:12 | Report Abuse

fund raising and general meeting...this shld be BIG !!

Posted by Tangtanggood > 2023-01-13 10:52 | Report Abuse

I thought private placement will cause the price to drop. Seem like I am too young...

Posted by phoenixqueen > 2023-01-13 11:18 | Report Abuse

ytd went up to 2.57 then pressed down before closing to 2.43, leaving a long upper shadow, today down to 2.41 then now eating 2.53, selling pressure is so high up there

samheong78

472 posts

Posted by samheong78 > 2023-01-13 11:20 | Report Abuse

Business just started last year and factory immediately reached 95% capacity. Then is easy to understand why RM25 million NP per quarter is not enough to fund for the cash flow of mega expansion ... another 600,000 square feet of factory could again reach 95% capacity as well ..

samheong78

472 posts

Posted by samheong78 > 2023-01-13 11:24 | Report Abuse

Think big customer usually takes times for settlement... Genetec receivables will be higher and higher

anthonytkh

1,802 posts

Posted by anthonytkh > 2023-01-13 11:36 | Report Abuse

I’ve always thought Genetec didn’t very good fundamentals. I had approached them with a proposal to raise cash. They ignored me

Instead they bought Utusan’s printing plant. That plant will cost substantial money to partially tear down to fit Genetec’s business and then rebuild. I visited the plant when Utusan invited me. Not easy nor cheap to “renovate”

They already know who’ll take up the placement

Sslee

6,221 posts

Posted by Sslee > 2023-01-13 12:45 | Report Abuse

Genetec last quarter NP margin is 36.28% is this possible moving forward?

samheong78

472 posts

Posted by samheong78 > 2023-01-13 12:58 | Report Abuse

Hi sslee, I do not have any deep knowledge on this but I think is possible to maintain certain level of high margin (after strengthening of MYR) since Aaple margin is 100%. So if genetec battery is advance battery then is possible to have high margin. Unless it is a low tech battery

samheong78

472 posts

Posted by samheong78 > 2023-01-13 13:09 | Report Abuse

I know that NP margin of fishball business got 10%

Sslee

6,221 posts

Posted by Sslee > 2023-01-13 13:17 | Report Abuse

Genetec do not produce any battery. Genetec only do designing and building of customized factory automation equipments to serve industries making EV battery.

Posted by phoenixqueen > 2023-01-13 14:36 | Report Abuse

pang, what is ur view on genetec? going north to RM 3 and more?

Posted by phoenixqueen > 2023-01-17 09:42 | Report Abuse

volume eating at 2.48 and 2.49, smth brewing???

samheong78

472 posts

Posted by samheong78 > 2023-01-17 12:12 | Report Abuse

The sound of EV .... vroom vroom vroom

izoklse

5,269 posts

Posted by izoklse > 2023-01-18 01:05 | Report Abuse

Indonesia close to EV deals with BYD Group and Tesla — minister

https://www.theedgemarkets.com/node/652054

Posted by phoenixqueen > 2023-01-18 09:51 | Report Abuse

volume eating from 2.48 to 2.51, heading to 3 soon?

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-19 10:48 | Report Abuse

phoenixqueen

volume eating from 2.48 to 2.51, heading to 3 soon?

sure or not..

seems few days stuck at 2.49-2.52..

but all hoping it is up to reach 3 !

serbatipu

331 posts

Posted by serbatipu > 2023-01-20 12:12 | Report Abuse

today bursa half / full day trading ?

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-20 15:46 | Report Abuse

full day !!
go go genetec 2.6 !

troy88

2,978 posts

Posted by troy88 > 2023-01-20 16:18 | Report Abuse

Business is solid. Good to pick up some whenever there is a crash

Posted by phoenixqueen > 2023-01-25 10:02 | Report Abuse

zachzach, gogogo, RM3 mari mari

tan1868

787 posts

Posted by tan1868 > 2023-01-25 11:47 | Report Abuse

HOHOHOHOHO!

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-25 12:42 | Report Abuse

now 2.7
heading to 2.8 first yaaa

iTelex5

573 posts

Posted by iTelex5 > 2023-01-25 21:37 | Report Abuse

cfm

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-26 18:22 | Report Abuse

next tp rm3 !

Posted by phoenixqueen > 2023-01-26 18:35 | Report Abuse

Zachzach, will go down first then only go up to RM 3?

izoklse

5,269 posts

Posted by izoklse > 2023-01-26 22:59 | Report Abuse

TOP 5 STOCKS Fund Managers are BUYING In 2023!
https://www.youtube.com/watch?v=POdWvk7JkTU&t=766s

Zachzach

1,257 posts

Posted by Zachzach > 2023-01-27 07:48 | Report Abuse

phoenixqueen

Zachzach, will go down first then only go up to RM 3?

u sure? as tesla up last night...surely today 2.8 easily

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