Posted by Good123 > 1 week ago | Report Abuse

Proton and Perodua’s electric vehicle (EV) projects are poised to significantly benefit Genetec Technology Berhad due to their focus on battery storage systems and EV components.

1. Growing Demand for EVs: Both Proton and Perodua are set to introduce affordable EVs by 2025. Perodua, for instance, is collaborating with international partners to launch its first electric model, likely based on the popular Myvi. This push towards EVs aligns with Malaysia’s National Industrial Master Plan (NIMP2030), which aims to enhance local EV production and technology  .
2. Battery Storage Systems (BESS): Genetec is already benefiting from increasing demand for battery storage solutions. The company has received substantial orders for battery storage systems and is actively participating in tenders that could further boost its order book by hundreds of millions in the coming years . As the local automotive industry shifts towards EVs, Genetec’s expertise in BESS is crucial for supporting the infrastructure required for these vehicles.
3. Strategic Positioning: With Proton and Perodua leading the charge in Malaysia’s EV market, Genetec stands to gain from the broader ecosystem. As these companies ramp up EV production, Genetec can supply critical technologies and components, thereby enhancing its revenue streams and market presence in a rapidly growing sector.

This synergy between local automakers and Genetec’s technological capabilities positions the company well to capitalize on the burgeoning EV market in Malaysia.

Posted by Eagle77 > 1 week ago | Report Abuse

Back to 0.50 ⬇️🩸

Posted by Good123 > 1 week ago | Report Abuse

Aaron Chen likely has a vested interest in not letting Genetec Technology Berhad fail for several potential reasons:

1. Financial Investment: If Aaron Chen has a significant financial stake in Genetec Bhd, he would have a strong incentive to ensure the company’s success to protect his investment and ensure future profits.
2. Strategic Importance: Genetec Bhd operates in high-growth sectors such as automation, industrial engineering, and electric vehicle manufacturing. The success of the company could be critical to Chen’s broader business interests or partnerships, particularly in industries related to technology, automation, or energy.
3. Reputation: As a business figure, Aaron Chen’s reputation would be tied to the companies he is associated with. A failure of Genetec could reflect poorly on him and impact his ability to secure future business opportunities or investments.
4. Network and Influence: Genetec may be part of a broader network of companies, suppliers, or partners that are connected to Chen’s business dealings. Allowing it to fail could disrupt key business relationships or supply chains that could affect other ventures he’s involved in.

These are potential reasons why Aaron Chen would be motivated to keep Genetec Bhd operational and successful. 😜

Posted by pang72 > 1 week ago | Report Abuse

Tesla good earning, Genetec drop?

So, what else can push up Genetech share price in future?

Nothing, I guess

Posted by shamsulyusoff > 1 week ago | Report Abuse

TQVM Good123

Posted by lsv1977final > 1 week ago | Report Abuse

https://www.bloomberg.com/news/articles/2024-10-24/elon-musk-s-wealth-soars-34-billion-as-tesla-comes-roaring-back?srnd=homepage-asia

Posted by Good123 > 1 week ago | Report Abuse

Dennis Dick, trader at Triple D Trading said. "The story is still in tech, and that story is not going away, I would still say dips in tech need to be bought."

Posted by Good123 > 1 week ago | Report Abuse

Aaron Chen and his associates likely have a vested interest in ensuring that Genetec, a technology-driven company with a focus on automation and Industry 4.0 solutions, does not fail. There are several potential reasons for this commitment:

1. Financial Stakes: Chen and his group may hold significant investments in Genetec, either directly or through related ventures. As shareholders, they would have a strong incentive to protect their capital and see a return on their investment.
2. Strategic Importance: Genetec operates in high-growth sectors such as electric vehicles (EVs) and clean energy. These industries are expected to expand rapidly, and Genetec’s technological capabilities in automation could position it to capture more market share. Failing to support the company during critical periods could mean losing out on the potential upside as these sectors grow.
3. Reputation: For high-profile investors and business leaders like Chen and his associates, a company’s failure can tarnish their reputations. Ensuring the success of Genetec would help maintain their standing as successful business leaders capable of navigating complex business challenges.
4. Business Ecosystem: Genetec’s success or failure could have ripple effects on other businesses that Chen and his partners are involved in, especially if there are synergies between their ventures. Keeping Genetec afloat might help sustain or boost these interconnected interests.

Overall, Chen and his associates would not want to see Genetec fail because it would likely impact their financial, strategic, and reputational interests.

Posted by kl_guy > 1 week ago | Report Abuse

tesla volume grow 20-30% in 2025 according to Elon Musk

Posted by flooi88 > 1 week ago | Report Abuse

tesla grow have related to genetec? ppl keep dump genetec today.

Posted by EVO118 > 1 week ago | Report Abuse

Note, Ford CEO made a podcast comment of chinese EV batteries. The majority of EV manufacturers in China are producing their own in-house batteries, which is why their cars are alot cheaper.
https://www.youtube.com/watch?v=PGx7AyD9okg

Posted by EVO118 > 1 week ago | Report Abuse

EV batteries a dying industry. Pretty soon all EV manufacturers will have to be doing their own in-house batteries, even with the new tarriffs on chinese EVs if they are going to compete with China. It is a technologically growing industry which manufacturers are still coming to grips with. The western countries are already at least 15 years behind the chinese. By the time Malaysia gets into it we will be at least 20 years behind.

Posted by OppenHermes > 1 week ago | Report Abuse

Tesla is doing well ... The contract with Tesla still being postponed ?

Posted by pantor > 1 week ago | Report Abuse

Director buying

Posted by Income > 1 week ago | Report Abuse

What happen?

Posted by calvintaneng > 6 days ago | Report Abuse

DUFU,NOTION, JCY (HDD/SSD) VERSUS TECH GTRONIC, PERTAMA DIGITAL & GENETEC (WHY HDD/SSD ARE SUPERIOR OVER TECH), By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-10-28-story-h472788475-DUFU_NOTION_JCY_HDD_SSD_VERSUS_TECH_GTRONIC_PERTAMA_DIGITAL_GENETEC_WHY_

Posted by Eagle77 > 4 days ago | Report Abuse

Slowly dying ⬇️⬇️⬇️🩸🩸🩸

Posted by Eagle77 > 4 days ago | Report Abuse

Back to 0.50 ⬇️🩸

Posted by Income > 4 days ago | Report Abuse

Eagle, u pompuan datangBulandarah

Posted by Apple2353 > 4 days ago | Report Abuse

@ Income - i think Eagle pompuan. kacau here kacau there. don't hold any shares but open longkang mouth and condemn..

Posted by sniper123 > 4 days ago | Report Abuse

mr Good123 wat happened to ur tulis puisi panjang?? No positive effect lah??? The more u write the more it drop lah???

Posted by NatsukoMishima > 3 days ago | Report Abuse

The king of stock in 2021 !

Posted by Flyinghorse > 3 days ago | Report Abuse

60 sen soon ?

Posted by Good123 > 1 day ago | Report Abuse

Tech stocks fell?😅go for pos malaysia, bjasset, kawan food, dxn lagi mantap😜

Posted by Eagle77 > 1 day ago | Report Abuse

Will drop till 0.50 ⬇️🩸😭

Posted by Eagle77 > 1 day ago | Report Abuse

PN17⁉️😭😭😭

Posted by Eagle77 > 1 day ago | Report Abuse

Turun sampai hancur ⬇️⬇️⬇️☠️🩸

Posted by Eagle77 > 1 day ago | Report Abuse

Overvalued stock ⬇️🩸☠️

Posted by Eagle77 > 1 day ago | Report Abuse

If Trump wins this counter will plunge to 0.30 ⬇️🩸

Posted by Good123 > 1 day ago | Report Abuse

aaron chen fokus pada SEAL kini...😁

Posted by Good123 > 1 day ago | Report Abuse

aaron chen mau seal naik sampai RM2++ macam genetec dulu, pay attention ya guys hehe

Posted by OppenHermes > 1 day ago | Report Abuse

Can consider to buy some when the price hits below NTA

Posted by Eagle77 > 8 hours ago | Report Abuse

Closed shop this company ⬇️⬇️⬇️🩸🩸🩸