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EPF already made tons of money. They are the ones driving GENETEC price up ATH. Then they dump what they have and keep the ones that they dont mind loosing. GENETEC's ED is not MBA guy. He is just an old school technical man. EPF found out what GENETEC has been hiding.
Their Quarterly Report is not worth reading. Its like cut & paste report. Then there's Annual Report. Not like any other compnies annual report, GENETEC has no photographs of their BoD & Key Personnel. Its very unusual. Its like they are making a nuclear centrifuge for IRAN or something just like SOSMA did in 1990s during Abdullah Badawi's time.
There you have it!! Its a gone case. GENETEC has no money. The guy who runs the company like any other E&E and OSAT companies, they are all not that bright.
I am packing my bags and move to other FBM70 stocks.
FYI
Prospects
The Energy Commission is not just planning but is already implementing BESS. It is a direct response to the need for a stable electricity supply as Malaysia increases its reliance on solar power. The awards for 200MW of new BESS projects, as reported in The Star, The Edge, Bernama, and Utusan Malaysia, are the strongest proof of this commitment.
TNB has installed and is operating 100 MWh of BESS at several substations across Peninsular Malaysia (e.g., Kerteh, Tiram, Jelebu).
The government's target is to have 500 MW of BESS capacity by 2030.
We know Genetec has a partner in making Battery Storage, BESS by the name Citaglobal. Citaglobal also owned by Sultan Pahang. We dont know for sure who bought up Genetec which caused this rebound. There is currently Competitive Bidding for Battery Energy Storage System (BESS) going on. Suruhanjaya Tenaga also issued RFQ for New Generation Capacity 2025 to 2029 for Peninsular Malaysia.
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