23.07.2021
The Minority Shareholders Watch Group is now on Twitter. The presence at Twitter is the first step for us to create strong social media presence and engage with our stakeholders more effectively. Do follow MSWG’s Twitter account at @MSWGMalaysia and share your thought on our tweets from time to time.
Genetec’s astronomical share price spike - ‘So, what gives’?
Riding on the electric vehicle (EV) hype, ACE-Market listed Genetec Technology Berhad had seen its share price soaring to the all-time high of RM19.46 on 13 July, before retreating and closing at RM18.72 on 22 July.
The recent uptrend in Genetec started in early June when it was traded around RM3.70 per share. Then on 17 June, the company announced that it had secured RM47.9 million worth of contracts related to EV and battery segment (RM42.5 million) as well as hard disk drive, electronics, and semiconductor industries (RM5.4 million).
