Genetec Technology Berhad

Titan Trading Notes For Thursday [6/2/2025]:

KLCI had a decent rebound back towards the 1574 points region with an overall positive market sentiment today as we resumed our rebound from the day before here. Daily trading volume saw a decent surge back towards the 2.8 billion mark, which isn't too bad, but not great yet.

Main stocks that showed strong buying momentum would be the likes of GAMUDA, MYEG, NATGATE, YTL, AUMAS, YTLPOWR, CBHB, SIMEPROP, VELESTO, SUPERMX, SALUTE, ASIAPLY, and MAHSING. All of which were able to sustain their rallies throughout the day on the top volumes list.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) was definitely one of the star performers today as it was able to breakout strong all the way towards the RM 0.96+ regions with huge volume here as gold prices hit new highs.

So far looking quite strong and this came after a 3 month long consolidation-retracement phase all the way back towards the RM 0.755+ main support levels on the daily chart. Seems to have formed its higher low already and looks ripe for an uptrend continuation pattern.

Will be monitoring AUMAS closely here. Old name of AUMAS is BAHVEST for those who didn't know.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand was able to resume its rebound and broke out back towards the RM 4.40+ regions with good volume and buying momentum today on the daily charts.

Since retesting its RM 3.95 main support levels earlier last week, been able to rebound strongly without much selling pressure yet. For now as long as able to keep this up, could trend back towards the RM 4.75+ major resistance levels soon.

Will be monitoring GAMUDA closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since breaking out from its RM 1.47+ EMA 200 main resistance levels on the daily chart, been able to hold quite well above it over the past week here despite the shaky sentiment.

Today, it was even able to breakout towards the RM 1.56 regions with good volume and buying momentum. This says alot about its strength here, and could be on track to a full recovery on the coming months back towards the RM 2+ regions soon if able to keep this up.

Will be monitoring GENETEC closely here

Titan Trading Notes For Tuesday [4/2/2025]:

KLCI closed back red around the 1553 points region with an overall mixed market sentiment as we still saw over 580 counters closing red for the day. Daily trading volume remains low around the 2 billion mark with foreign funds still selling.

Main stocks that showed strong buying momentum would be the likes of SUPERMX, MAG, TOPGLOV, KOPI, GAMUDA, IJM, HARTA, SCGBHD, CTOS, RL, and JFTECH. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

Following US's tariffs on China, $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) had a huge breakout all the way towards the RM 1.23+ regions with huge volume and buying momentum today as it has a high exposure in the US market and likely will benefit from this.

Definitely the main star for the day here and as long as able to hold above its RM 1.18+ immediate support, could continue to trend up towards the RM 1.30+ major resistance levels soon in the coming few days.

Will be monitoring SUPERMX closely as it's leading the glove sector.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) on the other hand also had a decent breakout back towards the RM 1.25 regions with good volume and buying momentum here following US tariffs on China gloves.

So far looking quite strong her and as long as able to hold above its RM 1.20 immediate support on the daily chart, could trend back up towards and beyond the RM 1.30+ major resistance levels soon.

Will be monitoring TOPGLOV closely as expecting gloves to be the main theme in the coming weeks.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing back towards its RM 1.38+ main support levels last week, been able to hold well and rebounded back towards the RM 1.53 regions today with good volume despite the mixed market sentiment.

Now looking quite healthy and on track to recovery here. As long as able to hold above its EMA 200 support of RM 1.47, could continue to trend back up towards the RM 1.80+ regions soon in the coming weeks for further recovery.

Will be monitoring GENETEC closely

Titan Trading Notes For Monday [27/1/2025]:

KLCI retraced back towards the 1573 points region during last Friday with an overall negative market sentiment as we saw over 650 counters closing red along with it. Daily trading volume settled around the 3 billion mark, which is still decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, CORAZA, RL, SRIDGE, CIMB, and MAYBANK. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.87+ main support levels over the past 2 weeks, been able to rebound quite well on the daily chart here, hovering around its RM 0.96+ regions with good volume.

For now as long as able to sustain above its RM 0.945+ immediate support, could continue to trend back up towards the RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) n the other hand was definitely one of the star performers on Friday as it managed to breakout from its RM 0.625+ major resistance and rallied all the way towards the RM 0.675 regions with huge volume and buying momentum despite the weak market sentiment.

For now looking strong despite facing some selling pressure above the RM 0.65+ major resistance. As long as able to keep this up, could continue to trend back up towards the RM 0.70+ major resistance levels soon.

Will be monitoring CORAZA closely.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing back towards the RM 1.25+ main support levels over the past few weeks, been able to form a solid base here and broke out all the way towards the RM 1.50+ regions with good volume over the past week here.

So far looking quite bullish and as long as able to hold above its RM 1.40+ main support levels on the daily chart, could continue to trend back up towards the RM 1.80+ major resistance levels soon in the coming weeks.

Will be monitoring GENETEC closely here.

Titan Weekend Chart Reviews

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)

Overall still uptrend here and looking good as able to breakout strong from its RM 1.50+ major resistance levels.

So far looking quite strong and if able to keep this up, could breakout towards the RM 1.80+ regions soon in the coming weeks.

Support: RM 1.50, RM 1.40 areas
Resistance: RM 1.60, RM 1.65, RM 1.70 areas

Titan Trading Notes For Monday [20/1/2025]:

KLCI had a decent rebound back towards the 1566 points region with an overall positive market sentiment as the market as a whole started to rebound from the past week of rigorous selling activities. Daily trading volume settled around the 3.1 billion mark, which is pretty decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, YTL, SUNWAY, YTLPOWR, ARMADA, IJM, JCY, SUNCON, MNHLDG, TENAGA, DNEX, UEMS, and PBBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since retracing all the way back towards the RM 4+ major support levels over the past week, been able to sustain the selling pressure and rebounded back towards the RM 4.20 regions with good volume and buying momentum.

For now showing signs of a potential rebound here. As long as able to hold above its RM 4.05+ immediate support levels, could bounce back towards the RM 4.40+ major resistance levels soon in the coming week.

Will be monitoring SUNWAY closely here as looks ripe for a potential rebound.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing all the way towards the RM 3.65+ main support levels on Friday, was able to rebound back strong towards the RM 3.90 regions on the daily chart here on the same day.

This is a strong sign that it's reached its bottom already after 1-2 weeks of continuous heavy selling activities. As long as able to keep this up, could trend back up towards its RM 4.20 - RM 4.40+ major resistance levels soon in the coming weeks.

Will be monitoring YTLPOWR closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand since breaking out towards the RM 1.50+ regions, been retracing over the past 2 weeks here back towards the RM 1.25+ main support levels and was able to bounce back well towards the RM 1.39 regions on Friday.

so far seems to have formed its higher low regions already and as long as able to sustain above its RM 1.33+ immediate support, could trend back up towards the RM 1.50+ major resistance levels soon for an uptrend continuation pattern soon.

Will be monitoring GENETEC closely here.

Titan Weekend Chart Reviews

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)

Potential rounding bottom trend reversal signal here if able to sustain above its RM 1.30+ main support levels.

For now will be testing its RM 1.50 crucial EMA 200 resistance levels on the daily chart soon. If able to breakout strong from it, expecting a short-mid term uptrend at least.

Support: RM 1.30 area
Resistance: RM 1.40, RM 1.50, RM 1.58 areas

Titan Weekend Chart Reviews

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)

Had a strong breakout from its RM 1.20+ major resistance and rallied towards the RM 1.37 regions with good volume and buying momentum here.

Seems to be ripe for an uptrend continuation pattern here. If able to keep this up, could continue on towards the RM 1.50+ regions soon in the coming weeks.

Support: RM 1.30, RM 1.25, RM 1.22 areas
Resistance: RM 1.37, RM 1.40, RM 1.45 areas

Titan Trading Notes For Thursday [26/12/2024]:

KLCI had a slightly rebound back towards the 1602 points region with an overall positive market sentiment on Tuesday before we have our Christmas holiday. Daily trading volume however remains low around the 2 billion mark, looks like the market is also on holiday mood here.

Main stocks that showed strong buying momentum would be the likes of GENETEC, WINSTAR, VANZO, JCY, LWSABAH, TANCO, DIALOG, GENM, CAPITALA, NOTION, GTRONIC, RL, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since consolidating over the past few weeks here, was able to breakout strong from its RM 1.25+ major symmetrical triangle resistance levels with huge volume, rallying all the way towards the RM 1.36 regions on Tuesday here.

Although it still faced some selling pressure above the RM 1.30+ regions, its closing price of RM 1.30 was still a pretty good sign here. As long as able to sustain above its RM 1.25 immediate support, could continue to trend back up for a strong uptrend continuation pattern.

Will be monitoring GENETEC closely.

$LWSABAH / 5328 (LIFE WATER BERHAD) ince consolidating over the past month here, was able to breakout strong from its RM 0.885 major resistance and rallied all the way towards the RM 0.93+ regions with huge volume and buying momentum on Tuesday.

For now looking quite strong here and looks quite ripe for a potential uptrend continuation. As long as able to sustain above its RM 0.915+ immediate support levels, could continue on towards and beyond the RM 0.955+ major resistance levels soon.

Will be monitoring LWSABAH closely here.

$UWC / 5292 (UWC BERHAD) although was met with some selling pressure which saw the stock retrace towards the RM 3.16+ levels earlier in the morning. However, was able to withstand the selling pressure and even rebounded back towards the RM 3.25 regions with good volume towards closing

Looking very strong here for UWC since breaking out from its RM 2.90 major resistance levels over the past week. For now as long as able to sustain, could trend up towards the RM 3.40 - RM 3.50 major resistance before we see a pullback.

Will be monitoring UWC here.

Titan Trading Notes For Tuesday [24/12/2024]:

KLCI had a slight rebound back towards the 1596 points region with an overall mixed market sentiment as we still saw over 540 counters closing red for the day. Daily trading volume also saw a dip back towards the 2.3 billion mark, which is 1 billion lesser than last Friday, not a good sign.

Main stocks that showed strong buying momentum would be the likes of WINSTAR, TOPGLOV, SUPERMX, JFTECH, GENM, CAPITALA, PBBANK, SCABLE, TANCO, GENETEC, JTGROUP, and GENTING. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$WINSTAR / 0336 (WINSTAR CAPITAL BERHAD) was definitely the star performer today as it managed to breakout all the way towards the RM 0.615 regions with huge volume and buying momentum, forming a new all time high here despite the mixed market sentiment.

So far still looking very strong here and as long as able to sustain above its RM 0.59 immediate support levels, could trend up towards and beyond its RM 0.615 all time high levels for a bullish continuation pattern.

Will be monitoring WINSTAR closely here.

$JFTECH / 0146 (JF TECHNOLOGY BERHAD) on the other hand since breaking out from its RM 0.60+ major resistance levels earlier this month, been trending upwards strongly with good volume and buying momentum.

Today, it was even able to breakout towards the RM 0.87 regions with huge volume despite the mixed market sentiment. Although faced some selling pressure which saw it retrace back towards the RM 0.82 regions, overall still looking quite bullish here.

As long as able to hold above its RM 0.79+ immediate support, could continue on this uptrend wave here. Will be monitoring JFTECH closely.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand since retracing back towards its RM 1.18 support levels last week, been able to rebound strong back towards the RM 1.24 regions today with good volume and buying momentum.

Now trading towards the end of its triangle consolidation pattern here already and if able to keep this up, could breakout from its RM 1.25 major resistance levels and trend back up towards the RM 1.34 major resistance levels soon.

Will be monitoring GENETEC closely

Titan Weekend Chart Reviews

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)

Since breaking out towards the RM 1.34 local high levels, been consolidating over the past month here within a triangle pattern.

For now as long as able to hold above its RM 1.15+ support, could breakout from its RM 1.25+ major resistance levels and start trending back up towards the RM 1.30+ regions soon.

Support: RM 1.15, RM 1.10 areas
Resistance: RM 1.20, RM 1.24, RM 1.30 areas

Titan Weekend Chart Reviews

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)

Overall still consolidating here within a symmetrical triangle pattern on the hourly charts without much volume yet.

For now as long as able to hold above its RM 1.20 support, could trend back up towards the RM 1.30+ major resistance levels soon.

Support: RM 1.25, RM 1.20 areas
Resistance: RM 1.30, RM 1.34 areas

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)
Research by CGSI

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)
Research Report by CGSI

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)

sharing from remisier

GENETEC 1QFY25 briefing keytakes (Zoom)

*Date: 27 Nov 2024*

*Management: KW Chin (MD), KH, Chua*

*Key takeaways*

- 1QFY25 revenue RM40.2m, -22% qoq, 5QFY24, due to delay by end customer.
- GPM of 18.2% closely in line with 5Q’s quantum. Cost management in place – reduced overall travelling costs and repair maintenance costs.
- PBTM -3.9ppts to 10.9% while PATAMI -7.7ppts to 11.9%
- EV at 97% at RM39m, electronics 3%
- Anticipate EV & energy and Electronics to continuing drive up orders
- The worst of US presidential election uncertainty is behind the group.
- Book orders to improve from here
- Group cash balance at RM124m, low gearing of <0.1x
- Proposed disposal of 51% in CLT Engineering – disposal of 6.2m shares for cash of RM21.6m. Gain on disposal of RM0.3m,
- Rationale behind the disposal: Declining revenue and unsatisfactory finance performance, and to realise the value of investment in CLT and focuses its resources to relatively higher profitability. Completion expected by Mar25.

*Business development and outlook*

- Period of uncertainty is behind the group
- Projects that have put on hold previously, have now resumed
- Received a lot of RFQ and RFP on tight deadline. Busy submitting proposals.
- Future is promising on the showcase of self-driving vehicles.
- German clients have also shared its 2025 roadmap to the group.
- North America and Europe clients to drive growth i.e. Cybercab to be launched in 2026.
- The group has successfully unlocked various segments with its clients i.e. manufacturing processes, vehicle assembly for major electronic components for EV and European clients.
- Orderbook stands at RM204m with 80:20 – North America:European. Expect orderbook to strengthen.
- BESS beginning to gain traction, and got shortlisted with a few MY players.
- Seeing new interest in BESS to tie with solar under CRESS for corp clients in DC. Management has high conviction that it will win orders here.
- Deferred orders are catching up.
- Cautiously optimistic to mid-to-LT prospects.

*Q&A*

- During last Q briefing, management guided that the pipelines remain resilient, just a timing issue instead of cancellation. And now with the uncertainty went passed, management expect deferred orders to catch up.
- EV and energy segments will continue to be the main drivers for the group.
- Demand for manufacturing automation solution will grow.
- Priority is to retain clients, deepens involvement, broaden client base. Manufacturing processes, assembly for major electronic components.
- European is the leader for the EV + hybrid cars with >160 production locations across 30 countries
- Optimistic on the EV market, seeing a strong push towards expediting EV roadmaps.
- Fast and furious quarters ahead to catch up on the deferred orders
- Forex – there will be natural hedging in place on top of hedging.
- Expansion progressing as planned.
- Outlook on its BESS – gaining traction and building track record. Potentially recurring orders from its international clients. Gaining interest in pairing BESS with Solar under CRESS.
- The proposed disposal is purely on streamlining operations and to focus better on growth. And this should not affect its operations. Cash proceeds will be used for future funding and working cap.
- Getting into new areas of existing clients, car assembly + EV components.
- Genetec will be the key beneficiary on the new EV regulations push through.

Titan Trading Notes For Tuesday [26/11/2024]:

$KLCI had a slight rebound back towards the 1597 points region with an overall positive market sentiment today as our overall market started to rebound well. Daily trading volume settled around the 3 billion mark, which is a slight improvement from last week.

Main stocks that showed strong buying momentum would be the likes of CIMB, PBBANK, YTL, GENETEC, YNHPROP, ARMADA, YTLPOWR, AMBANK, TANCO, 3REN, METRO, INARI, SIMEPROP, HAWK, and SFPTECH. All of which were able to sustain their rallies throughout the day on the top volumes list.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) after consolidating over the past 2 weeks with RM 0.80+ as the main support levels, was able to breakout strong towards the RM 0.87+ regions with huge volume and buying momentum today.

For now looking quite strong here and as long as able to sustain above its RM 0.85+ immediate support levels, could breakout from its RM 0.92+ major resistance levels to trend up further soon.

Will be monitoring GENETEC closely here as seems to be rebounding quite strongly here.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) on the other hand since breaking out from its RM 0.52+ major resistance levels last week, was able to sustain and rallied all the way towards the RM 0.63+ regions with huge volume and buying momentum today.

For now looking very bullish here and as long as able to sustain above its RM 0.59+ immediate support levels, could trend back towards the RM 0.65 - RM 0.70+ major resistance levels soon.

Will be monitoring YNHPROP closely here as something big could be brewing behind the scenes. The volume doesn't look normal.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since announcing its good QR results last week, had been slowly inching upwards and was able to close on its intraday high of RM 0.38 today with good volume and buying momentum.

Seems to be breaking out from its cup and handle pattern here on the daily chart. As long as able to keep this up, could breakout from its RM 0.39 all time high levels and start trending upward strongly soon.

Will be monitoring PLYTEC closely here

Titan Trading Notes For Thursday [7/11/2024]:

$KLCI was able to rebound back towards the 1634 points region with an overall bullish market sentiment today as President Trump won the elections. Daily trading volume soared back towards the 3.3 billion mark, which is a pretty decent sign here.

Main stocks that showed strong buying momentum would be the likes of 3REN, GENETEC, CEB, TOPGLOV, MYEG, JCY, GTRONIC, VS, CREST, BAHVEST, YTL, NICE, VTC, NOTION, AIMFLEX, CAREPLS, EKOVEST, INARI, PERTAMA, JPG, NATGATE, CYPARK, SUNWAY, 99SMART, and SNS. All of which were able to sustain their rallies throughout the day on the top volumes list.

Market today was flying in general, running multiple themes at once, with technology leading the way, followed by the healthcare and construction sectors.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing all the way towards the RM 0.68+ support levels yesterday, was definitely the main star performer for today as it broke out and rallied all the way towards the RM 0.95 regions with huge volume and buying momentum.

This rally was most likely fueled by President Donald Trump's win in the elections today as GENETEC supplies parts to TESLA, who's owner Elon Musk is a huge supporter of Donald Trump.

I doubt GENETEC's earnings will see improvements in the near future just because of this, so just be more cautious when trading it on a breakout. Will definitely be monitoring GENETEC as Trump-Elon related stocks have been surging quite high worldwide.

$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand also had a huge breakout from its RM 0.96+ main downtrend resistance levels on the daily chart, rallying all the way towards the RM 1.10+ regions today with huge volume.

This came after consolidating over the past few months with RM 0.85+ as the main support levels. For now looking quite strong here and as long as able to hold above its RM 1.04+ support, could continue on towards and beyond the RM 1.20 major resistance levels soon.

That said, we do have to factor in that this week will likely see QR releases for NOTION. I expect to see some forex losses as the Ringgit had strengthened too much from the USD over the past few months, so will likely reflect on Q4 2024. Have to factor this in when trading it.

$KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) since breaking out from its RM 2.15+ main downtrend resistance levels yesterday, had been able to sustain the buying momentum and broke out all the way towards the RM 2.30++ regions with huge volume and buying momentum today.

So far looking quite strong here and as long as able to hold above its RM 2.20+ immediate support levels on the daily chart, could continue on towards and beyond the RM 2.40+ major resistance levels soon.

Titan Trading Notes For Friday [20/9/2024]:

$KLCI had a decent breakout towards the 1665 points region today with an overall positive market sentiment. Daily trading volume also managed to clinch back up towards the 3.9 billion mark, which is a positive sign.

Main stocks that showed strong buying momentum would be the likes of GTRONIC, GENETEC, CEB, 99SMART, MRCB, LHI, YTL, JCY, SUNWAY, SIMEPROP, MALAKOF, CAPITALA, NOTION, and YTLPOWR. All of which were able to sustain their rallies throughout the day on the top volumes list.

$GTRONIC / 7022 (GLOBETRONICS TECHNOLOGY BERHAD) was definitely one of the best performers today as it was able to breakout strong towards the RM 0.63 regions today with huge volume and buying momentum.

This came after weeks of consolidation with RM 0.52+ as the main support levels. For now looking quite strong here and as long a sable to sustain above its RM 0.585 immediate support, could continue to rebound further towards the RM 0.66+ major resistance levels.

Will be monitoring GTRONIC closely as it looks quite ripe for a stronger rebound here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand was also able to breakout strong from its RM 0.93 major downtrend resistance and rallied all the way towards the RM 0.97 levels with good volume and buying momentum.

So far looking quite strong here and as long as able to sustain above its RM 0.88 - RM 0.90 main support levels, could continue on towards the RM 1+ regions for a further rebound.

Will be monitoring GENETEC closely here as it had been consolidating over the past 2 weeks with RM 0.80+ as the main support level already.

$99SMART / 5326 (99 SPEED MART RETAIL HOLDINGS BERHAD) after consolidating over the past week with RM 1.85+ as the main support and RM 1.90 as the main resistance, was able to breakout strong and rally all the way towards the RM 1.97 levels, forming a new high here.

For now looking quite strong here for a potential uptrend wave. As long as able to sustain above its RM 1.92 immediate support, could continue on towards and beyond the RM 2+ regions soon.

Will be monitoring 99SMART closely here.

Titan Trading Notes For Tuesday [17/9/2024]:

$KLCI had a decent rebound back towards the 1652 points region with an overall positive market sentiment as the market started to rebound from the past week of selling activities. Daily trading volume however merely settled around the 2.8 billion mark, which isn't so great yet.

Main stocks that showed strong buying momentum would be the likes of GENETEC, WCT, CIMB, MRCB, CEB, YTL, PBBANK, EKOVEST, SIMEPROP, SPSETIA, YTLPOWR, TANCO, GDEX, PERDANA, and UEMS. All of which were able to sustain their rallies throughout the day on the top volumes list.

$WCT / 9679 (WCT HOLDINGS BERHAD) after retracing back towards the RM 0.92+ major support levels, was able to rebound strong all the way back towards the RM 1.04 main downtrend resistance levels with huge volume during last Friday.

Since breaking out towards the RM 1.30+ regions, WCT had been retracing over the past 1-2 months here and is still on a downtrend. However, it is showing some signs of recovery here and if able to sustain above its RM 0.97 immediate support, could breakout from its RM 1.04+ main downtrend resistance for a potential new uptrend once more.

Will be monitoring WCT closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) despite breaking below its RM 1+ major support levels, had actually been suffering from further selling pressure, retracing all the way back towards the RM 0.80+ major support levels over the past week.

On Friday, it was finally able to have a decent rebound, breaking out back towards the RM 0.89 regions with good volume. However, it was still met with some selling pressure which saw the stock close back towards the RM 0.86 regions.

Have to monitor GENETEC closely to see if it's able to breakout from its RM 0.90+ major resistance levels or not for a further breakout.

$SIMEPROP / 5288 (SIME DARBY PROPERTY BERHAD) on the other hand after retracing and consolidating with RM 1.26+ as the main support over the past few months, had formed its higher low base already and started to breakout back towards the RM 1.45+ regions during last Friday with good volume and buying momentum.

So far showing very healthy and positive signs for an uptrend continuation pattern here. As long as able to sustain above its RM 1.40+ immediate support, could continue on to trend up towards the RM 1.70 regions once more in the coming weeks.

Will be monitoring SIMEPROP closely here.

Titan Trading Notes For Tuesday [3/9/2024]:

$KLSE-KLCI had a brief retracement back towards the 1678 points region with an overall positive market sentiment as our market started to rebound from the bloodbath over the past few weeks. Daily trading volume settled around the 3.2 billion mark, which is just average.

Main stocks that showed strong buying momentum would be the likes of MRCB, NOTION, GENETEC, CEB, EKOVEST, CIMB, SPSETIA, JCY, TANCO, VTC, NCT, YTL, FFB, YTLPOWR, and IWCITY. All of which were able to sustain their rallies throughout the day on the top volumes list.

$NOTION / 0083 (NOTION VTEC BERHAD) definitely stole the spotlight today after being able to gap up at RM 0.985 and rallied all the way towards the RM 1.18 regions with huge volume and buying momentum during the morning session.

Although it faced some selling pressure and saw it close back towards the RM 1.13 regions, its still looking quite strong for a technical rebound here. As long as able to sustain above its RM 1.07 immediate support, could continue on towards and beyond the RM 1.20++ regions soon.

Will be monitoring NOTION closely. May be too early to decide if it's on a total trend reversal yet, but this rebound sure is strong and long awaited after its huge selling spree over the past month.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand was also able to rebound quite well back towards the RM 1.10+ regions with huge volume and buying momentum. Although it did face some selling pressure, its closing price of RM 1.07 was still not too bad.

In terms of technical rebounds after a huge sell off, it's still trailing behind NOTION but if able to sustain above its RM 1.05 immediate support, could breakout from its RM 1.11+ main downtrend resistance for a larger rebound soon.

Will be monitoring GENETEC closely here.

Although $CEB / 5311 (CAPE EMS BERHAD) was able to breakout briefly back towards the RM 0.38 regions with decent buying volume, it still is facing some selling pressure which saw the stock close back towards the RM 0.37 regions.

Seems to still be lacking the buying momentum it needs to breakthrough from the RM 0.40++ regions and go for a further rebound here. But as long as the support around RM 0.37 is able to hold, could still expect a breakout to come anytime.

Will be monitoring CEB closely.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD)
Research by CGS
Add - TP RM3.00

"Signs of order slowdown in 5QFY24"

■ 5QFY6/24 core net profit fell 37% yoy due to weaker revenues related to EV customers as orders decelerated. 15MFY24 profits were a slight miss.
■ We expect further revenue decline in 1HFY25F and a recovery from 3QFY25F onwards as policy overhang dissipates.
■ Reiterate Add with a GGM-based TP of RM3.00. Recent sell-down appears overdone to us. Valuation at 14.1x FY25F P/E looks attractive to us.

Analyst:
Shafiq KADIR
shafiq.abkadir@cgsi.com
Dharmini THURAISINGAM
dharmini@cgsi.com

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIESGENETEC TECHNOLOGY BERHAD ("GENETEC" OR "COMPANY")

PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN IN THE FORM OF AN EMPLOYEES SHARE GRANT SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES' OF GENETEC AND ITS SUBSIDIARIES ("PROPOSED LTIP")

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - MADAM ONG PHOE BE

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD

Genetec Technology Bhd, whose share price has rallied by over 24% since the start of May, offers good growth at reasonable valuations, says CGS International (CGSI) Research.