KUALA LUMPUR: Shares in Genetec Technology Bhd
rose to its highest in five months in early trade Friday after securing new orders worth RM47.9mil.
The counter rose 2.98%, or 15 sen to RM5.18, its highest since mid March 2021. So far this year it has risen some 199%.
Genetec said the new secured orders are from the existing customers who are global players in the segments of electric vehicle and battery (RM42.5mil), and hard disk drive, electronics and semiconductor (RM5.4mil).
It said the tenure of each project normally ranges from three to nine months depending on the size of order and time frame specified by customers.
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