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Genetec Malaysia’s strong business performance spurred greatly by EV and ES segment, CGS-CIMB Research says
Genetec Malaysia’s strong business performance spurred greatly by EV and ES segment, CGS-CIMB Research says Reported on August 8, 2022, Genetec Technology Bhd (GTB)’s stronger net profit growth in the Q1 ending June 30, 2022 (Q1 FY23), has been propelled significantly by a healthy order backlog from its EV and energy storage (ES) segments. CGS-CIMB Research also foresees more robust sales and net profit growth for GTB on a YoY and QoQ basis o...
News Updated at: 2022/08/09
Malaysia Genetec signs MoU with Asia Precision to develop ESS business in Thailand
22, Genetec Technology Bhd had recently entered into a Memorandum of Understanding (MoU) with Asia Precision PCL to collaborate and conduct a feasibility study in relation to the potential development of a factory automation facility for energy storage system (ESS) business in Thailand.According to CGS-CIMB Research, the move is part of Genetec's customer diversification plan, which could lead the company to participate in Thailand's EV ecosystem...
News Updated at: 2022/01/19
Malaysian semiconductors’ sales and net profit projected to grow in 2021 thanks to recovery in automotive demand
Malaysian semiconductors’ sales and net profit projected to grow in 2021 thanks to recovery in automotive demand Reported on January 25, 2021, CGS-CIMB Securities Sdn Bhd forecasts the Malaysian semiconductor sector’s sales and net profit to rise 13% and 39% respectively, in 2021 on the back of higher utilization. The brokerage firm pointed the net profit growth is expected to be propelled by radio-frequency (RF) content growth in 5G network...
News Updated at: 2021/01/28
Trelleborg completes acquisition of tire manufacturer CGS Holding
Trelleborg completes acquisition of tire manufacturer CGS Holding Trelleborg AB has finalized the acquisition of CGS Holding a.s. – a privately-owned company with leading positions in agricultural, industrial and specialty tires as well as engineered polymer solutions. The total cash consideration amounted to approximately SEK 10.9 billion (USD 1.34 billion). CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5...
News Updated at: 2016/05/31
Trelleborg to acquire Czech-based CGS Holding
Trelleborg to acquire Czech-based CGS Holding Trelleborg AB has signed an agreement to acquire CGS Holding a.s. – a privately-owned company with leading positions in agricultural, industrial and specialty tires as well as engineered polymer solutions. The total cash consideration amounts to approximately SEK 10.9 billion (USD 1.25 billion). CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5.6 billion (USD 641 ...
News Updated at: 2015/11/09
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