Wednesday, December 21, 2011

Genetec shares edge up on new orders

Larger Smaller Reset KUALA LUMPUR (Dec 21): Shares of machine design specialist Genetec TECHNOLOGY [] Bhd rose on Wednesday after it secured RM13.1 million in orders from the hard-disk drive sector, increasing the company's total order to about RM20.7 million.

At 9.20am, Genetec added four sen to 24 sen with 40,000 shares traded.

Genetec's executive chairman Ron Ortscheid said this was significant as the new orders are 'indicative of the recovery in the HDD sector following the Thailand flood a few months ago'.

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