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Many detailer waiting 4th QR out to push up. Now up side down. So, all throwing like waterfall. I will treat this as normal trend. As long as company has potential then just keep it for long term.
Trade Receivable and subsequent collection :
• Ageing as at 31 March 2022
• Subsequent collections
• Projection collections up to June 2022
RM 155.1 mil
RM 26.0 mil
RM 30.0 mil
Trade Receivable as of 31-Mar-22 = RM155M
Cash Collection after 31-Mar-22 = RM26M
June 22 Collection = RM30M
Q3 22 Collection = RM80M
GENETEC finance team can monitor & trace the collection from customer's payment web portal. The money will come in by the time come.
Genetec's Banker get ready RM300m trade facility to finance the upcoming order book. No issue on cash flow. Bank is happy to accept Customer T & Customer Z PO for the facility.
i do believe payment will receive in the soonest of time. we not sure their ev customers t&c but when talking about automation/machine/system which imvolving debugging, troubleshooting, module coupling and many stage as well as commissioning. somemore covid may delay the progress also. Not like pasar malam, upon receive your goods, then you will settle full payment immediately.