KUALA LUMPUR (June 24): Investors reacted positively to news that Genetec Technology Bhd had bagged RM27.3 million worth of orders, with its share price rising as much as 12.5% to 18 sen in morning trading.

The counter was one of the top 10 most traded stocks on Bursa Malaysia, with over 17.72 million shares done.

Yesterday, Genetec (fundamental: 0.8; valuation: 0.3) said it had bagged RM25.3 million worth of jobs from the electronics, semiconductor and hard disk drive industry, some RM1.7 million from the automotive industry and RM300,000 from other industries.

Genetec said the tenure of the contracts range from three to nine months, depending on the size of order and scope of work.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)