EPF reduced holding from 9% to 6% solely because of a research report portraying negative outlook in the EV market PRIOR to Trump's victory. 80% of Genetec business is in the US. US and Canada both placed tariffs on chinese EVs. Tesla sales will be up again in 2025 and they source their supplies from Genetec. Ini kalilah! ✅💰💥🚀 TP : 1.50

Revenue and PAT (in RM):
FY20: 80m | -1m
FY21: 97m | -4.2m
FY22: 290m | 75m
FY23: 241m | 49m
FY24: 347m | 86m

9.8 P/E ratio vs. 36.7 peers P/E (source: AskEdge)

Stock has good fundamentals and is fudging cheap - watch it fly to Mars

CIMB Securities recommended BUY with target price of RM1.50 - The Edge November paper

410,000 shares purchased by EMPLOYEES PROVIDENT FUND BOARD on 06-Nov-2024. Other GLCs will soon join in, they always make purchases together - long Genetec 💰✅

Expect Genetec to supply to Proton and Perodua EVs late next year. BUY NOW. Target price: RM2.12, with 200% potential upside. Fundamentals are looking great, low P/E ratio means it's undervalued

Trump just won election - good friend of Elon. EV sales in America will skyrocket. Genetec will skyrocket to the moon. Short-sellers will pay :)