MIRACLE BULL RUN- GENETEC (0104)

Dear Readers, welcome back to “The Huat Project”. We would like to dedicate this article to one of the Best Stock in KLSE- GENETEC (0104). We believe most retailers think that it has already gone up too much and the story will end soon, However do take 5 minutes of your time to read this article to find out more about GENETEC (0104) and why we think the Music has just started  !

GENETEC (0104) needs no introduction. From June 2021 until today, it has been a Multibagger stock, and will continue to be a multibagger in 2022.
 

1. Quarter Result

Recently, the Super Power Quarter Result was released by GENETEC (0104). The QoQ doubled while YoY was greater by 5 times !


 

GENETEC (0104)’s management is very positive on their outlook/prospect ! GENETEC(0104) will be riding hard on the back of the EV-Themed bull along With TESLA which recently reached a new high!


 

With TESLA’s recent new order from HERTZ of 100,000 new unit, https://www.bloomberg.com/news/articles/2021-10-25/hertz-said-to-order-100-000-teslas-in-car-rental-market-shake-up

potentially GENETEC(0104) Earning growth will exceed expectation ! This is because 

GENETEC(0104) has positioned themselves in a very strategic position in the supply chain of the Electric Vehicle !! As production of EV increases, Earning Growth of GENETEC(0104) will increase proportionally as well ! 

2. https://www.theedgemarkets.com/article/genetec-2q-net-profit-soars-sixfold-rm163m-proposes-12forone-bonus-issue

The management is very kind and considerate to ensure that Malaysian’s can get to ride together on the Worldwide BULL: EV-Theme.

GENETEC (0104) proposed a 1:12 bonus issue to improve liquidity of the stock and also to lower its stock price instead of a RM50, it will now cost only RM3.85 to own a GENETEC share. Many good companies with low liquidity have taken this route and we observed after the bonus exercise, with Growing Fundamentals, the share price will also continue to rise !

3. Technically GENETEC(0104) is a superb stock as there is little to no resistance. 

GENETEC(0104) is currently trading at RM46.50 and is poised for a breakout to RM50 and ultimately RM70. With a support of RM40, the risk reward ratio is conservatively 3.6 times.

Also not forgetting TESLA recently hit a new high ,


 

How will GENETEC(0104) share price goes on moving forward?

4. Conclusion

We strongly believe that GENETEC (0104) is a good investing candidate and not for trading due to low liquidity. Backed by strong earning growth, bonus issue, and of utmost importance, riding on the back of a Super Bull : Electric Vehicle Global Growth, we believe that GENETEC(0104) will excel even more in future !
 

What will you do? 

DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.