Genetec - A baby step

Revving Up Opportunities: Genetec's EV Stock Correction Unveils a Hidden Gem in the Market!

Genetec A baby step
Publish date: Mon, 22 Jan 2024, 02:22 PM
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CIMB's analysis suggests that Genetec's recent share price correction can be attributed to apprehensions regarding a potential slowdown in

the electric vehicle (EV) sector. 

After conducting a scenario analysis on EV revenue growth assumptions, CIMB have determined that current valuations may be overly discounting a significant reduction in orders.

Despite these concerns, CIMB maintain a positive outlook and recommend BUY with an unchanged target price of RM3.60.

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