PETALING JAYA: Genetec Technology Bhd
has seen a recent pullback in its share price mainly due to growing concerns over moderating electric vehicle (EV) demand, triggered most recently by US-based car rental company Hertz scaling back on EVs.
However, CGS-CIMB Research believes that this is a good buying opportunity, with catalysts from strong order wins from the company’s EV and auto customers and demand surge for its battery energy storage systems (BESS) solutions.
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