Equity Analysis /
Malaysia

MY : Genetec Technology Bhd - Riding on Thailand’s EV ecosystem growth

    Walter Aw
    Walter Aw

    Research Analyst

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    CGS-CIMB
    11 January 2022
    Published byCGS-CIMB

    Genetec entered into an MOU with APCS for a potential JV development of a factory automation facility for energy storage systems business in Thailand. This is an exciting opportunity for Genetec to participate in the growing EV ecosystem in Thailand and diversify its exposure beyond existing customers. Reiterate Add with an unchanged RM4.15 TP.