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22-Sep-2023 We like Genetec for their wide moat business of “building the machine that builds the machine”, producing custom-tailored assembly lines for electric vehicle (EV) battery packs and regenerative braking systems for global industry leaders such as Tesla. At an undemanding valuation of 18.2x forward PE, we recommend Genetec as a BUY for its key role in the EV value chain. Malaysia Malaysia Research Team
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