At Monday's closing share price of RM46.70, Genetec's shares were trading at a price-earnings ratio of 48.2 times. This would mean that Genetec's shares are being valued at roughly 28 times at the closing share price of RM46.70. For the six months ended Sept 30, 2021, its net profit soared to RM24.49 million from RM549,000 previously. The company said that the bonus issue could encourage greater participation and broaden its shareholder base while potentially improving trading liquidity of Genetec shares on Bursa Malaysia. Based on the five-day volume weighted average price (VWAP) and the lowest three-month daily VWAP of Genetec shares up to Oct 15, the theoretical ex-bonus price of Genetec shares is expected to be between RM1.32 and RM3.28.
