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Genetec's directors had on Nov 11 approved the change of financial year end from March 31 to June 30. As such, the current financial year will cover a period of 15 months from April 1, 2023 to June 30, 2024, and thereafter to the last day of June each year.
Winson is correct that glove counters are overvalue based on historical PE even during the other pandemic like SARS and H1N1. Large companies like TG and Harta trades between 40-50 and smaller counterparts between 30-40. Forward PE will begin to normalise when the curve of the pandemic tips to recovery. It’s good for young traders to take more risk and allocated higher PE but knowing the pandemic will not last forever and putting a right PE post pandemic is equally important
