If you are looking for market-beating returns, then it could be worth considering the ASX All Ords share in this article.
That's because Bell Potter believes it has the potential to deliver outsized returns over the next 12 months.
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Which ASX All Ords share?
The share that Bell Potter is bullish on is GenusPlus Group Ltd (ASX: GNP).
It is a service provider to mining, utilities, and other private customers who have needs across electrical plant and equipment, power, and telecommunications infrastructure.
Bell Potter has been running the rule over the ASX All Ords share and likes what it sees. It believes the company has the potential to deliver revenue growth well ahead of expectations in FY 2027 based on its current orderbook. The broker said:
Deconstruction of GNP's current orderbook of ~$2.5b (includes the recent $110m Koolunga BESS contract award), the expectation of expanding recurring revenue and forecast sales from recent acquisitions indicates that the company could deliver revenue growth of 27.9% in FY27 (vs BPe 17.7% and consensus 14.8%).
The variance with BPe and consensus expectations suggests major upgrade potential in the short-term. The caveat is that unexpected project delays may extend this upside into FY28. Strong conversion of the company's $2.6b tender pipeline (at end of CY25) would drive incremental upside to our forecasts.
It also highlights that there is potential for some major contract awards in the near term, which it believes could be a catalyst for driving its shares higher. It adds:
GNP is tendering on three large scale transmission projects: the Hunter Transmission Project; the Gippsland Offshore Wind Transmission Project; and the New England REZ Transmission Project (Stage 1). Announcement of preferred contractors for each project is expected in CY26, representing significant catalysts. Given the capital costs of these projects, GNP's share of contract award could be consistent with the HumeLink East work package (~$350m) or greater.
Buy rating reaffirmed
According to the note, the broker has reaffirmed its buy rating on the ASX All Ords share with an improved price target of $10.50 (from $9.50).
Based on its current share price of $9.10, this implies potential upside of 15% for investors over the next 12 months.
Commenting on its buy recommendation, the broker said:
GNP is a key beneficiary of Australia's decarbonisation and electrification ambitions which is currently driving significant investment in renewable energy generation, storage and transmission infrastructure development. GNP's financial flexibility allows the company to maintain an aggressive approach to inorganic growth.
