GTRONIC Technology Bhd (Trading Buy) GTRONIC is a company that develops and manufactures sensors which are used in a multitude of electronic products, such as mobile devices, personal computers and GPS systems.
The group is poised to benefit from its: (i) latest product commercialisation with a German client, and (ii) expansion of factory space (+30k sq ft) which is targeted to be completed by Aug / Sep 2021.
YoY, the group’s revenue has increased to RM227.5m (+5.1% YoY) in FY20 due to higher volume loadings of key sensors. Meanwhile, its net income increased to RM50.8m (+13% YoY) given the better operational efficiency achieved.
Fundamentally, consensus is forecasting GTRONIC to make net income of RM67.7m (+33% YoY) in FY21 and RM77.8m (+15% YoY) in FY22, which translates to forward PERs of 26.7x and 23.2x, respectively.
Chart-wise, the stock has been treading between the key support levels of RM2.57-RM3.05 since August last year. With the stock recently tested its key support level at RM2.57, which subsequently saw the RSI forming higher highs and the bullish MACD crossover, we thus expect the stock to rebound and head north.
Our key resistance levels are set at RM3.00 (R1; +11% upside potential) and RM3.10 (R2; +15% upside potential).
The group is poised to benefit from its: (i) latest product commercialisation with a German client, and (ii) expansion of factory space (+30k sq ft) which is targeted to be completed by Aug / Sep 2021.
Globetronics sets up RM50m cloud-based platform to integrate Industry 4.0 into supply chain
(theedgemarkets.com / April 21, 2021 13:12 pm +08)
KUALA LUMPUR (April 21): Miniaturised optical sensors manufacturer Globetronics Technology Bhd has established a cutting-edge, cloud-based platform through the adoption of Industry 4.0 processes into their high-volume mass production operations at a cost of RM50.2 million.
According to a joint statement issued by the company and the Malaysian Investment Development Authority (MIDA), Globetronics will incorporate Artificial Intelligence (AI), big data analytics and extended reality (AR + VR) into its end-to-end intelligent supply chain and manufacturing which enables higher levels of customisation, shorter cycle times and superior quality traceability for a diversified product portfolio and dynamic customer needs.
“In line with the government’s aspiration to spearhead rapid digital transformation in the manufacturing sector, Globetronics’ expansion will pave the way for enhancement in productivity, job creation and deepening the Malaysians skill set by leveraging on cutting-edge technology and emerging AI capabilities,” said MIDA chief executive officer Arham Abdul Rahman.
“The introduction of Industry4WRD policy served as a strategic direction for Malaysia to fully embrace Industry 4.0, including smart manufacturing and smart cities, smart grids, as well as smart solutions. While digitalisation is the antidote for business survival and growth in innovation-led value creation, Globetronics’ Industry 4.0 adoption will complement the electrical and electronics industry by producing advanced semiconductor photonic products through the utilisation of autonomous robots and smart manufacturing,” he added.
The new platform will prepare for the next-generation semiconductor wafer-level packaging technology, including the 2.5D, where the stacking of dies will be replaced by flip-chip on a silicon interposer.
At noon break, Globetronics’ share prices fell by 7.33% or 20 sen to RM2.53, while its market capitalisation is at RM1.7 billion.
The group is poised to benefit from its: (i) latest product commercialisation with a German client, and (ii) expansion of factory space (+30k sq ft) which is targeted to be completed by Aug / Sep 2021.
Globetronics sets up RM50m cloud-based platform to integrate Industry 4.0 into supply chain
(theedgemarkets.com / April 21, 2021 13:12 pm +08)
KUALA LUMPUR (April 21): Miniaturised optical sensors manufacturer Globetronics Technology Bhd has established a cutting-edge, cloud-based platform through the adoption of Industry 4.0 processes into their high-volume mass production operations at a cost of RM50.2 million.
According to a joint statement issued by the company and the Malaysian Investment Development Authority (MIDA), Globetronics will incorporate Artificial Intelligence (AI), big data analytics and extended reality (AR + VR) into its end-to-end intelligent supply chain and manufacturing which enables higher levels of customisation, shorter cycle times and superior quality traceability for a diversified product portfolio and dynamic customer needs.
“In line with the government’s aspiration to spearhead rapid digital transformation in the manufacturing sector, Globetronics’ expansion will pave the way for enhancement in productivity, job creation and deepening the Malaysians skill set by leveraging on cutting-edge technology and emerging AI capabilities,” said MIDA chief executive officer Arham Abdul Rahman.
“The introduction of Industry4WRD policy served as a strategic direction for Malaysia to fully embrace Industry 4.0, including smart manufacturing and smart cities, smart grids, as well as smart solutions. While digitalisation is the antidote for business survival and growth in innovation-led value creation, Globetronics’ Industry 4.0 adoption will complement the electrical and electronics industry by producing advanced semiconductor photonic products through the utilisation of autonomous robots and smart manufacturing,” he added.
The new platform will prepare for the next-generation semiconductor wafer-level packaging technology, including the 2.5D, where the stacking of dies will be replaced by flip-chip on a silicon interposer.
At noon break, Globetronics’ share prices fell by 7.33% or 20 sen to RM2.53, while its market capitalisation is at RM1.7 billion.
Globetronics Technology Bhd (Trading Buy) • GTRONIC is a company that develops and manufactures sensors which are used in a multitude of electronic products, such as mobile devices, personal computers and GPS systems.
• The group is poised to benefit from its: (i) latest product commercialisation with a German client, and (ii) expansion of factory space (+30k sq ft) which is targeted to be completed by Aug / Sep 2021.
• YoY, the group’s revenue has increased to RM227.5m (+5.1% YoY) in FY20 due to higher volume loadings of key sensors. Meanwhile, its net income increased to RM50.8m (+13% YoY) given the better operational efficiency achieved.
• Fundamentally, consensus is forecasting GTRONIC to make net income of RM67.7m (+33% YoY) in FY21 and RM77.8m (+15% YoY) in FY22, which translates to forward PERs of 26.7x and 23.2x, respectively.
• Chart-wise, the stock has been treading between the key support levels of RM2.57-RM3.05 since August last year. With the stock recently tested its key support level at RM2.57, which subsequently saw the RSI forming higher highs and the bullish MACD crossover, we thus expect the stock to rebound and head north.
• Our key resistance levels are set at RM3.00 (R1; +11% upside potential) and RM3.10 (R2; +15% upside potential).
• Meanwhile, our stop loss is pegged at RM2.40 (-11% downside risk).
Source: Kenanga Research - 26 Mar 2
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SuperPanda
11,431 posts
Posted by SuperPanda > 2021-03-09 11:34 | Report Abuse
collect too this morning 2.62, average 2.8, still good price looking forward