GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.655

Today's Change

-0.035 (5.07%)

Day's Change

0.65 - 0.705

Trading Volume

18,560,300


17 people like this.

8,259 comment(s). Last comment by DickyMe 11 hours ago

Bursino

294 posts

Posted by Bursino > 2 weeks ago | Report Abuse

There isn't any shareholder with more than 12% shareholding in the company.

hng33

20,318 posts

Posted by hng33 > 2 weeks ago | Report Abuse

Locked profit first is also learn that Gtronic management and board director have change to syndicate liked to SCIB as same director have seen appointed on Fed 2024 and are now control Gtronic board.

fortunefire

1,490 posts

Posted by fortunefire > 2 weeks ago | Report Abuse

up trend? think this week will sway up and down, sideway...

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

How about EPF other tech stocks eg VS or SKP Resources also have?

Bursino

Strange? Are there representatives from EPF in the Board? How come a substantial shareholder who has more shares than APB not in the Board?

8 minutes ago

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

EPF buy more today also possible. Gtronic still the cheapest among EPF tech stocks.

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Why APB loss so many money 200mil paper loss. How to earn this money.

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

>RM 1 EPF bought before why not buy more <60 sen logic?

joyvest

10,417 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Thats why I am saying it is very insensible of the BOD to resort to this end. The BOD is believed to be fishy

Bursino

294 posts

Posted by Bursino > 2 weeks ago | Report Abuse

these appeared as planned operations. did the operators readied themselves with "computer simulations" and already know the expected outcome, it just cannot be a random exercise! ah..... speculators are dead meat.

speakup

26,813 posts

Posted by speakup > 2 weeks ago | Report Abuse

Many uncles aunties pakcik makcik are new Long Term Investors of Gtronic

hng33

20,318 posts

Posted by hng33 > 2 weeks ago | Report Abuse

EPF will ease to be shareholder as it have cut down stake from 13% to current level 5.2%, will soon announcement will be make in bursa.

Take note, EPF have commence selling Gtronic ever since APB emerge as shareholder which in turn control Gtrinic board and management. These group of director are link to scandal serbak and trouble SCIB.

Just check latest Gtronic annual report and its newly form board director and management team, all of them are from SCIB and previous Serba group, you will notice why EPF keep selloff

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

APB get trouble now. No money

Bursino

294 posts

Posted by Bursino > 2 weeks ago | Report Abuse

there are no news on Boardroom disagreements/tussels. no news on hostile takeover. so the logical thinking process - there maybe chefs dishing out dishes not to the liking of the visiting tasters. anyway thanks to all the inputs.

hng33

20,318 posts

Posted by hng33 > 2 weeks ago | Report Abuse

Very soon these group of new syndicate director will siphon out cash in Gtronic

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Ng Kweng Chong(founder some1 said) why cannot buy back?

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Ng Kweng Chong knows about Gtronic >30 years unlike APB < 1 year.

Bursino

294 posts

Posted by Bursino > 2 weeks ago | Report Abuse

any news on asset stripping by the new management?

paulthesotong

2,770 posts

Posted by paulthesotong > 2 weeks ago | Report Abuse

Ooi Keng Thye Who"s?

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Who trap >70, 80 sen please call Ng Kweng Chong if he still don't know Gtronic news.

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

If Edge news true now no 1 shareholder not APB.

paulthesotong

Ooi Keng Thye Who"s?

19 seconds ago

paulthesotong

2,770 posts

Posted by paulthesotong > 2 weeks ago | Report Abuse

yeah 11.4%.

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Other shareholders of Globetronics include Ooi Keng Thye with a 11.39% stake, Lembaga Tabung Haji with 5.36%, and the Employees Provident Fund, whose stake has been reduced to 5.28% at the time of writing, from 13.26% at end-March.
https://theedgemalaysia.com/node/726185

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Ooi Keng Thye is no 1 not APB haha.

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Who buy high like APB at RM 2 is not good.

SCM2023

95 posts

Posted by SCM2023 > 2 weeks ago | Report Abuse

I recently heard that KPMG has been auditing this company for 7-8 years, so is a common practice. Regulatory frameworks like the Malaysian Code on Corporate Governance (MCCG) often advocate for auditor rotation after a set period to ensure independence and prevent familiarity between the auditor and the client. Typically, audit partners are required to rotate every 5 to 7 years, which can lead to changes at the firm level.

slts

2,235 posts

Posted by slts > 2 weeks ago | Report Abuse

ppl here like to here pasar malam news

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

So is common practise(to change auditor) not trouble like Serba many mentioned?

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Who spread fake(pasar malam) news belong to 90% who lose in stock market.

Apple2353

1,927 posts

Posted by Apple2353 > 2 weeks ago | Report Abuse

a lot of SKL in i3.. do your own research..

Posted by InfinityTifanny > 2 weeks ago | Report Abuse

Better chill. Gtronic still has RM144 mil in cash and bank balances. It won't be like Serba case (high debt + high trade receivable)

alex

1,349 posts

Posted by alex > 2 weeks ago | Report Abuse

@hng33,
u changed your mind very fast ah...
everytime u buy in said good, once rebound immediately sell off, then says bad :)

fregend

561 posts

Posted by fregend > 2 weeks ago | Report Abuse

alex he is contra trader just looking for nasi lemak lunch

Ryanlim83

19 posts

Posted by Ryanlim83 > 2 weeks ago | Report Abuse

Gtronic management not giving any updates will cause share price to fall further

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Don't shout east shout west. I m loser

Posted by zerosumplayer > 2 weeks ago | Report Abuse

When the company was being run by ex-owner, the cash flow generated from operations has been consistently on the the positive side despite going through several downturns. The moment the ownership changes hand, you can see the the cash flows from operations turn negative quickly in the last 2 qr report due to sudden large changes in trade and receivables in a magnitute of XX millions. They are stipping millions in cash from the company to offer credit line to which "client" i wonder? And the management shares no insights on this in their qr report. Fund managers auditor would freakout seeing this kinda modus operandi....

Posted by Jonathan Keung > 2 weeks ago | Report Abuse

Time to bottom fish. Stock price was pressure by shorties after company auditor { KMPG} offer their resignation voluntary. Price dropped like a bomb after the news announcement. Technically prices have now consolidated. Can do some intra day trading.

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Price drop..who is selling?

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Now rebound who is buying?

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

Market is bad today yet Gtronic can rebound plus no 1 volume.

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

CEB(some1 compare with GT) has CEO Ms Tee selling at 30+ sen but Ooi Keng Thye not selling how to be like CEB?

limch

3,184 posts

Posted by limch > 2 weeks ago | Report Abuse

If want to compare with CEB Ng Kweng Chong(ex-owner) is smarter then Ms Tee selling at RM 2(almost peak) unlike Ms Tee sell near bottom so which company you prefer?

fregend

561 posts

Posted by fregend > 2 weeks ago | Report Abuse

chill lah guys if drop 0.50 i sure sapu but looks like discount is over

ocbc

1,115 posts

Posted by ocbc > 2 weeks ago | Report Abuse

force selling for sure. Major shareholder all take loan from bank too.

pang72

50,956 posts

Posted by pang72 > 2 weeks ago | Report Abuse

Many condemn me critic CEB while 45c...today CEB 33c
Likewise, gtronic at 57c....... Today...

This is CEB2. 0 la

pang72

50,956 posts

Posted by pang72 > 2 weeks ago | Report Abuse

If you don't want to burn kuku...
Avoild those dishonest company

zoizai

1,476 posts

Posted by zoizai > 2 weeks ago | Report Abuse

Shoplot auditor changed to another more shoplot auditor ? Hahahahaha

Ggtronic 😆

Posted by Sweetchocalates > 2 weeks ago | Report Abuse

It’s shoplot auditor changed to *mickey mouse* auditor

Vdhawan

227 posts

Posted by Vdhawan > 2 weeks ago | Report Abuse

Need to wait for further announcement regarding next auditor. Hopefully it's not mickey mouse 😅

ocbc

1,115 posts

Posted by ocbc > 2 weeks ago | Report Abuse

if follow Sebak styles, will announce unable to report on time

OMGstock

40 posts

Posted by OMGstock > 2 weeks ago | Report Abuse

Next auditor is UHY

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