Posted by InfinityTifanny > 3 weeks ago | Report Abuse

Restructuring period = Chance of grabbing it cheap

Posted by Dehcomic01 > 3 weeks ago | Report Abuse

Globetronics – can if rediscover its product development mojo?

If you are a tech company, being winners for many years may not be enough to have a sustainable future. Just think of Nokia, Yahoo and Blackberry and you can understand what I mean.

In the Bursa Malaysia context, we are seeing this playing out for Globetronics. The company was founded in the 1990s and for the first 2 decades, it was considered a fundamentally sound stock with good returns. Unfortunately the company experienced declining performance over the past 12 years. Globetronics’ revenue decline is in contrast to the growing revenue from the global semiconductor industry.

Globetronics needs a turnaround. But it is more than improving efficiency or productivity. It is about developing products that will generate good demand when the products come on stream in the next 4 to 5 years. The Group seemed to have been able to do this new product development process a decade ago. Somehow it lost this edge. If it fails to rediscover this product development mojo it will not be an investment opportunity but a value trap.

https://www.youtube.com/watch?v=RGcbaYeEqw4

Posted by kl_guy > 3 weeks ago | Report Abuse

with new CEO and new shareholder is GT still a tech company going forward? Tech company grow bcos of vision and tech savy of the CEO and the management . APB Gang got the quality and capalbility to navigate GT forward ?

Posted by fruitcake > 3 weeks ago | Report Abuse

the likes of SERBADK, CEB, WIDAD, REV, HONGSENG, ASTRO, POS. down & out for eternity

Posted by joyvest > 3 weeks ago | Report Abuse

Nope . There is nothing wrong with the semi conductors business. What goes wrong is that APB and Gang are incompetent and unable to navigate GT forward. Ever since the founders have gone ( their shares were disposed to APB ) , the financial performance of the company has been nosediving.............. Hence its share price is expected to depress in the interim........

Posted by ZaraSheng > 3 weeks ago | Report Abuse

Wont down like serba lah, give them 3-6 months sure can make a comeback

Posted by Plantermen > 3 weeks ago | Report Abuse

In June the price was hammer and traded down from $1.36+ to present current price of 60 sen. 50% of its value spiral down

Posted by BabyBee > 3 weeks ago | Report Abuse

worst is yet to realised ???
any comment ???

Posted by joyvest > 3 weeks ago | Report Abuse

The cheapest has yet to come. The company is destined to be doomed under the hopeless new management

Posted by mywuneng > 3 weeks ago | Report Abuse

Financial year postponed from Dec to next Mar

Posted by joyvest > 3 weeks ago | Report Abuse

The postponement of financial year from Dec to next Mar is a prolonging financial gimmick which is harbinger of further plunge to come. The recent resignation of the incumbent auditor, KPMG has already signalled to us that something is grossly wrong with the integrity of the Management and financial reporting of the company . The said postponement is said to be similar to the tactic adopted by Serba Dynamic ( SD ) which had led them to be delisted and vanished in the market in the end.

Posted by joyvest > 3 weeks ago | Report Abuse

The change of its financial year-end should be a cause for concern . Usually, it suggests that they are trying to buy some time before problems in the business and somethings bad are uncovered.

Posted by findfreedom > 3 weeks ago | Report Abuse

Sound fishy.. my RM1000 in call warrant gone.. LOL

Posted by xiaoeh > 3 weeks ago | Report Abuse

could it be the changed of Auditor caused the delayed?

Posted by joyvest > 3 weeks ago | Report Abuse

The incumbent auditors, KPMG would not resign in their mid term without valid reasons. It is believed that the auditors must have unfolded something really cocked-up to which the Management was reluctant to address and were uncooperative with the view to resolve.

Posted by joyvest > 3 weeks ago | Report Abuse

The said postponement is said to be similar to the prolonging tactic adopted by Serba Dynamic ( SD ). The management of SD was just buying time to defer and delay the release of the financial reports by all means . Why? their agenda could be to exhaust all the resources including cash reserves and otherwise before they exit completely. Some goes to GT . It is believed that the next exodus of EPF and TBH is imminent.

Posted by limch > 3 weeks ago | Report Abuse

If what joyvest claim is true who will benefit? Not APB? Why APB share price keep dropping more? Before she post more can she answer me?

Posted by limch > 3 weeks ago | Report Abuse

QR base on last few years trend please out today if not very bad to silence the critics.

Posted by joyvest > 3 weeks ago | Report Abuse

The change of its financial year-end should be a cause for concern . Usually, it suggests that they are trying to buy some time before problems in the business and somethings bad are uncovered. Given with the time extension , it is believed that the remaining cash reserves would be exhausted and gone with the wind sooner than you and me could imagine.

Posted by joyvest > 3 weeks ago | Report Abuse

APB is dropping is because they have suffered from heavy loss in investment in GT. APB paid for GT at 1.20 per share from the founders but stands at 0.595 per share if not lower now . Ever since APB took over GT, the financial performance of GT has been turning from bad to worse , reflecting the incompetence of the new management.

That fellow, Liaw who is the Executive chairman of GT even dared to claim that the sales are so bad now that they need to place the " deposits" to secure sales and change of dividend policy ( basically no dividend payout is expected ) . It is believed that the placement of deposit to secure sales is just an excuse. It is believed that the cash reserve is used as a disguise forr for other means under their own agenda . It is believed that the " missing cash" is classified as " deposit under other receivables which are believed to be irrecoverable

Posted by Hotstuff > 3 weeks ago | Report Abuse

Kesian joyvest lost so much in here now become angry cant stop attacking. Pity you. Life is great just move on

Posted by newlifenolie > 3 weeks ago | Report Abuse

Just move on guys, this counter will drop more soon. I’m monitor this because Im holding at 1.2 , I want let my heart die

Posted by fruitcake > 3 weeks ago | Report Abuse

chapter closed. do0m eternally

Posted by joyvest > 3 weeks ago | Report Abuse

Whichever counter hotstuff is pissed off ,usually the said counter is destined to be doomed...

Posted by Bursino > 3 weeks ago | Report Abuse

Joyvest: APB paid RM1.20 per share.

Google: APB acquired its 70 million shares in Globetronics for RM140 million or RM2 per share back in February. This was already a premium to the RM1. 50 trading range of Globetronics shares at the time.

More questions than answers?

Posted by Bursino > 3 weeks ago | Report Abuse

I don't own GT shares. I had cut my losses. I smelled rats.

Posted by Raiz368 > 3 weeks ago | Report Abuse

Qtrly rpt to be out by today, if there any positive result will bounce back the price next week.

Posted by fruitcake > 3 weeks ago | Report Abuse

the acquisition is all well planned & there must be a hidden agenda. situation is going to get worse. watchdogs are just sleeping. exit fast before you are bankrupt zero

Posted by joyvest > 3 weeks ago | Report Abuse

It was reported to be 1.20 in one source while 2.00 in another source. In the view of the benefit of doubt , it was taken as 1.20 .If 2.00 is reported as correct , then the loss in investment for APB is even larger ...

Posted by InfinityTifanny > 3 weeks ago | Report Abuse

Kena pressed down today ... I think we will see a great rebound after its Q3 results are announced

Posted by fruitcake > 3 weeks ago | Report Abuse

below 0.50 in no time.

Posted by joyvest > 3 weeks ago | Report Abuse

Upcoming QR is expected to be bad if not worse than that of previous QR. Rebound remains to be doubtful..

Posted by lessthan10k > 3 weeks ago | Report Abuse

market shaky only, once all settle down will climb above 0.70 first - then rocket time

Posted by cK1973 > 3 weeks ago | Report Abuse

below 60....
wait at 50 ka???

Posted by joyvest > 3 weeks ago | Report Abuse

0.70 is in your fantasy....

Posted by fruitcake > 3 weeks ago | Report Abuse

😂😂

Posted by pangolin > 3 weeks ago | Report Abuse

serbak dynamic 2nd version ??

Posted by NatsukoMishima > 3 weeks ago | Report Abuse

Joyvest , what do u think about htpadu , pertama since u are so expert in reading report ?

Posted by calvintaneng > 3 weeks ago | Report Abuse

DUFU,NOTION, JCY (HDD/SSD) VERSUS TECH GTRONIC, PERTAMA DIGITAL & GENETEC (WHY HDD/SSD ARE SUPERIOR OVER TECH), By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-10-28-story-h472788475-DUFU_NOTION_JCY_HDD_SSD_VERSUS_TECH_GTRONIC_PERTAMA_DIGITAL_GENETEC_WHY_

Posted by joyvest > 3 weeks ago | Report Abuse

Htpadu has very low no. of share in issue meaning that it is susceptible to manipulation very easily and subjected to be highly volatile. Hence UMA is a commonplace to them every now and then...

Posted by Vdhawan > 3 weeks ago | Report Abuse

Within Southeast Asia, Malaysia has long played a role as a third-party packaging and testing service provider. More info at: https://theedgemalaysia.com/node/730908

Posted by psychoopomp > 3 weeks ago | Report Abuse

reorganization in progress, price seems like not going down now better wait for grace period to be over

Posted by NatsukoMishima > 3 weeks ago | Report Abuse

Wow , now i know why the new boss cancel dividen pay out , he is smart , all within their expectation , they better use the money to expand ! Really smart , now i m waiting for their sbb to push share price !

Posted by joyvest > 3 weeks ago | Report Abuse

Frankly Speaking: Globetronics’ troubles continue

Posted by joyvest > 3 weeks ago | Report Abuse

KLSE Screener KLSE Screener

Frankly Speaking: Globetronics’ troubles continue
TheEdge Mon, Oct 28, 2024 11:30am - 9 hours



This article first appeared in The Edge Malaysia Weekly on October 28, 2024 - November 3, 2024

The fortunes of Globetronics Technology Bhd (KL:GTRONIC) have changed quite drastically in the last two months.

One of the leading outsourced semiconductor assembly and test companies in the country, it used to boast institutional funds as its largest shareholders, but that is no longer the case.

As at March this year, the Employees Provident Fund and Lembaga Tabung Haji were the Penang-based company’s two largest shareholders, with the pension fund owning 13.3% and Tabung Haji 5.4%. Both funds sold down their shareholdings last month and are no longer substantial shareholders.

The selldown by the funds was reflected in Globetronics’ falling share price, and leaves Ooi Keng Thye and APB Resources Bhd (KL:APB) as the largest shareholders now. Both Ooi and APB Resources emerged as substantial shareholders in February, after buying the stake owned by the family of Ng Kweng Chong.

Apart from losing the institutional shareholders, Globetronics also saw the resignation of two directors, including its CEO, last week.

At the same time, the company has extended its financial year-end by three months to March 31, 2025.

The departure of CEO Heng Charng Yee comes as no surprise as she was part of the previous management under the Ng family. The resignation of Kang Wei Luen, however, was unexpected as he had joined the board only in February, about the time the new substantial shareholders emerged.

As for the change in the financial year-end to March, it is only to be expected as KPMG — Globetronics’ previous auditor — had resigned voluntarily last month. KPMG’s resignation caused a stir as the audit firm had been reappointed just four months earlier in May at the shareholders’ meeting.

Given the change in the financial year-end, Globetronics’ audited accounts will only be due next May, which should give its new auditor ample time to get the work done.

Posted by joyvest > 3 weeks ago | Report Abuse

It speaks all.if you are still delusional,please seek help before you become a psychopath.

Posted by joyvest > 3 weeks ago | Report Abuse

Hopeless counter under the incumbent management now

Posted by NatsukoMishima > 3 weeks ago | Report Abuse

I wonder what u want to say if gtronic already turnaround next year , they have new customers coming ! When the newz out u cant get at below rm 1.50 anymore !

Posted by NatsukoMishima > 3 weeks ago | Report Abuse

In the name of malaysia warren buffet Mr Ooi keng thye , i all in gtronic hold for 3 years !

Posted by newlifenolie > 3 weeks ago | Report Abuse

Ok enough of this drama, i will sell it today