Posted by joyvest > 3 weeks ago | Report Abuse

No way they can turn it around with the incumbent incompetent management who are basically authoritarian. It can be inferred from the way they are handling the critical matters. Judging from the circumstances surrounding the company, TP is said to be 0.40 if not lower....

Posted by joyvest > 3 weeks ago | Report Abuse

This counter has lost its shine ever since the original founders have departed. Sorry to say , the incumbent management is incompetent to be unable to spear the company ahead. Facilities are believed to be outdated but the new management is said to be lackadaisical to upgrade them as they are not willing to utilise the cash reserves . It is believed that the said reserves would be utilised in accordance to their own agenda.

Posted by InfinityTifanny > 3 weeks ago | Report Abuse

joyest keeps repeating his comments like a broken disc already😆 He is afraid that Gtronic will make some progress

Posted by joyvest > 3 weeks ago | Report Abuse

I am not afraid at all. The very fact is that they are unable to progress but regress. No matter how I reiterate, some people are still delusional and very pathetic...

Posted by joyvest > 3 weeks ago | Report Abuse

TP is said to be 0.40 if not lower...

Posted by findfreedom > 3 weeks ago | Report Abuse

Feel that joyvest is not merely a disappointed investor. He is aggressively persuade how bad the current management is. 就好像爱的反面就是恨 lol

Posted by joyvest > 3 weeks ago | Report Abuse

It is the fact that the incumbent management is not up to expectation. Nothing more and nothing less. I am sure many investors feel not only disappointed but despaired with this interim Management. This counter is destined to be doomed and abandoned by investors

Posted by fruitcake > 3 weeks ago | Report Abuse

new day new low. GREAT! DONT STOP & KEEP ROLLING

Posted by joyvest > 3 weeks ago | Report Abuse

The cheapest has yet to come ...........

Posted by joyvest > 3 weeks ago | Report Abuse

Their recent move to change their financial year-end to May , next year should be a cause for concern. Usually, it suggests that they are trying to buy some time before problems in the business are uncovered.

If the company is due to be audited for the past financial year but the management try to delay this by lengthening the accounting period, this is usually viewed as an attempt to sort out " issues " that will be found during the audit. It is believed that the ''issues" already highlighted by the incumbent Auditors,KPMG who have abruptly resigned before the expiry of their engagement.

It is also believed that the company has something to hide and a deal is about to be struck, extending the accounting period can hide this information from the other party. This would be served as an alert / pre-warning to the creditors .

In these kinds of situations, creditors should constantly keep an eye on these developments and be seeking reassurances from the business – or taking precautions against any worst-case scenarios. The earlier they can be aware of changes in accounting periods, the better.

Judging from the circumstances surrounding the company, the share price is expected to be doomed

Posted by beluga > 3 weeks ago | Report Abuse

So.. the founder manage to divest all their stakes of 10% at RM2 per share...and pocketed RM140 million in cash. Just in time before all this drama (auditor resigned, EPF jump ship, etc ) started.. and the shares tanked to RM0.55 CEO then also jump ship. How brilliant. The founder whom must be laughing all the way to the bank with RM140 million cash must be awarded the greatest investor in Malaysia in 2024. The timing is very spot on isn't it? Can someone shed some light in this? And the rest of the shareholders are left to lick their wound.

Posted by cheap1 > 3 weeks ago | Report Abuse

TQ those selling. Manage to buy today 55-55.5 sen.

Posted by joyvest > 3 weeks ago | Report Abuse

Yes, the founders are laughing all the way to the Bank. The founders must have said to themselves that they are indispensable and the company can not sustain without them .

The moral of this story is that the Management of the company is very very important. The efficient Management will steer the company from one height to another height while the bad ones will surely take you to the hell of suffering from level 1 to level 18 . Apparently , the interim management is said to be incompetent and are useless. Just take for example, how could one of the Top Management , who is a professional CA could let the incident happen where the incumbent auditors, KPMG resigned before the expiry of their engagement which is said to be insidious of no return ??

Posted by joyvest > 3 weeks ago | Report Abuse

As said, the cheapest has yet to come. 0.55 is not the cheapest yet

Posted by xiaoeh > 2 weeks ago | Report Abuse

may i know at what price Joyvest might consider buying even if Gtronic at status quo?

Posted by joyvest > 2 weeks ago | Report Abuse

Gt is not as efficient as before under the interim management . As long as they are in the management, you can basically forget about it

Posted by xiaoeh > 2 weeks ago | Report Abuse

Noted and Thanks Joyvest

Posted by gloveshapiro > 2 weeks ago | Report Abuse

Few more month for gtronic, just queue 0.50-0.55 & aim for short term

Posted by Raiz368 > 2 weeks ago | Report Abuse

Maybank call to HOLD and target price at 1.17

Posted by joyvest > 2 weeks ago | Report Abuse

If you believe in them,you believe in everything..

Posted by Bursino > 2 weeks ago | Report Abuse

always keep in mind, the people who are license to make calls DON'T have take responsibilities for their calls.

Posted by joyvest > 2 weeks ago | Report Abuse

Exactly , they have different agenda in mind...... dont fall into their trap of so called " advice "

Posted by fruitcake > 2 weeks ago | Report Abuse

the like of these stocks that will never return: notion, revenue, gpacket, ceb (lady driver),widad, hongseng, astro, pos & the list continues...oh the related APB

Posted by joyvest > 2 weeks ago | Report Abuse

APB can basically be written off from now. It will not be long before it turns into a penny stock

Posted by kjstk1234 > 2 weeks ago | Report Abuse

HOH : ~3.00 (Jan21)
75% : ~ 2.275 (~Dec17, Aug18)
50% : ~1.546 (~Nov23)
25% : ~0.817 (~Sep24)
12.5% : ~0.364
6% : 0.182
LOL : ~0.088 (Mar09)

Posted by InfinityTifanny > 2 weeks ago | Report Abuse

MSIA will save this OSAT company, no worries
https://www.bernama.com/en/business/news.php/news.php?id=2354117

Posted by kjstk1234 > 2 weeks ago | Report Abuse

Prominent OSAT companies in Malaysia include:
1. Inari Amertron Berhad – Focuses on RF and optoelectronic components,
serving clients in wireless communication and sensor markets.

2. Malaysian Pacific Industries (MPI) – Engages in packaging and testing solutions
and supplies lead-frames for semiconductor manufacturing.
MPI serves various industries, including automotive and industrial electronics.

3. Unisem Berhad – Provides comprehensive semiconductor packaging and
test solutions, offering services for multiple industries, including IoT
and automotive markets.

4. Carsem – A long-established OSAT provider specializing in IC packaging
services and testing, particularly for the automotive and
telecommunications sectors.

5. Globetronics Technology Berhad – Primarily involved in the manufacturing of
semiconductor components and sensors, offering specialized services for
IC packaging and assembly.

6. KESM Industries Berhad – Specializes in burn-in and testing services,
particularly for automotive semiconductor components.

Posted by joyvest > 2 weeks ago | Report Abuse

GT used to be one under the old management , Ng and parties ( Founders ) .Ever since the founders departed, the financial performance and prospects are nose diving fast and furious .The current bunch of management is said to be incompetent as evident in a series of recent saga . It is strongly believed that they are unable to restore the company needless to mention to steer the company ....

Posted by Jack888 > 2 weeks ago | Report Abuse

0.52 lower low price ?

Posted by joyvest > 2 weeks ago | Report Abuse

Nope, the lowest has yet to come. TP is expected to be 0.40 if not lower.............

Posted by KimSua > 2 weeks ago | Report Abuse

Will wait at low 0.4 ex interlier founder family sold out. Now ex interlier known for operation excellent to helm the sinking ship

Posted by Learner68 > 2 weeks ago | Report Abuse

Just wondering if other OSATs are interested to buy GT at this price. A big discount compared to APB purchase price @2.00.

Posted by Bryson > 2 weeks ago | Report Abuse

many ppl waiting lower price but nobody know what is the lowest price, maybe around 0.50 is the cheapest

Posted by joyvest > 2 weeks ago | Report Abuse

TP is expected to be 0.40 if not lower. No prospective buyers are said to be keen to buy GT as whoever taking over must pump in a lot of money to upgrade the outdated facilities

Posted by geary > 2 weeks ago | Report Abuse

joyvest
TP is expected to be 0.40 if not lower. No prospective buyers are said to be keen to buy GT as whoever taking over must pump in a lot of money to upgrade the outdated facilities
19 hours ago.

Sales/Profits... already decreased by #62%...since 2014. That's why dividend also decreased. Plus share price also go down. Plus this fishy cash& equivalent...reclassification of "deposit"!...below...Net-Nets...@0.32/share... probably so...but if next quarter another #60M "missing"... How 🤞🤷

Posted by jacklee0128 > 2 weeks ago | Report Abuse

Guys, I'm as a follower in this community for so long, and this is my first time to put comment here. I have bought the Globetronics at 0.764, but it's dropped to 0.520 now. Could I know that what should I do now? This is horrible for my investment journey as I'm only a newbie. I'm lost.

Could I know HOLD or SELL?

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Is this your extra money ? If yes just hold for mid term , if not u should not play stock game !

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Joyvest , i curious to see what u will say if gtronic success turnaround n back to rm 1.50 !

Posted by jacklee0128 > 2 weeks ago | Report Abuse

Yes, it can consider as my extra money. I just followed you and saw your previous comment for the Globetronics. Most of them are positive. Thanks NatsukoMishima, I'll hold it and let's see the further.

Posted by fortunefire > 2 weeks ago | Report Abuse

broken 0.5 and all the way to 0.4x

Posted by joyvest > 2 weeks ago | Report Abuse

Yes , it is on the verge of plummeting to 1st TP of 0.40 if not lower than that .....................

Posted by joyvest > 2 weeks ago | Report Abuse

I am sorry for this counter. When it is commendable, it will be praised and vice versa . When this counter has lost its shine due to the current incompetent management , it is going no where other than plummeting with the obvious reason....

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

The business dropped after CEO son took over and spending like no tomorrow at pubs. Lol

Posted by joyvest > 2 weeks ago | Report Abuse

It is expected that another round of exodus of EPF and LTH is imminent any moment from now.................

Posted by joyvest > 2 weeks ago | Report Abuse

Founders and parties including daughters and sons have all departed , leaving the company to bleed fast and furious. It is a matter of time to become a penny stock....

Posted by fortunefire > 2 weeks ago | Report Abuse

the family has booked first class flight to travel in Hawaii

Posted by joyvest > 2 weeks ago | Report Abuse

It is unsustainable as the support is overwhelmed by constant selling pressures.. Investors see no future prospects for this counter under the half past six management. It is very imprudent and unprofessional of the management to allow the resignation of their incumbent auditors , KPMG take place in the middle of their engagement . What was the so called Professional CA doing ? He , as a shareholder and director , should have known better of the negative insidious consequences as a result of such silly resolution . I am sure you know whom I am referring to..........

Posted by Learner68 > 2 weeks ago | Report Abuse

I think the fact now is the big sharks like the pessimistic in this forum + tag along with the overnight poor Wall Street performance... to push it down to make the gain. In my opinion, the market should have already adjusted once/twice on those old stories as mentioned many times. Furthermore, it jumped back to 0.80 after hitting its first lowest points few week back - typical of dumb and pump. Do not spread again on those old stories, please.

Posted by fortunefire > 2 weeks ago | Report Abuse

think the company will not have additional business in the near future and the existing clients are placing lesser and lesser orders

Posted by Bursino > 2 weeks ago | Report Abuse

Get ready extra funds for rights issue. Or be prepared for the dilution of existing shareholdings as it is inevitable the company will have to raise funds.