Sell? Are you shareholder of GTronic? If you are then why don't you sell at 5.25 last Friday if you have an opinion to sell GTronic at 4.44 just 1 trading day different.
Globetronics Fresh guidance from management. 1Q16 operating profit will be down 30+% due to weak demand from Heptagon as end customer rationalize their inventory. 2Q16 outlook for the proximity sensor also does not look good (10m units per month or below from 13m units per month in 1Q16); management doesn't discount that there could be a new competitor producing the proximity sensor or a design out (meaning a new sensor replacing the proximity sensor). As for the 3D imaging sensor, adoption in 2016 model now seems unlikely with low volume forecast by client. 2017 adoption is more likely according to Heptagon. Globetronics is one of the street's top pick with consensus earnings now at risk. Our forecast is on the lower range at MYR93m but still there is downside risk of about 30-40% should proximity sensor volume falls to 10m per month going forward and zero adoption of 3D imaging sensor. 1Q16 results will be released tomorrow. Share price has already started to react to this.
bsngpg ask your friend to ask Gtronic boss to suspend Gtronic and answer UMA first.
Posted by bsngpg > Apr 25, 2016 09:05 PM | Report Abuse My friend is neighbor of one of the boss. The boss has high personal integrity in the eye of the neighborhood.
No directors sold any shares so far before the latest QR result is out. A rumour mentioned its factory in Penang was on fire which is not true after checking. The boss would not leak any bad news to others normally. So I think this is also a rumour.
No so good Q1 and Q2 FY16 have been forecasted and widely talked about in the market for long. Therefore it is not a big surprise until affecting share price to have s sharp fall today.
If want to speculate, I would speculate foreign funds sell off heavily to cash in RM and exchange it to USD in the forecast that RM is to strengthen further plus the weakening semi-con. I am speculating only.
USD 3.9 now or 1st qtr 2016(coming QR) around 4.0-4.40 mean Gtronic will report forex gain YOY against 2015.
bsngpg If want to speculate, I would speculate foreign funds sell off heavily to cash in RM and exchange it to USD in the forecast that RM is to strengthen further plus the weakening semi-con. I am speculating only.
i will only repeat this once for the sake of all retail investors (I don't hold Gtronic). QR results will be out today, expected to be poor but that's not the reason for the selldown. Real reason is their sensors order have been delayed and volumes have been cut significantly (10-50%). this is real change in their fundamentals and earnings visibility. u can expect analysts to cut their TP significantly in their next report. Big fund managers have received the news yesterday morning. DO NOT catch the knive until the storm has calmed. please repost if u wish to pass on d message.
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....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2016-04-25 18:58 | Report Abuse
http://klse.i3investor.com/blogs/kianweiaritcles/95426.jsp
is good to have a second opinion...not all are smooth sailing...