GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.525

Today's Change

-0.005 (0.94%)

Day's Change

0.515 - 0.535

Trading Volume

5,797,900


17 people like this.

8,699 comment(s). Last comment by newlifenolie 4 hours ago

Posted by biggerdick > 2016-05-10 22:13 | Report Abuse

yes yes....u really shld buy more......buy more guys!... haha haha

HengLiang

319 posts

Posted by HengLiang > 2016-05-11 01:05 | Report Abuse

tomoro might come back to hit 3.90

Good_News

601 posts

Posted by Good_News > 2016-05-11 01:31 | Report Abuse

EPF bought 1.6838 million shares on 9/5/16.
http://klse.i3investor.com/servlets/stk/annchsh/7022.jsp

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-11 06:30 | Report Abuse

Dow +222 ....gtronic will be up today..someone cleared the offer abt 200k @ 3.31 during trading at last

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-11 06:31 | Report Abuse

Will hit rm3.9 but not today..Mayb 3.5

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-11 06:33 | Report Abuse

By next week it may hit rm4..there will be new contract announcing soon..good news

CUTLOST

5,178 posts

Posted by CUTLOST > 2016-05-11 07:05 | Report Abuse

Still overvalue

cashonhand

577 posts

Posted by cashonhand > 2016-05-11 09:15 | Report Abuse

just wait and see who's are right....haha!!

gusheng

624 posts

Posted by gusheng > 2016-05-11 10:12 | Report Abuse

buy at below 3

wikioon

196 posts

Posted by wikioon > 2016-05-11 10:58 | Report Abuse

Everyone is entitled to comment, but who you choose to believe at least base it on facts. All those that scream buy/sell most of them are baseless claims.

Fact: Research house has continuously state that 2H2016 is the recovery period for the semi con (meaning when numbers come in, its about Sept/Oct). Next quarter has no doubt you will see similar if not worse performance. Once the ex-date for the dividend passed, usually all stocks will almost see a selldown, think about this fact yourself. Especially with EPF and shareholders all holding these bullets.

Fact: Gtronic revenue has dropped 70% compared to last quarter, price target for its share price has all dropped by ~45%. Its share price only dropped 35% so far. The downside risk in the coming months is far greater than any upside. Combined with the current economy of Malaysia, do you see anyone investing in a slowdown sector this year. Sentiment is already bad.

Does that mean gtronic won't rebound and reach its highs? Absolutely not. it has already invested about rm50m in capex which should provide them good earnings, in 2017-2018. That's when we will see the pickup. What's the outlook in 2016 - expect to see further drop until 2.80 (which is about 45% matching the drop in target price). Then we see a trend higher.

Posted by I_like_dividend > 2016-05-11 11:57 | Report Abuse

Doesn't make sense. If going to be worse why boss Ng Kweng Chong doesn't know? Why he buy instead of selling?

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-11 14:31 | Report Abuse

there are many reason for selling, need cash, raise funds etc..but the only reason for insider buying is they see value in the company

wikioon

196 posts

Posted by wikioon > 2016-05-11 15:25 | Report Abuse

Don't be naive, they are the owners and executives of the company. If they don't support their own company, who's gonna instill confidence in the company. There are two reasons why they are accumulating 1) they want their share of the dividend that's upcoming and this price point is attractive for them to start buying considering they sold down few weeks ago 2) they want to defend the share price which if they don't it will plunge down even further, thus valuing the rest of their holdings even less

the difference between public n the owners is that they hold a long term view of the company. to me, gtronic plans is good but risky (betting highly on 3d imaging sensors) but all this are long term. will this share plunge lower? yes. will this share reach back the highs of 2013/14? maybe (in a 5 year cycle maybe)

Junichiro

2,063 posts

Posted by Junichiro > 2016-05-11 16:12 | Report Abuse

The cost of the shares to the owners if they have not increased their holdings after listing is par value ( I guess). Before listing, they divide and sub divide the shares before selling at a premium to the public. This is the practice of all companies prior to going public. Even at this low price, they are not making any loss.

Junichiro

2,063 posts

Posted by Junichiro > 2016-05-11 16:14 | Report Abuse

Read this article from Theedge (already posted in this forum) : Three more signs smartphone downturn going from bad to worse

Alfred Aun

1,139 posts

Posted by Alfred Aun > 2016-05-11 16:33 | Report Abuse

Whatever klci index up or down, this counter only one way to goes. That is DOWN ........

gusheng

624 posts

Posted by gusheng > 2016-05-11 16:43 | Report Abuse

hopefully it can rebound back soon so those shareholders can make money and do some charity.

yeohhh

2,406 posts

Posted by yeohhh > 2016-05-11 18:16 | Report Abuse

Directors buy back again...

CUTLOST

5,178 posts

Posted by CUTLOST > 2016-05-11 18:21 | Report Abuse

Good news

john doe

749 posts

Posted by john doe > 2016-05-11 18:30 | Report Abuse

The so called buy back is a bit funny... All 3 biji 3 biji 3 biji... You can buy too. And may b even more than them... No real sign of recovering yet... I don't expect this coming Q results in July will improve much... But before that, coming in June is FOMC meeting and UK's EU referendum... Buy if you have holding power... There's only cheaper in downtrend. Vice versa, there's only more expensive in upward trend...

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-11 22:05 | Report Abuse

You can't buy what is popular and do well. Time to buy is when no one else is interested..

Moon

62 posts

Posted by Moon > 2016-05-11 23:15 | Report Abuse

Is master Cold Eye still holding this shares? Anyone know?

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-12 08:25 | Report Abuse

Yes

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-12 08:26 | Report Abuse

In fact he topped up more

Maxireturn

160 posts

Posted by Maxireturn > 2016-05-12 08:32 | Report Abuse

Gtronic has been making money for past 20yrs...it's a good company with vision..

murali

5,723 posts

Posted by murali > 2016-05-12 08:34 | Report Abuse

It's a matter what kind of prices u are paying for the shares...Is a good buy?

wikioon

196 posts

Posted by wikioon > 2016-05-12 08:57 | Report Abuse

good company with vision wont let their share price slide by 40% within a week. and would not have indicated to research firms that their revenue is only "slightly" affected and not qtrly decrease by 70%.

Maxireturn is just trying to mislead other investors, he is the classic kind to try and push others to buy so he can dump his shares off to cut loss.

omgimnoob

514 posts

Posted by omgimnoob > 2016-05-12 09:04 | Report Abuse

If it's iPhone and Samsung supplier, then won't have any surprise features in the phone. High end smart phone will still be sluggish. Earth economy is soft now. Careful guys.

john doe

749 posts

Posted by john doe > 2016-05-12 09:54 | Report Abuse

1st. We don't know Cold Eyes really added more Gtronic.
2nd. If he added also, his average price is far lower than average investors.
3rd. Only rich investors can do so (with a lot bullets and time) as they have holding power.
4th. Gtronic had its superbull run since 2012. Any bull needs a rest too. haha...

Thus, average investors are advised to pull the knife only after it hit the deck. Not everyone can catch a falling knife... No point argue now, there will be stronger signs (good or bad) when getting nearer to July end/Aug mid...

goreng_kaki

1,909 posts

Posted by goreng_kaki > 2016-05-12 16:50 | Report Abuse

横摆。。。没有深v反弹。。。。假厉害的全部死玩。。。。。

GODinvest

377 posts

Posted by GODinvest > 2016-05-12 18:24 | Report Abuse

Better sell , no sell will regret. Switch to other stock. Waiiting below 2.00 then buy . Wakakaka

yongch

1,104 posts

Posted by yongch > 2016-05-12 19:36 | Report Abuse

Yes..u r right!!!tp2..0 for sure!!!but it will bounce back abv6.0 when iphone7 out...overall...why rush to sell???it better to more buy below 2.20lo...kikiki...

Abismail

651 posts

Posted by Abismail > 2016-05-12 22:42 | Report Abuse

Three suppliers that seldom command much attention, working behind the scenes to make devices sold under the brands of better-known customers, put out back-to-back earnings reports Tuesday. They spell trouble ahead for smartphone makers and other companies that once thrived on mobile mania.

Pegatron Corp., which assembles iPhones, missed profit expectations and said April sales dived 16 percent. Minebea Co., which makes LED lights for mobiles, lagged its own forecasts for revenue and earnings. Japan Display Inc., which supplies screens to Apple and others, said profit has deteriorated so rapidly it will lose money for the fiscal year and suspend a promised dividend. Adding to the gloom, Lenovo Group Ltd. tumbled to a four-year low as analysts warned of rising competition.

Asian components makers are positioned early in the supply chain so they often signal what’s ahead for giants like Apple, Samsung Electronics Co. and Xiaomi Corp. The iPhone maker offered evidence of a deteriorating market with its first quarterly sales decline in 13 years. Now, some are bracing for a possible triple-whammy: sliding sales, an unfettered market-share competition and crumbling prices.

Abismail

651 posts

Posted by Abismail > 2016-05-12 22:43 | Report Abuse

Stay away from this mobile maker counter

Posted by shortinvestor77 > 2016-05-12 23:07 | Report Abuse

Those want to sell pls sell lah. No point talk bad in this forum. Those want to hold pls do so. Abismail, pls go to other forum if you don't have Gtronics shares, OK?

paperplane2016

21,659 posts

Posted by paperplane2016 > 2016-05-13 01:35 | Report Abuse

Global slowdown. Forget this stock

WanEmdibi

62 posts

Posted by WanEmdibi > 2016-05-13 02:01 | Report Abuse

Do not hold, Sell until it reaches 2.00, bad outlook....buy at below 2.00

confuse

570 posts

Posted by confuse > 2016-05-13 05:04 | Report Abuse

Why then CEO Ng Kweng Chong almost everyday spent about RM 10K buying Gtronic. 10K everyday is not money? How many i3 forumers earn RM 10K everyday?
http://klse.i3investor.com/servlets/stk/annchdr/7022.jsp
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5090025

amma

23 posts

Posted by amma > 2016-05-13 08:32 | Report Abuse

is time to buy....oversold..

wikioon

196 posts

Posted by wikioon > 2016-05-13 09:08 | Report Abuse

@confuse 10k is pennies to ppl like ng kweng chong, dont compare us and them and @shortinvestor77 this is a forum for discussion, to help others understand the situation

gusheng

624 posts

Posted by gusheng > 2016-05-13 11:47 | Report Abuse

wait first, will drop below RM3

Recklesscy

306 posts

Posted by Recklesscy > 2016-05-13 12:33 | Report Abuse

heavy stock fell on its weight = free fall

CUTLOST

5,178 posts

Posted by CUTLOST > 2016-05-13 14:33 | Report Abuse

Rm3 may be not.. buy now 3.10 this afternoon

gusheng

624 posts

Posted by gusheng > 2016-05-13 14:56 | Report Abuse

second wave coming

Posted by familybusiness > 2016-05-13 14:58 | Report Abuse

second wave of dropping??? die lo.....whole saving drop half......hihihihi

CUTLOST

5,178 posts

Posted by CUTLOST > 2016-05-13 15:15 | Report Abuse

Cannot go below rm3..this is solid counter

lching

1,402 posts

Posted by lching > 2016-05-13 15:20 | Report Abuse

ks55唯恐天下不乱, no way it can go below 2!

Posted by familybusiness > 2016-05-13 15:21 | Report Abuse

lo..like this better don't touch this share first..

sharktank

805 posts

Posted by sharktank > 2016-05-13 15:22 | Report Abuse

no lah. the most 2.60.

lching

1,402 posts

Posted by lching > 2016-05-13 15:24 | Report Abuse

i agreed with sharktank

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