angelngo8262003, I believe the acquires may related. AMS may have own supplier..they may restructure. just my two cents. only insider will know the actual result.
the price climb up slowly back from 2.75 to 3.9 from august till today morning.. suddenly big drop today afternoon b4 result will come out on 27/10 (should be) ... it just repeat previous pattern (april).. hmm.. let's see
Globetronics' major client, Heptagon, has been acquired by a competitor, AMS AG. In the near term, the impact might be limited given that they will need time to plan and reassess capabilities or restructuring. Long term might be bad - vendor might be consolidated within the new entity.
On globetronics, recent rally was due to The Star reported that Globe's CEO indicated a strong sensor volume in 2QFY17, which I think moving forward it's earnings visibility would be hard to gauge. We are looking it's net profit of ~RM30m for FY16 and ~RM67m for FY17. Stock is trading at 16.3x PE.
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deric123
181 posts
Posted by deric123 > 2016-10-25 15:08 | Report Abuse
anyone manage to collect at 3.50?