GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.525

Today's Change

0.00 (0.00%)

Day's Change

0.525 - 0.54

Trading Volume

9,374,500


17 people like this.

8,698 comment(s). Last comment by coolinvestor 18 hours ago

Posted by KingOfStock > 2016-10-25 21:24 | Report Abuse

run run run

Posted by gojirakingkong > 2016-10-25 22:00 | Report Abuse

history repeated itself. This is the second time bad QR and insider dump first.

Hotrod

731 posts

Posted by Hotrod > 2016-10-25 22:03 | Report Abuse

A counter with so many insiders inside, not worth playing IMO.

Move on to another counter.

UniC

482 posts

Posted by UniC > 2016-10-25 22:04 | Report Abuse

again and again. this stock pump up and attract investor and kill them mercilessly.

RainT

8,448 posts

Posted by RainT > 2016-10-25 22:45 | Report Abuse

Kkchoo79.....profit and payment term totally not related ok....
Payment term only affect the cash flow
Profit is directly recognize in time sales is made

RainT

8,448 posts

Posted by RainT > 2016-10-25 22:47 | Report Abuse

Unless if it is propert company than have the unbilled sales
But for Gtronics....the sales should have been recognized directly when the sales happen in P&L
Only when payment received follow payment term then will affect cash flow and balance sheet

RainT

8,448 posts

Posted by RainT > 2016-10-25 22:48 | Report Abuse

Don't lie yourself
Gtronics is must sell now
Downtrend start now....

newbie92

418 posts

Posted by newbie92 > 2016-10-25 22:49 | Report Abuse

Better cut loss on this stupid counter and swap to Penta.

Ikaztahkik

131 posts

Posted by Ikaztahkik > 2016-10-25 22:51 | Report Abuse

sell.....

cheeyong

460 posts

Posted by cheeyong > 2016-10-25 22:52 | Report Abuse

I bought gt today 3.43 but i must sell tomolo... too bad.... not because the qr... haiz... insider news leak ady... must sell... hope can sell 3.5 tomolo... haiz..

Ikaztahkik

131 posts

Posted by Ikaztahkik > 2016-10-25 23:07 | Report Abuse

cheeyong..kamu sudah cakap esok mahu jual..habis la.. orang sudah tahu kamu mahu jual, esok mesti gap down.....

UniC

482 posts

Posted by UniC > 2016-10-25 23:09 | Report Abuse

if you checked carefully, such a trick is common across Penang based stocks.

Posted by Teo Hock Song > 2016-10-25 23:20 | Report Abuse

What is the news ? Mind to share ?

oohlala

112 posts

Posted by oohlala > 2016-10-25 23:32 | Report Abuse

Up_down , what happen to 3A previously ? Got insider trade?

Posted by shareinvestment7 > 2016-10-25 23:38 | Report Abuse

Singapore company Heptagon has been acquired by Austrian company AMS. That is a known fact. Before this, Heptagon is the main client of Gtronic. If u look into the QR report, the revenue contributed by Singapore is reduced significantly. The future prospects is uncertain.

Posted by shareinvestment7 > 2016-10-25 23:40 | Report Abuse

Chee Yong, what is ur insider news?

Up_down

4,346 posts

Posted by Up_down > 2016-10-25 23:46 | Report Abuse

oohlala.

Date 25/10/2016

Securities Commission Malaysia (SC) today charged six individuals with insider trading offences under Section 188 of the Capital Market and Services Act 2007 (CMSA).

Fang Chew Ham, 69, the founder and Managing Director of Three-A Resources Bhd (3A) together with his daughter and 3A Executive Director Fang Siew Yee, 36, were charged for communicating material non-public information to his brother and Non-executive Director Fong Chiew Hean. The offence under section 188(3)(a) CMSA was allegedly to have been committed on 5 September 2009.

Fong was also charged for nine counts of insider trading. He had acquired 891,000 units of 3A shares between 7 September and 5 October 2009 through two accounts at PM Securities Sdn Bhd while in possession of the said material non-public information.

SC alleged that the material non-public information referred to in the charges relates to the collective venture between the businesses of 3A and Wilmar International Limited (Wilmar) which later materialised through a 20% private placement of the issued and paid-up share capital of 3A to Wilmar. The said information was announced to Bursa Malaysia on 5 October 2009.

Fang Chew Ham, Fang Siew Yee and Fong all claimed trial. Kuala Lumpur Sessions Court Judge Tuan Mat Ghani Abdullah fixed bail at RM250,000 for Fong, while bail for Fang Chew Ham and Fang Siew Yee was fixed at RM200,000. All three were ordered to surrender their passports to the court.

In a separate proceeding, SC also charged Fang Siew Yee under section 188(2)(a) CMSA for acquiring 2,720,000 units of 3A shares. The offence is said to have been committed between 27 August 2009 and 5 October 2009 while she was in possession of the said information.
Fang Siew Yee, who faces a total of eight charges, is said to have acquired 3A shares through the account of Tan Bee Geok, 62. Tan together with Fang Chew Ham and two OSK Investment Bank Bhd dealers at the material time, Chew Lian Foon, 38, and Ong Kok Aun, 55, were charged for abetting Fang Siew Yee in the commission of the offences under section 370(c) CMSA.

The charges against Fang Siew Yee, Fang Chew Ham, Tan, Chew and Ong were read out before Sessions Court Judge Tuan Zulqarnain bin Hassan. All five claimed trial. Fang Siew Yee was granted bail of RM250,000 while Fang Chew Ham, Tan, Chew and Ong were each granted bail of RM150,000. They were also ordered to surrender their passports except for Tan, who did not own one.

The offences under sections 188(2) and (3) of the CMSA 2007 are punishable with an imprisonment term not exceeding 10 years and a fine of not less than RM1 million.

UniC

482 posts

Posted by UniC > 2016-10-25 23:53 | Report Abuse

so... Rafidah kakak will be appointed as Chairman (chairwoman?) cum MD? a la Supermax.

cheeyong

460 posts

Posted by cheeyong > 2016-10-25 23:58 | Report Abuse

Kalau saya tak jual... pun mesti gap down... Gt will lose a lot of customer... their customer bisnes oso vy bad... iphone sales oso not vy good...if iphone 7 explode again... gt will burn... becareful... it is my mistake for not contra today for vy minor profit.....haiz:(

cheeyong

460 posts

Posted by cheeyong > 2016-10-26 00:03 | Report Abuse

I think gt will drop until 2.5 for short term... today they oso want to trap investor by put a lot of que on buy before closing... I wil be the victim if cant sell at 3.5 tomolo.... good luck to all for who want to holding this share...

Ikaztahkik

131 posts

Posted by Ikaztahkik > 2016-10-26 00:11 | Report Abuse

cheeyong..harap kamu boleh jual esok 3.5...

mjy88

146 posts

Posted by mjy88 > 2016-10-26 00:12 | Report Abuse

So badly hit by bad quarter results and lost of a big customer. Double whammy to Gtronic, better stay away from a falling knife

UniC

482 posts

Posted by UniC > 2016-10-26 00:26 | Report Abuse

below 3.00 again. scam counter.

mjy88

146 posts

Posted by mjy88 > 2016-10-26 00:30 | Report Abuse

Pump and dump by big sharks....beware

cheeyong

460 posts

Posted by cheeyong > 2016-10-26 00:35 | Report Abuse

My advice is must sell gt share as fast as possible... more bad news will come in... and wait until at least 2.2 to buy in... you will regret n painful if you see gt price at 2.5 for 2 weeks time.

UniC

482 posts

Posted by UniC > 2016-10-26 00:36 | Report Abuse

it will break the last low for sure.

UniC

482 posts

Posted by UniC > 2016-10-26 00:37 | Report Abuse

how many investors get killed by Gtronic since last year?

cheeyong

460 posts

Posted by cheeyong > 2016-10-26 00:46 | Report Abuse

Double Kill for Gtronic investors.... i cant think any reasons to hold my share. .. buy today sell tomolo , hopefully not gap down too much for me to sell...

cheeyong

460 posts

Posted by cheeyong > 2016-10-26 00:52 | Report Abuse

Who sell today ady is a winner... tomolo confirm drop at least 15%

cheated

999 posts

Posted by cheated > 2016-10-26 01:45 | Report Abuse

Ikaztahkik I checked cheeyong is a cheat. Dia tak pernah beli GTronic langsung macam mana ada saham boleh jual.
Ikaztahkik

cheeyong I bought gt today 3.43 but i must sell tomolo... too bad.... not because the qr... haiz... insider news leak ady... must sell... hope can sell 3.5 tomolo... haiz..
25/10/2016 22:52

Ikaztahkik cheeyong..kamu sudah cakap esok mahu jual..habis la.. orang sudah tahu kamu mahu jual, esok mesti gap down.....
25/10/2016 23:07

Posted by Warren_Investor > 2016-10-26 08:20 | Report Abuse

Today gap down 1.00 and open at 2.50?

beso

2,137 posts

Posted by beso > 2016-10-26 08:28 | Report Abuse

laosai

Posted by hariharisaham > 2016-10-26 08:54 | Report Abuse

Bye Gtronic

dompeilee

11,888 posts

Posted by dompeilee > 2016-10-26 09:04 | Report Abuse

Tikam some @ 3.36 just now

henry9889

85 posts

Posted by henry9889 > 2016-10-26 09:11 | Report Abuse

sold all at 3.52

Gusen

1,871 posts

Posted by Gusen > 2016-10-26 09:13 | Report Abuse

brought 3.35-36-37, and sold 3.51-52, thanks again Gtronic :)

Posted by shareinvestment7 > 2016-10-26 09:20 | Report Abuse

Not too bad, recover very fast.

Posted by Teo Hock Song > 2016-10-26 09:57 | Report Abuse

cheeyong has no insider news. just pattern i think

Posted by Sharon Chok > 2016-10-26 10:10 | Report Abuse

They should give constructive comments! Don't just to scare people!

Posted by Sharon Chok > 2016-10-26 10:33 | Report Abuse

Now everyone knows the fact, any sifu, can you give some comments on this counter?

Jay

1,126 posts

Posted by Jay > 2016-10-26 10:34 | Report Abuse

imo yesterday's share price correction was long overdue. the share price has slumped previously because of poor sales and profit in last QR but recently the price rebounded strongly simply because of news that some products were in qualifying stage. as I understand, qualifying means only at the audit stage, it is not certain that the customers will adopt your chips/sensors and even if they adopt, how much order will they place with you is also uncertain.

so the price has previously rebounded because of speculation, it's also fitting that it slumped back down because of speculation (heptagon). my take, stay away from this counter for now due to the uncertainty unless you are really strongly convinced by the rebound in sales order story. previously gtronic's selling point was its track record, now unfortunately it's just like any other story stock, selling you the future which cannot be backed by figures.

Posted by Sharon Chok > 2016-10-26 10:40 | Report Abuse

Thanks for your sharing !

RainT

8,448 posts

Posted by RainT > 2016-10-26 11:25 | Report Abuse

Jay ....good explanation

PeterNg

409 posts

Posted by PeterNg > 2016-10-26 11:49 | Report Abuse

It will slowly go down.

chamlo

1,288 posts

Posted by chamlo > 2016-10-26 11:53 | Report Abuse

SC charges Three-A founder
http://www.theedgemarkets.com/my/article/sc-charges-three-founder

Undi_PKR

945 posts

Posted by Undi_PKR > 2016-10-26 11:56 | Report Abuse

Nobody ever complain to SC so GT operators take chance to short GT before QR released?
http://www.investsmartsc.my/sites/default/files/ebrochures/files/righttolodgecomplaints_0.pdf

Posted by GoldenEggs > 2016-10-26 12:13 | Report Abuse

crazy.....someone is saying the results look good......typical way to lose money in the stock market

Posted by millionology > 2016-10-26 12:16 | Report Abuse

this quarter result looks good to me :-)

dompeilee

11,888 posts

Posted by dompeilee > 2016-10-26 12:24 | Report Abuse

Looks like some ppl who caught low sold too early kikiki

Posted by shareinvestment7 > 2016-10-26 12:47 | Report Abuse

Roller coaster.. up 2 cent ald before lunch break

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