New sensors set to land Globetronics more customers
new sensors will enlarge the group’s customer base by roping in several top Asian manufacturers of smartphones, wearable devices and automotive components.
Group chief executive officer Datuk Heng Huck Lee told StarBiz that the sensors were on the final product qualification phase
“The sensors have built-in intelligence to assess and measure the level of contamination in our surroundings that could be hazardous to our health.
“Major smart device and automotive players are now evaluating our latest sensors for use in their latest devices scheduled for release in late-2019. There are other and more detailed functions which would be revealed soon, as our customers require us to maintain a high level of confidentiality,” said Heng.
According to Heng, if it gets the green light, the commercial production should commence in the third quarter of 2019.
Heng added that the group had partnered with a US company to design and develop this new sensors. “Non-conventional semiconductor packaging technology and semiconductor materials were used to produce the intelligent and hybrid sensors,” Heng added.
The sensors come under the biosensor category, which is expected to hit US$27bil in sales by 2022, growing at a compounded annual growth rate of 8.4% between 2017 and 2022, according to a Markets and Markets report.
“The market growth is driven by the continuous technological advancements in the biosensor ecosystem, increase in the use of biosensors for non-medical applications, lucrative growth in point-of-care diagnostics, and rise in the demand for glucose monitoring systems,” the report added.
don't know how to be patient now , EPF keep selling , insider stop buying , chart not looking good with so low volume , if we dont go to 2 ringgit then very likely we will go back down to 1.70. This is bad.
I think gtronic is now a technical play. From a valuation perspective, it is cheap historically, but expensive on an industry average perspective. Growth wise, it has slowed as shown in latest qr. Furthermore, seasonality in earnings suggest that historically q1 is the slowest quarter for the year. Given the negative sentiment in the tech sector, specifically in the semicon sector, there are not enough bullish catalysts from a fundamental perspective. Long run, I believe it will recover.
In the short term , at least till after a trade war resolution and semicon starts showing earnings growth, it is a technical play. On 21 Feb it breached the upward channel since Jan 1. So now it depends on the 1.85 resistance which isn't really strong. next support likely at 1.60 already.
bearish or bullish is a view. I think Gtronic is a hold. not a sell. no immediate problems. we'll see if it recovers. It was a shining star a few years back, only GTRONIC and INARI were even big enough to be considered. now outshined by VITROX, PENTA, etc..
And also a first time apperance in the portfolio of EPF , which is why I have faith , but this drop , especially this drop today really makes me feel sad.
TSMC@Taiwan world largest SOC factory listed company announced revenue for Jan n Feb 2019 dropped 15% & 22% on last two day.TSMC expected revenue for 1Qr 2019 would be less -22%<>.
US oil price future hits fourth months high on last night closed.This could be stronger our Malaysia Ringgit.That would be giving bad impact for exporters also!
China's auto(car) sector sales volume data announced straight dropped eight months on last few day.China is second largest car market on the world.Any company got revenue on car sectors would be take impact.
What makes me hold my stock despite huge paper loss is EPF increase their shareholding from 6.17% to 12.27% in just one year , almost double their shareholding. Despite the bearish sentiment, insiders also continue buying albeit small small amount. You can read that as a bait , they buy small amount just to bait you follow , and then unload their shares on you , but my observation is they almost never sell , just keep accumulating 8-12k shares almost everyday , at some point you have to ask , if they really dont think company will perform well this year , why keep burning money buying their own stocks? I expect this stock to go to at least 2.50 ringgit this year , I will just hold although my shares now is all red red showing big paper loss. Maybe I will consider accumulate and average down later when I have some money.
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....
ray1980
2,992 posts
Posted by ray1980 > 2019-03-06 08:41 | Report Abuse
Gtronic's management told first half 2019 would be weakness performance but hope second half to turn good after announced 4QR 2018.