GLOBETRONICS TECHNOLOGY BHD
KLSE (MYR): GTRONIC (7022)
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Last Price
0.655
Today's Change
-0.035 (5.07%)
Day's Change
0.65 - 0.705
Trading Volume
18,560,300
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
-
Units
-
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
-
Prospectus:
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Discussions
17 people like this. Showing 50 of 8,259 comments
what happen guys???
GT no longer what it used to be???
let's see what happen next ....
4 days ago
You'd better see it clearly next time instead of just looking around like many others who do not see but just look look here and look look there................
4 days ago
The future ( foresight ) depends on the present ( hindsight). If you look at the present too much , that bugger would call you " hindsight king" . That bugger is really a bugger.
4 days ago
Next QR is expected to be below the par as EC Liaw has already insinuated in his recent statement due to the incompetence of the new management . He even said the company is so desperate to place deposits to secure sales.
4 days ago
joyvest
Next QR is expected to be below the par as EC Liaw has already insinuated in his recent statement due to the incompetence of the new management . He even said the company is so desperate to place deposits to secure sales.
4 hours ago
Below...@0.40...Kurmming Soon?
4 days ago
Wow , one more sour grape want to buy cheap ticket ! Dont dream lah my little boy , gtronic will back to rm 1.50 , u wont get below 50 sens !
3 days ago
Inari and Amertron have proactively invested 400m++ each to upgrade their facilities to remain competitive globally.However , EC Liaw only talks of setting aside of 130m for CAPEX .It remains to be seen if he is serious about it or might deploy the said sum for something else such as placement of more deposits to secure sales as a desperate move.
3 days ago
New BODs of APB and GT are basically said to be the puppets of the "Gangs in control " from behind. BODs are blamed as culprits for the poor performance as a result of which no dividend payout as an excuse is expected. Basically, the Gangs do not want to pay dividend even though they make money , similar to the style of Jaks . They would rather put the cash reserves as " deposits" to avoid the payment of cash dividend. To pay cash dividend, you need tons of cash in hand.
Judging from what they have recently represented, the remaining cash and new cash generated would be used for CAPEX or " otherwise " . Dividend payout is expected to be significantly reduced if not " none of payout at all " in the foreseeable future. It is believed that they are not going to pay dividend under the so called " new management .Basically , the Gang in control just passes the buck the new mgt in disguise.
3 days ago
so are you guys going to quit everything?
or seek opportunity?
I knew many got stuck at above 1....
Hopefully will recover soon....
3 days ago
Joyvest, why not file a complaint with Bursa Malaysia or a police report if you are sure of their wrongdoing? You are spending lot of unproductive time here
3 days ago
Let their incumbent auditors do the job as they are in the better position to entertain the relevant authorities with the evidences gathered in their possession. Your being responsive here is a demonstration of the fact that my time, be it productive or otherwise , is worth spending ........
3 days ago
Is there anyone who has no objection for me to continue to comment here , be it negative or otherwise??
3 days ago
No objection, enjoy reading your analysis, sendiri will pandai pandai make judgement
3 days ago
Since there is No objection,I will continue to comment objectively based on the latest developments and circumstances surrounding the Group. Tq for your supports
3 days ago
Joyvest sifu
good to have someone raise awareness here
as long as u provide latest updates + facts and figure i think we are all welcome
but remember what Howard Marks once was saying:
it’s not what you buy; it’s what you pay for it.
A high- quality asset can constitute a good or bad buy,
and a low-quality asset can constitute a good or bad buy.
The tendency to mistake objective merit for investment opportunity,
and the failure to distinguish between good assets and good buys, get most investors into trouble.
Because the search is for good buys, my main goal in this chapter is to explain what makes a buy a good one.
In general, that means price is low relative to value, and potential return is high relative to risk.
How do bargains get that way?
https://dl.najafi8.ir/dl/Library/book/[Howard_Marks]_The_most_important_thing_uncommon_.pdf
3 days ago
Something wrong with the balance sheet. Receivables, deposits and prepayments had increased to RM65.56 million from RM1.04 million as at Dec 31, 2023. To whom the prepayments were paid and for what reason? This huge difference is a red flag.
3 days ago
Once they announce their new customers n project u wont get it below rm 1.50 !
3 days ago
Apart from KPMG resignation announcement from Globetronics , PWC also resigned from Pharmaniaga . KMPG also announced their resignation from Bina Puri not forgetting EY have also quit from another PLC. We cannot harp on this issue .changing of auditors is part of a business cycle unless fraud is involved. Remember IMDB all the big accounting firm was once part of the scandal link company audit team.
2 days ago
The primary role of a statutory or external auditor is to provide the members of a company ie the shareholders, with an independent opinion as to whether the financial statements of the company give a " true and fair view" of the assets, liabilities and financial position at the year end concerned. Basically, The Auditors must ensure that the FS are free from material errors and over statement of assets and under statement of liabilities ( So called miss-statements ).
You can change auditors at the AGM subject to the approval of the shareholders. Once appointed, the auditors shall take office ( term of office ) effective from AGM to the next AGM . They are free to check the books and records of the Company during this period of their engagement. Changing the auditors in the middle of their engagement is a big " NO NO " which is reflection of the doggy management up to no good with hidden agenda. Same goes to the resignation of auditors half way through their engagement ( terms of office ).
In the case of GT, the damage has been compromised . Mr.Ku , being a CA ( chartered Accountant) should have known better the insidious effect of such resignation . However, he did not stop this but let it happen as a result of which the share price has been plunging with loss of confidence from the investors across. He should be held to be fully responsible . As you are probably aware, he is also holding directorship in other companies such as APB , SCIB, Artroniq Berhad etc .It is the fact that share prices of such companies have been plummeting ever since he has joined the said companies. Are these occurrences by coincidence or through manipulation with hidden agenda? You tell me but my dog smells something very fishy.
2 days ago
xiaoeh sifu is it Insas your so-call bargain? Why hard to get 10-20% return in short period let's say 1 month?
xiaoeh
Joyvest sifu
good to have someone raise awareness here
as long as u provide latest updates + facts and figure i think we are all welcome
but remember what Howard Marks once was saying:
it’s not what you buy; it’s what you pay for it.
A high- quality asset can constitute a good or bad buy,
and a low-quality asset can constitute a good or bad buy.
The tendency to mistake objective merit for investment opportunity,
and the failure to distinguish between good assets and good buys, get most investors into trouble.
Because the search is for good buys, my main goal in this chapter is to explain what makes a buy a good one.
In general, that means price is low relative to value, and potential return is high relative to risk.
How do bargains get that way?
https://dl.najafi8.ir/dl/Library/book/[Howard_Marks]_The_most_important_thing_uncommon_.pdf
2 days ago
1 day ago
Cheers sifu how is Revenue QR? Insiders dealing(buy or sell) how? Drop then got rebound? Please help to answer my questions.
Cheers
Like revenue slowly drop
1 hour ago
1 day ago
As for joyvest please answer Jonathan Keung questions before repeating your unproductive posts.
21 hours ago
Posted by newbie5354_ > 10 hours ago | Report Abuse
xiaoeh sifu is it Insas your so-call bargain? Why hard to get 10-20% return in short period let's say 1 month?
Dear Newbie5354_sifu
At what price i bought Insas...?
20 hours ago
Before you say my comments are unproductive , can you provide productive comments to counter my points/comments ? You are most welcome to do that as I always live with my mind " open"
18 hours ago
The four characteristics of assets that are most important to wealth holders are
(1) expected return,
(2) risk,
(3) liquidity;
(4) time to maturity
-Expected return depends on the demand of the product produced - No demand for your product, the asset is said to be unproductive
-Risk depends on the innovation of the product- how fast your product to be phased out due to technology ? You should know better they are in the semi conductor business. As you probably know , Inari and Amertron have taken the leads to improve their facilities in line with new technology but GT is just talking only. Assets are believed to be outdated.
-Liquidity depends on the demand of the product- Liquidity is stricken due to outdated products which are unmarketable
-Time to maturity depends on the life cycle of the product.- The shorter life cycle of the product due to technology will shorten the time to maturity of the assets hence the assets would be left idle unless the assets are upgraded to embrace the new technology.
High or low quality assets depends on the marketability of the product .If outdated products are produced where no demand is forthcoming , the assets are said to be low quality assets and vice versa.
EC Liaw has talked of investment of 130m to upgrade its facilities . As said, it remains to be seen if he would commit to it and how he can deliver in the end. He has also highlighted that the sales have been sluggish. Could this be due to their outdated products as a result of which the Company is so desperate to place the deposits to secure sales ?? I leave it to your imagination......
18 hours ago
the market offers you the opportunity to trade in an osat company that delivers double digit profit margin and zero debt. yay or nay?
15 hours ago
Potential upside in local tech stocks despite short-term challenges ..
https://theedgemalaysia.com/node/727763
14 hours ago
goldmanbull
Something wrong with the balance sheet. Receivables, deposits and prepayments had increased to RM65.56 million from RM1.04 million as at Dec 31, 2023. To whom the prepayments were paid and for what reason? This huge difference is a red flag.
2 days ago
goldmanbull
Suggest to stay away please. Don't be another ikan bilis trapped later.
2 days ago.
Cash generated is negative...(-#56.8)(Earnings is positive!?)...#65.5(from #7.5)... missing...cash&equivalent decreased...
Accounting Manipulation...should be selling at cash value...#0.21/share.🤞
12 hours ago
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tkkiong
joyvest , good said .
4 days ago