Last Price Today's Change   Day's Range   Trading Volume
0.045   0.00 (0.00%)  0.04 - 0.045  350,100
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Market Cap: 242 Million
NOSH: 5,382 Million
Avg Volume (4 weeks):1,538,360
4 Weeks Range:0.04 - 0.05
4 Weeks Price Volatility (%):
52 Weeks Range:0.035 - 0.065
52 Weeks Price Volatility (%):
Average Price Target: 0.07
Price Target Upside/Downside: +0.025
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#3]  |  23-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  28-Aug-2018
T4Q P/E | EY: -8.92  |  -11.21%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.045  |  1.00
T4Q NP Margin | ROE: -25.92%  |  -11.21%


Date Subject
18-Apr-2018 PublicInvest Research Headlines - 18 Apr 2018

Business Background

Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company has operations in many countries, but it generates the majority of its revenue from the IMS segment in Malaysia and Indonesia.
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  27 people like this.
ktsk88 Their Tanjung Enim is on the way to supply gas in coming months and the contracts is for 10 years.

As for Muralim they got 4 years extension to commercialise it.
05/05/2018 10:00
jasontan1177 tanjung enim took 4 years to work on. now only submit pod. after pod approval. need how long to pump gas out ? 2 years ?
05/05/2018 11:36
flyby jasontan1177, You don't submit the pod unless you're ready to pump the gas. The details of financing, buyers, technology, environmental issues are probably all in place because the details of which are required in the pod.
There's a lot of money to be made. Just imagine 13% of TEPPP is certified to produce USD245,000 a day. 100% therefore has the potential to produce USD500,000 to USD1,500,000 per day. That's just from the TEPPP.
There's a lot of psylogical effort put to frustrate retail holders to sell their shares at this current low price. False starts, Good news ...no movement. Price up ...pressed down. Left hand, right hand game going on, some say up to 90% of volume.
Accumulation will carry on until they have as much shares in their possession as possible. A decision will be made depending on market conditions to start the olympics. That's when the game begins.
06/05/2018 19:08
DreamPredator Lg bulum glo lg gah, ini Lotec.
20/05/2018 15:13
DreamGuardian gih gih gih
21/05/2018 15:28
jasontan1177 walau make 2 k profit last q...

wakaka. hkc ask ceo come open chicken rice stall better.
23/05/2018 17:46
traderman haha may be they really selling chicken rice stall now as cannot dig gas yet haha
25/05/2018 19:44
ktsk88 they have scored gas in one of the area and are now preparing POD to the GOVT of Indonesia and once approve the supply can be on and start contributing in the 3rd quarters of 2018 which they have mentioned end of last year. so basically they're on track with the forecast.
26/05/2018 08:35
26/05/2018 08:47
traderman what kind of gas they digging?
26/05/2018 10:40
kakakemas better buy netx...the pp already completed. the lowest 52 weeks range price is 0.025..u can buy 0.035 and plus, it got shariah compliance last few days...and jackma will come to malaysia soon to meet Tun M..i think netx going to be a jackma rally stock...why? because the PP involves project that related with e payment payallz business.. and Payallz already joint venture with Alipay...i dont want to waste my time here in Glotec.the MACD signal also scare me...seems that the blue line wanna cross below the redline
26/05/2018 11:02
traderman ya heard netx will goreng to 0.5 soon. strong buy
26/05/2018 20:29
freddiehero netx 0.50? haha inposible
26/05/2018 21:08
traderman jack ma coming. netx will be goreng up
26/05/2018 21:58
WY Chan kikiki.... goreng to ashes.... the project is doom...
28/05/2018 08:08
Timie KUALA LUMPUR : Globaltec Formation Bhd has partnered with Indonesian state-owned oil corporation PT Pertamina Gas to explore the supply of coal bed methane (cbm) gas for distribution to consumers in Indonesia’s Sumatra island.

In a stock market filing today, the group said its subsidiary NuEnergy Gas Limited which is listed on the Australian Securities Exchange, had executed a memorandum of understanding with PT Pertamina Gas.

Under the MOU, NuEnergy and Pertamina Gas have agreed to exchange information and to jointly evaluate the economic viability of CBM gas supply from Tanjung Enim Production Sharing Contract’s (PSC) initial Plan of Development (POD) with the aim to utilize this CBM gas to fulfil Pertamina Gas consumer needs in Sumatra.

“NuEnergy has received government approval to prepare the POD for Tanjung Enim PSC. The proposed concept for the initial POD plans for the development in two target areas, in the north and north-west of the PSC where NuEnergy has focused exploration, drilling and pilot production activities over the last 8 years,” said Globaltec.

It added NuEnergy plans to submit the POD to the Indonesian Minister of Energy and Mineral Resources by the end of 2017.
05/06/2018 17:21
Timie After Sumatec UP, Glotec will follow..
06/06/2018 10:14
lolipot Timie ,,why u are say that?
06/06/2018 23:05
goInvest (Cut or Hold???) Is this counter no more future?????
12/06/2018 11:23
derrickinvestor Y no volume.
14/06/2018 18:45
freddiehero i oledi sold off lo..
18/06/2018 18:03
freddiehero come back and see still 0.045 lol..
18/06/2018 18:03
Johnsonlee 0.05 cent now. Seems will shoot up soon. BUY BUY BUY.....
26/06/2018 14:58
GoodBoy Any good news coming ?
26/06/2018 17:23
pang72 Yes engine started. Luckily get 0.045 hehe
26/06/2018 17:42
wilsonc Those bought will sure regret~
28/06/2018 14:53
Mingxing25 不后悔买它,麻雀会否变凤凰要等时间来证明了
28/06/2018 21:03
VT899 People told me to hold for few more months, soon will have good news!
29/06/2018 15:11
Johnsonlee The longer you hold , the higher it goes......
29/06/2018 15:43
GoodBoy Looks like it's coming soon ...
03/07/2018 17:09
CrapTree tooooo early pancut
03/07/2018 17:31
WY Chan how few months will be few years
07/07/2018 18:36
traderman Lol. Super penny what you expect?
13/07/2018 19:09
VT899 It has been 1.5 years now since last increase. No positive news saying they manage to get the contract? How can it be shooting high?
17/07/2018 22:40
ktsk88 The company already mentioned the preparation for POD to Pertamina is ongoing since last year end and production delivery will starts in 2nd half. Even though the last quarter is profitable. So the 4th quarter result will be this month and if positive then it signal a milestone for the company to return to profitability solely from energy supplies business compared previous years.
18/07/2018 08:26
lolipot die
24/07/2018 23:02
kyosan alive....boss got mega job at Perak today.
01/08/2018 17:54
lolipot ple share the news tq
01/08/2018 18:17
kyosan https://www.suaraperak.com/hab-mega-bernilai-rm7-billion-bakal-dibangunkan-di-muallim/
02/08/2018 09:37
kyosan mou only...not contract.... =p
02/08/2018 09:41
Lim Tek Wai Buy it when the price is low and gain profit !!
02/08/2018 11:45
Yael Jasper Niceeeee
02/08/2018 12:12
GoodBoy Glotec could be a darling stock in 2019 n 2020 ... hopefully ...
02/08/2018 14:42
lolipot tq kyosan.hope <<<
03/08/2018 19:06
derrickinvestor y 2019 and 2020... and y not now?
13/08/2018 15:15
stan5617 if u wan now...go casino
15/08/2018 10:21
stan5617 baccarat suit u ..sh
15/08/2018 10:22
jordanmaggie61 never regret
15/08/2018 10:36
Yael Jasper buy buy buy
15/08/2018 11:23
Lim Tek Wai good price
15/08/2018 11:35


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