Highlights
KLSE: GLOTEC (5220)       GLOBALTEC FORMATION BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.05   0.00 (0.00%)  0.05 - 0.05  3,216,600
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Overview

Market Cap: 269 Million
NOSH: 5,382 Million
Avg Volume (4 weeks):12,802,523
4 Weeks Range:0.05 - 0.06
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.04 - 0.085
52 Weeks Price Volatility (%):
22.22%
Average Price Target: 0.07
Price Target Upside/Downside: +0.02

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#1]  |  28-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  23-Feb-2018
T4Q P/E | EY: -19.59  |  -5.10%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.051  |  0.98
T4Q NP Margin | ROE: -11.93%  |  -5.00%

Headlines

Date Subject
28-Jan-2018 HIGH OIL & GAS PRICE WITH STRONG RM!...GLOTEC (5220) COULD BE THE NEXT O&G STOCK TO SHINE! POTENTIAL RETURNS OF >100%?
03-Aug-2017 Evening Market Summary - 3 Aug 2017

Business Background

Globaltec Formation Berhad, formerly Temasek Formation Berhad, is a Malaysia-based company investment holding company. The Company operates in two divisions: IMS division and the resources division. The IMS division offers precision metal stamping; precision machining and assembly of radio frequency microwave, photonics and medical components, design and fabrication of precision tooling and automation equipment; injection moulding and blow moulding; test and assembly of semiconductors and smart card modules and design, manufacturing and assembly of automotive components and module/systems. Its resources division is involved in oil palm plantations division which is involved in the operating and management of oil palm plantations and coal mining division which is involved in the extraction and marketing of coal. In June 2012, the Company acquired entire interest in Apex Discovery Sdn. Bhd.
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  27 people like this.
 
jasontan1177 Glotec is hiding someting from us .. now only work on POD preparation .
need 6 more month.

And on Nov Dec 2016 it said will working on POD preparation on 2017 .



In the previous quarter, NuEnergy received approval from the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (commonly referred to as SKK Migas) to prepare the initial Plan of Development for the Tanjung Enim PSC and has formally commenced preparation for the POD. The POD preparation will take approximately 6 months to complete and during the preparation process, NuEnergy will work closely with SKK Migas to facilitate the submission of the POD proposal to the Indonesia Ministry of Energy and Mineral Resources through the Head of SKK Migas.
02/02/2018 09:53
laulau On behalf of the Board of Directors of GFB, we hereby attach the quarterly reports that were announced on the Australian Securities Exchange on 31 January 2018 by NuEnergy Gas Limited, a subsidiary of GFB which is listed on the Australian Securities Exchange. NGY is a gas and ancillary power generation company whose primary activity is unconventional gas exploration in Indonesia. Details of the said reports are enclosed in the attachments.

This announcement is dated 2 February 2018.

DEPUTY EXECUTIVE CHAIRMAN’S COMMENTS
The POD preparation has gained momentum during the quarter and with a number of processes progressing through to the final stages of the preparation. We are excited on this progress and eager to deliver the first Indonesia Coal Bed Methane (“CBM”) POD.

Summary of Operations Report
* Tanjung Enim PSC- In the previous quarter, NuEnergy received approval from the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (commonly referred to as SKK Migas) to prepare the initial Plan of Development for the Tanjung Enim PSC and has formally commenced preparation for the POD. The POD preparation will take approximately 6 months to complete and during the preparation process, NuEnergy will work closely with SKK
Migas to facilitate the submission of the POD proposal to the Indonesia Ministry of Energy and MineralResources through the Head of SKK Migas. Both partners, PT Pertamina and PT Bukit Asam, two leading stateowned energy and resources companies, have given their full commitment to progress the POD preparation.

* The POD preparation has gained momentum during the quarter, with a number of processes commencing and progressing through to the final stages of the preparation that includes the resources verification and reserves certification by the Indonesia Research and Development Center for Oil and Gas Technology (commonly referred to as LEMIGAS) on the POD target development areas, the pre Front End Engineering and Design (“PreFEED”) process on the production facilities design selection, the environmental study and other non-subsurface
related survey and activities.

* As an initial step of engagement with potential gas buyers, NuEnergy has executed the first Memorandum of Understanding (“MOU”) with PT Pertamina Gas (“Pertamina Gas”) in September 2017. Pertamina Gas is a subsidiary of PT Pertamina and has focus in midstream and downstream gas industry of Indonesia with its primary activity in trading, transportation, processing and distribution and other businesses related to natural gas and their associated products. 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 PSC initial POD
with the aim to utilise the CBM gas to fulfil Pertamina Gas consumer needs in Sumatra.

* Subsequent to the quarter end, LEMIGAS completed the CBM resources verification and reserves certification on the POD target development areas. LEMIGAS is the Indonesian government research and technology institution operating in the area of upstream and downstream oil and gas business and has key roles in the development of the oil and gas industry through research, engineering and development activities. The Creserves certification is one of the compulsory processes for the POD submission in Indonesia that must be administered by an Indonesian government accredited agency such as LEMIGAS.

*The CBM reserves certification has confirmed 86.05Bscf for P1 and 78.84Bscf for P2 totalling ~165Bscf for the POD target development areas that has been identified in the north (Area A) and south (Area B) area of the Tanjung Enim PSC covering 33 km2 that will form the basis of the overall POD proposal to be submitted to the Indonesia Ministry of Energy and Mineral Resources for approval. The confirmed reserves will enable NuEnergy to deliver about 25 MMSCFD to the market through the development of over 200 wells once the POD is approved.For details of the LEMIGAS reserves certification, refer announcement 15 January 2018 and 19 January 2018.

* With the key milestone on the CBM reserves certification achieved and the POD progressing to the final stages of the preparation, NuEnergy aims to complete and submit the POD proposal to the Indonesia Ministry of Energy and Mineral Resources by quarter one of 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5681697
https://klse.i3investor.com/blogs/laulauramblings/145712.jsp
02/02/2018 10:15
CrapTree wow.... with all the good announcement....

but the share price does not reflect it......

knn counter....
02/02/2018 11:30
stan5617 ccb glotec..ts goh
02/02/2018 14:39
stan5617 lj bornoil pun sama
02/02/2018 14:42
WY Chan niama
03/02/2018 20:05
Goodchoice Be patient
03/02/2018 20:59
prc4wifefe folks...go utube and look for glotec...see how directors answer interview...then u know why this stock so laggard
04/02/2018 15:39
traderman to 1
04/02/2018 17:56
GoodBoy Glotec at 0.050/0.055 is a good entry price ... cheers ...
06/02/2018 09:50
jasontan1177 good boy sumatec 0065 is good entry point too kikikikki
06/02/2018 10:56
ikah eah also another great low entry price...
06/02/2018 11:10
RedEagle Uncle Dow Jones rebound..panic buy tomorrow..
06/02/2018 23:06
traderman laulau without final. Indonesian government approval glotec won't pass 0.6. i rather wait and buy at 0.065 once the time come
07/02/2018 10:48
jasontan1177 lau lau all glotec biz is losing money all this 5 to 6 years .

you might want to ask wtf management is doing hehehe ...
07/02/2018 13:30
kirawang laulau you said QoQ Performance has improved by 96.85%, Revenue has increased to RM48,829,000 million. Revenue from where? Coal, car parts?
07/02/2018 15:59
kirawang Thanks. Anyway revenue on average decreasing and PBT -ve. Hopefully they can start making money.
07/02/2018 16:40
xyxy8 laulau you show links to bursamalaysia that reveal negative profit negative everything of glotec. How are investors supposed to have great faith in this company and its directors? So impossible!
07/02/2018 23:31
maya1301 laulau..dont try so hard plsss..too obvious u are trapped at high price..
later 0.04 waiting u to selll
08/02/2018 06:56
jasontan1177 Glotec all biz pk red all this while la. Check bak history nia ma. Car part biz since long long time ago lor..

All biz no make money got it ?

Now got to see how cbm gas only.
08/02/2018 21:37
jasontan1177 Nia ma plomoter promote glotec wrong biz.
Pls focus to promote cbm gas.

Dunno 2020 can sell gas or not.
08/02/2018 21:38
jasontan1177 Selling car part . Selling electronic chip. Selling palm oil.
4 . 5 years keep losing money wor.

U see how genius the management. Diu u sell car part . First year lose money . Second year u still sell ?

Very simple ma . Uncle selling chicken rice every month can lose money wor. Keep doing it for 5 year wor.

5 year selling chicken rice still lose money. Question wtf why uncle still selling chicken rice while he cant make money in this 5 years.

Hehe
08/02/2018 21:56
jasontan1177 I see yr past n i can predict where u end up with.

Unless u r doing new things.

Cbm may be bring in profit n Catalyst.

But not the pk glotec old biz. They eat all the money.
08/02/2018 23:39
xyxy8 laulau..... Glotec is currently parts supplier for the current Proton Exora and should be supplying auto components to Geely & Volvo and also the next best seller...Proton Boyue SUV launching in 2018..."

Glotec is a dumb-bell even when doing its core business- selling
gas, how is glotec going to be successful making car components? The company has to import new machinery and train workers. All this will only make the company bottom line very red. Investors will not be able to make money for a very long time....sigh!
08/02/2018 23:40
laulau Don't try so hard plzss...:)

btw the "Buy" queue today @ 5 sens is 30,271,400
4.5 sens is 180,000,000 and 4 sens is 20,534,800 with total buyers bids of RM10.72 millions!

Don't Live in the past...
Learn from it and move on...

as

Yesterday is history...
Tomorrow is a mystery...
Today is a gift...That why it's a Present...

Quote "The difference between a successful investor or not?...is the ability find out about Glotec's turnaround plan from its latest Annual Reports and be able to interpret the profitability trend from its quarterly reports...in order to know if the company is going in the right direction or not?...:)

Quote "QoQ Performance has improved by 96.85%, Revenue has increased to RM48,829,000 million, Profitability is improving and the next Qtr. Results should be out during CNY by 23 February... "

So book your tickets Today...at the current low entry price...it will be too late to wait until final approval...as price would have increased by then as Bro Dow Jones has already rebounded!....Immediate upside for Glotec is 7 sens before next Qtr. results is out?

p.s Glotec is currently parts supplier for the current Proton Exora and should be supplying auto components to Geely & Volvo and also the next best seller...Proton Boyue SUV launching in 2018..."
https://paultan.org/2018/01/05/proton-boyue-suv-to-be-ready-by-q4-2018/

KLSE: GLOTEC GLOBALTEC FORMATION BERHAD
Last Price Avg Target Price Upside/Downside Price Call
0.05 0.07 +0.02 (40.00%)
https://klse.i3investor.com/servlets/ptg/5220.jsp

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=81112&name=EA_GA_ATTACHMENTS
http://www.themalaymailonline.com/malaysia/article/proton-geely-partnership-provides-chance-for-local-vendors-to-penetrate-glo#zLXqvXT89qhDvcxZ.97
08/02/2018 23:49
GoodBoy Stay cool in Glotec ... Tsunami outside ... cheers ...
09/02/2018 08:56
peterchu drop 9% still consider cool ? you know the calculation or not ? hibiscus dropping 4.5 cent but is only 5%
09/02/2018 09:18
GoodBoy Aiyo ... My math no good lar ... Glotec still very steady at 0.055 no drop lar ... Hibiscus dropped 4.5cent 5% lar ... hahaha ... cheers ...
09/02/2018 16:57
jasontan1177 Stop promoting glotec old bizs pls. Do your due deligence study on glotec before promote it. If it not will laugh die those current retailer shareholder. We r here because cbm gas biz.

Half past 6 come promote glotec . Aug 2014

Glotec had announced to ventured into cbm gas
By acquiring 50 percent of nuEnergy.

2016 dec nov already done drilling testing wells.
Said will focus on POD preparation on 2017.

I wonder what they did on 2017. Now after received resources certificate . Still say need 3 month to prepare pod plan to submit for approval.

Diu nia sing.
10/02/2018 07:47
jasontan1177 Every announcement will say very excited . Very good achievement. Diu wait u can sell gas only say u r excited la. Niama.
10/02/2018 07:51
xyxy8 Jasontan1177, you are right, We r here because cbm gas biz. Glotec directors should stick to gas biz.
Making car parts is risky biz. Car designs change so fast, now use gas, tomorrow us battery, next day use solar. Glotec keep losing with every change. Glotec share price fell from 12 sen to 5 sen already, do you know?
11/02/2018 14:59
peterchu 5 cent buy queue decrease so much ... alert ...
12/02/2018 09:21
maya1301 BUY!!! BUY!!! BUY!!!
0.04 or 0.035?
12/02/2018 13:27
king36 Wah, so desperate kah?
This stk bring u to holland.
12/02/2018 13:29
Hengyuan is just cyclical stock no more promotion ? lol
13/02/2018 09:50
laulau Welcome Cat san...Glotec next qtr's results should will be out this February, the week after CNY...so just wait for the good news?

So book your tickets...at the current low entry price...it will be too late to wait until final approval...as price would have increased by then as Bro Dow Jones has already rebounded!....Immediate upside for Glotec is 7 sens before next Qtr. results is out?

"The Sky is clear with beautiful rainbow...Now only to wait for the fireworks...."

"Glotec has successfully divested most of its loss making business and now only focussed on the most profitable activities.The Group has to-date successfully divested several of its loss making non-core businesses, including the semiconductor business and a precision stamping subsidiary in China"

https://klse.i3investor.com/blogs/laulauramblings/147113.jsp

https://klse.i3investor.com/blogs/laulauramblings/145712.jsp

https://klse.i3investor.com/blogs/laulauramblings/147015.jsp
13/02/2018 11:13
ktsk88 do not expected the current results to be in the green since the POD will only starts in March the latest.........so the next quarter will be more appropriate for a better result.
13/02/2018 13:47
GoodBoy Wishing everyone Happy Chinese New Year ... cheers ...
15/02/2018 14:40
Fam Jenny Not tired of hoping,meh.
16/02/2018 12:21
Fam Jenny Happy n joyful reunion for all Chinese families.
16/02/2018 12:28
oooooooo Fam Jenny, happy new year!!!!
what is your paper loss here?
17/02/2018 13:01
Fam Jenny Never bothered to count my losses or gain for any counters
18/02/2018 14:30
Fam Jenny Be happy with life n money is not everything but it is important for comfortable life.
18/02/2018 14:32
Fam Jenny Just enjoy what you have n spare some with the less fortunate ones.
18/02/2018 14:35
laulau Happy Chor 3! May the Earth Hound Brings Blessings To All...:)

https://klse.i3investor.com/blogs/laulauramblings/147623.jsp
18/02/2018 15:33
mymymybook Buy Anzo. It is likely to surge after the next QR announcement. Read a recent good article on Anzo. Its stock price is near a multi year low.
20/02/2018 16:10
kirawang they've started the solar project >200 acres....buy now!
20/02/2018 16:23
CrapTree GLOTEC SOLAR FARM??? sure boh
21/02/2018 18:25
CrapTree no announcement.....
21/02/2018 18:40
laulau Happy Chor 7!

https://klse.i3investor.com/blogs/laulauramblings/145712.jsp

https://klse.i3investor.com/blogs/laulauramblings/147946.jsp
22/02/2018 00:03


 

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