GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

1.21

Today's Change

0.00 (0.00%)

Day's Change

1.19 - 1.22

Trading Volume

8,628,900

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 119,608 128,598 131,823 180,051 206,043 227,523 216,316 327,956 304,558 215,346 343,656 355,044 -10.41%
PBT 31,308 36,503 33,902 51,274 55,472 51,996 46,038 74,785 55,873 33,448 81,594 76,217 -8.60%
Tax -8,416 -7,665 -7,487 -5,810 -2,523 -1,192 -1,324 -4,668 -4,726 -7,727 -10,280 -11,818 -4.94%
NP 22,892 28,838 26,415 45,464 52,949 50,804 44,714 70,117 51,147 25,721 71,314 64,399 -9.42%
-
NP to SH 22,892 28,838 26,415 45,464 52,949 50,804 44,714 70,117 51,147 25,721 75,262 65,465 -9.58%
-
Tax Rate 26.88% 21.00% 22.08% 11.33% 4.55% 2.29% 2.88% 6.24% 8.46% 23.10% 12.60% 15.51% -
Total Cost 96,716 99,760 105,408 134,587 153,094 176,719 171,602 257,839 253,411 189,625 272,342 290,645 -10.65%
-
Net Worth 302,982 302,982 308,408 301,250 301,250 294,555 294,465 300,501 281,126 264,816 314,829 283,530 0.93%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 53,863 23,512 23,465 46,861 50,208 50,208 50,193 40,066 45,434 64,795 68,311 61,759 -10.18%
Div Payout % 235.29% 81.53% 88.84% 103.07% 94.82% 98.83% 112.25% 57.14% 88.83% 251.92% 90.77% 94.34% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 302,982 302,982 308,408 301,250 301,250 294,555 294,465 300,501 281,126 264,816 314,829 283,530 0.93%
NOSH 673,294 673,294 672,605 669,444 669,444 669,444 669,444 667,780 285,304 281,719 297,008 280,723 10.18%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 19.14% 22.42% 20.04% 25.25% 25.70% 22.33% 20.67% 21.38% 16.79% 11.94% 20.75% 18.14% -
ROE 7.56% 9.52% 8.56% 15.09% 17.58% 17.25% 15.18% 23.33% 18.19% 9.71% 23.91% 23.09% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 17.76 19.10 19.66 26.90 30.78 33.99 32.32 49.11 107.25 76.44 115.71 126.47 -18.67%
EPS 3.40 4.28 3.94 6.79 7.91 7.59 6.68 10.50 18.01 9.13 25.34 22.94 -17.76%
DPS 8.00 3.50 3.50 7.00 7.50 7.50 7.50 6.00 16.00 23.00 23.00 22.00 -18.46%
NAPS 0.45 0.45 0.46 0.45 0.45 0.44 0.44 0.45 0.99 0.94 1.06 1.01 -8.36%
Adjusted Per Share Value based on latest NOSH - 673,294
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 17.72 19.05 19.53 26.67 30.52 33.70 32.04 48.58 45.11 31.90 50.91 52.59 -10.41%
EPS 3.39 4.27 3.91 6.73 7.84 7.53 6.62 10.39 7.58 3.81 11.15 9.70 -9.59%
DPS 7.98 3.48 3.48 6.94 7.44 7.44 7.44 5.94 6.73 9.60 10.12 9.15 -10.17%
NAPS 0.4488 0.4488 0.4569 0.4462 0.4462 0.4363 0.4362 0.4451 0.4164 0.3923 0.4664 0.42 0.93%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 29/03/24 29/03/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 1.48 1.48 1.62 1.16 1.66 2.70 2.33 1.75 6.60 3.48 6.50 4.30 -
P/RPS 8.33 7.75 8.24 4.31 5.39 7.94 7.21 3.56 6.15 4.55 5.62 3.40 10.32%
P/EPS 43.53 34.55 41.12 17.08 20.99 35.58 34.87 16.67 36.64 38.12 25.65 18.44 9.31%
EY 2.30 2.89 2.43 5.85 4.76 2.81 2.87 6.00 2.73 2.62 3.90 5.42 -8.52%
DY 5.41 2.36 2.16 6.03 4.52 2.78 3.22 3.43 2.42 6.61 3.54 5.12 -9.13%
P/NAPS 3.29 3.29 3.52 2.58 3.69 6.14 5.30 3.89 6.67 3.70 6.13 4.26 -2.09%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 09/05/24 09/05/24 20/02/24 21/02/23 22/02/22 24/02/21 24/02/20 25/02/19 27/02/18 23/02/17 23/02/16 24/02/15 -
Price 1.21 1.21 1.51 1.10 1.35 3.04 2.39 1.95 6.22 4.40 5.53 4.99 -
P/RPS 6.81 6.34 7.68 4.09 4.39 8.94 7.39 3.97 5.80 5.76 4.78 3.95 7.66%
P/EPS 35.59 28.25 38.33 16.20 17.07 40.06 35.77 18.57 34.53 48.19 21.82 21.40 6.68%
EY 2.81 3.54 2.61 6.17 5.86 2.50 2.80 5.38 2.90 2.07 4.58 4.67 -6.25%
DY 6.61 2.89 2.32 6.36 5.56 2.47 3.14 3.08 2.57 5.23 4.16 4.41 -6.88%
P/NAPS 2.69 2.69 3.28 2.44 3.00 6.91 5.43 4.33 6.28 4.68 5.22 4.94 -4.44%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
15 people like this. Showing 50 of 7,101 comments

ivanlau

---------- quote ---------
Stock: [GTRONIC]: GLOBETRONICS TECHNOLOGY BHD

1 month ago | Report Abuse

Back to basic, if based on forward eps 7 x 18 pe, the fair value only 1.26 , today closing 1.44, think about that...........
--------- unquote -------
Today closing 1.37 !!!

2 months ago

EngineeringProfit

Can wait. Getting cheaper is more yummy


ivanlau

1,315 posts

Posted by ivanlau > 35 minutes ago | Report Abuse

---------- quote ---------
Stock: [GTRONIC]: GLOBETRONICS TECHNOLOGY BHD

1 month ago | Report Abuse

Back to basic, if based on forward eps 7 x 18 pe, the fair value only 1.26 , today closing 1.44, think about that...........
--------- unquote -------
Today closing 1.37 !!!

2 months ago

fortunefire

tp 1.05 by nanyang

1 month ago

Tanleechoo

Omg

1 month ago

EngineeringProfit

Typo 1.50. If takut, just sell lah. Got 2 sen dividend oredi

1 month ago

gooman

Chipmakers searching for ‘China plus one’ are finding Malaysia
https://www.straitstimes.com/business/chipmakers-searching-for-china-plus-1-are-finding-malaysia

1 month ago

gooman

Malaysia's semiconductor manufacturing flourishes in the face of U.S. and China's Chip War
https://www.tomshardware.com/tech-industry/manufacturing/malaysias-semiconductor-manufacturing-flourishes-in-the-face-of-us-and-chinas-chip-war

1 month ago

gooman

US stocks, tech draw record inflows in latest week - Barclays

LONDON, March 15 (Reuters) - Equity funds drew $56.4 billion of inflows in the latest week, driven by record inflows to both U.S. and technology funds, Barclays said in a note on Friday, citing data from EPFR.

Globally, all equity sectors saw inflows, with tech attracting the most on record at $22 billion, while healthcare and financials drew inflows of around $7 billion each, Barclays said..

1 month ago

gooman

Samsung Electronics of South Korea announced on March 20 that it expects to generate over $100 million in revenue this year from its advanced semiconductor packaging business. CEO Kyung Kye-hyun, at the annual shareholders' meeting, mentioned that the investment in this newly launched sector is expected to yield results in the latter half of the year. The company aims to achieve profits exceeding its market share in the semiconductor memory business, with a DRAM share of 45.5% in the last quarter of the previous year, according to TrendForce. Samsung is advancing in high-bandwidth memory (HBM) production to meet the growing demand driven by AI expansion and is likely to unveil the next-generation HBM4 in 2025, aiming for a comprehensive semiconductor service that meets customer needs by integrating memory, manufacturing, and design operations.

1 month ago

Tanleechoo

Go back to 1.30

1 month ago

tkkiong

just follow Mr Ooi , if we lose he lose more more !

1 month ago

Tanleechoo

Also true .. he is substantial shareholder

1 month ago

Souljaboiiii

Gtronic is serving mostly consumer electronics components. I guess that's why the current new CEO is trying hard to engage with more customers to divert from consumer to industrial usage semiconductors. You can clearly see that Gtronic focuses more on niche product in order to enjoy the high margin.
Their capex has been sluggish since FY2019 until FY2022. In these years, their capex is ranging from 10-20million only. This is something that I don't like, they are not trying hard to put shareholders money into expanding the business. However, the capex upcycle has been resumed since FY2023, with 30 million which I think it's a good sign of new orders incoming. In FY2024, the CEO told the analyst that they are going to do 50 million in capex, which is something that I like. The new CEO is finally utilizing their cash flow to do something other than giving back all the money to the shareholders.

4 weeks ago

Souljaboiiii

They have mentioned multiple times in their quarterly report that they are engaging with new customers to get new orders. I trust what they said because most of the penang tech companies are very accountable and honest. Gtronic is trying hard to position themselves to benefit from the upcoming semiconductor uptrend. The only downside that I can see now is the new management. We need time to understand what's their thinking and whether or not they can be trusted to turnaround the business.

4 weeks ago

Souljaboiiii

Nevertheless, all the OSAT companies in Malaysia will benefit gao gao from this China-US tech war. More and more companies will approach our local players for order diversifying and eventually making our local champions to become more prosperous. I guess this is the new theme with almost no downside but huge upside that a contrarian investors can safely bet on. Remember, human will perform the best when they are in pressure.

4 weeks ago

gooman

How the US–China chip conflict is making way for new hubs like Malaysia and India
https://kr-asia.com/how-the-us-china-chip-conflict-is-making-way-for-new-hubs-like-malaysia-and-india

3 weeks ago

fortunefire

Looks like the national savior is reducing its stakes.

3 weeks ago

Tanleechoo

Drop more than other tech stk…Coming qtr result is getting worse..???

3 weeks ago

gooman

https://theedgemalaysia.com/node/708124

3 weeks ago

Souljaboiiii

Good luck with your valuation trick.

3 weeks ago

dompeilee

Finito... Jul '23 till now = highly potential H & S top

3 weeks ago

Souljaboiiii

The new shareholders are here to make money. When the share price plunges to RM1, APB will suffer 50% paper lost.

3 weeks ago

fortunefire

time to collect

2 weeks ago

DickyMe

"DickyMe

1.20 coming soon.

1 month ago
======================

Target price reached!

2 weeks ago

dompeilee

Posted by dompeilee > 2023-07-17 10:20

SOLD more Gtronic @ 1.62-1.64

Chicken heart former major holder NKC bought 3-4 lot per transaction continuously for the last few yrs then DUMP ALL suddenly to APB...got confidence meh? the hapless latter is now suffering a 40% paper loss!

2 weeks ago

stevenchua5

https://theedgemalaysia.com/node/708386

2 weeks ago

EngineeringProfit

Based on Bloomberg data, Globetronics has received five "hold" ratings and four "sell" recommendations. Despite this, the stock closed at RM1.40 on April 9, surpassing analysts' 12-month median target price of RM1.24. Maybank Investment Bank Bhd, which has assigned a "sell" rating to Globetronics with a target price of RM1.05, expresses concerns about the stock being overvalued. They highlight the company's challenging near-term outlook due to margin pressures stemming from a high fixed-cost base.

2 weeks ago

fortunefire

CEO Heng Charng Yee says the new business segment will enable Globetronics to package semiconductor chips supportive of artificial intelligence (AI) technology.

2 weeks ago

curiousq

sifu said, this is a heavily manipulated stock

2 weeks ago

EngineeringProfit

Interesting..................

2 weeks ago

Tanleechoo

@EngieeringProfit .. good sharing..high fixed cost base n the head counts is a burden if they don’t contribute effectively.. if wonderful co , why the previous owner wan to dispose off ??? ..

2 weeks ago

fortunefire

every tech stocks are heavily manipulated. if that particular tech stock isn't much manipulated then better dont buy.

2 weeks ago

EngineeringProfit

I bought a lot this morning 1.20-1.22 ....so cheap. Gonna pump in rm1mil here

2 weeks ago

EngineeringProfit

Also worth buying myeg now- loaded rm1mil last week- below 0.785

2 weeks ago

EngineeringProfit

BMgreen 0.94 to 1.14 is great too- worth looking

2 weeks ago

EngineeringProfit

Also simeprop- below 0,90 last week was cheap

2 weeks ago

gooman

CEO Heng Charng Yee says the new business segment will enable Globetronics to package semiconductor chips supportive of artificial intelligence (AI) technology.
https://theedgemalaysia.com/node/708386

2 weeks ago

EngineeringProfit

huat ar.....................lai...lai...lai............

2 weeks ago

nhbeen

New business will take time to materialize. And she highlighted that it can take a maximum of 2 years to happen. Many things can happen in 2 years, good or bad. Uncertainties are there.

1 week ago

fortunefire

Looks like APB is no longer the 2nd largest shareholder...

1 week ago

DickyMe

When QR release?

1 week ago

cK1973

TP 1.50.....
EP 125....
boleh ka?

1 week ago

DickyMe

Above 1.50 susah this year!

6 days ago

EngineeringProfit

Huat bit by bit lah

6 days ago

cK1973

EP achieved.....
good counter ma....

3 days ago

DickyMe

"2024-05-02

Additional Listing

ESOS - 9,300 shares at 1.030."
========================

Company giving free money??

2 days ago

cheeseburger

sell

2 days ago

nam35035

https://www.digitalnewsasia.com/business/after-losing-major-customer-osram-scales-back-micro-led-dream-sell-plant-malaysia-owned-pnb

Still got hope ? Or new management will find another source of income ?

2 days ago

curiousq

CEO Heng Charng Yee,
Heng has been with the group since 2013, starting out as a quality and strategic business manager at subsidiary Globetronics Manufacturing Sdn Bhd. She was appointed CEO in July 2022, succeeding her father Datuk Heng Huck Lee, who retired after serving as CEO since January 2008.

She is also the group’s non-independent executive director. Prior to her appointment as group CEO, she served as the group’s chief operating officer since January 2021.

Early this year, Heng exercised her employee stock options and acquired 829,700 shares before selling one million shares in Globetronics on Feb 7, leaving her with just 32 shares in the company.

According to Globetronics’ 2022 annual report, she had 170,332 shares or direct interest of 0.03% in the company as at March 24, 2023.

2 days ago

EatCoconutCanWin

from worsen to worstfull

35 minutes ago

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