Highlights
KLSE: GLOTEC (5220)       GLOBALTEC FORMATION BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.45   +0.005 (1.12%)  0.43 - 0.45  183,000
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Overview

Market Cap: 121 Million
NOSH: 269 Million
Avg Volume (4 weeks):187,875
4 Weeks Range:0.43 - 0.47
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:0.025 - 0.60
52 Weeks Price Volatility (%):
73.91%
Average Price Target: 0.07
Price Target Upside/Downside: -0.38
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#2]  |  26-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  23-May-2019
T4Q P/E | EY: 34.04  |  2.94%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.946  |  0.48
T4Q NP Margin | ROE: 1.12%  |  1.40%

Headlines

Date Subject
12-Feb-2019 PublicInvest Research Headlines - 12 Feb 2019
12-Feb-2019 Mplus Market Pulse - 12 Feb 2019
15-Dec-2018 热门股:亿利达控股上挑68仙
17-Oct-2018 Mplus Market Pulse - 17 Oct 2018
17-Oct-2018 PublicInvest Research Headlines - 17 Oct 2018
06-Sep-2018 Mplus Market Pulse - 6 Sept 2018
06-Sep-2018 PublicInvest Research Headlines - 6 Sept 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.
 
Depeche Finally... the new chapter... let's see how it fares.
12/12/2018 2:02 PM
jantzen7801 When warrant start??
12/12/2018 4:38 PM
warren buntut wow not bad. 0.03 fly to 0.5. congrats you all
12/12/2018 5:53 PM
Depeche I have a feeling this counter may pull it off.
12/12/2018 6:35 PM
derrickinvestor pull it off? u mean dropnto 0.04 again?
13/12/2018 12:30 AM
commonsense If you can look pass all the corporate announcement of new ventures and corporate exercises (share consolidation and free bonus warrants) and look at the company's fundamental, Globaltec is still a loss making company since at least FY2013 which is the year after the merger of AutoV, AIC Corp and Jotech Holding. It was surprising to see that the company turn straight away to loss making in 2013 given that prior to the merger of the 3 companies, they actually made a combine profit of RM37.6mil PAT in 2011.

I am not sure what went wrong in just 6 months after the merger. They still managed to make profit in the quarter after the merger but was not as high as before at only RM2.2mil PAT. Then it just got bad in 3Q13 when they posted their first time loses as a new company. Can anyone provide some clarity on this?

I think it is better for those that are interested to wait for them to post a more sustainable profit before you invest into the company. If not, at least wait for a clearer picture on the development of the Tanjung Enim field which is supposed to be the company future growth catalyst according to management.

The last development that i heard off was the completion of the exploratory/test drilling in the Muralim block last week by Nuenergy. I think they are still testing to see how much recoverable gas reserve are in the tested well. There is also another well that they are currently testing but is yet to be completed. This is still not certain in term of recoverability. There could be gases in the 2 wells but might not be financially viable to extract. Hence why i think you should wait for the development of the well testing first before investing in this company.

For those already invested, you need to be prepare to face some market volatility in the short term. Maybe those invested could provide clarity on what are the other catalysts for the company besides the Nuenergy venture.

If you are looking to diversify your portfolio a bit (at least until the result of the Nuenergy test is out), i would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.8x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.
13/12/2018 10:05 AM
Depeche Pull it off =succeed.
13/12/2018 2:55 PM
Depeche Yup... better observe first... for those bold enough....i will only enter it goes to 0.43 and below.
13/12/2018 2:59 PM
derrickinvestor agree depeche
13/12/2018 5:41 PM
derrickinvestor just hope it drop back first
13/12/2018 5:41 PM
vinceooi anyone know when will they issue the bonus warrant ?
17/12/2018 9:23 AM
Depeche Strong closing. This counter should be bullish in the short term at least.
17/12/2018 7:34 PM
Depeche But am little sceptical about current bullishness....when it has yet to prove that the company has truly turned around.
17/12/2018 7:54 PM
AyamMuda1 Before conso now is 3 sen?
18/12/2018 5:57 AM
AyamMuda1 Mkt cap 646 million correct?
18/12/2018 5:58 AM
flyby Market Capital (RM) : 161.45m
18/12/2018 8:42 AM
chery Any idea when warrants will ne listed?
19/12/2018 8:57 AM
kslim42 Mana Ayam tua ?
19/12/2018 4:05 PM
kslim42 Ok
19/12/2018 4:07 PM
WY Chan knn
19/12/2018 10:08 PM
WY Chan ccb
25/12/2018 4:52 PM
maya1301 Ready to fly
HeHeHe
27/12/2018 1:32 PM
WY Chan ready to fly to holland
27/12/2018 10:21 PM
WY Chan fly to holland
28/12/2018 6:22 AM
WY Chan going back to 5 sen... same like hubline
30/12/2018 10:24 PM
ikah2000 shit shit. go downward
31/12/2018 11:09 AM
ikah2000 https://www.thestar.com.my/business/business-news/2019/01/23/globaltec-unit-to-receive-full-participating-interest-in-muralim-psc/
23/01/2019 11:58 AM
Tim2812 So good or bad?
23/01/2019 5:59 PM
Awangtoklah Seems good..wait for expert to comment
25/01/2019 2:30 PM
Depeche QR will be out soon...will have a clue what to expect for future earnings.
01/02/2019 11:52 PM
WY Chan garbage
16/02/2019 10:18 AM
DreamCapturer Itu AyamTua sutah gaya lor. Gng gng gaw gaw gaya yuga lor. Tia pinya image pun sutah bikin massive overhaul also lor.
19/02/2019 3:43 AM
Depeche Small profit..good start.
26/02/2019 6:18 PM
CrapTree sliding
06/03/2019 11:27 AM
kyosan good
06/03/2019 11:57 AM
ikah2000 every cloud has silver lining, i dare to say, this,stock will be profitability
07/03/2019 2:16 PM
kyosan already profit ikah2000 ...better take now..below 0.50...most shareholder cost price
07/03/2019 5:51 PM
Shinnzaii Is time to study abit about this company...hehe
10/03/2019 6:39 PM
paktua73 kikiki gua ciakp pasti tuju langittt
kikiki

tut tut
ayam tua cakaplaaa
paktua xleh makan ayam tua
26/03/2019 9:09 AM
Leoleo Paktua ala sapu glotec ga.....
26/03/2019 10:31 AM
paktua73 hehehhe alaa time jadi ayam tua group..
sikalang kaching kaching laaa

tut tut
ayam tua jantung tua but hati alaa muda..
27/03/2019 8:50 AM
Veron_teo want to suspend how many times a year???? lol
02/04/2019 10:35 AM
pro777 any one know about SAUJANA E&P company that invest in NuEnergy?
02/04/2019 11:25 AM
Leoleo https://www.thesundaily.my/business/saujana-ep-to-buy-51-stake-in-globaltec-australian-unit-CJ748422


Upon completion of the proposed share placement, the group’s direct and effective interest in NuEnergy will be diluted from 64.7% and 51.7% to 31.7% and 25.4% respectively, GFB said in bursa Malaysia filing today.

This represents a dilution in direct and effective interest of 33.0% and 26.3% respectively, which represents a material dilution of the group’s equity interest in a principal subsidiary under Paragraph 8.21 of the Main Market Listing Requirements of Bursa Malaysia.

Upon completion of the proposed share placement, NuEnergy will no longer be treated as a subsidiary but will be considered as an associated company of the group.






Glotec is selling the compant to saujana. game over. what gas venture la
02/04/2019 1:55 PM
Leoleo is it a very excited development. the MD must be veli excited again and again .
02/04/2019 2:04 PM
Iswan are this a good news?
02/04/2019 6:03 PM
flyby Smells like a private plan behind the curtain. Placement price too low. NGY price came down to satisfy low price. Been waiting for pod for so long, selling price would be much higher if waited for pod. How convenient for some. Decision makers decide for whose benefit? 80% directors for Saujana who holds 51% stake??? Why sell 51%, there would be investors who may be willing to buy at higher price for minority stake considering everything is in place except for the pod.

Surprise attack using shock tatics. RAT is presented as a warm and trustworthy furry creature by the board.

Still 25% of profit is very good considering the size of CBM reserves. Glotec is also doing well in the other fronts. Perhaps there may be some who may feel cheated by the smiling faces of the board of directors. The chairman has a nice smile and honest look.
02/04/2019 6:09 PM
flyby Socialize the risk (Glotec), privatize the profits (Saujana) may apply here, who knows, not me. However, I'm sure some do.
02/04/2019 6:21 PM
Leoleo R u joking ? Doing well wat biz ?

Still 25% of profit is very good considering the size of CBM reserves. Glotec is also doing well in the other fronts.
03/04/2019 8:24 PM
CrapTree nuenergy everday need capital injection.... money pit.... juz more is payout for Director feeeeeeee
16/04/2019 5:11 PM


 

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