Highlights
KLSE: GLOTEC (5220)       GLOBALTEC FORMATION BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.04   0.00 (0.00%)  0.04 - 0.04  1,069,000
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Overview

Market Cap: 167 Million
NOSH: 4,180 Million
Avg Volume (4 weeks):13,936,850
4 Weeks Range:0.035 - 0.05
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:0.035 - 0.065
52 Weeks Price Volatility (%):
16.67%
Average Price Target: 0.07
Price Target Upside/Downside: +0.03
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#4]  |  28-Aug-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  28-Nov-2018
T4Q P/E | EY: -8.21  |  -12.17%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.046  |  0.87
T4Q NP Margin | ROE: -19.53%  |  -8.22%

Headlines

Date Subject
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
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.
 
FAZI66 Glotetek.. Nothing move.. Keep untill next election
18/08/2018 23:35
Yael Jasper Good stock, make huge profit !
20/08/2018 11:07
stan5617 tc goh.....said coal methane gas coming mid 2019
21/08/2018 10:35
lolipot mid 2019
21/08/2018 17:28
Johnsonlee Glotec is moving slowly now.....
23/08/2018 10:33
Johnsonlee http://www.insage.com.my/irsgxnews.net/web/getasxnews.aspx?NewsId=2018083000001&theme=99
30/08/2018 10:01
jasontan1177 every news also said very excited.. itu Mr Kee really PK.
whenever got news out , he said excited.
04/09/2018 13:57
Yael Jasper Time to collect profit, hehehe thanksss
05/09/2018 11:00
maya1301 ya bad news..SELL!!!
RUUUNNNNN!!!!!!!
SELL!!! SELL!!!! SELL!!!
05/09/2018 20:41
Depeche Reverse consolidation is good.. shows company has confidence in themselves and want to be noticed.... just make sure its fundamentals are sound and future is bright.
05/09/2018 21:25
Depeche Ignorance is bliss.
05/09/2018 21:31
Depeche Read more about reverse consolidation...learning something new is harmless...but having said that, this company has been making losses...so if u are investing in this counter has to be careful.
05/09/2018 21:34
Depeche It's called reverse share split...please read up.
05/09/2018 23:21
Depeche https://cabotwealth.com/daily/stock-market/four-reasons-for-a-reverse-split/
05/09/2018 23:40
huat888 May'2016 Genetec Share consolidation 10 to 1
Jun'2017 Mulpha share consolidation 10 to 1
05/09/2018 23:47
afterlight Got bonus warrants leh
06/09/2018 00:12
Vivo 20 become 1. Sell at 4 sen or later become 0.5-1 sen?
06/09/2018 02:36
Vivo Agree. This is loss making ctr unlike Genetec or Mulpha. Vivocom is still cheaper.

Doraemon*小叮噹 consolidation is 20 shares consolidated to 1.. 100% drop.. don't mislead ppl.. will lose like hell, cry oso no tear...
05/09/2018 21:36

huat888 May'2016 Genetec Share consolidation 10 to 1
Jun'2017 Mulpha share consolidation 10 to 1
05/09/2018 23:47
06/09/2018 02:37
afterlight how about the 3 years bonus warrant is at 9.7% discount?
06/09/2018 09:23
Woot2 i guess they've reached their aim
20 mil share = 5 mil warrant
06/09/2018 09:40
noviceinvestor8 I have been holding this stock more than 5 years (before the merger) and have a very high hope as the CBM is schedule to be commercialize by next year (latest).

But after hearing that it will be consolidate to 20:1, I sold off all 5 million unit (50K lots) this morning even I lost around 200K.

I have bad experience in Hubline where I'm holding 1M units and consolidate to 20:1 and from RM0.01 to RM0.20. After less than a month, it drop to RM0.10 and currently at RM0.06.

I have a bad feeling that once Glotec consolidate to RM0.90 will easily go to RM0.30 or even worse less than RM0.10.

So you guys who still holding, becareful, I sold 5 million units @ RM0.04 and after it consolidate to 20:1 and if my prediction is correct and drop below RM0.30, I might buy back...
06/09/2018 09:46
jordanmaggie61 Nice ! Start taking profit, thanks.
06/09/2018 10:23
CrapTree kikikiki..... as expected..... consolidation
06/09/2018 10:24
GoodBoy In case the CBM is commercialize n good profit is materialize, there is no reason for the share price to drop after consolidation ... further more, in order to encourage conversion of warrant to mother share, share price has to go up ... I guess this corporate exercise's objective is to attract quality investors so that they will convert the free warrant to mother share n contributing additional capital to the company ...
06/09/2018 10:42
afterlight the bonus warrant is in-the-money. But I rather sell it off rather than conversion. Even the warrant worth 1 sen, this counter is worth at least 5 sen now
06/09/2018 11:19
afterlight Maybe that is why so many buyers at 4 sen
06/09/2018 11:21
Lim Tek Wai Good potential stock, bought it !!!
06/09/2018 11:35
cheated 5 sen where? 4 sen I see now.
06/09/2018 11:56
afterlight They are giving 3 years bonus warrants, worth at least 1 sen I think, lol
06/09/2018 14:48
noviceinvestor8 Thanks Doraemon for the valuable advise.

From my experience, almost all loss making company who consolidate (like Hubline), it will drop at least 20% to 30% within 1 week after consolidation. In Glotec case, all the while the share trading at around RM0.04 - RM0.05 and suddenly after consolidation to 20:1 and the price move to RM0.90, how many ppl will buy loss making company with RM0.90 (eventhough they throw in 4 units to 1 warrant, if mother share drop below RM0.50, the warrant is as good as useless)?? Not many ppl will look at the total share from 5 billion consolidate to around 250 million unit, they only look at current trading price, that is my opinion but many experience investor or fund manager might not agree with me on this.
07/09/2018 09:43
Depeche The value of the company is unchanged after conversion...but if it's going to be sold down to 0.10 after conversion like some of u fear, then the management must be crazy...better stay put and remain a penny stock....but again, this company may not be one of those exceptional cases like Citigroup who managed to reverse their fortunes with reverse split.
Conclusion for me: look at company's fundamentals and prospects. This company does not impress in previous QRs....so like Hubline, best consider carefully before jumping in.
07/09/2018 10:06
afterlight Is the boss keep sapu at 4 sen? last night sapu RM1 million already, today sapu RM600k again... I hate it when market sell so cheap to insider
07/09/2018 15:36
Mingxing25 Borbian , small investors scare this scare there
07/09/2018 15:43
WY Chan yeah... yeah... sell cheap... better scrape what is left over b4 burn to ashes
08/09/2018 21:31
Feizal Mazlan Better stay away.....
10/09/2018 10:09
Yael Jasper Waiting for dividen soon. This time can cover back some capital loss. Not bad.
12/09/2018 11:05
siam8888 Trap counter
14/09/2018 02:44
steward Sai counter
14/09/2018 09:28
Lim Tek Wai Well done, the profit can let me to buy more food
14/09/2018 11:31
afterlight zzz, when will it go up?
14/09/2018 13:29
Depeche This counter is so cheap... buying 500000 shares...ikan bilis will look like a shark too...haha
15/09/2018 11:12
warren buntut yaya so cheap. buy 500000 shares if wanna cut loss one bit is worth 2.5k
15/09/2018 11:26
jm3525 later u all crying after conversion.. that 0.90sen drop until 0.50sen
15/09/2018 23:42
Depeche I will follow the development of this counter....interesting to see whether this will be a successful reverse split.
16/09/2018 07:47
afterlight I think they consolidate so they can look for private placement investor.
24/09/2018 17:55
4444 10 become 1? After conso 40 sen can drop to 10 sen or even below?
25/09/2018 22:55
steward Not 10 become 1 but 20 become 1
27/09/2018 17:19
CrapTree wakakakaka.........
01/10/2018 17:28
CrapTree where is the old cock.....
10/10/2018 16:23
jasontan1177 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5943689

very excited director ? this company submitted POD to indo take year to get indo approve ?

kikikiki

selling chicken rice every year also can loss money one...

glotec management are genius
17/10/2018 09:46


 

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