Highlights
KLSE: GTRONIC (7022)       GLOBETRONICS TECHNOLOGY BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
2.12   +0.01 (0.47%)  2.10 - 2.13  1,028,500
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Overview

Market Cap: 1,419 Million
NOSH: 669 Million
Avg Volume (4 weeks):1,640,521
4 Weeks Range:2.10 - 2.35
4 Weeks Price Volatility (%):
8.00%
52 Weeks Range:1.98 - 3.43
52 Weeks Price Volatility (%):
9.66%
Average Price Target: 2.90
Price Target Upside/Downside: +0.78
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2021 [#2]  |  27-Jul-2021
Next QR | Est. Ann. Date: 30-Sep-2021  |  27-Oct-2021
T4Q P/E | EY: 26.44  |  3.78%
T4Q DY | Payout %: 3.54%  |  93.53%
T4Q NAPS | P/NAPS: 0.44  |  4.82
T4Q NP Margin | ROE: 23.29%  |  18.22%

Headlines

Date Subject
29-Jul-2021 【行家论股/视频】东益电子 拓展大计照亮前景
28-Jul-2021 PublicInvest Research Headlines - 28 Jul 2021
28-Jul-2021 Mplus Market Pulse - 28 Jul 2021
01-Jul-2021 Trading Stocks - Globetronics Technology
29-Jun-2021 Stocks on Radar - Globetronics Technology (7022)
22-Jun-2021 Technology - Multi-year growth prospects but upside priced in
25-May-2021 Daily technical highlights – (GTRONIC, DIALOG)
03-May-2021 【行家论股/视频】东益电子 股价调整趁低进场
03-May-2021 Globetronics Technology - Expect softer 2Q before pick-up in 2H
28-Apr-2021 Globetronics Technology - Too Many “ifs” in This Equation
28-Apr-2021 Globetronics Technology - Seasonal weakness in 1Q as expected
28-Apr-2021 Mplus Market Pulse - 28 Apr 2021
22-Apr-2021 PublicInvest Research Headlines - 22 Apr 2021
22-Apr-2021 Globetronics Technology - Opportunity to buy on weakness
26-Mar-2021 Daily technical highlights – (KPPROP, GTRONIC)
24-Mar-2021 东益电子迈向RM2.93/敏源
01-Mar-2021 Gleobetronics Technology - Customer diversification in the works
25-Feb-2021 Mplus Market Pulse - 25 Feb 2021
25-Feb-2021 Globetronics Technology - Slightly lower 4Q, cautious on Covid-19 impact
25-Feb-2021 Globetronics Technology - A Strong Recovery

Business Background

Globetronics Technology Bhd develops and manufactures integrated circuits, light-emitting diode components, encoders and sensors, quartz crystal products, timing devices, and related products. Sensors are the leading revenue contributor for the company. Globetronics builds its sensors and encoders for a variety of automation and industrial applications. Sales volume is also significantly dependent on revenue generated from quartz crystal and timing devices. These devices are used in a multitude of electronic products, such as mobile devices, GPS, and PCs. Sales are primarily in Asian markets, with the United States accounting for a significant share.
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  14 people like this.
 
WinningBenning Expect coming Qth result to be good. Looking forward to TG: 2.45.
21/06/2021 6:13 AM
Bgt 9963 Good morning...!
21/06/2021 8:39 AM
TheThird winningbenning? Please share more about your view? It likely be softer QoQ but you are saying improvement compared to last year corresponding Q?
21/06/2021 10:11 AM
neohts https://klse.i3investor.com/servlets/ptres/60015.jsp

Source : AmInvest
Stock : GTRONIC Price Target : 2.84 | Price Call : BUY
Last Price : 2.25 | Upside/Downside : +0.59 (26.22%)
22/06/2021 10:34 AM
Ron90 ya.. and buy C15.. semicon will run like glove theme in 2020.. oder book until more than 12 months !!
22/06/2021 12:06 PM
kl_guy wow gtronic on up trend . go go go
22/06/2021 3:47 PM
jolynce after ex price keeps going up.. very good!
22/06/2021 4:17 PM
amet2017 Hehe thats why i said before, beautifully controlled.
22/06/2021 4:50 PM
newbie2y wow lembaga tabung haji masuk le..!
02/07/2021 8:13 PM
jolynce Gtronic is very good value amongst the OSAT counters.
02/07/2021 8:59 PM
Ron90 ya.next few months will increase production lagi..everything looks promising for this semicon
02/07/2021 11:56 PM
Bgt 9963 Good morning.!
03/07/2021 8:22 AM
kl_guy its has been long wait , finally there some movement in gtronic.
05/07/2021 1:06 PM
neohts My dividend in already
05/07/2021 2:51 PM
jolynce cool! just checked..got mine too! :) :)
05/07/2021 7:39 PM
influenza19 Penang move to phase two NRP (80% worker on site) + capacity expansion will be done in july or august.
Dividend in .. Great!
05/07/2021 8:22 PM
hwtham Tabung Haji buying 500K every day and the price is dropping ???
06/07/2021 5:52 PM
kl_guy q-report will be out last week of july. Think there is good news out . If not why tabung haji buying everyday.
07/07/2021 3:05 PM
influenza19 KUALA LUMPUR: Globetronics Technology Bhd could be looking at a softer second quarter before things start picking up in the second half of the year, says AmInvestment Bank Research.

The research house said via its channel checks, the key sensor customer’s qualification programmes for the next generation of light and gesture sensors have not been halted and mass production is still set for June 2021 and July 2021 respectively as planned.

I dont think next quarter report (2Q2021) will be exciting, but expecting result to pick up for 3Q2021 and 4Q2021.
07/07/2021 3:48 PM
KooSan Tabung Haji quietly sapuing.....
09/07/2021 9:37 PM
awesome20 keep sapu but stagnat
11/07/2021 6:44 PM
newbie2y they pandai oso la, stagnant time only sapu...rising time is most retailers' sapu time.."=_=
11/07/2021 9:34 PM
hwtham EPF is selling. Why? EPF vs TH, who is a better fund investor?
12/07/2021 10:01 AM
SHQuah EPF buying
13/07/2021 7:02 PM
kl_guy good news for semicon company
https://www.thestar.com.my/business/business-news/2021/07/14/semicon-equipment-makers-forecast-global-sales-to-exceed-rm420b
14/07/2021 2:25 PM
kl_guy TSMC make profit , will gtronic bring good news in coming week q-reprt.

https://klse.i3investor.com/blogs/future_tech/2021-07-15-story-h1568007831-TSMC_posts_11_profit_rise_record_revenue_in_Q2_on_global_chip_demand.jsp
15/07/2021 2:38 PM
GooShen Don’t dream lar woi
Downtrend and dead cat jump, you go catch knife for what?
Too much money to lose ?
15/07/2021 4:57 PM
Bgt 9963 Good luck.!
16/07/2021 4:46 PM
Ron90 the only lousy semicon counter !!.. useless, other counter already up but this one hopeless...
17/07/2021 3:24 AM
GooShen Told you already mar
Why no listen?
19/07/2021 2:23 PM
PooShen GooShen average 6.25 in TOPGLOV lol

Shows what kinda investor he is lmao
19/07/2021 5:19 PM
KooSan 6.25? Why so So Hai
19/07/2021 10:06 PM
GooShen Post removed. Why?
19/07/2021 10:26 PM
sonichead https://www.cnbc.com/2021/07/14/apple-iphone-production-said-to-increase-by-as-much-as-20percent-report.html

gtronic should benefit as its customers all deal with apple one
21/07/2021 9:04 AM
PooShen GooShen average 6.25 in TOPGLOV lol

Shows what kinda investor he is lmao
22/07/2021 4:35 PM
kl_guy ALL tech company moving , when are you moving gtronic?
23/07/2021 11:16 AM
Jeffson87 Keep kena roadblock and push down. . Buyer see liao also not motivated.. JHM price is reaching us... Haiz
23/07/2021 11:49 AM
GooShen Post removed. Why?
23/07/2021 4:24 PM
influenza19 Hard roadblock around 2.30..
26/07/2021 8:19 PM
Bgt 9963 Good luck.!
26/07/2021 8:21 PM
blackchicken Globetronics Technology Bhd saw its net profit jump 24.45% to RM6.25 million in the second quarter ended June 30, 2021 (2QFY21) from RM5.02 million a year earlier, on higher volume loadings and a better mix of products.
27/07/2021 7:01 PM
Mr.Sm Invest123 not bad
27/07/2021 8:36 PM
keychain IB tp can not listening. Only the story is true, tp set shiok only. Now Maybe already overvalue.
28/07/2021 11:26 AM
kl_guy gtronic kena hantam. wait till hantam over. better stay sideline.
28/07/2021 11:29 AM
Hl123456 Genetec lost making company also RM20 lo...
GT every year make profit but price only RM2 ..???
28/07/2021 12:53 PM
Hl123456 director dont know how to goreng ..
28/07/2021 12:54 PM
amet2017 Earnings season is where market maker take chance to move the market due to the news out. In addition IB will start issuing out their analysis.
28/07/2021 1:33 PM
Pennyloo how is tmr price? up up
28/07/2021 7:18 PM
Mr.Sm Invest123 分析:MIDF投资研究 29/7/2021

目标价:3.22令吉

最新进展:

东益电子(GTRONIC,7022,主板科技股)2021财年次季,净利年增24.5%至625万1000令吉。

同时,归功于部分客户的销量走高和达到更好的规模经济效益,次季营业额年增3.3%至4640万3000令吉。

首半年来看,东益电子净利年增18%至1878万8000令吉,营业额年增3%至1亿179万8000令吉。


行家建议:

东益电子上半财年业绩表现低于预期,仅分别占我们与市场上半财年预测的25.3%和26.3%。

但根据过往记录,该公司在下半财年业绩通常会较好。

东益电子有许多拓展业务的计划,包括扩大槟城厂房空间30%,和增加激光汽车前照灯产量,进而提升固态照明(SSL)或发光二极管(LED)业务。

此外,它也继续努力与奥地利客户合作开发新一代传感器。

目前维持盈利预测不变。维持3.22令吉目标价,相当于2022财年26倍本益比。

不过,我们将评级从“中和”上调至“买入”,主要是该公司长期前景仍具吸引力,在高科技传感器产品方面的专业可在多个领域发挥所长。

另外,有新一代智能传感器的业务支撑,以及LED业务也会得益于汽车市场的复苏,未来盈利增长预计将更稳定。
28/07/2021 10:43 PM
Mr.Sm Invest123 Globetronics expertise in high-tech sensor products in demand

PETALING JAYA: Semiconductor testing firm Globetronics Technology Bhd’s financial results came in below expectations of analysts but its outlook remains “attractive.”

That’s according to MIDF Research, which said all in all, the company’s first half (H1) of financial year 2021 (FY21) financial performance came in below its and consensus expectations, accounting for 25.3% and 26.3% of the H1 earnings estimates respectively.

The company reported a net profit of RM6.25mil for the second quarter ended June 30 from RM5.02mil a year ago. Revenue improved 3% to RM46.4mil.

“We opine that Globetronics’ prospects are still interesting in the long term, as the group’s expertise in high-tech sensor products could be leveraged onto various applications,” the research unit said.

Moving forward, it said it was expecting a more consistent earnings growth, mainly supported by the group’s new generation of smart sensors which include light, gesture and motion sensors.

“In addition, the recovery in the automotive market would also lend support to the group’s light-emitting diode or LED business. All factors considered, we are upgrading our recommendation to a ‘buy’ from ‘neutral’ previously,” said MIDF. In the quarter under review, Globetronics said the higher net profit achieved was mainly due to higher volume loadings from certain customers and a better product mix achieved.

It also warned that its financial performance may continue to be impacted by the Covid-19 outbreak and the disruption of economic activities arising from continuous changes in the implementation of the movement control order, lockdown or stay at home order.

“The group will continue to focus on escalating up the value chain and riding on the research and development (R&D) initiatives in new product designs and development with our key customers moving forward,” it said.

In its report, MIDF said the company’s numerous plans to expand its business such as its ongoing factory space expansion, ramp up of laser automotive headlamps and its continuous efforts to co-develop new generation sensors with its Austrian customers are likely to drive its growth ahead.

“We are rolling forward our valuation base year to FY22 but our target price of RM3.22 remains unchanged, premised on pegging FY22 earnings per share of 12.4 sen against a price earnings ratio of 26 times,” it said.

Globetronics’ revenue for the quarter under review was 16% lower compared with the quarter before it, while net profit plunged 50% on the same basis, largely due to lower volume loadings of products.
29/07/2021 11:39 AM


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