GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.545

Today's Change

-0.01 (1.80%)

Day's Change

0.54 - 0.56

Trading Volume

8,946,500


17 people like this.

8,814 comment(s). Last comment by KimSua 14 hours ago

5354_

4,826 posts

Posted by 5354_ > 1 week ago | Report Abuse

Ex-boss Ng Kweng Chong(GT founder if not mistaken) if ask i3 members nobody have news? RM 140 million cash what he do? Retire happily enough?

joyvest

10,542 posts

Posted by joyvest > 1 week ago | Report Abuse

The sudden surge is illusionary .....

joyvest

10,542 posts

Posted by joyvest > 1 week ago | Report Abuse

It is believed that 60m is unaccounted for but is sitting as other receivables. Basically, the said amount is gone with the wind and pending for impairment. When questioned, their preposterous explanation is that the said amount is a placement of deposit to secure sales..... WTH

Bursino

319 posts

Posted by Bursino > 1 week ago | Report Abuse

I think Joyvest is doing good here to keep the management in check with her postings.

joyvest

10,542 posts

Posted by joyvest > 1 week ago | Report Abuse

The Management have yet to explain the reason why the incumbent KPMG resigned. They resigned for a valid reason. What is the valid reason ? You Know very well that the incumbent KPMG is bound by the terms of engagement to carry out their duties of audit from one AGM to another AGM though they have the right to resign during the terms of their office ( before expiry of their terms of engagement )

Posted by newlifenolie > 1 week ago | Report Abuse

joyvest is giving a correct mindset of a shareholder that this company is not a toy for management to play with. Lets see today's QR, it will prove who is the right one.

coolinvestor

1,267 posts

Posted by coolinvestor > 1 week ago | Report Abuse

Well gtronic for these new management & APB is their only crown jewel. if they F it up...habis lo

So am glad to see the new management working well.
At least they know now not to F it up.
Gonna give them a chance now. Keep bringing in new tech and partnerships.
In the semicon line, you have to keep adapting and push into new techs.
AI and data centers seems to be the future.....so at least they are smart enough to go into it.

not like our silteraa or inari....too cushy and comfy with thier cash cows dy.

Posted by NatsukoMishima > 1 week ago | Report Abuse

Siltera is a gem bro , be patience ,dnex will skyrocket !

coolinvestor

1,267 posts

Posted by coolinvestor > 1 week ago | Report Abuse

ya keep dnex for 10 years....sure can skyrocket....lol

fortunefire

1,523 posts

Posted by fortunefire > 1 week ago | Report Abuse

KWSP starts buying?

5354_

4,826 posts

Posted by 5354_ > 1 week ago | Report Abuse

EPF was once GT major shareholders why cannot return?

Posted by fortunefire > 10 minutes ago | Report Abuse

KWSP starts buying?

joyvest

10,542 posts

Posted by joyvest > 1 week ago | Report Abuse

EPF will not return , not in a million years............ you can forget about it...........EPF and LTH are expected to exit in time to come...

5354_

4,826 posts

Posted by 5354_ > 1 week ago | Report Abuse

APB still down today and yet to report likely big loss QR not only Q3 but Q4 as well.

BabyBee

21 posts

Posted by BabyBee > 1 week ago | Report Abuse

Next week
"Lau Sai"

Ryanlim83

26 posts

Posted by Ryanlim83 > 1 week ago | Report Abuse

If they unable to report QR today and delay to another date there will be more selling down next week

Posted by newlifenolie > 1 week ago | Report Abuse

Gg it’s a doom

curiousq

1,129 posts

Posted by curiousq > 1 week ago | Report Abuse

OMG!! first ever loss reported?
-5m

Posted by EatCoconutCanWin > 1 week ago | Report Abuse

Results good will drop, results bad will up for sure. Lol

coolinvestor

1,267 posts

Posted by coolinvestor > 1 week ago | Report Abuse

Been reading up on this poet tech canada company.
Poet is expanding its production capacity to meet the AI demand.
So poet is partnering with gtronic
U guys can google poet technologies

Looks good with the optical tech.
Should show good results in the future. But must wait lo.
Now is the time to invest at a cheap price. Lol. Or wait for cheap cheap price to buy n hold
Buy at your own risk.lol

Eric Fong

1,201 posts

Posted by Eric Fong > 1 week ago | Report Abuse

True.
Do your own homework and ignore outside noise to make decision.
Buy at our own risk.

coolinvestor

1,267 posts

Posted by coolinvestor > 1 week ago | Report Abuse

Eric fong thx for info. I think looks good. But management must of course keep up the work. Lol

coolinvestor

1,267 posts

Posted by coolinvestor > 1 week ago | Report Abuse

Gtronic is crown jewel of apb after all

geary

6,391 posts

Posted by geary > 1 week ago | Report Abuse

newlifenolie
joyvest is giving a correct mindset of a shareholder that this company is not a toy for management to play with. Lets see today's QR, it will prove who is the right one.
1 day ago
Q at...@0.30/share... that's reasonable price...!?

Posted by NatsukoMishima > 1 week ago | Report Abuse

I q at 10 sens , really hope can buy more 100k units at cheap price !

curiousq

1,129 posts

Posted by curiousq > 1 week ago | Report Abuse

yes, q @10sen is very wise ..... down side is very limited

linheng

1,378 posts

Posted by linheng > 1 week ago | Report Abuse

Forex loss of 8.1m. If not got profit

linheng

1,378 posts

Posted by linheng > 1 week ago | Report Abuse

Despite the uptick in revenue, the Group faced a loss before tax of RM4.1 million for the current quarter ended 30 September 2024, as opposed to a profit before tax of RM6.5 million in the immediate preceding quarter ended 30 June 2024. This was largely due to a foreign exchange loss of RM8.1 million recorded in the current quarter, compared to a marginal gain of RM0.1 million in the immediate preceding quarter ended 30 June 2024. The foreign exchange challenges have impacted profitability, highlighting the continued headwinds faced by the industry.

linheng

1,378 posts

Posted by linheng > 1 week ago | Report Abuse

If 60m was siphon off, why the accounts on 30 Sept 2024 still show a cash of 139,842,000

linheng

1,378 posts

Posted by linheng > 1 week ago | Report Abuse

GLOBETRONICS TECHNOLOGY BHD
Registration No. 199601037932 (410285-W)
INTERIM REPORT FOR THE FINANCIAL QUARTER ENDED 30 September 2024
Condensed Consolidated Statement of Financial Position
The figures have not been audited
Note As at As at
30/9/2024 31/12/2023
RM'000 RM’000
Assets
Property, plant and equipment 21 67,813 72,592
Investment properties 13,177 13,473
Investment in an associate 5,605 5,259
Other investments 6,412 6,733
Deferred tax assets 836 836
Prepayments 842 186
Total non-current assets 94,685 99,079

Inventories 7,327 6,223
Current tax assets 177 99
Trade receivables 23 18,494 19,490
Other receivables, deposits and
prepayments 65,005 1,042
Cash and cash equivalents 139,842 210,110
Total current assets 230,845 236,964

Total assets 325,530 336,043

curiousq

1,129 posts

Posted by curiousq > 1 week ago | Report Abuse

boss of APB is honest person?

coolinvestor

1,267 posts

Posted by coolinvestor > 6 days ago | Report Abuse

Gtronic is the crown jewel of APB. So I dont think they will want to F up GTronics.

Too important for them. so relax.....lol

Posted by FlyingEagle > 5 days ago | Report Abuse

Revenue drop, profit drop. still got hope? umm............

Posted by NatsukoMishima > 5 days ago | Report Abuse

Temporary only

Posted by newlifenolie > 5 days ago | Report Abuse

Looks like spreading good news before bad QR is helpful. Only drop 2.73%

Posted by NatsukoMishima > 5 days ago | Report Abuse

People keeps looking for new business for turnaround lah bro , u want gtronic drop to 1 sen kah , if like that everybody all in kaw kaw !

Posted by EatCoconutCanWin > 5 days ago | Report Abuse

The CEO keep on goreng stock and didnt listen to employee that buying bitcoin and coin base is earning money. Now the ceo no dare to gamble as burn his hand and keep loan money from ah long

cK1973

1,971 posts

Posted by cK1973 > 4 days ago | Report Abuse

long way to go ....
RM1?

coolinvestor

1,267 posts

Posted by coolinvestor > 3 days ago | Report Abuse

heard old boss bought back his shares.....take it with a pinch of salt

dunno true or not

limch

3,280 posts

Posted by limch > 3 days ago | Report Abuse

2023 GT RM 1.5 in Dec? 2024 75 sen(50% discount from 2023) Dec can get?

coolinvestor

1,267 posts

Posted by coolinvestor > 3 days ago | Report Abuse

limch its like you are asking people to tell the future

u think boleh ka?

dun be naive. there is no such thing.
always buy at your own risk

Posted by NatsukoMishima > 3 days ago | Report Abuse

@coolinvestor

1,266 posts

Posted by coolinvestor > 1 hour ago | Report Abuse

heard old boss bought back his shares.....take it with a pinch of salt
_______
Sell rm 2 , buy back around 50 sens + new business keeps flow in = a very smart boss !

newbie9893

2,387 posts

Posted by newbie9893 > 3 days ago | Report Abuse

don't play play.....this round should be real uptrend, just buy as much as you can

coolinvestor

1,267 posts

Posted by coolinvestor > 3 days ago | Report Abuse

again take it with a pinch of salt dunno true or not.

buy at your own risk lo

newbie9893

2,387 posts

Posted by newbie9893 > 3 days ago | Report Abuse

Can reach Rm0.70 this time, you are going to be Rich, mortgage your house, car & withdraw all FD money to invest in GTRONIC now .. trust me

Posted by findfreedom > 2 days ago | Report Abuse

I am in the bank now.. newbie don't let me down.. I trust you..

KimSua

518 posts

Posted by KimSua > 16 hours ago | Report Abuse

63 million lost in change in trade receivables. Write off or customer return, or bogus sales inventory? Anyone knows

KimSua

518 posts

Posted by KimSua > 14 hours ago | Report Abuse

If the rumoured 60m unaccounted is due unrealised sales or inventory write off due whatever reasons, wrong specs /obsolete/change of demand etc..., then operations wise is not at risk if this is fully reported. However if audit finds any criminal intend to falsified the numbers, don't expect institutions funds to come in.

KimSua

518 posts

Posted by KimSua > 14 hours ago | Report Abuse

Support level seems to be reach, should not go below 0.53

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