Posted by neohts > 2021-04-28 13:05 | Report Abuse

https://www.theedgemarkets.com/article/globetronics-1q-profit-rises-15-higher-volume-loadings-better-economic-scale

I think Over sold position.....Opportunities to collect cheap.

Posted by kokchengkai > 2021-04-28 13:25 | Report Abuse

Wait below RM 2 r??? Really wan slow slow wait lor

Posted by Shadow Fiend > 2021-04-28 14:43 | Report Abuse

just read quarterly report prospect and u will know why the sell off is taking place

Posted by AngryBird > 2021-04-28 14:48 | Report Abuse

We believe that GTB is undervalued at the current share price and that investors should take advantage of this correction to accumulate the stock.

Posted by shearer202 > 2021-04-28 14:51 | Report Abuse

Rm 1.50 only consider buy or not buy because there will be volatile for their profits coming q !

Posted by shearer202 > 2021-04-28 14:53 | Report Abuse

70 % bursa tech stocks are not worth than rm 3 ! Most of them will drop back 60 % if nasdaq take profits !

Posted by AngryBird > 2021-04-28 14:58 | Report Abuse

huhu now no buy wait when? tech is future, and no crisis the price wont drop until 1.8 hehe

Posted by AngryBird > 2021-04-28 15:00 | Report Abuse

and Gtronic 1st QR always lower a bit, even AMinvest told you this, go study the report urself, dont listen to others ;)

Posted by ABSBOSS > 2021-04-28 15:01 | Report Abuse

sudah kena short ka ni

Posted by AngryBird > 2021-04-28 15:01 | Report Abuse

Get urself out of QES which PE 70+, buy Gtronic which is undervalued with PE20+, I joined after study the report during lunch ;)

Posted by millionology > 2021-04-28 15:01 | Report Abuse

@angrybird - please define your undervalued calculation. What forward PE you are using ? and how about latest Apple supply chain news?

If i look at TA, it just broke 2.30 strong support line. Meaning, it will go further down

Posted by GooShen > 2021-04-28 15:06 |

Post removed.Why?

Posted by AngryBird > 2021-04-28 15:08 | Report Abuse

@millionology, if you does not believe it, whatever i said u will still wont buy it haha, meanwhile i have buy on dip just now hehe, starting from now, if drop further, i will in more hehe

Posted by GooShen > 2021-04-28 15:10 |

Post removed.Why?

Posted by millionology > 2021-04-28 15:12 |

Post removed.Why?

Posted by AngryBird > 2021-04-28 15:16 | Report Abuse

i follow my boss, last time rm3+ i did not want to buy and finally today is the chance for me to in, even drop i believe wont drop until where ady

https://gma98.blogspot.com/2021/01/6rm298.html

Posted by AngryBird > 2021-04-28 15:17 | Report Abuse

year year profit, every QR profit, nothing to scare too much, once tech come it come

Posted by AngryBird > 2021-04-28 15:17 | Report Abuse

very obvious today is panic sell ady, is a chance to buy, i feel sorry to those who cut loss

Posted by goreng_kaki > 2021-04-28 15:49 | Report Abuse

rubbish stock, cuba tunggu 1.50

Posted by Needluck > 2021-04-28 15:54 | Report Abuse

oversold, maybe will have some technical rebound....

Posted by RainT > 2021-04-28 15:54 | Report Abuse

SELL

Posted by neohts > 2021-04-28 16:21 | Report Abuse

Bought some at 2.20.....wish me luck

Posted by brian3381 > 2021-04-28 16:30 | Report Abuse

never touch.... beter sell...

Posted by RainT > 2021-04-28 16:34 | Report Abuse

PROFIT margin not stable

up down up down

Posted by chkhooju > 2021-04-28 16:36 | Report Abuse

Gtronic, a rubbish stock! You must be mad. Well, perhaps you have had lost your pants in this counter.

Posted by Silentreader88 > 2021-04-28 16:56 | Report Abuse

observed the whole day for this stock, badly down today due to big volume seller (likely institution/big money). wether they are changing hand among them or changing portfolio within theirs. However, Last minute big volume bought prior closing but after that closing down 3 bid due to 1 single 500,000 unit thrown lower and queue buy thick now at 2.21, its likely to have some rebound on friday. semiconductor sentiment is still strong. For those still holding, dont worry much, those cut lost , be strong k no body expect this strong fundamental stock play shit today

Posted by DickyMe > 2021-04-28 17:13 |

Post removed.Why?

Posted by AngryBird > 2021-04-28 17:15 | Report Abuse

i would be very happy if it can drop to rm2 or rm1.8 or rm1.5 lol

Posted by AngryBird > 2021-04-28 17:15 | Report Abuse

please make it for me, throw all the tickets on ur hand to make it for me pls, i beg u

Posted by Garmadon > 2021-04-28 17:41 | Report Abuse

entered at 2.22. better than put money at glove

Posted by GooShen > 2021-04-28 17:44 |

Post removed.Why?

Posted by PooShen > 2021-04-28 18:12 | Report Abuse

Top Glove is next to crash

My all in at 6.25 average won't break even

Proven I am excellent PooShen

Posted by Hazmi90 > 2021-04-28 18:40 | Report Abuse

Glove no chance aldi meh ? Recent trend seems back to glove again

Posted by Hazmi90 > 2021-04-28 18:41 | Report Abuse

But I dont think can can up like previous

Posted by fragile84 > 2021-04-28 19:17 | Report Abuse

all say n talk comforting ownself.. giving fake hope that will rebound. sell when time to sell la.. buy when it is time to buy la

Posted by brian3381 > 2021-04-28 19:30 | Report Abuse

Did his manager compensate all loses if realy hapen?

Posted by apple168 > 2021-04-28 19:35 |

Post removed.Why?

Posted by hwtham > 2021-04-28 19:45 | Report Abuse

These 3 days drop triggered afternoon session margin forced selling.

Posted by SHQuah > 2021-04-28 19:58 | Report Abuse

If down below 1.5 will buy more to average down. If below 1.0, will sell all my Maybank, public bank and Tenaga and buy Gtronic.

Posted by Keyman188 > 2021-04-28 20:04 | Report Abuse

Lol...fantastic...

Buy sell...buy sell...perpetually with stage by stage...

Keyman188 average cost only about 2.32 ++

Lai...lai...lai...

Next week continue more welcome...


wkwkwk...kekeke...hehehe...

Posted by simonc > 2021-04-28 20:18 | Report Abuse

time to pick up Gtronic now that Head and Shoulder correction is over. See weekly chart for analysis.

https://imgur.com/a/qoXrc9D

Posted by AngryBird > 2021-04-28 20:42 | Report Abuse

those who want to sell just sell, i am ready to pick up ur tickets anytime at price <2.2, and sell to u again at 3+, sweet <3

Posted by HeLLo Cannot (=^x^=) > 2021-04-28 21:54 | Report Abuse

pls drop more, I queue buy at bottom

Posted by Garmadon > 2021-04-28 22:32 | Report Abuse

queing at 2.06. pls drop more tomorrow

Posted by Mr.Sm Invest123 > 2021-04-28 23:05 | Report Abuse

accumulated more today

Posted by Mr.Sm Invest123 > 2021-04-28 23:05 | Report Abuse

Globetronics Technology - Seasonal weakness in 1Q as expected
Author: AmInvest | Publish date: Wed, 28 Apr 2021, 8:58 AM

Investment Highlights
We maintain our BUY recommendation on Globetronics Technology (GTB) with unchanged forecasts and fair value of RM2.84/share, pegged to an FY22F PE of 24x. There is no price adjustment for ESG based on our 3-star rating (Exhibit 4).
GTB’s 1QFY21 results were within expectations, recording a core profit of RM11mil after excluding an RM2mil exceptional gain from unrealised forex. Although the results accounted for 16% and 17% of our and consensus full-year estimates, we consider the results to be in line due to the seasonality of its sensor product volumes, which are usually stronger in 2H.
YoY: 1QFY21 core profit rose 16% due to: (i) a 3% increase in revenue on higher volume loadings, particularly for its sensor products; (ii) better economies of scale leading to GP margins to improve by 2.9 ppts YoY to 36.2%; and (iii) lower effective tax rate.
QoQ: 1QFY21 core profit and revenue declined by 31% and 12% respectively due to lower volume loadings of its sensor products due to the shorter month and shutdown relating to Chinese New Year festivities in February–March 2021 which caused a decline in economies of scale.
Outlook: The group is cautious on the impact of the Covid-19 pandemic on operations due to the potential disruption in production capacity arising from changes in the implementation of the movement control order (MCO) as the number of Covid- 19 cases rises in Malaysia.
In its Bursa announcement, GTB reassured that recent news on competition in its customer’s segment has not been confirmed by the customer. However, based on the customer’s recent forecast, GTB is expecting to see volatile and fluctuating loadings for certain products in quarters ahead.
We make no changes to our forecasts as seasonality in GTB’s key sensor segment has been accounted for in our earnings assumptions. Furthermore, qualification programmes are ongoing while mass production of the next generation of light and gesture sensors is targeted in June 2021 and July 2021 respectively. We await further clarity on the customer’s forecasts in an upcoming conference call.

We believe that GTB is undervalued at the current share price and that investors should take advantage of this correction to accumulate the stock.
The group’s positive prospects arise form: (i) its strength in smart sensors (~60% of total group revenue) with new generation sensor demand expected to drive growth ahead; (ii) ramp-up in laser automotive headlamps to boost its LED/SSL segment; and (iii) potential opportunities from the US-China trade war that could lead to customer diversification and revenue enhancement.
Source: AmInvest Research - 28 Apr 2021

Posted by AngryBird > 2021-04-28 23:39 |

Post removed.Why?

Posted by Skywalker00 > 2021-04-29 00:56 | Report Abuse

Something must be wrong...that public doesn’t know????

Posted by Silentreader88 > 2021-04-29 09:37 | Report Abuse

If further drop, i will sell assets that i have and sell also my neighbour house and put in Gtronic :P

Posted by brian3381 > 2021-04-29 09:40 | Report Abuse

No need to sell house sell everything. Y so stuborn go against the trend. How many house u got to sell? U think u sell 10 houses u can change the trend?