Posted by nhbeen > 2023-12-17 11:03 | Report Abuse

@nigel foo. Any link to the Edge's news that can be shared? Thanks

Posted by Tanleechoo > 2023-12-17 13:33 | Report Abuse

公积金局最大股东 东益创办人拟售股权 https://www.klsescreener.com/v2/news/view/1249625

Posted by longtermvalue > 2023-12-18 09:35 | Report Abuse

https://klse.i3investor.com/web/blog/detail/dailypulse/2023-12-13-story-h-212458435-Globetronics_May_Edge_Higher_on_Rumours_of_New_Controlling_Shareholder

Posted by Jack888 > 2023-12-18 09:42 | Report Abuse

Chances to buy more..

Posted by FLYER > 2023-12-18 13:41 | Report Abuse

https://www.klsescreener.com/v2/news/view/1249939/apb-proposes-acquisition-of-10-41-stake-in-globetronics

Posted by gooman > 2023-12-18 18:08 | Report Abuse

https://theedgemalaysia.com/node/694383

Posted by gooman > 2023-12-18 18:09 | Report Abuse

KUALA LUMPUR (Dec 18): APB Resources Bhd is acquiring 70 million shares in Globetronics Technology Bhd, representing a 10.41% stake in the Penang-based semiconductor manufacturer, for RM140 million cash.
The consideration of RM140 million or RM2 per share is a 16% premium to Globetronics' share price of RM1.73 at the time of writing.

Posted by nhbeen > 2023-12-18 21:49 | Report Abuse

New seller proposed to buy at RM2 per share but GTronic's share price turned south and nose dived after early morning gain. Probably most investors did not seem to like the proposed acquisition because there is no business synergistic value.

Posted by nhbeen > 2023-12-18 21:51 | Report Abuse

Need to observe tomorrow's price movement as today's transcated volume is very high as compared to past few weeks. Seem that either buying interest was there or investors were busy averaging their holding cost.

Posted by anonymous91 > 2023-12-18 22:19 | Report Abuse

Buy on rumors sell on news, news out jor

Posted by fortunefire > 2023-12-19 09:14 | Report Abuse

oh no..... keep dropping....

Posted by zonefinder > 2023-12-19 09:56 | Report Abuse

If can acquire Globe at 1.65 now, why want to pay 2 for 70m?

Posted by fortunefire > 2023-12-19 09:58 | Report Abuse

time to collect before it reaches 3.x

Posted by longtermvalue > 2023-12-19 10:35 | Report Abuse

Recent volatility due to the emergence of new substantial shareholder. Also to shake out short term buyers in order to aim for long term uptrend

Posted by cooledhawk123654 > 2023-12-19 15:01 | Report Abuse

change in major shareholder, not sure got the competence to run the company??

Posted by nhbeen > 2023-12-19 15:14 | Report Abuse

It was reported the new shareholder is sending a representative to the board of Gtronic. However, the basic truth is there is no synergistic value between 2 companies as they are in different industries at all. I believe this is why the share price of both companies tanked these 2 days.

Posted by nhbeen > 2023-12-19 15:16 | Report Abuse

The question is how far the share price of Gtronic is moving downward since its later business performance is not encouraging as well for the past few quarters. Unless there is a good prospect that the company is launching new products or boosting revenue of existing products, its share price is not going anywhere.

Posted by cooledhawk123654 > 2023-12-19 15:47 | Report Abuse

agreed, no synergy

Posted by Tanleechoo > 2023-12-19 16:37 | Report Abuse

Why the current owner want to dispose off ?

Posted by nigel foo > 2023-12-19 17:19 | Report Abuse

the "current owner" has been acting like a professional manager for Gtronics since early 2000 after letting go his controlling stake by selling to institutional funds such as EPF (holding 14% now). From annual report, his sons are finance professionals and not engineers. I guess he's retiring.

Posted by 9trader > 2023-12-19 17:20 | Report Abuse

https://9shares.my/%e7%83%ad%e8%82%a1%e8%bf%bd%e8%b8%aa%e2%94%80-%e6%8a%95%e8%b5%84%e8%80%85%e8%af%84%e4%bc%b0%e4%b8%9c%e7%9b%8a%e7%94%b5%e5%ad%90%e8%82%a1%e6%9d%83%e5%8f%98%e5%8a%a8-apb%e5%8a%a0%e5%85%a5%e8%b4%a1/

Posted by 9trader > 2023-12-19 17:21 | Report Abuse

I think this level is good to go in and wait

Posted by nigel foo > 2023-12-19 17:45 | Report Abuse

APB Berhad Independent Director APPOINTMENT - TAN TEIK HSIUNG on 15-Jun-2023. He has 21 years of experience in semiconductor, director of Infineon Kulim.

Posted by Tanleechoo > 2023-12-19 17:51 | Report Abuse

Tqsm Nigel for Yr sharing .. u know this co well . Tqsm again

Posted by nigel foo > 2023-12-19 18:09 | Report Abuse

Anyhow, not easy for APB financially to take control of Gtronics.

Posted by gooman > 2023-12-19 22:22 | Report Abuse

https://techreport.com/news/malaysia-becomes-major-hub-for-chinese-companies-high-end-chips-report/

Posted by gooman > 2023-12-19 22:28 | Report Abuse

The rise of test equipment giants amid tech boom

Over the past few decades, the Malaysian semiconductor scene has largely been dominated by the labour-intensive outsourced semiconductor assembly and test (OSAT) companies.

Companies like Inari Amertron Bhd, Malaysian Pacific Industries Bhd (MPI), Unisem (M) Bhd, Globetronics Technology Bhd and KESM Industries Bhd were established to provide outsourced services such as assembly, packaging and testing to multinational corporations (MNCs) that include Advanced Micro Devices, Analog Devices, Agilent Technologies (formerly Hewlett Packard), Broadcom, Lumileds, Jabil, Renesas, Western Digital, Intel, Dell, Osram, Infineon and Micron. These foreign companies set up operations in Malaysia, most of them in Penang, with some starting as early as the 1970s.

Posted by fortunefire > 2023-12-21 13:11 | Report Abuse

think uncle ooi should have known about the acquisition

Posted by Tanleechoo > 2023-12-22 17:24 | Report Abuse

Keep go South ? What is the next support level ?

Posted by soon9913 > 2023-12-28 16:31 | Report Abuse

if Gtronic is such good prospect why founder wan to sell ?

Posted by gooman > 2023-12-29 08:41 | Report Abuse

South Korea chip output rises as demand improves
https://www.taipeitimes.com/News/biz/archives/2023/12/29/2003811294

Posted by Tanleechoo > 2023-12-29 17:35 | Report Abuse

Continue to issue Esos for dilution… staff benefit is ok but co Eps keep dipping ..

Posted by nhbeen > 2023-12-30 12:58 | Report Abuse

@Tanleechoo. You are right. I saw that the Company keeps issuing ESOS to rewward its employee. But at the same time, the Company's performance such as revenue and profitability keeps dropping. Should they receive ESOS under such circumstances? Questionable.

Posted by Tanleechoo > 2023-12-31 17:19 | Report Abuse

How many employees spend time tracking n trading the stock rather than focus on the work to create value for the co ?? Ppl wan fast money today.. so far how many % of co in KLSE issue Esos quite regularly to employees?

Posted by fortunefire > 2024-01-03 14:22 | Report Abuse

tp 3.x is possible

Posted by Tanleechoo > 2024-01-03 18:35 | Report Abuse

Bros , based on what to hit 3… any new product or new owner has new business to inject in ?

Posted by TheThird > 2024-01-04 13:14 | Report Abuse

Hi all. please look into the tie up with India based fabricator Kaynes technology

https://www.youtube.com/watch?v=88L7v4YMBD8

Posted by longtermvalue > 2024-01-17 10:32 | Report Abuse

What is happening to Gtronic?

Posted by NorthernStar > 2024-01-17 11:03 | Report Abuse

run run. short sell starting.

Posted by Jnlee > 2024-01-17 11:11 | Report Abuse

related to APB

Posted by longtermvalue > 2024-01-17 11:25 | Report Abuse

Can explain what relation APB to other 2 companies?

Posted by TonsilBasher > 2024-01-17 13:01 | Report Abuse

what is happening man?

Posted by dompeilee > 2024-01-17 17:21 | Report Abuse

What happened to i3 resident Jipenis' favourite tech play? 2day DABABOMMMMMBED!!!!🤣

Posted by Medusa > 2024-01-18 09:15 | Report Abuse

Ya tp 3.xx

From RM 1.90 drop to RM 1.41

Drop more buy more

Drop more buy more

Drop more buy more

X blh tahan sell all

Kikiki…

Posted by fortunefire > 2024-01-18 10:32 | Report Abuse

anyone kena trapped?

Posted by EngineeringProfit > 2024-01-18 15:26 | Report Abuse

NO. After selling at recent, start recollecting for another round of profit$$$$$. No fears

Posted by fregend > 2024-01-18 15:26 | Report Abuse

Good counter will rebound, just negative sentiment and margin call effect

Posted by Blue Tulip > 2024-01-18 15:28 | Report Abuse

Some investors have been conducting large-scale naked short selling as a “common practice." When will Malaysia ever learn?

Posted by EngineeringProfit > 2024-01-18 16:05 | Report Abuse

After selling at recent peak, start recollecting at discounted price now....hehe

Posted by EngineeringProfit > 2024-01-18 16:07 | Report Abuse

Got see I sapu or not?