GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.64

Today's Change

-0.025 (3.76%)

Day's Change

0.63 - 0.66

Trading Volume

9,780,300


17 people like this.

8,270 comment(s). Last comment by whaleing 3 hours ago

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

I have 4 words for you....."open up your minds"

Willtolive

525 posts

Posted by Willtolive > 2 weeks ago | Report Abuse

wait for the 'I told you so'

zoizai

1,476 posts

Posted by zoizai > 2 weeks ago | Report Abuse

Continue sell down good luck

Another SD company nak tipu

Willtolive

525 posts

Posted by Willtolive > 2 weeks ago | Report Abuse

'I told you so'

zoizai

1,476 posts

Posted by zoizai > 2 weeks ago | Report Abuse

Any question or query , can find your answer in Serbadk chapter. And final ending also

Posted by iCashBooster > 2 weeks ago | Report Abuse

everyday also c1bai this counter. Director con ppl

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

The cheapest has yet to come............................

Ryanlim83

19 posts

Posted by Ryanlim83 > 2 weeks ago | Report Abuse

This stock already becomes speculative stock top trading volumes everyday after EPF sold off most of their stockholdings in Gtronics

fortunefire

1,491 posts

Posted by fortunefire > 2 weeks ago | Report Abuse

parking at 0.4x now. hope it will shoot up in the next QR

Willtolive

525 posts

Posted by Willtolive > 2 weeks ago | Report Abuse

KPMG did the job

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

Iphone 16 coming soon sure GT QR bad like share price?

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

DickyMe knew EPF bought GT >RM 1 before? If 50+ sen sell meaning our 2024 dividend sure very bad?

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

Ooi Keng Thye is no1 now not APB some1 here want to spread fake news. Ooi even bought >RM 1.5 late last year.

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

If net cash company already problematic how about debt laden stocks eg YTl Power or Tenaga why so many chased their stocks high?

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

The auditors are engaged/appointed by the shareholders in the AGM to take office ( term of office) effective from the AGM to the upcoming AGM where the shareholders can vote to continue to re-appoint the incumbent auditors for another term or not . Once engaged , the auditors are obliged to report the true and fair view of the financial reports free from material irregularities etc under the companies Act ( CA)

The auditors are empowered by CA to conduct statutory audit independently and objectively without inference /duress from Top management . The auditors are at liberty to resign during their terms of office but they must explain the reasons as to why they resign in the EGM where they can shed light on irregularities or otherwise . By the same token, the top management can dismiss the auditors during their term of office , however, the incumbent auditors have the right to call for EGM where they can express their views .

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

RM 200 million cash GT has not only APB can have. Ooi Keng Thye, EPF and other shareholders also want a share.

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

If APB really need GT cash please buy GT until own 100% then you qualify to say GT cash belong to you.

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Ah ooi will keep surprise magic to all shareholder soon !

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Gtronic get smart phone testing project !

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

No need to own 100% . Once you have controlled the BOD , you control everything where the cash reserves is at your entire disposal. You can even reclassify the entire cash reserve under " other receivables" but you are expected to pay for the heavy price eventually.

Posted by anghockkeong151177 > 2 weeks ago | Report Abuse

Gtronic will rebound soon.

Ryanlim83

19 posts

Posted by Ryanlim83 > 2 weeks ago | Report Abuse

No details clarification from Gtronic management share price will not rebound so fast

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

How to rebound when the investors including the significant ones have lost faith in this counter

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

If APB want to takeover GT offer 1 APB for 1 GT maybe can consider.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

All the Management have said so far is that "business is as usual" .What they are implying is that they can condon this kind of irregularity as if nothing ugly had ever happened. Do you really believe that the investors are so dumb to believe what they say?

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

Cash reduced because park under other receivables account. If totally gone then police report must make.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Dont be so naïve. It is already gone but it is made to be " ungone/ alive " under other receivables. How it is done ? you go to check with the current management . Jf you cant get the truth from them , then go to check with KPMG who could perhaps shed light on it but I doubt they would do so.........

xiaoeh

2,516 posts

Posted by xiaoeh > 2 weeks ago | Report Abuse

Posted by limch > 4 minutes ago | Report Abuse
Cash reduced because park under other receivables account. If totally gone then police report must make.

bro,
as per my understanding
receivable isn't that money park under the account
it means money has already been forked out and supposed to be received but not yet received
correct or not ha?

Willtolive

525 posts

Posted by Willtolive > 2 weeks ago | Report Abuse

learning to read the financial report is essential

fregend

562 posts

Posted by fregend > 2 weeks ago | Report Abuse

buy some 0.525 sold 0.54 yum yum, traders find opportunity

Posted by anghockkeong151177 > 2 weeks ago | Report Abuse

gtronic will go GREEN today.

Posted by AlphaAdventurer > 2 weeks ago | Report Abuse

EPF & Lembaga Tabung Haji are still the major shareholders. Invest with confidence while it is extremely cheap

fregend

562 posts

Posted by fregend > 2 weeks ago | Report Abuse

I bet internally they are doing fire fighting now, perhaps some news from management soon

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Buy in average. This company hard to die

Posted by anghockkeong151177 > 2 weeks ago | Report Abuse

Drop from above Rm3 to now Rm0.55,company every year still profit,NTA Rm0.46.Low Debt+High Cash position I think Gtronic is below it value.TP should be at above Rm0.75 in short term.

Posted by anghockkeong151177 > 2 weeks ago | Report Abuse

Now is the good time to PRIVATE the Gtronic,if over the timing,difficult to hv this chance to buy low

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

More n more company will say goodbye to KPMG ???

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Where is the money forked out to ? Is it legally forked out ? Is " other receivable" collectible ? The truth is from the current management and the incumbent auditors,KPMG

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

It is not a matter of undervalue or what but a matter of loss of confidence in the integrity of the top management to condon this kind of irregularity

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

KPMG are reputable external auditors and their audited financial reports carry heavy weights . As such, more and more companies are expected to use them for their financial benefits

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

Ooi Keng Thye no 1 shareholders does nothing? Can appoint me to be BOD to take care your interest.

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

If APB not happy buy more GT.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

It is not a matter of cheapness but a matter of worth. It is not worth your while to take the risk despite of the fact that one men meat is another men poison...............

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

Serba case different because Karim selling out but GT APB or Ooi Keng Thye yet to sell.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

The so called " high cash cushion " is believed to be depleted faster than you and me could imagine under the interim Management. It is believed that EPF Boards and others have full knowledge of the truth. Their recent exodus was not by coincidence or out of panic.........

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Until the dark cloud is cleared by the company itself in a satisfactory manner , its share price is expected to continue to be depressed.No matter what and how it is done, it is believed that EPF Board would not invest in this company as it is once bitten twice shy....... Basically it is kiss and say goodbye forever..........

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Joyvest if u are really good at reading financial report , i think u already make loud in forum talk cock about receivable or whatever story before share price tumble ! U are just another hindsight king !

Plantermen

2,224 posts

Posted by Plantermen > 2 weeks ago | Report Abuse

Ooi & his partners sold their stalk to APB at a very high valuation { for the controlling stake} . The price has now plummeted. Business as usual is not a good answer from the Board

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

No hindsight but judging from the current circumstances surrounding the company,the share price is expected to be depressed further...

tkkiong

24 posts

Posted by tkkiong > 2 weeks ago | Report Abuse

joyvest ... ,thanks for yr analysis , but it come too late for me ! :(

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