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

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Success or fail after 6 months we will know , during that time i hope joyvest dont hiding in hole !

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Tkkiong , u must be strong n believe in your self otherwise u will simply cut loss n lose your money , gtronic fundamental is very strong !

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Dont give up , gtronic will be back stronger with new customers !

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Fundamental is one thing,the integrity of management is another thing.

Ever since the founder and his partners have realised their shareholdings,the performance of the company has been under par from one season to another season. You can lie but the figures don't lie...



Posted by Jonathan Keung > 2 weeks ago | Report Abuse

Whether we buy or sell really depends on your own entry price. Buy low betw 53-54 wait for the rebound.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

The cheapest has yet to come neither has the rebound...

Tanleechoo

424 posts

Posted by Tanleechoo > 2 weeks ago | Report Abuse

Some comments are v good n objectives ..your own money u decide !

Tanleechoo

424 posts

Posted by Tanleechoo > 2 weeks ago | Report Abuse

Just don’t feel disturbed or annoyed if some comments don’t match what yr mind … only u r the current directors of gtrnic then u know what is happening n may happen

Posted by Shareview123 > 2 weeks ago | Report Abuse

Gtronic is trading at 10 years historical low, subject to misuse of funds and
cases like
Fitters and CFM, it appears an opportunity for Short term rebound.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

The so called "missing cash of 60m" has been reclassified under " other receivables" . Other receivables can be taken as "non-trade receivables" which have nothing to do with trade in the normal course of business. Other receivables/non-trade receivables include but not limited to " Advance/loan to third parties'' , '' intercompany loans to related parties" , "any non-trade bills such as consultancy fees " , any designated accounts " be it real or fabricated etc etc. My point is that if the transactions arising in "other receivable/non-trade receivables" are legitimate, there is no need for the incumbent auditors to resign before the expiry of their terms of office. It is believed that the said transactions are unverifiable and uncollectible coupled with the uncooperative attitude of the Management , the auditors just called it a day and quitted.

Nevertheless, the " hole" created by the company must be "filled "ie the "other receivables" must be " collected". It remains to be seen as to how the " hole" could be filled by the Company . From the way it goes, it is likely to be impaired.

Posted by Shareview123 > 2 weeks ago | Report Abuse

If you buy around 0.53-0.55, and able to sell

0.63, returns = 0.63 ÷0.55 = 14.50%

0.68, returns = 0.63 ÷0.55 =23.63 %

0.75, returns = 0.75 ÷ 0.55 = 36.63 %

Posted by GlobalEquity > 2 weeks ago | Report Abuse


"Chronic Death March"!

paulthesotong

2,774 posts

Posted by paulthesotong > 2 weeks ago | Report Abuse

APB as a submarine

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Buy in average 0.545

Posted by InfinityTifanny > 2 weeks ago | Report Abuse

Start bottoming up from 52 cents ⤴

fruitcake

829 posts

Posted by fruitcake > 2 weeks ago | Report Abuse

its over. revenue2.0. RUN

fruitcake

829 posts

Posted by fruitcake > 2 weeks ago | Report Abuse

did you see revenue recover? gpacket? dnex? and the list continue....

SCM2023

95 posts

Posted by SCM2023 > 2 weeks ago | Report Abuse

There are many kind people on i3 who keep giving warnings to investors with good intentions. Thank you for the warnings and information. Investors just need to do their own research and due diligence. I wish those who bought the shares like me will earn handsomely for the risk we took.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Risk Taker vs Risk Averse

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

If GT no rebound meaningfully APB will report >RM 100 million paper loss coming Sep QR; more than 60 million cash so call "hide".

paulthesotong

2,774 posts

Posted by paulthesotong > 2 weeks ago | Report Abuse

As expected EPF exited.

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

EPF lose so much selling cheaply. How 2024 EPF dividend can be good?

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

Who buy EPF and Tabung Haji shares?

paulthesotong

2,774 posts

Posted by paulthesotong > 2 weeks ago | Report Abuse

Who bought? Let'S ask JVest?

Bryson

31 posts

Posted by Bryson > 2 weeks ago | Report Abuse

boss bought back?

limch

3,186 posts

Posted by limch > 2 weeks ago | Report Abuse

10th Sep EPF & Tabung Haji <5% stake. closing GT price is 54 sen; today 1 sen higher.

pang72

50,971 posts

Posted by pang72 > 2 weeks ago | Report Abuse

pang72

50,660 posts

Posted by pang72 > 1 day ago | Report Abuse

Lembaga haji cease to be substantial shareholder ahead of EPF..

pang72

50,660 posts

Posted by pang72 > 1 day ago | Report Abuse

The action is fast n furious for GLC lesson learn in CEB


pang72

50,660 posts

Posted by pang72 > 1 day ago | Report Abuse

Tmr is epf to announce Ceasing as substantial shareholde

pang72

50,971 posts

Posted by pang72 > 2 weeks ago | Report Abuse

Sudah cakap epf selling like no tomorrow lo

pang72

50,971 posts

Posted by pang72 > 2 weeks ago | Report Abuse

Cun cun

pang72

50,971 posts

Posted by pang72 > 2 weeks ago | Report Abuse

Next crashing is APB

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Yes ,

ABP is believed to be next in line with the expected plummet. It is learnt that APB has borrowed more than 150m to fund the purchase of Gtronic at RM 2.00 each for 140m.Their investment in Gtronic has suffered more than 75% loss in share value due to recent horrendous melt down of Gtronic in share value.

APB has been performing below par. They are expected to report significant loss in their upcoming QR due to the said melt down

EVO118

2,096 posts

Posted by EVO118 > 2 weeks ago | Report Abuse

Going to end up like Sumatec.

EVO118

2,096 posts

Posted by EVO118 > 2 weeks ago | Report Abuse

Globetronics plunges 33% as KPMG resigns as auditor.
https://www.freemalaysiatoday.com/category/highlight/2024/09/10/globetronics-plunges-33-as-kpmg-resigns-as-auditor/
Do we need more hints? Stop being in denial. Learn from past history.

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Congrats to all gtronic share holders because the biggest cut vege machine already left , now is the time for Ah Ooi to show hand !

EVO118

2,096 posts

Posted by EVO118 > 2 weeks ago | Report Abuse

Won't be long before it join the Serba Dinamik Club. All the signs are there, just need to open your eyes. This is not an investment. If you are still holding, you are basically gambling for short term.

fregend

562 posts

Posted by fregend > 2 weeks ago | Report Abuse

Actually after epf and tabung haji disposed, its easier to goreng haha maybe new shareholder coming in at discount price

fregend

562 posts

Posted by fregend > 2 weeks ago | Report Abuse

Last time 2020 mah sing epf keep selling at 0.45 range then finish disposed mah sing fly high lol

miomio

7 posts

Posted by miomio > 2 weeks ago | Report Abuse

fregend.. Is GT problem same as SD?

fregend

562 posts

Posted by fregend > 2 weeks ago | Report Abuse

Only time will tell but for now enjoy the ride

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Good job. Buy on Monday. Up 20%

gsi723

907 posts

Posted by gsi723 > 2 weeks ago | Report Abuse

habis.

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

APB has borrowed RM 140m or more to purchase Globetronic for RM 140m at RM2.00 per share.

Now that the share price stands at RM 0.55 .Basically APB has lost more than 75% investment loss due to recent heavy melt down of Gtronic. It is expected that the said loss will be impaired resulting in huge loss of its upcoming QR. Who bears the loss ? The investors across of course . Good luck guys

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Though EPF and LTH have ceased to be the significant shareholders ,it is believed that EPF and LTH are expected to continue to off load their remaining shareholdings in the company in days to come till complete exit of their entire investments . It is believed that EPF and LTH are off loading their shareholdings gradually to avoid subtle plummet to the detriment of their investments. As said, the cheapest has yet to come and imminent rebound is out of the question.

tkkiong

24 posts

Posted by tkkiong > 2 weeks ago | Report Abuse

joyvest got the point !

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

Dont underestimate the " decision to dump " of the EPF and LTH, it is believed that their '' intelligence units" are second to none....

tkkiong

24 posts

Posted by tkkiong > 2 weeks ago | Report Abuse

一班老千! apb directors wanted to sphone away the money before leaving . game over for this stock . dump your shares now.

https://klse.i3investor.com/web/blog/detail/Abidin/2024-08-01-story-h-155233918-APB_ADDRESSES_AUDITOR_S_MODIFIED_OPINION_ON_FINANCIAL_STATEMENTS_REASSU

joyvest

10,424 posts

Posted by joyvest > 2 weeks ago | Report Abuse

It is learnt that APB Resources Bhd (APB) external auditor, Baker Tilly Monteiro Heng PLT, has issued a " qualified opinion" on the company's audited financial statements for the period ending March 31, 2024.

Such "Qualified Opinion" indicates that there have been serious material negative implications in APB ." Qualified Opinion " indicates the financial statements contain material misstatements and /or omissions. Readers should regard the statements with caution. The reason for the " qualified opinion " is usually provided in the Audited Financial Statements .

Judging from the above, its share price is expected to plummet fast and furious....

The_JQuestion

1,647 posts

Posted by The_JQuestion > 2 weeks ago | Report Abuse

no need to RUSH i interested get APB shares wait it stabilise... its good stock ,, meanwhile Globe ill wait till new auditor comes in / they clear this mess because there is no ANSWER or REASON atm .... with information we can come back , stay away for NOW <<

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