Posted by speakup > 2 weeks ago | Report Abuse

SC dah makan dedak bro.

Posted by tkkiong > 2 weeks ago | Report Abuse

betul boleh land !

Posted by paulthesotong > 2 weeks ago | Report Abuse

Took a loan of 95m from tiger to buy 10% of GT. At this sp will force sell?

Posted by joyvest > 2 weeks ago | Report Abuse

In a nutshell, the external auditors of APB were not happy with the way in which APB transfered cash of 22m ++ to be reclassified as deposit under non-trade receivable as a result of which their auditors gave a qualified opinion.

Likewise, cash of 60m in Gtronic was done in the same manner as that of APB. It is believed that the suspicious trf was done under the order of APB.

Now then you know why KPMG was pissed off and quitted in protest...

Posted by The_JQuestion > 2 weeks ago | Report Abuse

if thats the case Good to buy ,, whatever it is wait for good News to buy in....
patient is KEY ! Management inexperienced in tackling PR , so slow ... wakkaka gonna get punished more next week

Posted by The_JQuestion > 2 weeks ago | Report Abuse

Whatever it is big hands gonna manipulate these two stocks to position they want ... just enjoy the SHOW ! interesting !

Posted by Ryanlim83 > 2 weeks ago | Report Abuse

Next Monday another huge selling down on Gtronics after announcement of EPF and LTH ceased to be substantial shareholders

Posted by EVO118 > 2 weeks ago | Report Abuse

Enjoy your Malaysia Day on Monday, don't worry about the market.

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

The kneel jerk panic seller will regret later ! Without EPF i m more happy to hold !

Posted by joyvest > 2 weeks ago | Report Abuse

Hold until you become 6.30....

Posted by joyvest > 2 weeks ago | Report Abuse

No knee Jerk panic of selling but sensible and rational selling in response and reaction to the negative implications

Posted by Unfair > 2 weeks ago | Report Abuse

Many stocks no EPF and Tabung Haji(TH) why can fly? YTL P, YTL or Ranhill got EPF and TH?

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

I more happy EPF n other swing play cut vege machine left gtronic , after that Ah ooi will only show hand ! This is not serb , something good is brewing !

Posted by GSX1111 > 2 weeks ago | Report Abuse

@TKtiong, the APM had cancel the services and fully recovered the deposit paid. Please advise how you see the director swipe away the fund ?

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

I trust malaysia warren bufett ,oii keng thye that s why i said all in gtronic !

Posted by geary > 2 weeks ago | Report Abuse

Stock: [GTRONIC]: GLOBETRONICS TECHNOLOGY BHD

5 days ago | Report Abuse

GTRONIC...Sales/Margins/Profit/Price...Not attractive enough!?
Sales/Profits/Dividends... downtrending for around #4/5-Yrs.
Plus the negative sentiment, Intraday short selling trending now... below...@0.30...will be attractive...🤞

Posted by EVO118 > 2 weeks ago | Report Abuse

“Bursa Malaysia and its subsidiaries will resume operations, and carry out trading and settlement activities as usual on Sept 17,” the stock exchange operator said in a statement last month."

Posted by limch > 2 weeks ago | Report Abuse

APB must do something fast. Take RM 60 million Gtronic cash is illegal and consider CBT case. Buy more, average down is legal.

Posted by joyvest > 2 weeks ago | Report Abuse

You trust Ah Ooi but KPMG doesnt trust him. KPMG is of the opinion that the re-classification of cash of 60m under non-trade receivables is not pervasive and is said to be highly suspicious and dodgy. Ah Ooi should not have condoned this kind of practice to the detriment of the corporate governance.

Posted by joyvest > 2 weeks ago | Report Abuse

Somesone wants to become the most significant shareholder to take over the chairmanship ??

Posted by limch > 2 weeks ago | Report Abuse

GT drop a lot APB never mind? Why APB limit down today?

Posted by cK1973 > 2 weeks ago | Report Abuse

wait below 50 first....
stay tune guys.....

Posted by xiaogumin88 > 2 weeks ago | Report Abuse

PN17 soon

Posted by joyvest > 2 weeks ago | Report Abuse

APB has suffered significant investment loss of 105m in investment in Gtronics. On top of that, the external auditors of APB has expressed a " qualified opinion" on its latest audited financial statements where the company's financial records contain material errors and misstatements.

Posted by limch > 2 weeks ago | Report Abuse

<50 sen is it wait APB sell? Today cannot see 50 sen wo.

cK1973

wait below 50 first....
stay tune guys.....

3 minutes ago

Posted by joyvest > 2 weeks ago | Report Abuse

The cheapest has yet to come in APB

Posted by joyvest > 2 weeks ago | Report Abuse

APB has borrowed significant money to buy Gtronic for 140M. APB not only now need to face with the repayment of the loan ( borrowed to buy Gtronic) but also faced with the huge investment loss of 105m in Gtronic given the current price of RM 0.550 , seriously undermining its share value. Basically, it is double blows to APB.

Posted by UncleFollower > 2 weeks ago | Report Abuse

Globetronics Technology (GTB MK/CEASE COVERAGE/RM0.55/Target: RM0.60)
Cessation Of Coverage
WHAT’S NEW
 Knee-jerk selldown on a confluence of fundamental and sentimental concerns. Note that Globetronics Technology’s (Globetronics)
share price has plunged from RM1.55 in mid-July to near a 10-year low of RM0.55, which sent its valuation down to 1.2x PBV (based on its
latest BVPS) or 12.9x 2024 PE which is close to -2SD below its average five-year forward mean PE. This could be attributed to a confluence
of fundamental and sentimental factors such as: a) risk aversion following the unwinding of yen carry trades (which saw Bursa Malaysia
Technology Index shrinking by 25% in the period), b) concerns of its earnings outlook following a weaker global outlook, and c) panic
selldown on the resignation of its auditors - Messrs. KPMG (on a voluntary basis).
 Still on a sluggish recovery. Globetronics recently reported 2Q24 net profit of RM4.3m (-25% qoq, -40% yoy), bringing 1H24 net profit to
RM10.0m (-4%) which came in below expectations. The negative deviation was due to weaker-than-expected loadings from its key
customers. Note that 2Q revenue dropped 7% which we believe was due to seasonally weaker loadings with core net profit plunging 25% on
lower operational efficiency.
 Actively scouting for new opportunities. The group had previously freed up capacity from low-margin quartz crystal timing devices
(volume loadings are expected to drop further from 8m/month in 4Q21) alongside the completion of 30,000sf of new floor space to take on
new businesses from MNC customers. It had also invested RM10m in a cleanroom facility at its Bayan Lepas plant which commenced mass
production in late-22. The group is currently in talks with new customers for new programme qualifications while having active engagements
with potential Chinese and Taiwanese customers for new business opportunities.
EARNINGS REVISION/RISK
 While we make no changes to our earnings forecasts, we factored in a conservative valuation close to -2SD below its average five-year
forward mean PBV to err on the conservative side, waiting for a clearer signal of better earnings visibility. The switch in valuation has resulted
in a change in our PE-based target price of RM1.20 on 24 August (on HOLD recommendation), to RM0.60 based on 1.3x PBV based on
2025 BVPS.
VALUATION/RECOMMENDATION
 Cease coverage on Globetronics due to a reallocation of team resources. Note that our recommendation, along with target prices and
estimates should not be relied upon following the cessation of this report.
ANALYST
Desmond Chong
+603 2147 1980
desmondchong@uobkayhian.com

Posted by limch > 2 weeks ago | Report Abuse

IB cease coverage meaning sell? So we must buy? Why IB coverage time price sky high then fall?

Posted by joyvest > 2 weeks ago | Report Abuse

From the above, no mention of whether and how the non-trade receivable of RM 60m is collectible or not and why the"reclassification " or otherwise was done which was not pervasive in the view of the incumbent Auditors. Their forward PE is a clear of indication of the expected drop in upcoming revenue. Given with the uncertainty with dark clouds ahead, it is not surprising that its TP has been significantly downgraded.

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

U think ah oii simply burn his money by shifting from fronken to gtronic ? U are totally wrong ! APB bankrupt is their problem as long as gtronic fundamental still very strong !

Posted by joyvest > 2 weeks ago | Report Abuse

Ah Oil is shifting to Gtronic with a specific agenda... He is capitalising on the high price of Fronken by realising his stake and increasing his shareholding in Gtronic at depressed price in order to gain control over the Board of Gtronic which is currently controlled by APB .

It is believed that a fierce board room tussle is unavoidable to be erupted between the sects of Ah Oil and APB. Whoever controls the Board controls the cash at his disposal. It is believed that the share price is expected to be depressed further during the said confrontation in the Board room.

Posted by InfinityTifanny > 2 weeks ago | Report Abuse

Gtronic seems to have stopped falling despite EPF and Tabung Haji selling. Time to collect some 😁

Posted by joyvest > 2 weeks ago | Report Abuse

The share price is expected to be stagnant if not depressed further . It is believed that EPF and LTH are planning for another exodus any moment from now......

Posted by EVO118 > 2 weeks ago | Report Abuse

EPF and Tabung Haji has move from Gtronic to Topglove.

Posted by limch > 2 weeks ago | Report Abuse

APB limit down with many more waiting to sell. Is the >RM 60 million other receivable only belong to APB?

Posted by joyvest > 2 weeks ago | Report Abuse

EPF has shown interest in acquiring Top Glove again due to the high tariffs being imposed on china produced gloves. Top Glove is expected to improve their upcoming QR . However, it is noticed that no prominent investors are keen to acquire Supermax for the obvious reason of Board room in disharmony if not tatter now ...

Posted by joyvest > 2 weeks ago | Report Abuse

APB has borrowed significant money to buy Gtronic for 140M. APB not only now need to face with the repayment of the loan ( borrowed to buy Gtronic) but also faced with the huge investment loss of 105m in Gtronic given the current price of RM 0.550 , seriously undermining its share value. Basically, it is double blows to APB. It is learnt that APB has reclassified cash of 22m as deposit ,which was reported to be not pervasive in the view of their external auditors

The cash of 60 m under other receivable is related to Gtronic, Until now ,the BOD of Gtronic has not addressed to this irregularity unfolded by the incumbent auditors , but merely cited that " business is as usual ". Do you believe what they have said??

Posted by joyvest > 2 weeks ago | Report Abuse

As per my following post 3 days ago, it was already foreseen( without hindsight) that APB would be in deep trouble in days to come if not later...............
--------------------------------------------------------------------------------------------------------
Stock: [GTRONIC]: GLOBETRONICS TECHNOLOGY BHD

3 days 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

Posted by paulthesotong > 2 weeks ago | Report Abuse

95M borrowed from FI. 45M from internal fund.

Posted by iCashBooster > 2 weeks ago | Report Abuse

pariah stock because pariah director

Posted by joyvest > 2 weeks ago | Report Abuse

Yer , Shareholders of APB are reported to be very pissed off with the Mgt to get a lousy deal to acquire Gtronic , through borrowings resulting in a huge investment loss . The gearing ratio has not only increased but also the capitalisation is seriously impaired by the huge investment loss

Posted by tkkiong > 2 weeks ago | Report Abuse

after Gtronic now APB, ikan bili cry also no tears .... pray these cheaters all no good die !

Posted by fregend > 2 weeks ago | Report Abuse

wait for new owners?

Posted by meridian33 > 2 weeks ago | Report Abuse

I wonder who is the buyer of EPF n LTH's huge disposals?

Posted by meridian33 > 2 weeks ago | Report Abuse

As at 30/6/24 the Company still has Cash+ about RM144m, the disposals by EPF n LTH n resignation of auditor were in Sept., I wonder how much Cash remaining as at todate?

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Who dam go and throw. Izit bank n follow by pn17?

Posted by curiousq > 2 weeks ago | Report Abuse

con syndicate counter .... will become skeleton for anyone goes in

Posted by jooortp > 2 weeks ago | Report Abuse

Retailers are the one buying the dip. When APB dispose, ikan bilis will burn hard...

Posted by joyvest > 2 weeks ago | Report Abuse

APB is expected to nosedive fast and furious when it resumes trading tomorrow. No supports but only a few of speculators are taking their chances of do-or-die....