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 5 hours ago

Posted by NatsukoMishima > 1 week ago | Report Abuse

@Shotthebull

49 posts

Posted by Shotthebull > 1 hour ago | Report Abuse

Placing deposit with potential clients???? What kind of management is this? As a shareholder I demand an explanation for this.. I have seen this kind of scenario before.. ARBB was one where many analysts were talking big about it.. Going into IOT etc.. and growth potential etc. But the operators diluted the shares and made their money and !ARBB is down to 3.5sens. As long as some characters are inside.. I doubt if I will recover m
_______
ARBB got solid fundamental or solid net cash ??? Y some people just like compare gtronic with other rubbish stock !

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Gathered from the implications surrounding the company, there are more " wrongs" than " rights". The Company must address the issues of concerns not just to sweep the issues under the carpet as if nothing was happening...

Do not fool the investors as they are not stuxid...

fortunefire

1,491 posts

Posted by fortunefire > 1 week ago | Report Abuse

this is the chance for you to join the millionaire club. dont say bojio

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Millionhair club rather

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Judging the way in which the alleged missing cash of 60m has been handled so unprofessionally ,it could be inferred that the so call "solid net cash" ie 144m is expected to be vanished out of thin air faster than you and me could imagine.

Posted by Jonathan Keung > 1 week ago | Report Abuse

Misappropriation is a criminal offense. No director of a PLC will
take the risk of going to jail and have a criminal record . All PLC have their own risks control. We are talking 40 million. The whole Management { CEO, CFO and BOD } can go to jail by any illegal or unauthorized withdrawal of
funds. And the banks will not authorized the withdrawal without all the designated signed signatories. Chairman or Director , CFO and CEo

Plantermen

2,224 posts

Posted by Plantermen > 1 week ago | Report Abuse

Any transfer of funds have their money trails. As a paid employee of a company. The Company secretary, Accountant or CEO. You would not authorised such a sum without any proper documentations. This is not a pasar malam hawker business

SCM2023

95 posts

Posted by SCM2023 > 1 week ago | Report Abuse

Anyone know Liaw Way Gian personally and can describe his character? So investors will have a better idea of him

Posted by Jonathan Keung > 1 week ago | Report Abuse

Buy , hold and wait for the 3 Qtr Sept announcement next month. GT punters will push higher if result is more favourable vs market expectations. The past 10 years result showed GT has always profitable. The end result is how much is the dividend
ratio and quantum the new management will paid out. October is just around the corner

limch

3,186 posts

Posted by limch > 1 week ago | Report Abuse

Berita Harian exclusive news? Please support Media Prima, Berita Harian parent company.
https://www.klsescreener.com/v2/news/view/1395019

Plantermen

2,224 posts

Posted by Plantermen > 1 week ago | Report Abuse

SC 2023. Liaw is a tech & app solution guy started his career in Cuscapi as a solution provider in 2006. Hold a degree in computer science. Ms Heng is the newly appointed CEO of the comoany Mr Ku is their CFO extracted from the annual report

Bursino

298 posts

Posted by Bursino > 1 week ago | Report Abuse

Bursa will still be there come tomorrow. Just hope specuvestors will be sober enough not to lose their capital.

SCM2023

95 posts

Posted by SCM2023 > 1 week ago | Report Abuse

Plantermen, thanks buddy. I saw that description in the webpage but i am curious about his work principles.

fregend

562 posts

Posted by fregend > 1 week ago | Report Abuse

happy hour early friday, next week new trade

Posted by InfinityTifanny > 1 week ago | Report Abuse

Judging the company's take-off, joyvest is enjoying wiping his tears with his vest

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Mr Ku is their CFO who is said to be a Chartered Accountant . He should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

As a CFO, I wonder why he allowed this kind of abnormality to happen to jeopardise the interest of investors . Has he got something to hide or hidden agenda?

Plantermen

2,224 posts

Posted by Plantermen > 1 week ago | Report Abuse

Without prejudice or disrespect to any parties. Mr Ku is also sitting on the board of Gtronics as director and CFO of the group. Mr Ku is the Principal of the public accounting audit firm `Grant Thornton Malaysia PLT '. Mr Ku also sits on the Board of MIA { Malaysian Institute of Accountants} which is responsible for the registration., licensing and renewal of accountants practising in the country. The above info is all extracted from Mr Ku public profile

Posted by NatsukoMishima > 1 week ago | Report Abuse

If expert also think there was no problem then why joyvest keep barking everyday !

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse


joyvest

You are misleading in your post above .

Mr. Ku Chong Hong began his career in auditing with several audit firms before joining Grant Thornton Malaysia as an Audit Senior Manager in 2017. Throughout his career as an auditor for more than nine years, he gained vast exposure in audit and assurance and business advisoryrelated fields through his portfolios of various local and international companies involved in a broad spectrum of industries such as property development, construction, manufacturing, trading, poultry, agriculture, aquaculture, service provider, trading of software and real estate.

Directorship of Listed Issuers and Public Companies:
• APB Resources Berhad
• Artroniq Berhad
• Sarawak Consolidated Industries Berhad.

It seems that wherever he is attached to , disasters are bound to strike as evident time and time again...

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Mr Ku is their CFO ,a chartered accountant . He should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

As a CFO, I wonder why he allowed this kind of abnormality to happen to jeopardise the interest of investors

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

It is suspected that the reclassified deposit from the alleged missing cash was designated to other accounts where the cash is used to support the shares of other related companies

LuckyKoi

27 posts

Posted by LuckyKoi > 1 week ago | Report Abuse

can slowly collect back, back to 1.20 not a dream

Posted by SSRevolution > 1 week ago | Report Abuse

Bottom price right now, come back is real !!

Posted by InfinityTifanny > 1 week ago | Report Abuse

According to the 2023 annual report, Mr. Ku is the executive director and Mr. Ng is the CFO. Don't simply spread false info la. This joyvest is crying until the water got into his brain

________________________________________________________________________________

Posted by joyvest > 30 minutes ago | Report Abuse

Mr Ku is their CFO ,a chartered accountant . He should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

As a CFO, I wonder why he allowed this kind of abnormality to happen to jeopardise the interest of investors

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

The share values of the following companies have been collectively depreciated to great extent. Do you really believe that it is by coincidence or otherwise? I leave it to your imagination.

*Globaltronic
*APB Resources Berhad
*Artroniq Berhad
* Sarawak Consolidated Industries Berhad.

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Whether he is ED or CFO ,it doesn't matter but one thing for sure is that he is a chartered accountant.

As a CA ,he should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Since he is ED now ,he is in the best position to lead the Co to next height in the best interest of the shareholders. However,judging from the circumstances surrounding the co,he appears to be acting on the contrary

Posted by Jonathan Keung > 1 week ago | Report Abuse

Invest and buy GT at 60 or 62 sen. We know the risk. We are not buying GT at 1.20. just wait for the result and see it's a lemon or a juicy papaya. Ha...Ha don't like GT should dispose it much earlier

Posted by I_like_dividend > 1 week ago | Report Abuse

GT is well-known for generous dividend paid. Even 1 sen next 6 months is already better better than 1 year FD(annualised).

Posted by I_like_dividend > 1 week ago | Report Abuse

Net cash latest QR is 23 sen per share so 1 sen dividend is not too much to be asked to be paid next 6 months. Of course more is even better.

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Too bad... From their recent representation, they have insinuated that their dividend policy will be adjusted due to pathetic sales under the incompetent mgt meaning to say that they are not going to pay handsome dividend as before. It is certainly to be disappointing in months to come....

Posted by ltinvest > 1 week ago | Report Abuse

Hi, I think it's better to wait and see for the next quarterly result to confirm its new projections

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

No need to wait and see , we can judge from the attitude and integrity of interim management now....

EVO118

2,096 posts

Posted by EVO118 > 1 week ago | Report Abuse

Is Globetronics Technology Berhad the next Serba Dinamik Holdings Berhad?
https://www.youtube.com/watch?v=U4vMqszcM5g

izoklse

5,269 posts

Posted by izoklse > 1 week ago | Report Abuse

next week break 0.70.

Posted by NatsukoMishima > 1 week ago | Report Abuse

Gtronic will be next inari , they try to turnaround !

Posted by NatsukoMishima > 1 week ago | Report Abuse

All in now at 10 years bottom price !

Posted by NatsukoMishima > 1 week ago | Report Abuse

U got no chance next month !

Posted by NatsukoMishima > 1 week ago | Report Abuse

If they can get China customer i believe they will challenge inari !

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

In your fantasy..........

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Globetronics executive chairman Liaw Way Gian said " KPMG's resignation, dated Sept 4, will take effect 21 days after the notice. It was reappointed during Globetronics' last annual general meeting (AGM) on May 8 and was supposed to hold office until the conclusion of the company's next AGM."

KPMG was re-appointed in the last AGM to take office till the next upcoming AGM.( Their legal tenure of terms of office ). What triggered the incumbent auditors, KPMG to resign before expiry of their terms of office ? EC did not elaborate at all ?? Are the circumstances leading to their resignation so "fishy" that it is difficult to explain ?? very fishy indeed.

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

Globetronics executive chairman Liaw Way Gian said " these deposits which are held in stakeholders' accounts and managed by the company's legal advisors, are essential for securing new orders and forging strategic partnerships."

It is believed the deposits here are referred to the alleged missing cash of 60m. Which legal advisors? Why pays the customers to secure new orders? It should have been another way round where the customers pay deposit to secure supply . Is the Company so cheap to beg them to buy by placing deposits with them ? The Management has not really addressed seriously on this issue but merely says the business is as usual

fortunefire

1,491 posts

Posted by fortunefire > 1 week ago | Report Abuse

this week the market will answer you up or stagnant

joyvest

10,424 posts

Posted by joyvest > 1 week ago | Report Abuse

The more Globetronics executive chairman Liaw Way Gian talks , the more it doesnt make sense. He doesnt get to the point. The market is not stuxid and convinced.

limch

3,186 posts

Posted by limch > 1 week ago | Report Abuse

Up 3 sen but Inari down. Deposit placed with Inari client to secure order?

fortunefire

1,491 posts

Posted by fortunefire > 1 week ago | Report Abuse

Today limit up!

limch

3,186 posts

Posted by limch > 1 week ago | Report Abuse

Big client want to give big order must see whether you financially strong is it wrong to place deposit?

limch

3,186 posts

Posted by limch > 1 week ago | Report Abuse

APB down meaning deposit money not swallowed by APB?

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