EC Liaw keeps saying that Gtronics and Serba D(SD) are not the same.Basically they are the same in that they forced their external auditors ,kPMG to resign before their terms of office.Until now, Gtronics has yet to reveal the real reason why the incumbent auditors have resigned to their investors. Their reluctant revelation has cast serious doubts on their corporate governance and the integrity of the management.
The alleged missing cash of 60m being reclassified as deposits is highly suspicious. If this holds true,the Balance sheet value is materially overstated and the financial reports contain material errors.
It was reported that neither the Incumbent auditors,KPMG has explained the reason why they have resigned nor has the Gtronic. It is not the onus of the auditors to explain publicly but to explain at AGM where the auditors reserves their rights to explain to the shareholders while the Company is at liberty to explain anytime and anywhere. However, the Mgt of Gt has chosen to be ignorant and silent which sends the signal to the Market that they have something to hide with hidden agenda. The true fact remains is that ever since the new Mgt took office ( after acquisition by APB ) , the cash reserve of 200m++ has been reduced to 144m with 60m being reclassified as “ other receivables” is said to be fishy in terms of its recoverability in the view of the incumbent auditors.
On a separate note, EC Liaw has represented that they are to adjust their Dividend policy meaning no more handsome dividend to be paid if not non at all in the foreseeable future under the so called “ new Management ” as opposed to those days when the Company was under the direction of the founder (Michael) and his Mgt team. What EC Liaw is insinuating is that capital gain is the only thing that the investors are hoping for through growth in the long term. Take it or leave it !
EC Liaw has also publicly announced that the Gt is to set aside 130m out of 144m for CAPEX for future growth. The said sum is used to upgrade their facilities in order complete with other players such as Inari and Amertron . However , it was reported that these players have invested 500m each to upgrade their systems / facilities. Do you really believe that Gt could complete in tandem with them with the investment of 130m for CAPEX ?
It is felt that their statement/representation is merely rhetorical.
EC Liaw keeps saying that Gtronics and Serba D(SD) are not the same.Basically they are the same in that they forced their external auditors ,kPMG to resign before their terms of office.Until now, Gtronics has yet to reveal the real reason why the incumbent auditors have resigned to their investors. Their reluctant revelation has cast serious doubts on their corporate governance and the integrity of the management.
Are you saying that the investors are stxpid to compare GT to SD ?? It is the making of GT to make the investors to compare them with SD. Who is stxpid here ??
On behalf of all gtronics shareholders really thanks to glove tard joyvest big mouth to push up gtronic n apb share price in 1 week ! Pls keeps continue your big mouth contributions to gtronics inari after China stimulus plan !
UWC remains optimistic on its outlook given the expected strong recovery in the global semiconductor market, with an estimated 16% growth in 2024. The semiconductor industry is still shining
The key timing is betw 4.30-5.00. market makers will go either way push higher to sustain chart breakthru or side line trading. Rotate between profit taking and consolidation stage
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NatsukoMishima
8,123 posts
Posted by NatsukoMishima > 1 month ago | Report Abuse
Gtronic want become inari in the future , that s y they spend money n chg strategy ! Only bodoh will compare gtronic with serb !