GLOSTREXT BERHAD

KLSE (MYR): GLXT (0284)

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Last Price

0.265

Today's Change

-0.005 (1.85%)

Day's Change

0.26 - 0.27

Trading Volume

4,109,900


1 person likes this.

383 comment(s). Last comment by Shines 4 days ago

Posted by chefjeff388 > 2023-08-07 16:40 | Report Abuse

Ouffff 175 times oversubscribe, gonna be spicy on 15 august

Flam3ss

12 posts

Posted by Flam3ss > 2023-08-07 17:24 | Report Abuse

No big deal, good piling listed company are hard to find on the market, good luck everyone

Posted by OppenHermes > 2023-08-08 10:36 | Report Abuse

Prepare some bullets 1st if failed to get IPO so that can 'hoot' it during its listing day. Ha

charlie chia

2,145 posts

Posted by charlie chia > 2023-08-08 11:07 | Report Abuse

Any target price forecast by research firm

TimiraosL

67 posts

Posted by TimiraosL > 2023-08-08 12:05 | Report Abuse

@charlie chia. Apex Securities gave 32 cents for its target price

https://theedgemalaysia.com/node/676688

Vdhawan

97 posts

Posted by Vdhawan > 2023-08-08 15:06 | Report Abuse

High chance for Glostrext opening higher than that given TP as it's overly subscribed by 175 times

zuhutuho

28 posts

Posted by zuhutuho > 2023-08-08 15:21 | Report Abuse

Its possible, should be hard for retail to buy on first day unless you are really really lucky

Posted by phunkietown > 2023-08-08 16:21 | Report Abuse

GLXT would open much more higher, 50 sen is not a dream...

Posted by lingrecord > 2023-08-08 17:58 | Report Abuse

Wonder why not much ppl talking about this undervalue gem... Fundamental and hard to find piling company like this

Joscylyn

120 posts

Posted by Joscylyn > 2023-08-09 10:53 | Report Abuse

People quietly subscribed and will quietly try to earn during Glostrext's listing day ๐Ÿ˜„

Vdhawan

97 posts

Posted by Vdhawan > 2023-08-09 12:24 | Report Abuse

That's the style of Malaysian Investors. They are able to keep the gold when they are silent ~

Posted by OppenHermes > 2023-08-09 15:10 | Report Abuse

Really a metaphor of silence is golden. Ha.
By the way, received some info that this company will be benefitted from the LRT 3 project and HSR project too

XinaSun

19 posts

Posted by XinaSun > 2023-08-09 15:57 | Report Abuse

not suprised if GLXT can benefit from LRT3 and HSR since they are experience enough with previous Rapid LRT & Changi airport project

Posted by lessthan10k > 2023-08-09 16:35 | Report Abuse

40-50 sen on first day, good luck to anyway picking up

TimiraosL

67 posts

Posted by TimiraosL > 2023-08-10 13:42 | Report Abuse

This company also provides structural and ground instrumentation and monitoring services to construction projects, as well as completed buildings and infrastructure

Posted by KopioDinosaur > 2023-08-10 16:30 | Report Abuse

As expected over subscribe, day 1 gonna be fierce & good luck everyone

Posted by CarolineTeoh > 2023-08-10 16:46 | Report Abuse

Tomorrow is the day of the IPO share allotment. Pray x3 today ๐Ÿ˜„

Vdhawan

97 posts

Posted by Vdhawan > 2023-08-10 17:27 | Report Abuse

To be precise, it's a geotechnical instrumentation service provider that provides piling, structural and geotechnical related services, covering instrumentation, testing and monitoring services to construction projects, buildings and infrastructure

Flam3ss

12 posts

Posted by Flam3ss > 2023-08-10 17:53 | Report Abuse

Buildings, infrastructures and facilities in developed cities will need monitoring as it involves public safety, for example, MRT lines and tunnels. Glostrext, are the one providing the instruments and monitoring technology to the industry,

TSP888

5 posts

Posted by TSP888 > 2023-08-10 22:16 | Report Abuse

Previous edelteq I got some IPO. This time, how ar?

Posted by OppenHermes > 2023-08-11 11:43 | Report Abuse

You are very lucky, TSP888. I never hit a IPO... this time also, get refunded ๐Ÿ˜ฅ

OKU_2020

4,751 posts

Posted by OKU_2020 > 2023-08-11 14:52 | Report Abuse

Construction counter.....becareful

Joscylyn

120 posts

Posted by Joscylyn > 2023-08-11 15:24 | Report Abuse

Glostrext's Q1FY2024 is out! Making RM6.43 million in revenue and RM1.46 million in net profit. Splendid, 0.43 cents EPS for first quarter

Posted by EatCoconutCanWin > 2023-08-11 15:28 | Report Abuse

construction again... weak business

fuyohpuyo

83 posts

Posted by fuyohpuyo > 2023-08-11 16:17 | Report Abuse

Coconut is here, time to buy ! If weak then u wont see oversubscribe 175 times

Vdhawan

97 posts

Posted by Vdhawan > 2023-08-11 16:30 | Report Abuse

He's getting pouting and sour for not getting the IPO. Forgive him, ha

FhizzK

21 posts

Posted by FhizzK > 2023-08-11 17:16 | Report Abuse

GLXT not your normal construction company lah, doubt u even do your research or just sour af

XinaSun

19 posts

Posted by XinaSun > 2023-08-11 17:25 | Report Abuse

Providing piling, structural and ground instrumentation and monitoring services for Rapid LRT & Changi airport project sounds like a big deal to me.... or maybe he is blind or didn't kena ipo

TSP888

5 posts

Posted by TSP888 > 2023-08-11 17:57 | Report Abuse

OppenHermes, I no luck for this round. ๐Ÿ˜…

Shines

2,751 posts

Posted by Shines > 2023-08-11 23:44 | Report Abuse

EPS 0.43 annualise is 1.72. IPO 19 sen PE is 11

OKU_2020

4,751 posts

Posted by OKU_2020 > 2023-08-12 08:46 | Report Abuse

construction - dull / sun set industry
low growth

cytew

1,578 posts

Posted by cytew > 2023-08-12 08:56 | Report Abuse

Skip this counter, because its business model is not prospective

Shines

2,751 posts

Posted by Shines > 2023-08-13 15:39 | Report Abuse

Cannot say constructio - dull, looks like construction and properity play lo

Vdhawan

97 posts

Posted by Vdhawan > 2023-08-14 10:24 | Report Abuse

Forgive them, they were just being upset for not getting the IPO. Let them emo ๐Ÿ˜‚

Posted by Yongshen > 2023-08-14 11:37 | Report Abuse

@shines = the Annualized EPS is 1.435 sen. Thus, the PE is 13.24x.

TimiraosL

67 posts

Posted by TimiraosL > 2023-08-14 11:46 | Report Abuse

Tomorrow is Glstrext's listing day, brace for it to open high

Posted by lessthan10k > 2023-08-14 15:47 | Report Abuse

cytew up to you, follow market and tmr gonna goreng high up

Posted by OppenHermes > 2023-08-14 16:22 | Report Abuse

Glotrext's forward PE would be around 9.89x if using its Q1's EPS as a projection

charlie chia

2,145 posts

Posted by charlie chia > 2023-08-14 16:27 | Report Abuse

Let Made some monies tomorrow

Posted by KopioDinosaur > 2023-08-14 16:36 | Report Abuse

can go long term also, tapping into singapore market is pretty big and huge potential ahead

sigma404

51 posts

Posted by sigma404 > 2023-08-14 17:15 | Report Abuse

Good luck tmr, exciting day & open above 50 sen

Posted by Lightofheaven > 2023-08-14 22:04 | Report Abuse

foresee open at 0.50cent
Goodluck guys

cytew

1,578 posts

Posted by cytew > 2023-08-14 22:39 | Report Abuse

Skip this counter if you can, the business model is not prospective due to erratic trend of its revenues and profits over last couple of years..

Shines

2,751 posts

Posted by Shines > 2023-08-15 07:27 | Report Abuse

50 sen I would say too high, 40 sen ok for me, lets see 9am

Tripaka

2,845 posts

Posted by Tripaka > 2023-08-15 08:23 | Report Abuse

Siab

Posted by limitupandsurewin88 > 2023-08-15 08:27 |

Post removed.Why?

OKU_2020

4,751 posts

Posted by OKU_2020 > 2023-08-15 08:29 | Report Abuse

hmmm...DULL construction company

Posted by Lightofheaven > 2023-08-15 08:29 | Report Abuse

If GLXT open at 60cent..i belanja u minum Setapak

Posted by Lightofheaven > 2023-08-15 08:30 | Report Abuse

If close at 79cent
I belanja u eat sweet sour fat crab

Posted by limitupandsurewin88 > 2023-08-15 08:49 | Report Abuse

Yes, Going to open at 0.685 !

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