GLOSTREXT BERHAD

KLSE (MYR): GLXT (0284)

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Last Price

0.22

Today's Change

-0.01 (4.35%)

Day's Change

0.22 - 0.235

Trading Volume

7,967,400


1 person likes this.

376 comment(s). Last comment by charlie chia 1 week ago

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-08-16 22:28 | Report Abuse

NTA 12cents. Below IPO 19cents any time.

speakup

24,978 posts

Posted by speakup > 2023-08-17 07:55 | Report Abuse

if u like Piling Construction companies, Econ & Ptaras are way way bigger and better than this

zoizai

1,297 posts

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

This is construction company. If u all listen to zoizai 2 days ago buy aimflex, all making money.

Aimflex is cheapest automation tech company

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

can up today? already bottom?

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 09:14 | Report Abuse

Bye bye low growth construction company
Deadly force selling is coming
can't rule out 15 - 20 sen
better cut own BIRD before it's gone

Posted by EatCoconutCanWin > 2023-08-17 09:23 | Report Abuse

omg... i loss if cut..

6182al

305 posts

Posted by 6182al > 2023-08-17 09:34 | Report Abuse

TQ to all the so call Sifu your call of this counter is construction, pls check again.

TimiraosL

67 posts

Posted by TimiraosL > 2023-08-17 09:45 | Report Abuse

IPO shareholders still have around 31% of paper gain btw. For geotechnical instrumentation and testing service, it's projected to grow at CAGR of 10.38% to reach USD 131.19 billion by 2030, so still got big potential for the company to grow

Posted by youarewelcome88 > 2023-08-17 09:46 | Report Abuse

Today is T+2...tomorrow is Good Friday

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 09:52 | Report Abuse

Dead rat..?

Posted by EatCoconutCanWin > 2023-08-17 10:26 | Report Abuse

oku is correct..haiz...

zoizai

1,297 posts

Posted by zoizai > 2023-08-17 10:56 | Report Abuse

Still keeping this construction company. Going below ipo price soon.

Better buy automation tech stock -Aimflex

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 11:18 | Report Abuse

Beyond repair....
To RIP/ Rest in peace 15 -20 sen

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 11:56 | Report Abuse

Construction IPO....Disaster liao

spider68

454 posts

Posted by spider68 > 2023-08-17 11:57 | Report Abuse

GLXT
Shares issued = 407.041 M.
Shares held by major shareholders + directors (under 6 months morotarium cannot sell) = 284.93 M (69.94%).
Shares offered for sale + private placement = 122.111 M (30.06%)
Shares traded/dumped on Day 1 = 308.191 M (75.71%).

Shares traded/dumped on Day 1 = 2.52 times the maximum shares that are available to be traded. Don't know where the extra shares come from?

rr88

6,328 posts

Posted by rr88 > 2023-08-17 12:17 | Report Abuse

Still here? Too stubborn to cut loss.

Look, market leaders uems & capitala hv hit their peaks, doing a uturn now n will gostan big time in coming days n weeks.

When best performers retreat, they will take down worst performers with them.

When that happenes this glxt will break below ipo price of 0.19.

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 12:34 | Report Abuse

tomorow T + 3 ...cut bird day
construction - property - golf - bird nest - logistic IPO >> dead rat

Posted by youarewelcome88 > 2023-08-17 12:48 | Report Abuse

@spider68...if only many think like you. Intellectual discourse in this forum will make us a healthy discussion group. Cheers

Albukhary

2,710 posts

Posted by Albukhary > 2023-08-17 13:41 | Report Abuse

@spider68, in this market there are many day trader, and many remiser that working for bosses.
For example, day trader can buy & sell the same counter for many times during the day, as they are aim for 1-2 bid gain only.
They can buy at 30sen, sell at 31sen, then buy back at 27.5sen, sell at 28sen, then buyback again 25sen, sell at 26 sen again..... so, if assume each transaction is 1mil unit, the same 1mil will be transacted 6 times during day, so the volume will be 6mil shares transacted, but actually only 1mil share is moving in the market.

Posted by Lee Ying Yee > 2023-08-17 14:02 | Report Abuse

pe ?what"s the use ? new ipo all at high pe . how to invest ? young people .

Posted by youarewelcome88 > 2023-08-17 14:19 | Report Abuse

@LeeYingYee...Interesting question. Who told you Bursa is the place for the youngs like yourself to invest? To me, Bursa is a Killing Zone, if you know what I mean

icecool

4,778 posts

Posted by icecool > 2023-08-17 14:22 | Report Abuse

rr88 buy call all in !!!

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 14:29 | Report Abuse

slippery road heading to 20 sen

Posted by OppenHermes > 2023-08-17 14:52 | Report Abuse

Contra players mostly cut it today... Tmr will show a wave up I assume

6182al

305 posts

Posted by 6182al > 2023-08-17 14:54 | Report Abuse

Ha Ha Ha, finally one Sifu got it right, now new high rise, heavy construction like highway, bridges, LRT, MRT all will need it's services due to safety and insurance assurance as stipulated by the Authorities not only in Malaysia but in International arena too.
It might need to take some time before it's value is. ........

Posted by CarolineTeoh > 2023-08-17 16:01 | Report Abuse

Election is over, more infrastructure projects will be introduced later on

XinaSun

19 posts

Posted by XinaSun > 2023-08-17 17:09 | Report Abuse

Uptrend over... time to build up support first

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-17 17:18 | Report Abuse

beyond repair this construction IPO
many burnt to dead rat
Better focus on TECH IPO , Pawn financing IPO
Pawn financing PPJACK from 30 sen now to RM 1.00 ++ liao $$$$$

Bobi776

20 posts

Posted by Bobi776 > 2023-08-17 18:15 | Report Abuse

under 0.25 is cheap, ez grab for suuurre

zoizai

1,297 posts

Posted by zoizai > 2023-08-17 18:17 | Report Abuse

This is construction company. I had warn earlier and recommend to buy aimflex which soar 30% over last few days.

Aimflex is automation tech company

zoizai

1,297 posts

Posted by zoizai > 2023-08-17 18:38 | Report Abuse

First day director dispose ? Hahah they know is a joke if not sell this price

spider68

454 posts

Posted by spider68 > 2023-08-17 21:08 | Report Abuse

On the surface someone had already dumped 1.1M shares on the 1st day of listing @ RM0.65 + RM0.567. As to whether other major shareholders + directors were doing the same thing, I really don't know.

Posted by youarewelcome88 > 2023-08-17 21:36 | Report Abuse

Somebody has to make money & it begins tomorrow, which is a Good Friday... My advice Don't contra loss at half sen on the same trading day. Never, also declare yourself as a Contra-loss Champion. Buy according to your means

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-18 05:58 | Report Abuse

this is low growth construction IPO
NOT TECH IPO ,Or Pawn Financing
dow jone collapsed almost 300....
T + 3 - force selling is today
be prepared for the worst
Further BLOOOODY

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-18 09:09 | Report Abuse

finish.....this construction co. ipo
dead rat

zoizai

1,297 posts

Posted by zoizai > 2023-08-18 09:17 | Report Abuse

Even own director dispose the company shares

Better buy automation tech stock -Aimflex
Local institute just bought RM10m of aimflex shares

Posted by youarewelcome88 > 2023-08-18 09:26 | Report Abuse

@zoizai...Aimflex major shareholder is selling off, just like HongSeng or Classita. If the price spike is due owner selling, you got to be careful

Posted by youarewelcome88 > 2023-08-18 09:41 | Report Abuse

Moving towards Top 10 most active counter... on Good Friday

Vdhawan

71 posts

Posted by Vdhawan > 2023-08-18 09:55 | Report Abuse

The bosses or promotors got 6 months lock-up period la. Contra players alrdy washed out and it's time for it to rebound

fregend

467 posts

Posted by fregend > 2023-08-18 10:43 | Report Abuse

Looking at this trend shark also lose money

spider68

454 posts

Posted by spider68 > 2023-08-18 10:57 | Report Abuse

Wah so nice syiok syiok dump the shares. Sooner or later also have to buy back the tickets.

OKU_2020

4,718 posts

Posted by OKU_2020 > 2023-08-18 11:35 | Report Abuse

Construction IPO
BOOOO. CHOWW. CCCCC
TO RIP/ Rest. In Peace @ 18 SEN...

Posted by youarewelcome88 > 2023-08-18 12:29 | Report Abuse

Slow but Steady. Nice volume... Great Friday

Posted by youarewelcome88 > 2023-08-18 13:02 | Report Abuse

@zoizai... Your Aimflex major shareholder is struggling to dispose his shares. Selling is still ongoing. Talking about tech stock...

Posted by OppenHermes > 2023-08-18 13:25 | Report Abuse

Later it will shoot up when the resumption of HSR project or MRT 3 project comes out

Posted by youarewelcome88 > 2023-08-18 13:52 | Report Abuse

@OppenHermes...I am expecting GLXT to begin it's upward move soon... Remnants of contra players still around. Be gone very soon...

Yolo1234

96 posts

Posted by Yolo1234 > 2023-08-18 14:39 | Report Abuse

not likely to go up in the near term as NTA is still lower than IPO price and upcoming QR may be weaker than the latest QR. suggest new investors hold and buy in only when the price is lower than IPO price of 19 sen.

Posted by Lightofheaven > 2023-08-18 15:14 | Report Abuse

waiting to become shareholder of this company ..timing come very soon

Posted by Lee Chee Wee > 2023-08-18 15:29 | Report Abuse

Force selling over later rebound .

Posted by KopioDinosaur > 2023-08-18 15:52 | Report Abuse

catch rebound, over sold too much

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