GLOBETRONICS TECHNOLOGY BHD
KLSE (MYR): GTRONIC (7022)
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Last Price
0.605
Today's Change
-0.02 (3.20%)
Day's Change
0.59 - 0.635
Trading Volume
13,593,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
17 people like this. Showing 50 of 8,286 comments
Since there is No objection,I will continue to comment objectively based on the latest developments and circumstances surrounding the Group. Tq for your supports
1 week ago
Joyvest sifu
good to have someone raise awareness here
as long as u provide latest updates + facts and figure i think we are all welcome
but remember what Howard Marks once was saying:
it’s not what you buy; it’s what you pay for it.
A high- quality asset can constitute a good or bad buy,
and a low-quality asset can constitute a good or bad buy.
The tendency to mistake objective merit for investment opportunity,
and the failure to distinguish between good assets and good buys, get most investors into trouble.
Because the search is for good buys, my main goal in this chapter is to explain what makes a buy a good one.
In general, that means price is low relative to value, and potential return is high relative to risk.
How do bargains get that way?
https://dl.najafi8.ir/dl/Library/book/[Howard_Marks]_The_most_important_thing_uncommon_.pdf
1 week ago
Something wrong with the balance sheet. Receivables, deposits and prepayments had increased to RM65.56 million from RM1.04 million as at Dec 31, 2023. To whom the prepayments were paid and for what reason? This huge difference is a red flag.
1 week ago
Once they announce their new customers n project u wont get it below rm 1.50 !
1 week ago
Apart from KPMG resignation announcement from Globetronics , PWC also resigned from Pharmaniaga . KMPG also announced their resignation from Bina Puri not forgetting EY have also quit from another PLC. We cannot harp on this issue .changing of auditors is part of a business cycle unless fraud is involved. Remember IMDB all the big accounting firm was once part of the scandal link company audit team.
1 week ago
The primary role of a statutory or external auditor is to provide the members of a company ie the shareholders, with an independent opinion as to whether the financial statements of the company give a " true and fair view" of the assets, liabilities and financial position at the year end concerned. Basically, The Auditors must ensure that the FS are free from material errors and over statement of assets and under statement of liabilities ( So called miss-statements ).
You can change auditors at the AGM subject to the approval of the shareholders. Once appointed, the auditors shall take office ( term of office ) effective from AGM to the next AGM . They are free to check the books and records of the Company during this period of their engagement. Changing the auditors in the middle of their engagement is a big " NO NO " which is reflection of the doggy management up to no good with hidden agenda. Same goes to the resignation of auditors half way through their engagement ( terms of office ).
In the case of GT, the damage has been compromised . Mr.Ku , being a CA ( chartered Accountant) should have known better the insidious effect of such resignation . However, he did not stop this but let it happen as a result of which the share price has been plunging with loss of confidence from the investors across. He should be held to be fully responsible . As you are probably aware, he is also holding directorship in other companies such as APB , SCIB, Artroniq Berhad etc .It is the fact that share prices of such companies have been plummeting ever since he has joined the said companies. Are these occurrences by coincidence or through manipulation with hidden agenda? You tell me but my dog smells something very fishy.
1 week ago
xiaoeh sifu is it Insas your so-call bargain? Why hard to get 10-20% return in short period let's say 1 month?
xiaoeh
Joyvest sifu
good to have someone raise awareness here
as long as u provide latest updates + facts and figure i think we are all welcome
but remember what Howard Marks once was saying:
it’s not what you buy; it’s what you pay for it.
A high- quality asset can constitute a good or bad buy,
and a low-quality asset can constitute a good or bad buy.
The tendency to mistake objective merit for investment opportunity,
and the failure to distinguish between good assets and good buys, get most investors into trouble.
Because the search is for good buys, my main goal in this chapter is to explain what makes a buy a good one.
In general, that means price is low relative to value, and potential return is high relative to risk.
How do bargains get that way?
https://dl.najafi8.ir/dl/Library/book/[Howard_Marks]_The_most_important_thing_uncommon_.pdf
2 days ago
6 days ago
Cheers sifu how is Revenue QR? Insiders dealing(buy or sell) how? Drop then got rebound? Please help to answer my questions.
Cheers
Like revenue slowly drop
1 hour ago
6 days ago
As for joyvest please answer Jonathan Keung questions before repeating your unproductive posts.
6 days ago
Posted by newbie5354_ > 10 hours ago | Report Abuse
xiaoeh sifu is it Insas your so-call bargain? Why hard to get 10-20% return in short period let's say 1 month?
Dear Newbie5354_sifu
At what price i bought Insas...?
6 days ago
Before you say my comments are unproductive , can you provide productive comments to counter my points/comments ? You are most welcome to do that as I always live with my mind " open"
6 days ago
The four characteristics of assets that are most important to wealth holders are
(1) expected return,
(2) risk,
(3) liquidity;
(4) time to maturity
-Expected return depends on the demand of the product produced - No demand for your product, the asset is said to be unproductive
-Risk depends on the innovation of the product- how fast your product to be phased out due to technology ? You should know better they are in the semi conductor business. As you probably know , Inari and Amertron have taken the leads to improve their facilities in line with new technology but GT is just talking only. Assets are believed to be outdated.
-Liquidity depends on the demand of the product- Liquidity is stricken due to outdated products which are unmarketable
-Time to maturity depends on the life cycle of the product.- The shorter life cycle of the product due to technology will shorten the time to maturity of the assets hence the assets would be left idle unless the assets are upgraded to embrace the new technology.
High or low quality assets depends on the marketability of the product .If outdated products are produced where no demand is forthcoming , the assets are said to be low quality assets and vice versa.
EC Liaw has talked of investment of 130m to upgrade its facilities . As said, it remains to be seen if he would commit to it and how he can deliver in the end. He has also highlighted that the sales have been sluggish. Could this be due to their outdated products as a result of which the Company is so desperate to place the deposits to secure sales ?? I leave it to your imagination......
6 days ago
the market offers you the opportunity to trade in an osat company that delivers double digit profit margin and zero debt. yay or nay?
6 days ago
Potential upside in local tech stocks despite short-term challenges ..
https://theedgemalaysia.com/node/727763
6 days ago
goldmanbull
Something wrong with the balance sheet. Receivables, deposits and prepayments had increased to RM65.56 million from RM1.04 million as at Dec 31, 2023. To whom the prepayments were paid and for what reason? This huge difference is a red flag.
2 days ago
goldmanbull
Suggest to stay away please. Don't be another ikan bilis trapped later.
2 days ago.
Cash generated is negative...(-#56.8)(Earnings is positive!?)...#65.5(from #7.5)... missing...cash&equivalent decreased...
Accounting Manipulation...should be selling at cash value...#0.21/share.🤞
6 days ago
Geary , if you are so good at reading report than why not inform all with your hindsight big mouth before share price drop ! In i3 too many hindsight king !
5 days ago
Nobody care about dividen , we just want company growth , it s a good sign to see new management spend money to grow business than old management who eat old rice ! TP RM 1.50 !
5 days ago
Middle East tensions.. The price volatility is beyond anyone’s control. The fundamental is that these companies are well managed by Mr.Ku and his team. Currently there is no better person than Malaysia’s leading financial guru, Mr.Ku to run this company. His background and track records speaks for itself!
Age: 36, Young and Strong.
Qualification: Star student. Dean’s honor. Top tier university.
Family: Trustworthy & Prestigious > One of the largest developer in Melaka.
Career: More than 8 years as an auditor in big 4 accounting firm.
Exposure: Vast exposure in audit and assurance, and business advisory related fields through his portfolios of various local and international companies.
Directorships: GTRONIC, ARTRONIQ, SCIB, APB, BKCB, MGRC, NWP
EC Liaw should be stepping down for Mr.Ku to take over properly. We must buy in the future growth prospects. Be patient everyone!
3 days ago
Time
US 30
42,013.5 42,261.1 41,969.0 -183.0 -0.43%
04:11:55
US 500
5,684.9 5,721.4 5,676.4 -24.6 -0.43%
04:10:22
US Tech 100
19,693.7 19,861.0 19,652.3 -107.3 -0.54%
04:10:35
3 days ago
Biden signs bill exempting some semiconductor factories. It's a good catalyst for semiconductor market
https://www.thestar.com.my/tech/tech-news/2024/10/03/biden-signs-bill-exempting-some-semiconductor-factories-from-new-environmental-reviews
3 days ago
QR in Oct? Please declare 0.5-1 sen dividend. Sure fly back to 70-80 sen.
2 days ago
2 sen dividend? 90 sen even possible? Who benefits? APB who is seeing everyday new low.
2 days ago
Ex-owner Ng Kweng Chong why not buy back? Can buy 3X more than previously selling at RM 2.
2 days ago
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InfinityTifanny
Next week shorties will bleed again. Happy Friday and weekend, guys
1 week ago