GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.625

Today's Change

+0.02 (3.31%)

Day's Change

0.615 - 0.635

Trading Volume

7,291,600

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 7,938 comments

NatsukoMishima

https://www.klsescreener.com/v2/news/view/1394351

Dont simply bodoh think gtronic = serb when change auditor bevause this is a very solid fundamental stock !

21 hours ago

Jonathan Keung

EPF exit GT due to founder cashing out. Possibilities of GT has now found it's footing after the drastic fall in the stock prices

21 hours ago

NatsukoMishima

Gtronic will back to above rm 1.50 at year end tech frenzy ! Vstec = rm 6 , ranhill = rm 2 , ytl = rm 4

21 hours ago

joyvest

They didnt change the external auditors at the AGM as a normal procedure and process but they are said to compel the auditors, KPMG to resign before expiry of their terms of office. It is believed that the external auditors have unfolded some irregularities for which the Company was not happy...

21 hours ago

joyvest

Until the company has addressed the said issue, it is unlikely that the share price will spike...

21 hours ago

NatsukoMishima

The share price starts to spike now until next year ! Joywest

20 hours ago

EatCoconutCanWin

Buy. All in. This company can't die

19 hours ago

EatCoconutCanWin

Buy now sell rm1.20

19 hours ago

limch

Why joyvest still here? Up 7 sen today still not a spike? What other stocks consider a spike?

joyvest

Until the company has addressed the said issue, it is unlikely that the share price will spike...

2 hours ago

18 hours ago

fregend

joyvest must be shorties gang, spend so much time here to spread negative news

18 hours ago

fortunefire

new batch of millionaire in the making

18 hours ago

Jonathan Keung

It's not what you think . more important how the market thinks.
Cheers to all those who buy Gt after the price crash

17 hours ago

cK1973

ok now lighter and can fly higher....
range 55-65???
what do u think??

17 hours ago

NatsukoMishima

They have new customers n big project coming soon !

17 hours ago

joyvest

who are the new customers ? what is big project? Basically , it is nothing but all hearsays..........

16 hours ago

The Solar Guy

No need to bank on new customers, existing business based on the valuation now is cheap already

16 hours ago

The Solar Guy

Shorties are crying today

16 hours ago

InfinityTifanny

Don't mind him, joyvest like to chase high. He will buy it after that good news comes out 😆

16 hours ago

depressedtrader

solar guy is right, price is cheap now

16 hours ago

jluck

It's just the market trend and sentiment at the same time it happens that auditor quitting. The sales dropping is the reason the previous substantial holder and big institutions leaving this counter. The most critical thing is the new management's ability to secure more new customer and sales. Based on the latest report this company it is not as bad as serbk .

15 hours ago

EatCoconutCanWin

Who ever miss , just buy tomorrow. Will up rm1.20-1.30

15 hours ago

The Solar Guy

Bruh 1.20 is overpriced, just aimed 80 cents short term

15 hours ago

Jonathan Keung

Good closing today. 61

15 hours ago

joyvest

From the company 's representation
" One of the biggest questions that surfaced recently was the resignation of KPMG as Globetronics’ auditor. While some investors were concerned about this change, the company has reassured everyone that it’s part of a normal transition process, following the arrival of new management. Globetronics is in the process of shortlisting a new auditor (likely to be UHY Malaysia) and says that this won’t impact its financial reporting or integrity. So, while change can be unsettling, Globetronics is confident this won’t disrupt operations."

They said the change of auditors is a normal process . Basically what is a normal process where the change takes place at AGM where the incumbent auditor is not re-appointed and new one is appointed. However , when the incumbent auditors have resigned half way through before the expiry of their terms of office, the change to new auditor is said to be abnormal and a lot of question marks usually negatives are arising for the Management to justify. It is believed that if if the mgt had been able to o justify, the incumbent auditors would not have resigned.

Very fishy to change half way...

15 hours ago

jluck

Just wait for the semiconductor theme to come back again then 1.30 is not a problem.

15 hours ago

joyvest

EPF would have not exited its significant investment if they still had the confidence in the Mgt .

15 hours ago

joyvest

The company 's representation is nothing constructive but just an euphemism .

15 hours ago

joyvest

The voluntary resignation of the incumbent auditors half way through before the expiry of their terms of office is a reflection of the negative implications of the financial reporting of the company and /or integrity of the mgt. Their mention of no impact on their financial reporting or integrity is untrue.

15 hours ago

jluck

If the new hired management which is rely on salary if they are not perform can easily be replaced.

15 hours ago

jluck

They have to do something.

15 hours ago

jluck

Some other renown osat company also manage only by management which is just rely on salary

15 hours ago

DickyMe

Joyvest is a stuck gramophone.

15 hours ago

NatsukoMishima

I hope we can still see joywest in this forum at the year end when gtronic hit back to rm 1.50 , dont hide in lubang buntut later !

14 hours ago

LuckyKoi

joyvest muka masam lahhh

14 hours ago

LuckyKoi

Friday close 0.80

14 hours ago

InfinityTifanny

He will wipe his tears with his "vest" when Gtronic shoots up. En"joy", joyvest 😁

14 hours ago

NatsukoMishima

Chg auditor with public annoucement is normal after 7 years , nothing fraud or cook with company financial , joywest is try to sabotage gtronic , maybe he is a glove tard that hate me when i said malaysia glove is a sunset business !

2 hours ago

NatsukoMishima

All in gtronic at this 10 years bottom now , their dividen will be 7 sens atleast !

2 hours ago

speakup

amboi Casino De Bursa is back!

1 hour ago

EatCoconutCanWin

All in today.. momentum towards rm1.28

1 hour ago

joyvest

As per their following representation , they have placed deposit to the customer to secure orders which is very unorthodox and unusual.Usaually, Customers would be required to place deposit/Advance payment to secure supply if the supply is in great demand. However, Gtronic is citing that they are doing the opposite.Would the deposit placed with customers to secure orders be taken as briberies or otherwise??

Their mention of 144 m is left in the cash reserve is already acknowledging directly that the alleged cash missing of 60m is still unaccounted for . Would the said cash be placed as deposits as claimed to secure orders ?? Who are the customers who require this kind of deposits?? As said, the Company is not addressing seriously the missing cash of 60m but just skimming through the matters of concerns. No wonder the incumbent auditors have resigned half way in protest.

---------------------------
Their representation
"Some investors have noticed a dip in cash flow and a rise in trade receivables in recent reports. This is mainly because Globetronics is placing deposits with multinational partners to secure new orders and business opportunities. While this has a short-term impact on liquidity, it’s part of a bigger strategy to lock in future growth. The company still has over RM144 million in cash, so there’s no immediate concern about its ability to fund operations and invest in growth"

52 minutes ago

joyvest


As per their following representation, they are acknowledging the fact that the management is incompetent or they are merely passing the buck to the Management due to the pathetic sales . They are insinuating that there could be reduction in dividend payment if not none at all due to the sluggish sales. It is believed that the remaining cash of 144 m is depleted faster than expected due to poor performance.More cash would be used to pay deposit to the customers as claimed to secure orders. Do you really believe what they utter ???
---------------------------------
Their representation
"Like many companies going through a period of change, Globetronics has been the subject of rumours and speculation. The new management team, which took over in December 2023, inherited some challenges, including a shrinking order book and investment issues. As a result, they made the tough decision to adjust the company’s dividend policy. This was a necessary move to reinvest in the company’s technology and position it for long-term growth."

39 minutes ago

NatsukoMishima

Let s mr market shut joyvest big mouth !

37 minutes ago

joyvest

Dont be naive . Change of auditors before their expiry of terms of office is a serious matter and casts doubt on the financing reporting of the company and integrity of the management in handling the said matters.

37 minutes ago

joyvest

The market is not as stuxid as you are . They know to discern the truth and lies... your ignorance is larger than your loss

35 minutes ago

NatsukoMishima

Today 70 sen above ! U will regret not buy gtronic at this 10 years bottom price with 7 sen dividen later after they turnaround many osat project will shift to malaysia n gtronic will be benefitted !

26 minutes ago

NatsukoMishima

Together we all huat ah heng ah ong ah !

25 minutes ago

Shotthebull

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 my losses

18 minutes ago

SCM2023

joyvest, thank you for taking the time to warn investors about FOC and for your kind words to some of them. We appreciate your generosity and wish you a restful weekend.

5 minutes ago

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