Globetronics

Globetronics

Postby winston » Tue Oct 28, 2014 7:58 pm

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Globetronics Q3 earnings up 16.5%, declares 11 sen dividend

KUALA LUMPUR: Globetronics Technology Bhd’s earnings in the third quarter ended Sept 30, 2014 rose 16.5% to RM17.7mil from RM15.2mil on the back of improved revenue, which rose 14.3% to RM91mil from RM79.7mil.

Earnings per share rose to 6.31 sen from 5.51 sen, and the company declared a dividend of 11 sen, totalling RM30.91mil, to be paid on Nov 5, 2014.

The electronics manufacturer said its Malaysian and Singaporean segments recorded healthy sales and net profit improvement. It said it had also benefited from better economy of scale and cost control.

For the nine months so far of the financial year, earnings improved 24.2% to RM49.1mil from RM39.5mil with revenue up 9.1% to RM265.1mil from RM242.9mil.

Globetronics said it would focus on climbing up the value chain and riding on R&D initiatives in new product design and development. It also said it would continue to step up efforts in improving efficiency and reducing costs to achieve the necessary competitive edge.

“Premised on the above and barring any unforeseen circumstances, the group is optimistic of achieving better performance and growth in financial year 2014,” it said.

Source: The Star
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Re: Globetronics

Postby winston » Fri Oct 06, 2017 10:32 am

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We remain upbeat on Globetronics’ prospects, which is ramping up production of new sensor products and planning for Phase 2 capacity expansion to meet US end-clients’ demand.

We expect significant improvement in earnings from 3Q17 onwards, given the full contribution from light sensors which started mass production in June.

Globetronics' share price saw some retracement recently, after the US end-client's launch of a new premium OLED model which does not bundle the wireless headphone as expected.

However, we maintain our strong net profit growth forecast of 105% for 2018 as the primary growth driver for Globetronics is light sensors and its customer orders for gesture sensors remains intact.

There could be earnings upside to our 2018/19 forecasts due to:
a) commercialisation of developing products (particularly 3D imaging sensors), and
b) strong demand for gesture sensors (due to end-client’s bundling strategy).

Share Price Catalyst
1. Commercialising one or two new sensors in 2018-19, which are currently under
codevelopment with the client, which could significantly lift our earnings forecasts.
2. Appreciation of US dollar against the ringgit.

Source: UOBKH
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Re: Globetronics

Postby winston » Fri Oct 06, 2017 11:22 am

Expect sharp ramp-up in 2H17

2Q17 earnings of RM7m in line with expectations

Expect substantial increase in 2H17 sales on production ramp-up of light sensor and gesture sensor

Swiss customer remains bullish and is setting up VCSEL manufacturing line in Singapore

Maintain BUY with RM7.65 TP

Source: Alliance DBS
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Re: Globetronics

Postby winston » Wed May 03, 2023 12:54 pm

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Globetronics falls more than 8% as 1Q earnings come in below expectations

by Syafiqah Salim

It has five "hold", two "sell" and two "buy" ratings with a consensus target price (TP) of RM3.11,

Globetronics posted a 65.08% drop in 1Q net profit to RM3.3 million from RM9.45 million, while revenue fell 22.67% to RM33.13 million from RM42.84 million in the same quarter a year earlier due to lower volume loadings or production units from its customers, followed by higher tax expense and foreign exchange (forex) losses.


Source: theedgemarkets.com

https://www.theedgemarkets.com/node/665455
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Re: Globetronics

Postby winston » Tue Jul 25, 2023 10:05 pm

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Globetronic 2Q net profit falls 37% on lower loadings and higher expenses

By Reyanna Ng

Net profit for the second quarter ended 30 June, 2023 (2QFY2023) fall 37% to RM7.08 million from RM11.19 million reported in the corresponding quarter in the previous year owing to lower volume loadings and higher tax expenses.

Group’s revenue dropped 34% to RM31.51 million in 2QFY2023 compared with RM47.85 million in 2QFY2022.

Looking forward, the group predicts the semiconductor industry to continue experiencing challenging macroeconomic and geopolitical issues resulting in uncertain end demand, rising inflation and manpower shortages.


Source: theedgemalaysia.com

https://theedgemalaysia.com/node/676014
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