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Bunnie Portfolio: Globetronics Technology Berhad
Wednesday, June 07, 2006

GTRONIC(7022) Main Board Technology

Globetronics Technology Bhd is involved in providing integrated, specialised, and advanced technology-based electronic manufacturing services.

Total issued shares: 1,310 million

Free Float about 25%

Major shareholders: Wiserite SB 23.4%, EPF 14.9%, Lembaga Tabung Haji 3.8%













Looking at the figures from FY2003 to 2005, GTRONIC look like a company with stable turnover and profit, but not much of growth.

Dividend payout had been quite consistent. At RM0.30 , PE is 16 and Divident Yield is 6%. Not a feasible investment fundamentally.

However, let’s take a look at the chart:



















The price of GTRONIC had been swinging between the horizontal channel of RM0.30 and RM0.365 since early 2006. The support at RM0.30 seems to be strong. The all-time low was RM0.25 as can be seen. This made GTRONIC a valid candidate for swing trading.

Bought price : RM0.30

Cut loss price: RM0.27

Target price: RM0.36


Profit potential : +20% Downside risk : -10%

posted by winpulse @ 9:06 AM,

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