Page 2 - Globetronics Technology News Today

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0425 GMT –…

PETALING JAYA: Globetronics Technology Bhd acknowledges that 2023 would be a challenging year and it expects to experience a decline in profitability.

Globetronics Technology Bhd (GTB) expects a slowdown in the global electronics industry, following the unprecedented surge in demand for chips during the pandemic.

The worst may not be over for technology companies that are listed on the Bursa Malaysia as weaknesses in their bottom lines may persist for some time.

PETALING JAYA: Despite netting lower earnings in the third quarter (3Q22), Globetronics Technology Bhd’s long-term prospects remain intact.

KUALA LUMPUR: Globetronics Technology Bhd expects its operations to continue to be impacted by the highly infectious Omicron variant of Covid-19.

KUALA LUMPUR (April 26): Here is a brief look at some corporate announcements and news flow on Tuesday (April 26), involving Malayan Flour Mills Bhd (MFM), Malaysia Airports Holdings Bhd (MAHB), Bintai Kinden Corporation Bhd, Nestlé (Malaysia) Bhd, Westports Holdings Bhd, KPower Bhd, Country Heights Holdings Bhd (CHHB), Thong Guan Industries Bhd, Parkson Holdings Bhd, Cycle & Carriage Bintang Bhd, Sime Darby Plantation Bhd (SDP), Comintel Corp Bhd, United Plantations Bhd, AmFIRST Real Estat...

PETALING JAYA: The current semiconductor cycle, which has continued for more than two years, may not peak anytime soon.

KUALA LUMPUR: Maybank IB Research has cut its target price for Globetronics Technology Bhd to RM2.44 from RM2.80 after revising its earnings forecast for the company.

KUALA LUMPUR: Globetronics Technology Bhd's earnings declined in the third quarter due to "lower volume loadings from certain customers" and cautioned that the Covid-19 uncertainties may impact its financial results.