Press Release/Coverage
Globetronics' record investment of RM85mil for producing new smart sensors Print E-mail

Source: The Star Online (April 3, 2017)

GEORGE TOWN: Globetronics Technology Bhd plans a record investment of about RM85mil this year for the mass production of new smart sensors.

Group chief executive officer Datuk Heng Huck Lee told StarBiz that the group had invested RM65mil since January for the production of two new sensors for smart telecommunication devices.

“The mass production will start next month for US customers. We expect to ship out record volumes of the new sensors on a monthly basis,” he said.

In the third quarter, Heng said Globetronics planned another investment of RM15mil to RM20mil to mass produce two new sensors for the smart healthcare wearable device and automotive lighting sectors.

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Company adds RM10,000 in aid to special needs group Print E-mail

Source: The Star Online (September 29, 2016)

FOR the last three years, Globetronics Sdn Bhd has been helping the Penang Down Syndrome Association (PDSA) with aid amounting to more than RM60,000.

It is one company that takes its corporate social responsibility (CSR) programme seriously.

“We started a three-year funding programme for PDSA which ends this year,” said company director Ng Kok Choong.

“The association does good work and we will look into supporting it again,” said Ng during a RM10,000 mock cheque presentation at the company’s premises in Bayan Lepas Industrial Zone in Penang recently.

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Timely land acquisition Print E-mail

Source: The Star Online (April 4, 2016)

Penang island running out of space for new projects to take off

GEORGE TOWN: The proposal to acquire 323ha for industrial expansion is very timely as the island is running out of space for new projects to take off.

Frepenca immediate past chairman Datuk Heng Huck Lee (pic) said Penang is in a very good position to attract fresh investments from the aerospace space sector due to the surrounding electronic and electrical supply-chain eco-system, as the aerospace industry is set to expand rapidly in Asia Pacific over the next five to 10 years.

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Boost from Sensors Print E-mail

Source: The Star Online (November 16, 2015)

GEORGE TOWN: Globetronics Technology Bhd, which is one of the beneficiaries of the rise in “smart products” is looking to finish the year with a new record backed by its involvement in several projects to produce smart sensors that kicked off five months ago.

So far the group’s results for nine months have already surpassed that of the corresponding period last year.

For the final quarter which is generally weak, the company is seeing strong orders and the jobs are spilling over into the first quarter next year.

Group chief executive officer Datuk Heng Huck Lee told StarBiz that the group was on course to achieve another record year.

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Globetronics set to release 3D sensors Print E-mail

Source: The Star Online (November 17, 2014)

GEORGE TOWN: Globetronics Technology Bhd plans to release three-dimensional (3D) sensors in mid-2015 to tap into the market that is projected to worth about US$3.4bil (RM11.4bil) in 2020.

Group chief executive officer Heng Huck Lee told StarBiz that the group was currently working on 3D sensor prototypes to be used for smart devices at its Bayan Lepas plant.

“We plan to start commercial production in mid-2015 for our customers in Europe and the United States.

“We are allocating RM50mil for capital expenditure in 2015, of which a large bulk will be spent on developing new sensor products,” he said.

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Globetronics' share price surges on bullish outlook Print E-mail

Source: Focus Malaysia (July 19-25, 2014)

Counter up 40% as semiconductor-based company anticipates next level of growth

THE SHARE price of Globetronics Technology Bhd which has surged some 40% to RM4.36 year-to-date, outperforming the benchmark FBM Small Cap Index's 17% jump, may appear over-stretched to some market observers. However, the management is confident of another good year given the bullish outlook for this year unpinned by new customers, businesses and products.

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Globetronics in expansion mode Print E-mail

Source: The Star Online (May 24, 2014)

GLOBETRONICS Technology Bhd is on the lookout for electronic medical manufacturing companies to either merge or acquire to broaden its revenue base.

Group chief executive officer Heng Huck Lee says the group is now in talks with two potential partners in the Asean region to acquire a major stake in their electronic medical device manufacturing companies.

The electronic medical device manufacturing sector is a recession-proof business, which generates sustainable margins, according to Heng.

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放眼推高中長期成長 東益電子冀落實并購 Print E-mail

Source: Kwang Wah Newspaper (May 12, 2014)

(峇六拜12日訊)東益電子有限公司(GTRONIC,7022,科技組)有信心在今年結束之間,至少落實一項合并與收購交易,因它放眼推高其中至長期整體表現。

首席執行員工合利稱, 這間現代化電子零件制造商現正與2家本地公司積極洽商, 以深討潛在合并與收購。該集團也開放收購海外公司,但這些公司必須處于該行業的同樣領域。

他說:“身為東益電子股東,你將預料我們帶來更多。因此我們必須在股東的預期下驅動。我們相信我們的團隊已經就緒,我們可實際展開并購活動及建立一間成功公司。

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Globetronics upbeat about next-gen sensors Print E-mail

Source: The Star Online (May 3, 2014)

GLOBETRONICS Technology Bhd is investing between RM55mil and RM60mil to develop and manufacture next-generation sensors for wearable smart devices and smart mobile electronic products.

Chief executive officer Heng Huck Lee tells StarBizWeek that the group has secured orders for its sensors from European Union and US customers for the second half of 2014.

“We are in the production start-up stage and the sensors will be delivered starting from July.

“We expect these new-generation sensors to help the group achieve another record-breaking year for its revenue and bottom line,” Heng said.

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MIDF bullish on local semiconductor industry Print E-mail

Source: Business Times (Jan 7, 2014)

MIDF Research is upbeat on the resurging semiconductor industry on the back of buoyant demand for smartphones and tablets and has chosen Unisem and Globetronics stocks as its top picks.

It said in its research note that with the exception of Japan, global semiconductor sales reached a record US$305.6 billion (RM1 trillion) in 2013, spurred by new model roll-out by reputable phone manufacturers.

"Both global semiconductor and book-to-bill sales (unbilled sales) reinforced our positive view on the semiconductor sector and we expect this momentum will continue to be seen this year, on the back of buoyant demand for smartphones and tablets. Our top pick resides with Globetronics due to its exposure in the right segment," MIDF told investors, giving the sector a positive recommendation.

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Globetronics : Sensors to be major contributor Print E-mail

Source: The Sun Daily (Jan 13, 2014)

PETALING JAYA (Jan 20, 2014): Penang-based semiconductor player Globetronics Technology Bhd, which was founded by Michael Ng Kweng Chong, once one of the wealthiest men in Malaysia, now expects half of the group revenues to be contributed by the sensor segment in the next two years.

Ng, 65, who is the executive chairman of Globetronics, made it to the list of Malaysia's 40 richest business people about 10 years ago, as compiled by Malaysian Business. However, the name of this low profile billionaire no longer appears in the latest compilation or the Forbes List.

Globetronics CEO Heng Huck Lee (pix) told SunBiz in an email interview that on top of continuously improving the financial numbers of sales, profit and market capitalisation, it is Ng's ultimate wish to see Globetronics, a 100% local company, to continue evolving into a multinational corporation (MNC) equivalent company showcasing Malaysia's capability to compete and excel globally.

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Globetronics' new income stream Print E-mail

Source: The Star Online (Jan 13, 2014)

Group working with foreign partners to produce three new products in second half

GEORGE TOWN: Globetronics Technology Bhd is working with European and US customers to produce a new range of light-emitting diode (LED) chips, three-dimensional imaging modules and multi-port sensors to be introduced in the second half of 2014.

Group chief executive officer Heng Huck Lee told StarBiz that the group was allocating RM40mil to RM50mil to develop the new products, which would be manufactured at its plant in Bayan Lepas.

“Some of these products are now being qualified by our customers,” he added.

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Globetronics gets large orders for LED chips Print E-mail

Source: The Star Online (Nov 26, 2013)

GEORGE TOWN: Globetronics Technology Bhd expects its earnings in the first half of 2014 to outperform the results of the previous corresponding period.

Group chief executive officer Heng Huck Lee told StarBiz the group had secured substantial orders for new high-value sensor and light-emitting diode (LED) chips for customers in the United States, Japan, and Europe.

“We have started production and will deliver them in the first half of 2014.

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Pioneering semiconductor player Globetronics still hungry Print E-mail

Source: Digital News Asia (Oct 21, 2013)

  • Globetronics, with US$92mil revenue in 2012, sees gestures as future trend in devices
  • First in world to integrate proximity sensor, emitter to a single chip, smallest in the world

IT was the hot startup of its era – before the Internet and its dotcom craziness, before smartphones, before buzzwords like pivot, and almost before the venture capitalists (VCs) came in.

Though a Malaysian Government VC did play a critical role in its early days, which today sees Globetronics Technology Bhd standing proud as a leading listed Malaysian company in the semiconductor value chain, with revenues in 2012 of RM290 million (US$92 million). Near-term revenue growth looks set to be strong with RHB Research Institute forecasting 2013 revenues hitting RM361.8 million (US$114.8 million) and 2014 reveneus of RM448.1 million (US$142.1 million).

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Company Supports Good Cause Print E-mail

Source : The Star Online (September 20, 2013)

THE Penang Down Syndrome Association (PDSA) has received a RM10,000 donation again from Globetronics Sdn Bhd under the charity segment of Penang Starwalk.

The company, which sent representatives to the event’s 1km charity walk on Sunday, handed over the contribution to the association at its factory in Bayan Lepas on Wednesday.

Globetronics had also donated RM10,000 to the association at the Penang Starwalk 2011. It gave a similar amount to the Shan Children’s Home for the charity walk last year.

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A big dream come true Print E-mail

Source: The Star, StarMetro Business (July 19, 2013)

Push to be 'the best' makes firm a global player

STRIVING to be ‘the best in class’ was what it took for Globetronics Technology Bhd in Penang to transform itself from a local small and medium-scale company to a global products supplier.

Its chief executive office (CEO) Heng Huck Lee said the company strived to be ‘the best in class’ in the services and products that it provided as well as maintaining control on its growth.

“Globetronics was a small and medium enterprise (SME) start-up which dared to dream big.

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產品獨特兼客戶遍布全球 東益電子展望看俏 Print E-mail

Source: Kwang Wah Newspaper (June 30, 2013)

把東益電子有限公司(GTRONIC,7022,科技組)稱為一個良好精明設備銷售代言并不會夸大。

這家以檳城為基地的半導體公司,擁有獨家權以供應其非接觸式感應器予一家著名美國智能電話制造商長達一年。它也供應約30%的溫度調整頻率設備予一家著名韓國全球定位系統公司。

其首席執行員王合利表示:“你擁有的每部電子設備,可能有一至2個零件是由我們所制造。這個成長潛質非常龐大。”

基于其特定產品制造模式,東益電子的收益在行業其他業者掙扎求存時,仍取得突飛猛進的成長。

在截至2013年3月31日止首個財季,其凈盈利比一年前飆升67%至1019萬5000令吉。而在截至2012年12月31日止財政年,凈盈利則挺升55%至4134萬令吉,或每股15.31仙。其收益也由之前的2億6500萬令吉提高到2億9000萬令吉。

龐大的市場潛質給予東益電子管理層帶來信心,預測2013財政年的收益和盈利成長將遠高于前一年。

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Globetronics continues to ride high Print E-mail

Source: The Edge Malaysia (June 24, 2013)

It may not be an overstatement to say Globetronics Technology is a good proxy for smart device sales.

The Penang-based semiconductor company has the exclusive rights to supply its proximity sensor to a popular US-based smartphone maker for a year. It also supplies about 30% of its temperature-compensated frequency devices to a well-known South Korean GPS company.

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Globetronics capitalising on all its right moves Print E-mail

Source:  The Edge Malaysia (June 6, 2013)

GLOBETRONICS TECHNOLOGY BHD
(June 5, RM2.14)

Maintain buy at RM2.15 with a revised target price of RM2.83 (from RM2.11): We raise our earnings per share (EPS) for 2013 financial year ending December (FY13) to FY15 by 11% to 25% to account for the improved loading from Epson, both for its timing devices and for its “temperature compensation frequency device”, as well as a pick-up in its LED division led by two new customers. Our forecasts also take into account the approval of a Malaysian Investment Development Authority/Ministry of International Trade and Industry “Direct Domestic Investment” grant relating to its proximity sensor product. We estimate that this should contribute an additional RM5 million to RM6 million per year to Globe’s bottom line over FY13 to FY15.

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Auspicious start for Globetronics with a surprise dividend Print E-mail

Source: The Edge Malaysia (May 3, 2013)

GLOBETRONICS TECHNOLOGY BHD (May 2, RM1.81) 

Maintain buy at RM1.82 with a target price of RM1.96: Globetronics registered a net profit for the first quarter ended March of 2013 financial year (1QFY13) of RM10.2 million, which was within our and consensus expectations at 21.7% of our and 21.2% of consensus full-year estimates.

The strong 64.5% year-on-year (y-o-y) growth was on the back of improved profit before tax (PBT) at all its segments, especially Malaysia and Singapore, which represent 68.7% and 19.7% of the group’s PBT. Malaysia added RM1.3 million and Singapore RM2.1 million from RM6.8 million and RM200,000 in 1QFY12.

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Globetronics riding high Print E-mail

Source: The Edge Malaysia (April 15, 2013)

KUALA LUMPUR: Like it or not, semiconductor stocks aren’t that sexy these days compared to the dotcom boom days from 1997-2000. But GLOBETRONICS TECHNOLOGY BHD, which has made speedy efforts to diversify its product portfolio, seems to remain attractive for now. 

Its earnings speak well, including its share price which rebounded from a low of 80 sen in January last year to a five year-high of RM1.95 last week.  

For its financial year ended Dec 31, 2012 (FY12), Globetronics’ net profit surged nearly 55% to RM41.3 million or 15.31 sen per share from RM26.7 million or 9.99 sen per share. Revenue grew 9.4% to RM290 million from RM265 million a year ago.

The sharp rise in net profit was also partly due to gains on land disposal which amounted to RM4.6 million, apart from higher volume loadings from customers, a better product mix and economies of scale. 

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Globetronics sees strong growth Print E-mail

Source: The Star (Dec 15, 2012)

Good strategies, 9-month results contribute to bullishness

WHILE most semiconductor and electronic manufacturing companies in Penang are expecting either a contraction or a flat year due to the global downturn, Globetronics Technology Bhd is one of the few companies that are projecting strong growth compared with 2011.

Following its nine-month results, it is not surprising that Globetronics is confident of such strong performance.

For the nine months ended Sept 30, the group posted RM30.1mil in net profit on the back of RM204.7mil revenue, compared with RM207mil and RM21.7mil achieved in the same period last year.

In its filing with Bursa Malaysia, Globetronics said it was optimistic of achieving better performance and growth in the 2012 financial year.

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推出2產品被廣泛運用 東益電子將強勁增長 Print E-mail

Source: Kwang Wah Newspaper (Dec 22, 2012)

(吉隆坡22日訊)由于全球經濟放緩,雖然檳城的大多數半導體和電子制造企業業務預期的收縮或持平,但東益電子有限公司(GTRONIC,7022,科技組)業績被預計與2011年相比,它是被預料是有強勁增長的少數幾家公司之一。 由9個月業績來看,東益電子對類似強勁表現擁有信心,并不會令人感到驚奇。

在截至9月30日為止的9個業績中,它的凈利是2億700萬令吉,而一年前的凈利是3100萬令吉,而其營業額收益由去年的2170萬令吉挺至2億470萬令吉。

該公司向大馬交易所提呈的備報稱,它有信心在今年財政年內,會有更好表現與增長。

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New product line to drive Globetronics' earnings Print E-mail
Source : The Edge Malaysia (August 27, 2012)

Electronic components maker Globetronics Technology Bhd is navigating a challenging industry landscape by continuing to tap the new growth segment of smartphones and tablets.


Earlier this year, the Penang-based outfit secured a contract to supply a Europe-based client with power management devices that are used in tablets and smartphones. Although commercial production only began in May, management expects the new product line to contribute 7% to revenue in 2012.
Globetronics' revenue for the first half of this year came in at RM126.33 million, with net profit at RM15.91 million or 5.92 sen a share. The interim results, which showed a 7.4% drop in revenue but a 14.1% increase in earnings, barely reflected its new business.

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10,000 and counting for walk Print E-mail

Source : The Star (August 6, 2011)

MORE than 10,000 people have signed up for Penang Starwalk 2011, even as the closing date draws nearer.

As of yesterday, the figure has crossed the halfway mark of the targeted 20,000 walkers — touted as the biggest number in the event’s 34-year history.

The rush to register for Penang’s biggest sporting event has reached a feverish pitch as the closing date for the competition category is Aug 15 and non-competiton category on Sept 1 or when the 20,000 mark is reached, whichever is sooner.

Besides schools and hotels, a growing number of factories have also joined in the scramble to submit their entries for the walk on Sept 18.

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Shot in the arm for association Globetronics’ aid timely for PDSA to start vocational training Print E-mail

Source : The Star (September 29, 2011)

GLOBETRONICS Technology Sdn Bhd brought cheer to the Penang Down Syndrome Association (PDSA) which is planning to introduce vocational training programme for its members.

The company sponsored RM10,000 to the association for the 1km charity walk in conjunction with Penang Starwalk 2011 which was held on Sept 18.

Its human resource manager Ng Kok Choong said the sponsorship was in line with its corporate social responsibility (CSR) programme.

“We found it meaningful to participate in the charity walk.

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Globetronics Upbeat On Sales Print E-mail

Source : New Straits Times (May 19, 2011)

GEORGE TOWN: Globetronics Technology Bhd is looking at "good" first and second quarters this year, despite the recent earthquake and tsunami in Japan.

Chief executive officer Heng Huck Lee said although 40 per cent of its total RM280 million sales were to Japanese manufacturing companies, things are looking optimistic for the Bayan Lepas-based integrated circuits manufacturer, which is engaged in the energy-saving and environmental LED lighting market and crystal-based timing devices.

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Penang companies in global LED research Print E-mail

Source : The Star Online (7th June 2010)

Globetronics, Elsoft developing bright LED modules and testers

GEORGE TOWN: Two Penang-based public listed companies are involved in research and development (R&D) work to produce the world’s brightest light emitting diode (LED) modules and the next generation of high brightness LED testers.

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Globetronics likely to extend rebound Print E-mail

Source : New Straits Times (26th April 2010)

SHARE prices on Bursa Malaysia continued to consolidate in range- bound trade last week. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) continued to stay above its critical support of 1,300 points when it closed at 1,336.78 on Friday.

Key heavyweight index-linked counters led the market consolidation last week. The FBM KLCI rebounded from its intra-week low of 1,321.25 on Monday to its intra-week high of 1,339.15 on Wednesday, giving an intra-week trading range of 17.90 points.

The benchmark index posted a week-on-week gain of 4.01 points, or 0.30 per cent.

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Globetronics embarks on new business Print E-mail

Source : The Stars Online (27th August 2007)

GLOBETRONICS Technology Bhd is penetrating the solid state lighting business with new light-emitting diode (LED) products in the fourth quarter.

"The solid state lighting business is not new to us. We have for the past three years been processing the die, which emits light, used in LED products for our customers."

"We now plan to introduce finished LED products into the market in the fourth quarter,” group executive chairman and chief executive officer Ng Kweng Chong told.

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Retired Japanese engineers to give Globetronics a boost Print E-mail

Source : New Straits Times (19th May 2007)

GLOBETRONICS Technology Bhd, a chipmaker, is beefing up research in its own products by hiring retired Japanese engineers.

The company's chief operating officer Heng Huck Lee yesterday said efforts are also in place to expand its quartz crystal business which has been set up recently in Kuala Lumpur.

"The bulk of our RM20 million capital expenditure earmarked for this year will go towards expanding the new operations," he told reporters in Penang after the company's annual shareholders' meeting.

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