Globetronics results in line with expectations

According to market statistics, Globetronics Technology Bhd led the pack with the stock falling some 16%, or 85 sen, at its close.

KUALA LUMPUR: Globetronics Technology Bhd’s latest quarterly results  have come in line with Affin Hwang Capital Research’s expectations.

“As anticipated, quarterly earnings momentum further improved into 2Q17. While 1H17 results accounted for 17% of our full-year forecast, we deem this inline, in anticipation of a stronger 2H17 upon full contribution of the light sensor,” Affin said.