Quick take: Globetronics Q3 earnings send stocks lower


KUALA LUMPUR: Shares in Globetronics Technology Bhd fell more than 2% in early market trading Wednesday after announcing a 19% drop in its earnings in the third quarter ended Sept 30.

The semiconductor counter, the third top losers on Bursa Malaysia, shed 3.18%, or seven sen to RM2.13 with 1.12 shares done.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Globetronics , semiconductor

Next In Business

Krishnan Tan confirms full cooperation with MACC probe into IJM
Ringgit to trade in tight range between RM3.95 and RM3.96 next week
McDonald’s Malaysia to invest RM1bil over five years, open 100 restaurants
Nestle Malaysia and UPM Launch Halal@STEM Programme for Students
Building adaptation –the way forward
Youths say no to home buying
The festive cash tsunami
Creador Foundation, Censuria make strategic investments in local cafe chain Hock Kee Kopitiam
Swatch turns Monet into wearable art
US policy boosts Singapore banks

Others Also Read