Globetronics’s softer YoY 3Q19 bottomline was largely due to lower volumes from the phasing out of its selected QCTD components, as well as easing of its other products (i.e. sensors).
KUALA LUMPUR: Maybank Investment Bank Research is retaining its Sell call on Globetronics Technology due to lofty valuation and limited near-term upside catalysts.
Its 12 month target price was RM1.56 as compared with the last traded price of RM2.20.
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