Globetronics net profit margin set to improve

AmInvestment Bank Research said it continues to like Globetronics due to its robust margin arising from its sensor business (60% of total group revenue); strength in smart sensors, with new-generation sensor demand expected to drive growth ahead; and ramp-up in laser automotive headlamps to boost its light-emitting diodes/solid-state lighting segment.

KUALA LUMPUR: Globetronics Technology Bhd’s key sensor segment is expected to remain soft in the fourth quarter of its financial year ended Dec 31, 2021.

The segment is projected to see flattish growth year-on-year, as its key customers are still caught in the supply chain disruption, according to AmInvestment Bank Research.