Lower demand for products keeps utilisation rate low for Globetronics


MIDF Research said it gathered from the management that there are new products and platforms under development, which could potentially be seen in 2024.

PETALING JAYA: There should be better quarters sequentially ahead for Globetronics Technology Bhd but the tech company is set to experience a downturn on an annual basis as its financial year 2023 (FY23) earnings would still see a significant reduction as compared to a year ago.

This is because of lower demand for its products which is keeping the utilisation rate low.

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