RHB Investment Bank Bhd (RHB Research) has upgraded its recommendation for Globetronics Technology Bhd from NEUTRAL to TRADING BUY after the integrated circuit (IC) provider entered into a three-year service agreement with ChipMos Technologies Inc worth RM145 million.
This partnership reflects a shift in strategy to seek new growth avenues for Globetronics as Globetronics anticipates earnings contributions of RM2 million to RM6 million annually from FY25 to FY27, assuming an 8%-10% net margin, as production ramps up in the second half of 2025.
The recommendation upgrade by RHB Research also reflects the potential upside from the partnership amid recent challenges, including the resignation of auditors, management changes and restructuring efforts.
However, RHB Research remains cautiously optimistic about Globetronics' structural shifts but highlights risks such as weak smartphone and peripheral sales, adverse foreign exchange movements, customer or product losses and further management instability.
Despite these uncertainties, the positive trajectory of the new partnership suggests a promising turnaround for the company.
RHB Investment Bank Bhd (RHB Research) has upgraded its recommendation for Globetronics Technology Bhd from NEUTRAL to TRADING BUY after the integrated circuit provider entered into a three-year service agreement with ChipMos Technologies Inc worth RM145 million.
This partnership reflects a shift in strategy to seek new growth avenues for Globetronics as Globetronics anticipates earnings contributions of RM2 million to RM6 million annually from FY25 to FY27, assuming an 8%-10% net margin, as production ramps up in the second half of 2025.
The recommendation upgrade by RHB Research also reflects the potential upside from the partnership amid recent challenges, including the resignation of auditors, management changes and restructuring efforts.
However, RHB Research remains cautiously optimistic about Globetronics' structural shifts but highlights risks such as weak smartphone and peripheral sales, adverse foreign exchange movements, customer or product losses and further management instability.
Despite these uncertainties, the positive trajectory of the new partnership suggests a promising turnaround for the company.
在集成電路（IC）提供商與ChipMos Technologies Inc簽訂了價值14500萬令吉的爲期三年的服務協議後，RHB Investment Bank Bhd (RHB Research)已將其對Globetronics Technology Bhd的建議從中性上調至交易買入。
這種夥伴關係反映了爲環球電子尋求新增長途徑的戰略轉變，因爲隨着2025年下半年產量的增加，Globetronics預計，假設淨利潤率爲8％-10％，從25財年到27財年，每年的收益貢獻爲200萬令吉至600萬令吉。
RhB Research的建議上調也反映了在最近面臨的挑戰（包括核數師辭職、管理層變動和重組工作）下，該夥伴關係的潛在上升空間。
但是，RhB Research對Globetronics的結構轉變仍然持謹慎樂觀態度，但強調了智能手機和外圍設備銷售疲軟、不利的外匯走勢、客戶或產品損失以及進一步的管理不穩定等風險。
儘管存在這些不確定性，但新合作伙伴關係的積極發展軌跡表明，公司的轉機前景看好。
在集成電路提供商與ChipMOS Technologies Inc簽訂了價值14500萬令吉的爲期三年的服務協議後，興業銀行投資銀行有限公司（RhB Research）已將其對環球電子科技有限公司的建議從中性上調爲買入。
這種夥伴關係反映了爲環球電子尋求新增長途徑的戰略轉變，因爲隨着2025年下半年產量的增加，Globetronics預計，假設淨利潤率爲8％-10％，從25財年到27財年，每年的收益貢獻爲200萬令吉至600萬令吉。
RhB Research的建議上調也反映了在最近面臨的挑戰（包括核數師辭職、管理層變動和重組工作）下，該夥伴關係的潛在上升空間。
但是，RhB Research對Globetronics的結構轉變仍然持謹慎樂觀態度，但強調了智能手機和外圍設備銷售疲軟、不利的外匯走勢、客戶或產品損失以及進一步的管理不穩定等風險。
儘管存在這些不確定性，但新合作伙伴關係的積極發展軌跡表明，公司的轉機前景看好。
