|Globetronics' share price surges on bullish outlook|
Source: Focus Malaysia (July 19-25, 2014)
Counter up 40% as semiconductor-based company anticipates next level of growth
THE SHARE price of Globetronics Technology Bhd which has surged some 40% to RM4.36 year-to-date, outperforming the benchmark FBM Small Cap Index's 17% jump, may appear over-stretched to some market observers. However, the management is confident of another good year given the bullish outlook for this year unpinned by new customers, businesses and products.
Globetronics CEO Heng Huck Lee is confident of bringing the company to the next level as many foreign funds have been talkng to the company lately becuase they see a lot a value and potential in it.