Globetronics Technology Bhd (KLSE:GTRONIC) recently announced its full-year 2023 financial results, revealing a 27% decrease in revenue to RM131.8m compared to the previous year. This decline in revenue also resulted in a 42% decrease in net income to RM26.4m, with a profit margin of 20%, down from 25% in 2022. Despite the decrease in revenue, Globetronics Technology Bhd’s EPS exceeded analyst expectations by 1.3%. However, revenue fell short of analyst estimates by 14%.

Looking ahead, the company is forecasting a 12% annual growth in revenue over the next three years, compared to a 14% growth forecast for the Semiconductor industry in Malaysia. However, the performance of the Malaysian Semiconductor industry has not been as strong, with Globetronics Technology Bhd’s shares down 7.1% from a week ago. It is important for investors to be aware of this warning sign before making any investment decisions.

Globetronics Technology Bhd’s financial performance has not been as strong as expected by analysts and investors alike. Despite this, it is important to note that our analysis is based on historical data and analyst forecasts and should not be considered financial advice. Investors should conduct their own research before making any investment decisions.