In 2022, Jaks's 30% share of profit for the Hai Duong Power Plant was RM156.190M

The entire plant's profit would have been RM520M (about USD120M ) in 2022

The Hai Duong Power Plant wasn't the first. They were also not smarter.

However the Hai Duong Power Plant's profit is many times higher than those reported by it's peers.

---
“There are three ways to make a living in this business: be first, be smarter, or cheat." - Margin Call
---

Quang Ninh Thermal Power JSC _____ USD444.23M _____ USD32.84M
PVPower NT2 ________________________ USD374.68M _____ USD31.09M
PECC2 ________________________________ USD56.38M ______ USD3.27M
Pha Lai Thermal Power JSC __________ USD218.13M _____ USD15.89M

https://theinvestor.vn/thermal-power-plants-record-q4-profit-drop-on-higher-costs-d3460.html

Total term loan and short term borrowings as at Sep 2018 was RM9.192M

Total borrowings has shot up to RM78.393M as at June 2023, an increase of RM69.201M from Sep 2018

If those borrowings were used to purchase energy producing assets, the interests ought to be charged to the energy segment

The entities that are currently producing energy now are Kiev CRG and Dynagen Power

The revenue and PAT for both entities were RM7M and RM1M for the whole year in 2022.

Kiev CRG SB FYE 31-12-2022
Revenue: RM1.161M
PAT: -0.124M

Dynagen Power SB FYE 31-12-2022
Revenue: RM5.843M
PBT: RM1.153M

Is the current energy-producing segment result of RM7.653M revenue and RM3.697M result for 3 months believable?

ROFL


Sep 2018 Financial report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=202757&name=EA_FR_ATTACHMENTS

June 2023 Financial report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224341&name=EA_FR_ATTACHMENTS

Being at the bow of a sinking ship is not lucky

The alleged soaring PAT is due mainly to the results of the energy segment:

Sustainable Energy Segment
Revenue (RM’000) 7,653
Segment Result (RM’000) 3,697

The reported segment results for the segment is 48%

Can believe ah?

Solarvest 22-Aug-2023 30-Jun-2023 Rev 143.389M PBT 9.420M
Pekat 22-Aug-2023 30-Jun-2023 Rev 59.45M PBT 4.714M

Everyone is having less than 10% margin.

.

Penta used to be only 0.02 per share and Mr Chuah took it to more than 4.0

With new leadership and rising revenue and profits; the potential of Aimflex is very good.

Who knows, maybe Aimflex can reach 4.0 someday.

Classic Scenic's price has doubled.

Next Eddie Ong's counter to be doubled will be Pekat

Classic Scenic's price has doubled.

Next Eddie Ong's counter to be doubled will be Pekat

Aimflex does the same thing as SFP.

If Aimflex were to have the same PE as SFP, it can potentially reach 0.40 (now 0.135)

Aimflex does the same thing as SFP.

If Aimflex were to have the same PE as SFP, it can potentially reach 0.40 (now 0.135)

The majority shareholder's 550M is under moratorium until 20th Dec 2022.

After that, 360M shares will be under moratorium for another 6 months.

When SFP Tech's share price hits RM2.00, the majority shareholder's block of shares will be worth RM1.1B.

Hopefully, he will just sell 25M shares or so and let the balance grow in value.

At RM3.8, he will be sitting on RM2B+

That will be a multi-bagger!

When Plant 3 come on-stream, floor space will be tripled.

2018
Plant 1 with a built-up area of approximately : 57,049 sq ft

2019
Plant 2 with a built-up area of approximately: 90,417 sq ft

2022 Q3
Plant 3 a built-up area of approximately 319,173 sq ft

SFP Tech's major customers include Electro Scientific Industries group of companies, Customer S and Teradyne.

The share price of Customer S jumped 0.60 to 4.45 . Maybe Customer S received big order.

Psychos - straight or reverse - will lose money chasing glove stocks.

Rubber and nitrile prices have increased

Energy costs have increased

Labour costs have increased

ASP has dropped so low, Top Glove products are being lelong-ed

Globally, there is severe over-capacity

Chinese glove companies are running into losses and will continue to dump

>>> As a friend, please be advised that Top Glove will drop to 0.30 and stay there


Blue Sail Medical

RMB Millions
Period Ending: _______ Mar 31, 2022 _____ Dec 31, 2021
Total Revenue _______ 1297.93 __________ 1535.83
Gross Profit __________ 176.33 ___________ 252.82
Operating Income ___ -59.76 ___________ -2268.19
Net Income __________ -52.45 ___________ -2263.06

SFP's latest quarterly net profit is RM8.674M and market cap is currently at RM545M.

Greatec's net profit is 3.3 times larger than that of SFP. but market capitalization is 9 times larger.

If using the same PE as Greatec, SFP price can reach RM2.70 at the current earnings.

With the 319k square feet Plant 3 that will be completed soon, SFP's capacity will be tripled. Earnings will rise further.

https://www.sfptechholdings.com/news/sfp-plant-3-construction-progress/



SFP Tech
Market Cap: 545M
Q1 2022 NP: 8.674M

Greatec
Market Cap: 4,896M
Q1 2022 NP: 28.932M

There is a big issue with Pentamaster. It hardly pay any taxes. As such, the company can have fake customers, fake revenue and fake profits.

And C B Chuah's story is getting inconsistent.

Q1 2022 financial results stated that EV market have fuelled the demand for the Group’s automotive test solutions. However, the company's website at https://pentamaster.com.my does not have any information on EV automotive test solutions.

And out-of-the-blue, the company releases a PR statement that it has 300 semiconductor test equipment and 20 robotic production lines orders.

Suddenly, no more customers for EV automotive test solutions. Who are the customers for the EV automotive and semiconductor test equipment?


"In 1Q2022, revenue from the ATE segment increased by RM43.5 million to RM130.5 million (4Q2021: RM87.0 million), representing an increase of 50.1%.

The increase was largely driven by the demand from the automotive segment given the global momentum in structurally shifting towards EV. Such resilience and growth in the EV market have fuelled the demand for the Group’s automotive test solutions entailing a full range of assembly and test technologies from front-end to back-end solutions. With vehicle manufacturers’ increasingly ambitious electrification plans coupled with supportive regulatory frameworks, the automotive industry will remain robust and contribute positively to the Group’s revenue in the short to medium term."


https://www.thestar.com.my/business/business-news/2022/07/11/pentamaster-order-book-full-till-first-quarter-of-2023

Group executive chairman C B Chuah told StarBiz that the group had secured about RM500mil worth of products to be delivered in the second half till the first quarter of 2023.

“The orders comprise about 300 semiconductor test equipment and 20 robotic production lines.

“The test equipment is priced between RM1mil and RM3mil and the robotic lines between RM5mil and RM10mil.

“The customers are from Europe, the United States and Japan,” he added.

A repost of my comments in Serbadk forum last year


Posted by MrsLim > 2021-12-12 22:33 | Report Abuse

Greatech or GreatScam?

As at 10th Dec 2021, Greatech's market cap was at a dizzying level of RM8,464M and PE ratio that is close to 100.

Greatech's website at greatech-group.com listed it's product and services as - Solar, Electronic Devices, Semiconductor, Life Science, Energy Storage and Glass Substrate.

It's FY2020 annual reported that Customer A, Customer B and Customer C accounted for 95% of the year's revenue. (Between 2019 and 2020, contribution by Customer B dropped by almost RM104M but a new Customer C contributed RM158M in 2020, a period of global pandemic).

Receivables increased sharply to RM125.559M for the quarter ended 30 September 2021.

Taxes paid for the first 9 months of 2021 is only 0.8% of PBT.

It appears that Greatech derived it's revenue primarily from EV customers.

However, the customers have not been specifically named, with the exception of Atlis Motor Vehicles. Altis Motor Vehicles is just a start-up and the amount of money that it has managed to raised through crowdfunding was only about USD5M.


--->>> Without paying taxes, a company can report high profits just by shipping empty boxes.

--->>> While revenue has increased by 174% for the first nine months of 2021, trade receivables and contract liabilities increased by 237% to reach RM237.344M

--->>> Greatech's customers are dubious

--->>> Greatech's only customer that was named is Altis Motor Vehicles

--->>> By doing fund raising through Instagram and crowdfunding, Altis Motor Vehicles also appears to be a dubious company

--->>> Aturmaju Resourses also has questionable customers and financials and currently has a PE ratio of 2

--->>> At a PE of 2, Greatech's share price is worth only RM0.14/share (2019 PAT RM87.847 x 2 / 1252)



__________________________ 30/09/2021 ______ 30/12/2020
Trade and other receivables ___ 125.559M _______ 41.459M
Contract liabilities ___________ 111.785M ________ 58.349M

Cumulative 9 months _________ 30/09/2021 ______ 30/12/2020
Revenue ___________________ 326.83M ________ 184.78M
Cost of sales ________________ (197.072M) ______ (107.209M)
Gross Profit _________________ 132.761M _______ 77.571M
PBT _______________________ 114.983M _______ 60.144M

Tax expense ________________ (0.947M) ________ (0.806M)

Net Profit __________________ 114.036M ________ 59.338M


https://www.theedgemarkets.com/article/greatechs-us-unit-wins-battery-purchase-order-new-electric-vehicle-customer

KUALA LUMPUR (April 5): Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells.

“This new order confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions provider said in a statement.

The identity of the customer and the value of the purchase order were not disclosed.

Page 112
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207121&name=EA_DS_ATTACHMENTS

___________________ FY2020 __________ FY2019
Customer A _________ 48,035.960M _____ 47,744.048M
Customer B ________ 42,054.731M ______ 146,268.945M
Customer C ________ 158,117.222M ______ *
Total _____________ 248,207.913M ______ 194,012.993M


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207121&name=EA_DS_ATTACHMENTS
Page 19
In August 2020, the Group successfully secured our first order for a PLS from a new customer in the EV energy storage.

As announced in February 2021, through our wholly owned subsidiary, Greatech Integration (USA) Inc. has successfully inked a partnership agreement with Atlis Motor Vehicles, Inc.

In early April 2021, the subsidiary successfully secured its first purchase order in USA from a new EV customer for equipment for the production of lithium-ion battery cell.


Atlis Motor Vehicles R&D products: Atlis Energy, XP Platform, XT Pickup

Crowd Funding by Atlis Motor Vehicles
https://investinatlismotorvehicles.com/
Investors: 4,108
Raised: USD 4.999M



Mabel #rchi Mabel,not wise to waste energy to defend this piece of S*it.Better spend time monitoring your winning trade like greatec.Going forward,Fed likely hasten monetary tapering.More s*its will join this one n atamis m mgrc.
12/12/2021 6:52 PM

Cheers to Greatech.

Greatech has been a Darling..

Bought since IPO and it keeps giving Mabel endless orgasm...

To our success

Meow
12/12/2021 9:41 PM

ATA was always on the RSS list but there were no short positions.

The Total Net Short Position 30/12/2021

Top Glove: 224,224,225
Kossan: 25,853,140
Hartalega: 25,405,525
Supermax: 6,297,050

V.S. : 16,434,186
SKP: 9,064,150


I hereby warn you that MAG is worth only 0.05 and Atech is worth only 0.50 . Get out immediately.



PriorityFF88 Don't forget idss and pdt short sell begins tomorrow after 22 months ! Good luck ! Have warned enough, the stubborn will pay off the lessons
02/01/2022 7:02 PM

The CEO is Fong Chiu Wan and is still with ATA.

You, PriorityFF88, should catch your failing intelligence and credibility.


PriorityFF88 I have warned many times to take profit at 70 sen + , the price has surged from 38 sen, many retailers will be carrying the baby for few years.
They had lost the CEO, ED and also Dyson's contract , do not catch the falling knife
02/01/2022 7:00 PM

Going EV is a possibility but best to have named customers. Otherwise, will become another bubble like Greatech.


TanChinku Without Dyson no worries can also approach China Geely/proton to go EV and many more options
27/12/2021 10:11 PM


--- NOTES ON GREATECH ----


As at 27th Dec 2021, Greatech's market cap was at a dizzying level of RM8,327M and PE ratio that is close to 100.

Greatech's website at greatech-group.com listed it's product and services as - Solar, Electronic Devices, Semiconductor, Life Science, Energy Storage and Glass Substrate.

It's FY2020 annual reported that Customer A, Customer B and Customer C accounted for 95% of the year's revenue. (Between 2019 and 2020, contribution by Customer B dropped by almost RM104M but a new Customer C contributed RM158M in 2020, a period of global pandemic).

Receivables increased sharply to RM125.559M for the quarter ended 30 September 2021.

Taxes paid for the first 9 months of 2021 is only 0.8% of PBT.

It appears that Greatech derived it's revenue primarily from EV customers.

However, the customers have not been specifically named, with the exception of Atlis Motor Vehicles. Altis Motor Vehicles is just a start-up and the amount of money that it has managed to raised through crowdfunding was only about USD5M.


--->>> Without paying taxes, a company can report high profits just by shipping empty boxes.

--->>> While revenue has increased by 174% for the first nine months of 2021, trade receivables and contract liabilities increased by 237% to reach RM237.344M

--->>> Greatech's customers are dubious

--->>> Greatech's only customer that was named is Altis Motor Vehicles

--->>> By doing fund raising through Instagram and crowdfunding, Altis Motor Vehicles also appears to be a dubious company

--->>> Aturmaju Resourses also has questionable customers and financials and currently has a PE ratio of 2

--->>> At a PE of 2, Greatech's share price is worth only RM0.14/share (2019 PAT RM87.847 x 2 / 1252)



__________________________ 30/09/2021 ______ 30/12/2020
Trade and other receivables ___ 125.559M _______ 41.459M
Contract liabilities ___________ 111.785M ________ 58.349M

Cumulative 9 months _________ 30/09/2021 ______ 30/12/2020
Revenue ___________________ 326.83M ________ 184.78M
Cost of sales ________________ (197.072M) ______ (107.209M)
Gross Profit _________________ 132.761M _______ 77.571M
PBT _______________________ 114.983M _______ 60.144M

Tax expense ________________ (0.947M) ________ (0.806M)

Net Profit __________________ 114.036M ________ 59.338M


https://www.theedgemarkets.com/article/greatechs-us-unit-wins-battery-...

KUALA LUMPUR (April 5): Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells.

“This new order confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions provider said in a statement.

The identity of the customer and the value of the purchase order were not disclosed.

Page 112
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...

___________________ FY2020 __________ FY2019
Customer A _________ 48,035.960M _____ 47,744.048M
Customer B ________ 42,054.731M ______ 146,268.945M
Customer C ________ 158,117.222M ______ *
Total _____________ 248,207.913M ______ 194,012.993M


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...
Page 19
In August 2020, the Group successfully secured our first order for a PLS from a new customer in the EV energy storage.

As announced in February 2021, through our wholly owned subsidiary, Greatech Integration (USA) Inc. has successfully inked a partnership agreement with Atlis Motor Vehicles, Inc.

In early April 2021, the subsidiary successfully secured its first purchase order in USA from a new EV customer for equipment for the production of lithium-ion battery cell.


Atlis Motor Vehicles R&D products: Atlis Energy, XP Platform, XT Pickup

Crowd Funding by Atlis Motor Vehicles
https://investinatlismotorvehicles.com/
Investors: 4,108
Raised: USD 4.999M


.

Almost all industries in Malaysia are currently dependent on foreign workers. While the issues such as migration costs, living conditions and working hours are common in all industries, Andy Hall will target only industries such as glove, palm oil, EMS and others that are dependent on exports. And any companies that do not 'engage' (aka pay off) Andy Hall be attacked with negative publicity, manufactured evidence and petitions to the CBP.


INDUSTRIES THAT ARE SUBJECT TO US CBP CONTROL

GLOVE
Top Glove, Supermax, Smart Glove, Brightway Holdings - attacked by Andy Hall

PALM OIL
Sime Darby Plantation - engaged Andy Hall's services

EMS
ATA - attacked by Andy Hall
V.S., SKP - engaged Andy Hall's services

TIRE
Goodyear Tire & Rubber Co Malaysia - attacked by Andy Hall


INDUSTRIES THAT ARE NOT SUBJECT TO US CBP CONTROL

RETAIL
7-11, MyNews - never mentioned by Andy Hall

CONSTRUCTION
MMC-Gamuda - never mentioned by Andy Hall

SECURITY GUARDS
Many condo and building security guard services - never mentioned by Andy Hall

.

It is inaccurate to state that ATA has 'already loss 80% revenue', because the contract will run until June 2022. ATA will lose 80% of revenue by June 2022 if they do not do anything with their factory capacity. Under such circumstances, companies will do invariably do something. For instance, VS has lost RM1B worth of revenue when Victory Innovations cancelled their contract.

The market is pricing in end-of-the-world situation for ATA due to negative publicity created by Andy Hall.

If potential revenue drop is the only proxy for share price, Air Asia will be worth only 0.16 because AA's actual revenue dropped by 90% compared to 2019.

And even if ATA's revenue were to drop to about RM850M per year, it is still double that of Greatech's annual revenue of RM400M+. If revenue is the only proxy, ATA's market cap ought to be double that of Greatech's market cap. However, ATA's market cap of RM789M is one-tenth that of Greatech's market cap of RM8,327M.



Aaron_tan Already loss 80% revenue, wtf need to use cash to rebuy shares lol
27/12/2021 6:45 PM

https://www.fda.gov/news-events/press-announcements/coronavirus-covid-19-update-fda-authorizes-first-oral-antiviral-treatment-covid-19

FDA NEWS RELEASE
Coronavirus (COVID-19) Update: FDA Authorizes First Oral Antiviral for Treatment of COVID-19

For Immediate Release: December 22, 2021

Today, the U.S. Food and Drug Administration issued an emergency use authorization (EUA) for Pfizer’s Paxlovid (nirmatrelvir tablets and ritonavir tablets, co-packaged for oral use) for the treatment of mild-to-moderate coronavirus disease (COVID-19) in adults and pediatric patients (12 years of age and older weighing at least 40 kilograms or about 88 pounds) with positive results of direct SARS-CoV-2 testing, and who are at high risk for progression to severe COVID-19, including hospitalization or death. Paxlovid is available by prescription only and should be initiated as soon as possible after diagnosis of COVID-19 and within five days of symptom onset.

“Today’s authorization introduces the first treatment for COVID-19 that is in the form of a pill that is taken orally — a major step forward in the fight against this global pandemic,” said Patrizia Cavazzoni, M.D., director of the FDA’s Center for Drug Evaluation and Research. “This authorization provides a new tool to combat COVID-19 at a crucial time in the pandemic as new variants emerge and promises to make antiviral treatment more accessible to patients who are at high risk for progression to severe COVID-19.”

...

Paxlovid significantly reduced the proportion of people with COVID-19 related hospitalization or death from any cause by 88% compared to placebo among patients treated within five days of symptom onset and who did not receive COVID-19 therapeutic monoclonal antibody treatment. In this analysis, 1,039 patients had received Paxlovid, and 1,046 patients had received placebo and among these patients, 0.8% who received Paxlovid were hospitalized or died during 28 days of follow-up compared to 6% of the patients who received placebo. The safety and effectiveness of Paxlovid for the treatment of COVID-19 continue to be evaluated.

.

Total Net Short Position for 23/12/2021

TOPGLOV TOP GLOVE CORPORATION
Total Net Short Position: 216,896,625

Drebar like you everyday eat ikan bilis hangus only?


Legend Next week breakfast nasi lemak sambal ikan bilis hangus.
24/12/2021 3:31 PM

Sham activist, Andy Hall, will be sued for billions.

Andy Hall has gone to the extent of pinning a manufactured video in his Twitter front page. In the video, Andy Hall has described the video as SHOCKING and that foreign workers were seemingly running from a factory.

(ATA IMS’s operations are housed in 28 factories and warehouses in Johor. Its total production floor space exceeds 1.48 million square feet.)

However, if you were to look at the video carefully, you will notice that:

- the video was not taken in a factory, but in a store or warehouse area

- a few workers were climbing down from a second storey platform that is full of finished products

- no workers were seen running from the warehouse ( described as factory by Andy)

- if indeed the workers are running away, won't they be at the gate or guard house. And if so, wouldn't the video be taken there as well?

- there is nothing to suggest forced labor. No chains or shackles like those used by the British during colonial times

- workers were strolling from the left to the right, and right to left

- lack of a context on who, why, where and when the video was taken


--->>> Andy Hall appeared to be using 'manufactured' evidence that is twisted out of context to extort consultancy fees

--->>>And it is trite that extortion is both a tort and a crime and whichever party that is complicit will also be liable

--->>> Whichever party that is getting the ATA's Dyson volume will also be a party to the 'secret profits' and can be liable together with the conspirators.

i3lurker,

I was referring to the tin industry's price dropping by 50% in 1985. And today, China is the biggest producer of tin in the world.

Is there another industry whereby ASP is dropping sharply and China's market share has increased from 16% to 20+% and soon will be the biggest producer?


i3lurker MrsLim

Investment Banks says this a typical "Supply Response".
JP Morgan had also recently mentioned a similar supply response on copper.

When a Demand Situation occurs,
investors initiate a Race to Bankruptcy .... "Supply Response"
19/12/2021 6:09 PM

My 8th sense is indicating > 0.83 by year end.


deMusangking my 6th sense tells me will be > 0.75 by year end!!!
not a sick sense!!!!

u still doubt words of wisdom??!!!!!

haha
19/12/2021 6:00 PM

Once the brightest start of the Malaysian economy, Malaysia only produces less than 1.5% of total world tin production.

The main reason was due to the total collapse of the world tin industry in October 1985 when the price of tin fell by more than 50%.

Tin production of Malaysia and tin price
Year ___ Production (tonnes) ___ Average Price (RM$/kg)
1970 ___ 73,795 _____________ 10.99
1975 ___ 64,364 _____________ 15.94
1980 ___ 61,404 _____________ 35.72
1985 ___ 36,884 _____________ 29.67
1986 ___ 29,134 _____________ 15.39
1989 ___ 32,034 _____________ 23.09
1990 ___ 28,468 _____________ 16.45
1991 ___ 20,710 _____________ 15.05
1994 ____ 6,458 _____________ 14.14
2000 ____ 6,307 _____________ 20.45
2001 ____ 4,972 _____________ 16.80
2002 ____ 4,215 _____________ 15.44
2003 ____ 3,358 _____________ 18.58


--->>> Prices declining by 50% is bad news

.

The forced labor allegations, first in glove and palm oil companies and now in EMS companies, have been made by Andy Hall and A. Ananthalakshmi of Reuters.

Whichever company that does not 'reach out' will be attacked by Andy Hall and A. Ananthalakshmi of Reuters.

Andy Hall has gone to the extent of pinning a manufactured video in his Twitter front page. In the video, Andy Hall has described the video as SHOCKING and that foreign workers were seemingly running from a factory.

(ATA IMS’s operations are housed in 28 factories and warehouses in Johor. Its total production floor space exceeds 1.48 million square feet.)

However, if you were to look at the video carefully, you will notice that:

- the video was not taken in a factory, but in a store or warehouse area

- a few workers were climbing down from a second storey platform that is full of finished products

- no workers were seen running from the warehouse ( described as factory by Andy)

- if indeed the workers are running away, won't they be at the gate or guard house. And if so, wouldn't the video be taken there as well?

- there is nothing to suggest forced labor. No chains or shackles like those used by the British during colonial times

- workers were strolling from the left to the right, and right to left

- lack of a context on who, why, where and when the video was taken


--->>> Andy Hall appeared to be using 'manufactured' evidence that is twisted out of context to extort consultancy fees

--->>>And it is trite that extortion is both a tort and a crime and whichever party that is complicit will also be liable

--->>> Whichever party that is getting the ATA's Dyson volume will also be a party to the 'secret profits' and can be liable together with the conspirators.


--- Andy Hall's twitter ---

https://twitter.com/Atomicalandy

Pinned Tweet
Andy Hall @Atomicalandy Nov 26
(SHOCKING VIDEO allegedly of ATA workers revealed) A deeply disturbing video has been shared with me. In the video, foreign workers seemingly with identifiable blue ATA t-shirts heard shouting ‘Dyson’ ‘Dyson people’ whilst seemingly running from a factory. Andy Hall 26th Nov 2021



Abba84 Wondering, if,Dyson change course ,revokes earlier forced labor allegations!
Seems a bit risky, hypothetical!
Wat u say?
19/12/2021 9:23 AM

i3lurker,

Probably Sri Trang is running at full capacity; while Top Glove and Blue Sail are producing based on forecast.

Their strategies will be different because:
- cost structures are different (Thailand, where Sri Trang, is the biggest producer of latex. Korea, Japan and US are the biggest producers of acrylonitrile-butadiene rubber )
- tax structures are different (Blue Sail taxed at 9%, Sri Trang taxed at 8%, Top Glove taxed at 22%)
- Malaysia used to enjoy comparative advantage in the form of lower costs of labor. However, now that activists are insisting that the workers need to sleep on 1200 thread count Sheridan sheets, rooms that are decorated by Martha Stewart, and meals prepared by Michelin-starred chefs; the cost advantage has been eroded.

Like the Tulip mania, issues like capacity and cost do not matter when the bubble burst.


i3lurker MrsLim


The Business School Question
This case study is purely administrative and does not reflect which company is in any way better or worse off.


Option A
This strategy runs factory at 100% and put excess production into warehouse

Option B
Run factory based on sales forecast.

1) Please link the abovementioned 3 financials with Options A and B, which is which?

2) Which Option has less or more risks? Please illustrate.

3) What are the long term consequences of Options A and B?

4) Did these companies select their Options A and B strategies appropriately based on their financial abilities?

5) Could and should these companies had restructured their financials in order to change their decision making in order to select a more favorable option?
14/12/2021 2:04 PM

Who's going to blink first?


Top Glove

_______________ 3 months ended (MYR in millions)

___________________30th Nov 2021 ___ 30th Nov 2020 __ change
Revenue ___________ 1584.12 ________ 4758.33 _______ -66.71%
Cost of sales ________ 1367.06 ________ 1712.23 _______ -20.16%
Operating Profit ______ 260.55 _________ 3084.84 _______ -91.55%
PBT _______________ 258.85 _________ 3084.66 _______ -91.61%
Profit for the period ___ 202.37 _________ 2387.26 _______ -91.52%

Assets
Cash & equivalents ___ 894.95 _________ 878.45 ________ 1.88%
Inventories __________ 997.03 _________ 1144.71 _______ -12.90%
PPE _______________4090.38 _________3958.72 _______ 3.33%
Total Assets _________ 9017.49 ________ 9782.42 _______ -7.82%

Profit / Revenue ______ 12.78% _________ 50.17%
Profit / Assets ________ 2.24% __________ 24.40%
Cash / Total Assets ____ 9.92% __________ 8.98%
Revenue / Inventories _ 158.88% _________ 415.68%



Sri Trang Gloves

_______________ 3 months ended (THB in millions)

___________________ 30th Sep 2021 ___ 31st Dec 2020 __ change
Revenue ____________ 10864.03 _______ 8192.64 _______ 32.61%
Cost of sales _________ 5272.87 ________ 3265.46 _______ 61.47%
Operating Profit _______ 4987.23 ________ 4827.02 _______ 3.32%
PBT ________________ 4982.50 ________ 4803.48 _______ 3.73%
Profit for the period ____ 4532.82 ________ 4404.77 _______ 2.91%

Assets
Cash & equivalents ____ 25414.22 _______ 24273.99 ______ 4.70%
Inventories ___________ 5297.88 ________ 3266.36 _______ 62.20%
PPE ________________ 17203.49 _______ 9736.82 _______ 76.68%
Total Assets __________ 53045.63 _______ 44235.90 ______ 19.92%

Profit / Revenue _______ 41.72% ________ 53.76%
Profit / Assets _________ 8.55% _________ 9.96%
Cash / Total Assets _____ 47.91% ________ 54.87%
Revenue / Inventories ___ 205.06% _______ 250.82%



Blue Sail Medical

_______________ 3 months ended (RMB in millions)

___________________30th Sep 2021 ___ 31st Mar 2021 __ change
Revenue ___________ 1384.78 ________ 3166.69 _______ -56.27%
Operating Profit ______ -12.98 _________ 1858.77 _______ -91.55%
PBT _______________ -14.57 _________ 1861.22 _______ -100.69%
Profit for the period ___ -22.91 _________ 1718.39 _______ -101.33%

Assets
Cash & equivalents ___ 4186.18 _________ 3979.49 ________ 5.19%
Inventories __________ 1037.86 _________ 1021.48 _______ 1.60%
PPE _______________ 4894.39 _________ 3397.33 _______ 44.07%
Total Assets _________ 18776.43 ________ 17738.43 _______ 5.85%

Profit / Revenue _______ -1.65% __________ 54.26%
Profit / Assets _________ -0.122% _________ 9.69%
Cash / Total Assets _____ 22.29% _________ 22.43%
Revenue / Inventories __ 133.43% _________ 310.01%

Erratum on Sri Trang's date of financial indicators.

Should be 30th Sep 2021 (not 2020)


Sri Trang Gloves
_______________ 3 months ended (THB in millions)

___________________ 30th Sep 2021 ___ 31st Dec 2020 __ change
Revenue ____________ 10864.03 _______ 8192.64 _______ 32.61%
Cost of sales _________ 5272.87 ________ 3265.46 _______ 61.47%
Operating Profit _______ 4987.23 ________ 4827.02 _______ 3.32%
PBT ________________ 4982.50 ________ 4803.48 _______ 3.73%
Profit for the period ____ 4532.82 ________ 4404.77 _______ 2.91%

Assets
Cash & equivalents ____ 25414.22 _______ 24273.99 ______ 4.70%
Inventories ___________ 5297.88 ________ 3266.36 _______ 62.20%
PPE ________________ 17203.49 _______ 9736.82 _______ 76.68%
Total Assets __________ 53045.63 _______ 44235.90 ______ 19.92%

Profit / Revenue _______ 41.72% ________ 53.76%
Profit / Assets _________ 8.55% _________ 9.96%
Cash / Total Assets _____ 47.91% ________ 54.87%
Revenue / Inventories ___ 205.06% _______ 250.82%

i3lurker,

Don't need to wait for 5 years. Can just read tea leaves to know the future.

You already saw the future in another counter.


THE PRESENT

Top Glove
_______________ 3 months ended (MYR in millions)

___________________30th Nov 2021 ___ 30th Nov 2020 __ change
Revenue ___________ 1584.12 ________ 4758.33 _______ -66.71%
Cost of sales ________ 1367.06 ________ 1712.23 _______ -20.16%
Operating Profit ______ 260.55 _________ 3084.84 _______ -91.55%
PBT _______________ 258.85 _________ 3084.66 _______ -91.61%
Profit for the period ___ 202.37 _________ 2387.26 _______ -91.52%

Assets
Cash & equivalents ___ 894.95 _________ 878.45 ________ 1.88%
Inventories __________ 997.03 _________ 1144.71 _______ -12.90%
PPE _______________4090.38 _________3958.72 _______ 3.33%
Total Assets _________ 9017.49 ________ 9782.42 _______ -7.82%

Profit / Revenue ______ 12.78% _________ 50.17%
Profit / Assets ________ 2.24% __________ 24.40%
Cash / Total Assets ____ 9.92% __________ 8.98%
Revenue / Inventories _ 158.88% _________ 415.68%


Sri Trang Gloves
_______________ 3 months ended (THB in millions)

___________________ 30th Sep 2020 ___ 31st Dec 2020 __ change
Revenue ____________ 10864.03 _______ 8192.64 _______ 32.61%
Cost of sales _________ 5272.87 ________ 3265.46 _______ 61.47%
Operating Profit _______ 4987.23 ________ 4827.02 _______ 3.32%
PBT ________________ 4982.50 ________ 4803.48 _______ 3.73%
Profit for the period ____ 4532.82 ________ 4404.77 _______ 2.91%

Assets
Cash & equivalents ____ 25414.22 _______ 24273.99 ______ 4.70%
Inventories ___________ 5297.88 ________ 3266.36 _______ 62.20%
PPE ________________ 17203.49 _______ 9736.82 _______ 76.68%
Total Assets __________ 53045.63 _______ 44235.90 ______ 19.92%

Profit / Revenue _______ 41.72% ________ 53.76%
Profit / Assets _________ 8.55% _________ 9.96%
Cash / Total Assets _____ 47.91% ________ 54.87%
Revenue / Inventories ___ 205.06% _______ 250.82%


THE PAST

At an output of 600k plus metric tonnes per year, Malaysia ranks 6 in terms of major producer of latex. The biggest producer of latex is Thailand with close to 5M metric tonnes per year.

Malaysian glove factories use only 8% of locally sourced rubber. 92% is imported from Thailand.

Rubber price has increased from USD1.33/kg in April 2020 to USD2.37/kg in March 2021 before moderating to USD1.93/kg in Nov 2021



i3lurker MrsLim

1) => Greatech main subsidiary has pioneer status, its tax free until 2023

2) => for a company that is only 3 years old, it will not be so easy to do public desk audit on it.
Lack of data will mean that if you input into some "wink wink" templates, all kinds of flashing lights will blink.
And it will not be fair or an honorable thing to do to this company.

3) => 5 years old will be an adequate time to draw some conclusions either way good or otherwise.
You heard about the saying fengshui master 10 years 8 years???
12/12/2021 10:59 PM

Greatech or GreatScam?

As at 10th Dec 2021, Greatech's market cap was at a dizzying level of RM8,464M and PE ratio that is close to 100.

Greatech's website at greatech-group.com listed it's product and services as - Solar, Electronic Devices, Semiconductor, Life Science, Energy Storage and Glass Substrate.

It's FY2020 annual reported that Customer A, Customer B and Customer C accounted for 95% of the year's revenue. (Between 2019 and 2020, contribution by Customer B dropped by almost RM104M but a new Customer C contributed RM158M in 2020, a period of global pandemic).

Receivables increased sharply to RM125.559M for the quarter ended 30 September 2021.

Taxes paid for the first 9 months of 2021 is only 0.8% of PBT.

It appears that Greatech derived it's revenue primarily from EV customers.

However, the customers have not been specifically named, with the exception of Atlis Motor Vehicles. Altis Motor Vehicles is just a start-up and the amount of money that it has managed to raised through crowdfunding was only about USD5M.


--->>> Without paying taxes, a company can report high profits just by shipping empty boxes.

--->>> While revenue has increased by 174% for the first nine months of 2021, trade receivables and contract liabilities increased by 237% to reach RM237.344M

--->>> Greatech's customers are dubious

--->>> Greatech's only customer that was named is Altis Motor Vehicles

--->>> By doing fund raising through Instagram and crowdfunding, Altis Motor Vehicles also appears to be a dubious company

--->>> Aturmaju Resourses also has questionable customers and financials and currently has a PE ratio of 2

--->>> At a PE of 2, Greatech's share price is worth only RM0.14/share (2019 PAT RM87.847 x 2 / 1252)



__________________________ 30/09/2021 ______ 30/12/2020
Trade and other receivables ___ 125.559M _______ 41.459M
Contract liabilities ___________ 111.785M ________ 58.349M

Cumulative 9 months _________ 30/09/2021 ______ 30/12/2020
Revenue ___________________ 326.83M ________ 184.78M
Cost of sales ________________ (197.072M) ______ (107.209M)
Gross Profit _________________ 132.761M _______ 77.571M
PBT _______________________ 114.983M _______ 60.144M

Tax expense ________________ (0.947M) ________ (0.806M)

Net Profit __________________ 114.036M ________ 59.338M


https://www.theedgemarkets.com/article/greatechs-us-unit-wins-battery-purchase-order-new-electric-vehicle-customer

KUALA LUMPUR (April 5): Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells.

“This new order confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions provider said in a statement.

The identity of the customer and the value of the purchase order were not disclosed.

Page 112
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207121&name=EA_DS_ATTACHMENTS

___________________ FY2020 __________ FY2019
Customer A _________ 48,035.960M _____ 47,744.048M
Customer B ________ 42,054.731M ______ 146,268.945M
Customer C ________ 158,117.222M ______ *
Total _____________ 248,207.913M ______ 194,012.993M


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207121&name=EA_DS_ATTACHMENTS
Page 19
In August 2020, the Group successfully secured our first order for a PLS from a new customer in the EV energy storage.

As announced in February 2021, through our wholly owned subsidiary, Greatech Integration (USA) Inc. has successfully inked a partnership agreement with Atlis Motor Vehicles, Inc.

In early April 2021, the subsidiary successfully secured its first purchase order in USA from a new EV customer for equipment for the production of lithium-ion battery cell.


Atlis Motor Vehicles R&D products: Atlis Energy, XP Platform, XT Pickup

Crowd Funding by Atlis Motor Vehicles
https://investinatlismotorvehicles.com/
Investors: 4,108
Raised: USD 4.999M



Mabel #rchi Mabel,not wise to waste energy to defend this piece of S*it.Better spend time monitoring your winning trade like greatec.Going forward,Fed likely hasten monetary tapering.More s*its will join this one n atamis m mgrc.
12/12/2021 6:52 PM

Cheers to Greatech.

Greatech has been a Darling..

Bought since IPO and it keeps giving Mabel endless orgasm...

To our success

Meow
12/12/2021 9:41 PM

You mean likely prices for Top Glove and Supermax?

Possible, but will be at the best case scenario, because ASPs are dropping and all Malaysian glove manufacturers will report losses going forward.


Top Glove target pricing
Likely case: RM50M x 8 / 8207M = 0.05
Medium case: RM150M x 8 / 8207M = 0.14
Best case: RM300M x 8 / 8207M = 0.29

Supermax target pricing
Likely case: RM20M x 8 / 2721M = 0.06
Medium case: RM50M x 8 / 2721M = 0.15
Best case: RM100M x 8 / 2721M = 0.29


-------------

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar


Lucifer999 0.30
12/12/2021 5:22 PM

Valuation is not so straight forward for a company that is being extorted.

Many people think glove companies will go bust, even Top Glove.

However, I think TG will not go bust. It's share price will just eventually drop to 0.50 .

Funnily, TG has yet to follow the market efficiency theory.

Lucifer999 Too late damage is done. Share price will just reflect based on this. Stock market is not court not about justice or issues
11/12/2021 10:15 PM

Andy Hall just keep changing the issues and shifting the goalpost. His and Ananthalakshmi's actions are bordering on extortion. And it is trite that extortion is both a tort and a crime and whichever party that is complicit will also be liable.

https://www.astroawani.com/berita-malaysia/no-report-received-alleged-assault-former-ata-ims-worker-ayob-khan-333224

"Johor police confirms that until today no police report was received on a former ATA IMS Bhd worker who was allegedly assaulted during an interrogation." - Johor police chief, Datuk Ayob Khan Mydin Pitchay

"Nevertheless, we take note of this issue and will conduct an investigation if what was reported (by Reuters) exists," he said in a statement, here today. - Datuk Seri M Saravanan, Malaysia’s Minister of Human Resources.

https://focusmalaysia.my/ata-ims-issue-addressing-points-raised-by-andy-hall-and-mohrs-stand/

I visited the workers accommodation and found it to be in a satisfactory condition. I have also held a discussion with ATA IMS’ management as well as met general workers during this visit.

While I welcome feedback and criticism, I urge all parties to be fair and to await the outcome of investigations before making accusations. – Dec 11, 2021

p.s.
Imagine a situation when someone post pictures of an unhygienic and cramped hostel rooms and allege that those belong to Cocoaland. In addition, the same person will point out that Cocoaland's EPF contribution is only 5% instead of 12% and that the workers are forced to work overtime.

So Cocoaland's share price takes a dive to 50 cents.

Not having gotten what he wanted, the blackmailer further alleges that Cocoaland's products are not halal.

Should Cocoaland's share price dive to 25 cents of Monday? Hmmmm, maybe.

NatsukoMishima Thought everything settled already but suddenly get charged from MOH , monday sure diving to 25 sens !
11/12/2021 4:34 PM

Is there any proof that workers' living conditions are better in VS and SKP?

Don't think so.

The only difference is that VS and SKP 'reached out' to Andy Hall, whatever 'reach out' means; and whether it involved commercial arrangements is a question mark.

Whichever company that does not 'reach out' will be attacked by Andy Hall and A. Ananthalakshmi of Reuters.

Just have a look at A. Ananthalakshmi's articles in Reuters. Her articles are mostly on allegations of human rights issues:

https://www.reuters.com/journalists/a-ananthalakshmi?view=page&page=1&pageSize=50

A. Ananthalakshmi should focus on the living conditions of her own country:

https://undark.org/2020/07/29/chennai-river-restoration-impacts-poor/

successor26,

Thanks for the article.

The Human Resources Minister, MOHR, JTK Johor and HRDC have already stated that ATA’s employees’ accommodations are at a satisfactory level.

If there was a grey area, it will be with regard to excessive overtime hours.

But the decision to perform overtime lies with the workers, solely on voluntary basis.

Furthermore, 60A(1A) of the Employment Act allows for hours to be exceeded under special circumstances. The inability to bring in foreign workers during the MCO will be considered as special circumstances.


60A. Hours of work
(1A) The Director General may, on the written application of an employer, grant permission to the employer to enter into a contract of service with any one or more of his employees, or with any class, category or description of his employees, requiring the employee or employees, or the class, category or description of employees, as the case may be, to work in excess of the limit of hours prescribed under subsections (1) (a), (b), (c) and (d) but subject to such conditions, if any, as the Director General may deem proper to impose, if he is satisfied that there are special circumstances pertaining to the business or undertaking of the employer which renders it necessary or expedient to grant such permission:


----------------------------------------------------

successor26 News

ATA IMS Committed To Work With Government On ESG Improvement
By Business Today

December 9, 2021

ATA IMS Bhd welcomed a visit from Human Resources Minister, Datuk Seri M Saravanan on Wednesday, December 8, 2021, towards fostering closer cooperation with the Government with its ongoing efforts in the Environmental, Social and Governance (ESG) spectrum.

...

Speaking to some of the employees, I am assured that their welfare is being taken care of,” says Saravanan.

...

“The Minister, who was accompanied by officials from the Ministry of Human Resources (MOHR), Johor Department of Labour (JTK Johor) and Human Resources Development Corporation (HRDC), was pleased with the conducive working environment at the Company’s factories and found ATA’s employees’ accommodations at a satisfactory level,” the company says in a media release today.

calvintaneng,

Kpower now only 42 sen.

40% cheaper now.

Buy more?


Stock: [KPOWER]: KUMPULAN POWERNET BHD

Posted by calvintaneng > Sep 24, 2021 4:24 PM | Report Abuse

Calvin happy to buy kpower at 69.5 sen

And will buy some more if it gets cheaper

Best time to buy is when people are fearful

calvintaneng,

Kpower now only 42 sen.

40% cheaper now.

Buy more?


Stock: [KPOWER]: KUMPULAN POWERNET BHD

Posted by calvintaneng > Sep 24, 2021 4:24 PM | Report Abuse

Calvin happy to buy kpower at 69.5 sen

And will buy some more if it gets cheaper

Best time to buy is when people are fearful

calvintaneng,

Kpower now only 42 sen.

40% cheaper now.

Buy more?


Stock: [KPOWER]: KUMPULAN POWERNET BHD

Posted by calvintaneng > Sep 24, 2021 4:24 PM | Report Abuse

Calvin happy to buy kpower at 69.5 sen

And will buy some more if it gets cheaper

Best time to buy is when people are fearful

There might be elements of sabotage.

If anyone were to visit the following site and to view the picture in the site, the immediate reaction will be disgust towards ATA.

Foreign workers at Dyson supplier allege exploitation – UK report
https://theworldnews.net/my-news/foreign-workers-at-dyson-supplier-allege-exploitation-uk-report

However, the picture was not taken from ATA's worker hostel!

The picture was taken in a hostel on the 2nd floor of a premise in USJ Subang Jaya and the real news was about the living conditions of workers who were fired by unnamed 3 SMEs in Subang Jaya as a result of the MCO in early 2020.

https://www.freemalaysiatoday.com/category/nation/2020/04/08/sacked-and-abandoned-foreign-workers-now-living-in-squalor-says-mtuc/

The issue is not about fact-checking before publishing any report.

If fake evidence was deliberately planted and/or taken out of context, the issue will be deliberate sabotage.


oskchoon Ataims official statement that Andy Hall fabricated forced labour accusation to bring bad reputation to our Malaysian EMS. Industry to force Dyson terminated the supply contracts so that the said contracts can be given to another company favour to him..
07/12/2021 8:41 PM

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=121219&name=EA_GA_ATTACHMENTS

ATA IMS Clarifies Reuters Report,
Company Firmly Committed to Wellbeing of Employees and Ethical Practices

JOHOR BARU, Tuesday, 7 December 2021: ATA IMS Berhad (“ATA”) views with great concern a recent report by Reuters titled ‘Dyson splits with Malaysia supplier, stoking concern over migrant worker treatment’, which was published on its website on Sunday, 5 December 2021.

ATA wishes to provide clarifications to the report, which it hopes will help readers to have a better perspective on ATA’s continuous and concerted efforts in addressing and improving its labour and social compliance standard and practices, and ensuring a positive business continuity.

1. Workers’ overtime:
• ATA’s company policy strictly adheres to Malaysian labour law, which permits up to 104 hours on normal working days in a month. If workers perform overtime, it is solely on voluntary basis.
• The Company pays workers double pay for working on Sundays and triple pay for working on public holidays.
• In certain months, which have four (4) Sundays and public holidays, a few managers had allowed their workers to work beyond the number of hours allowed.
• ATA views this seriously and has taken remedial measures effective immediately to ensure that this does not reoccur.
• The Company has started implementing a zero overtime on Sunday policy; that unfortunately resulted in the resignation of close to 300 local and foreign workers in the first week of December 2021.

2. Work permits:
• As of to date, all workers on the premises of ATA have valid work permits.
• Challenges with regards to work permits faced by the Company and others within the industry/sector occurred during the Movement Control Order (MCO), when the relevant government offices were running at limited capacity.

3. Coaching of factory employees:
• The Company employs 222 supervisors within the entire business unit, who diligently perform their duties to ensure the smooth running of their divisions and the wellbeing of the employees under their supervision.
• In reference to Reuters’ reporting, only one supervisor was engaged in a highly uncommon incident of coaching employees on what to say to auditors.
• The Company wishes to stress that this is not a company policy and views seriously such non-compliance.
• Towards this, remedial action has been taken against the aforesaid employee.

4. Whistleblowing policy and channels:
• There are external whistleblowing channels operated by independent third parties, supported by the Malaysian Government and the Company’s Human Resources department.
• These channels are in multiple languages; are well promoted and publicised on the Company’s premises; and any reports through these channels go directly to the Company’s customers’ legal teams and the Malaysian authorities.
• The Company wishes to state that these complaints were not previously raised through any of these channels.

5. Former worker Dhan Kumar Limbu:
• The Company refers to another recent Reuters report with regards to foreign worker Dhan Kumar Limbu, which was published on Reuters’ website on Thursday, 25 November 2021.
• The Company wishes to inform that the Johor police has issued a statement on Saturday, 27 November 2021 stating that to date, it has not received any reports regarding the alleged physical abuse by the police of the aforesaid ATA worker.
• The Company had also engaged a prominent law firm, which conducted an independent audit. Based on its findings, the law firm concluded that the allegation made by the aforesaid worker is unjustified and unsubstantiated, and unlikely to have taken place.

ATA remains committed to ensuring the wellbeing of its local and foreign workforce as it delivers quality products and services to its customers in over 80 countries. ATA has a Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) compliance audit planned for December 2021. The Company expects to pass this audit, validating its efforts in this area.

Towards this, ATA requests for Reuters to publish our response, enabling its readers and all interested stakeholders to have a balanced view of the issues highlighted in its reporting.

Kindly attribute quotes to “ATA IMS Berhad” or “the Company”

goodiewilly,

Ask ATA to talk to Dyson and work out a plan.


goodiewilly See ATA price movement for the past one week, margin calls is coming by next week, how to avoid that ? Now notice is received to top up ..shit shit shit
07/12/2021 6:04 PM

stockraider,

Care to show pictures of Ta Ann's provided accommodations for workers, whole families, village etc?

BTW, Andy Hall should take a look at Inari and Philippines Amerton!

https://www.industriall-union.org/the-philippines-amertron-fires-532-union-members

"532 activists and members have been fired from Amertron Incorporated Philippines after forming a union."


stockraider Rubbish lah!

TAANN is so kind...not only hire foreign labors....also provide accomodations for their whole families mah!

This is what we call a very caring employer this TAANN mah!

Lu tau boh ?



Posted by MrsLim > Dec 7, 2021 5:58 PM | Report Abuse

calvintaneng,

If Ta Ann is such an honest company that is enjoying high CPO prices and EBITDA, why is the company hiring 'forced labour' and not paying the 12-13% statutory EPF employer contribution?


07/12/2021 6:01 PM

calvintaneng,

If Ta Ann is such an honest company that is enjoying high CPO prices and EBITDA, why is the company hiring 'forced labour' and not paying the 12-13% statutory EPF employer contribution?


Revenue 1,217.998M
EBITDA 184.201M
EBITDA/Revenue: 15.12%

Contributions to state plans 8,315.139M
Wages, salaries and others 142,173.533M
EPF/Salaries: 5.85%


calvintaneng AIYOO SIFUPUREBULL

AVOID ALL FORM OF CORRUPTION

GO BUY THE MOST HONEST COMPANY CALLED TAANN FOR GOOD DIVIDENDS
07/12/2021 3:02 PM

"Bad move, Dyson. When you identify a problem in your supply chain, disengaging w/ the supplier is the *opposite* of what you are supposed to do. Due diligence means engaging to improve the conditions, not cut & run which can cause thousands of job losses" - Anna Katrin Cavazzini (a German politician of the Alliance 90/The Greens who has been serving as a Member of the European Parliament since 2019)

Andy Hall has attacked Thai pineapple company Natural Fruit; petitioned to US Customs and Border Protection (CBP) to investigate Hartalega and Supermax; and now made sweeping allegations towards Malaysian EMS companies.

The most important question is whether his initiatives have created more good than harm and do they address the fundamental problem.

There have been numerous documentaries on modern slaves in Britain. Shouldn't Andy Hall focus on his home country where tens of thousands of have been smuggled into the country, and forced to work as slaves against their will.

Special Report: Exploited: Britain's Hidden Slaves
https://www.youtube.com/watch?v=VDcG2iwyGvU

Britain's Modern Slave Trade l Al Jazeera Investigations
https://www.youtube.com/watch?v=JKoeUxvijRA

oskchoon,

I think so too.

As it is, ATA has the lowest margin (EBITDA/Revenue) compared to VS and SKP.

On the other hand, Dyson's margin continue to increase.

And with the additional costs to accommodate all workers' demands, it will not be profitable to be a supplier to Dyson.


+++ Dyson FY2020
Revenue: £5.7 billion (RM31.86 billion) (increased 6%)
EBITDA: £1.3 billion (RM7.267 billion) (increased 18%)
EBITDA/Revenue: 22.81%


+++ ATA IMS FY 2021

Revenue : RM4,221.815M
EBITDA : RM252.398M

EBITDA/Revenue: 5.98%
Salaries/Revenue: 8.71%
EPF/Salaries: 3.54%


+++ VS FY 2021

Revenue : RM4,002.281M
EBITDA : RM438.587M

EBITDA/Revenue: 10.96%
Salaries/Revenue: 11.6%
EPF/Salaries: 4.39%


+++ SKP FY2021

Revenue : 2,251.182M
EBITDA : RM206,898M

EBITDA/Revenue: 9.19%
Salaries/Revenue: 8.32%
EPF/Salaries: 5.24%


oskchoon VS or SKP are not interested to take over Ataims contract due to very low margin and they don't like dictatorship style of Dyson, so either Dyson have to pack up from Malaysia and go to Nepal or Bangladesh to get the supply as these two country have a better human rights establishment.. Hahaha.
07/12/2021 10:30 AM

"My areas of concern include the legality of the use of outsourced migrant workers through third party agents, the risks inherent in the government’s recalibration scheme as well as working hours, living wage and social dialogue issues, amongst others." - Andy Hall

Almost all EMS corporations in Malaysia have been audited by the Responsible Business Alliance (RBA), a body widely engaged by electronics firms to conduct factory audits.

If the those corporations have passed the audits by RBA, who is Andy Hall to say otherwise and what gave him the authority to launch unilateral attacks on those companies?

The areas of concern regarding 'outsourced migrant workers through third party agents' and government’s recalibration scheme are structural and public policy issues that impact almost all industries in Malaysia, ranging from domestic helpers, manufacturing, security guards, construction, retail, restaurant, etc.

On the issue of long working hours, what is the percentage of foreign workers who is against overtime jobs? Has anyone been forced to work against their will? Are all the workers' passport being held by agents?

As to the living conditions, the following pictures will show the external environment of an ATA IMS hostel vs a PPR flat in Malaysia. Who has a better living environment?

ATA IMS' hostel for foreign workers

https://gazette.com/news/us-world/workers-hostel-owned-by-ata-ims-bhd-is-seen-in-johor-bahru/image_4375ba96-e30e-50a4-a95c-19f00a3964fd.html

A PPR flat for Malaysians

https://headtopics.com/my/long-wait-for-ppr-units-indicative-of-bigger-housing-problems-the-malaysian-insight-4552314

Ultimately, it's puzzling on how can a 'flagged' corporation solve all the structural and public policy issues just by reaching out to an activist?

If by kow-towing in to a self-named and self-styled activist can be a solution to structural problems that cannot be solved, then more activist hedge funds, 'hushmail', greenmail and blackmail will appear. And they will be better funded and more aggressive.