Thank you very much Tansri777 for providing such detailed information of AT completed solar ventures. I admire your confidence in AT capabilities.The solar projects undertaken by AT are not more than RM5M each. I expect the estimated financing for a 18B annual glove manufacturing facility to be in excess of RM500M

If AT is serious in attracting investors must provide all relevant information when making press release and not wait to release them only when queried by Bursa.

Thanks Tansri777 for posting the write up for AT new venture at Larut Matang. Still no cost figures how much iAT will spend to build the new plant, hostel for the workers & the cost to set up the machinery for the production line to produce 18B nitrile gloves annually Nice cerita but no facts to evaluate viability of the project for investment decision Good story line for newbies & traders

Guys, In all the cerita of AT new expansion plans to build the new factory with 60 production lines, is there any mention of the cost involved to build the plant and to set up the 60 production lines? If any of you have come across the figures please share with us. Thank you

AT new factory plan only good on paper. How to finance the project must be made known. I don’t buy the story of using PP, SIS, ESOS , for financing. How much can you raise via this route when NSOH is already 4B+?

Please read Fintec latest AR for details of
KLSE companies that Fintec have invested

Sonickid, you managed to take profit? I believe Jembo91 is correct not to re enter at $0.175. Only buy back at a reasonable market valuation or have clarity of the mode of financing for the 60 production line. If by way of PP, SIS, ESOS I doubt can raise that much.Banks are now also very cautious. Remember NSOH is already 4.2B. Is it possible to double this?

Careplus. Comfort & Rubberex all have only modest expansion plans to increase their annual glove capacity. Being current market players why they don't have such ambitions plans for a 60 production line? Even Mah Sing a company much stronger financially compared to AT have plans to invest only RM150M for a 12 production line. Just curious what would be the thoughts of the CEOs of all these companies of AT plan to build a 60 production line from scratch in the district of Larut & Matang in Persk

Can get coin back also good Sesuke. Don't let Ah Long come banging on front door

Good to get out at RM0.185-RM0.19 since you already have profit Sonickid. Set your reentry level lower. AT market capitalisation at RM700M is still very high. No justification for the Chemor plant to increase AT market capitalisation by so much.

Oskchoon, Firstly AT 60 production line must be up and running before we can even think of AT price being close to Comfort, Careplus & Rubberex. I fully agreed with onionchong. Is AT feasibility study for the 2nd plant flawed? To export 18B gloves one would expect to set up a plant close to a major container port eg Port Klang or Butterworth. The land AT bought is 100KM from Butterworth- a 2 hours transit time. Can you imagine the logistics to position all the 20-40ft containers to pick up the gloves and transport 2 hours to Butterworth? More important is the financing to build a plant of 60 production lines from scratch. Honestly I am skeptical of this cerita

For VC RI to be successful VC price must improve greatly. If shareholders do not think that they can profit substantially from subscribing for the RI will not be willing to do so. Nobody will put in more money to see it stuck for months with the possibility of even losing their hard earn money when after RI VC price is purposely sell down again . Those who voted for RI at EGM comprise of only 32% of the NSOH. VC BOD must seriously put in the effort to build up shareholders confidence

Never believe directors TP. Obviously will give a high TP to prevent you from selling or induce you to buy more. AT plans for 60 production lines is more than the combined annual glove capacity of Rubberex, Comfort & Careplus. Can materialise or not?

AT at RM0.185 will give a market valuation of RM782M. AT 2nd qtr results NTA is only RM0.058 with total assets of just RM152M . Does the new glove plant is Chemor suddenly gives AT an added value of RM600M?

AT at RM0.3 gives a market valuation of 1.2B for a single glove plant is too high. Crazy. There are so many other KLSE companies to invest and make profit AT is not the only company. I work on fundamentals and value investment. Don’t simply throw away our hard earn money by being swayed by the herd mentality If AT at RM0.30 I will just walk away from AT

Guys, RM700M is no small money to raise under our current business environment. I would prefer to wait for AT 3rd quarter financial results (results out next month) to assess AT financial health before making a decision.

Mah Sing is spending RM150M for 12 glove production line to produce 3.6B gloves annually. To extrapolate 60 production lines will require a possible capital funding of RM750M. Have AT already secure the necessary funds or is the funding still a work in progress?

Top Glove has earmarked RM10B capex over the next 5 years to increase annual glove capacity from 85.5 B to 100 B by Aug 31, 2021 & 121 B by FY22. AT plans to have an annual glove capacity of 18 B which is more than the total combined capacity of all the new factories that the other 8-9 KLSE companies will be building in 2021. Does AT have the financial capacity to secure the necessary funds to build a plant of such a capacity? Looks like even more SIS, ESOS, PP & RI coming Don’t be too excited with the news of AT buying the land from Seacera for the new glove expansion Sill a long way to go before plan can materialise

Vortex8, I am still a substantial shareholder of VC. No point writing in VC forum when cannot have intellectual discussion. Only useless span in VC whereas in Fintec forum there are investors who I can have a meaningful dialogue. The problem shared by both VC & Fintec is that there are too much free float which makes it difficult for price appreciation. As pointed out by many investors in Fintec forum directors are not substantial shareholders. VC likewise also have a similar issue. Since VC directors are not willing to become substantial shareholders again have opted for share consolidation to reduce the NSOH. Fintec may also follow a similar path as what they did back in 2017. This may be a good move as it will reduce the number of weak holders The price of Fintec & VC perhaps are encourage to drift lower or kept low as a strategy for accumulation and a means to earn substantial returns. Can also earn handsomely by purposely depressing share price.

The problem with Fintec is NSOH is 2.8B which is rather large. Once price increase sure to attract those weak holders who will take quick profit and those trap at higher prices who will sell to cut loss to get out.

harvest 123, the problem of directors credibility exist in many KLSE companies. There are just too many listed companies with not enough management skills and expertise. At the end of the day many who are not so savvy will be sure to lose their hard earn money. Unless Bursa makes it mandatory that to be appointment as ED must hold a minimum percentage of the NSOH. Otherwise decision made by the BOD may not be in the best interest of shareholders. By the time the financial results are out showing substantial losses or enter PN17 there is nothing much the ordinary shareholders can do except suffer in silence and sell their shares.at a substantial loss

IGood posting Musang King. If directors are also substantial shareholders the management decisions made will have to be in the best interest of the company as indirectly it will also affect their pockets if the company makes a loss or the share price were to weaken. Bursa should come up with a ruling that executive directors. should hold a minimum percentage of shares which will protect the interest of the shareholders. Even as one of the major 30 substantial shareholders we still do not command the voting rights to vote out those non performing directors.

newbie5354, What is your question? Sorry not all the time monitoring Fintec chat group?

Musang King, Like you I too have a similar issue with another KLSE company which I do not wish to disclose at this forum. None of the directors are shareholders. Only an executive director is the major shareholder. This caused the company free float to be almost 900M With so much free float there are bound to be shareholders who will cut loss or take quick profit. This company is stuck in a trading range of $0.05-$0.06 for months. If Executive Directors are substantial shareholders in a stroke of pen will effectively reduce the free float and easier for the share value to appreciate. As you have said Fintec shareholders may be faced with a similar problem compounded by the fact that the NSOH is 2.8B which is very large . I am of the opinion that directors must lead by example and have faith in the company that they manage to be a substantial shareholders

VC-WB is a better option. If after share consolidation NSOH will only be 15M . If seriously want to push very easy. Hold tightly Where can get NSOH of 15M ?

WaaTakTahu, Now that VC is active again I see you are back to talk nonsense . If you do not know a person financial standing don’t simply ridicule and spill vermin. It only reflects on you as a person.

Announced another 4M SIS. Never ending. How to have confidence?

It makes me wonder whether K -Star is a right partner. K-Star is a sports shoe manufacturer. Got the network to distribute gloves to hospitals, clinics, pharmacies?

As I watch Fintec drift lower reminds me of Fintec after 2017 RI . For a long time from-2019 until June this year was trading at a range of $0.04-$0.065. Perhaps Fintec may be purposely suppress because if assuming Fintec rise to $0.13 worthwhile to convert Wartant C which will see Fintec NSOH increase by an additional 1.1 B

Fintec is faced with a chicken and egg question. If they were to try to monetise their shareholding’s in other KLSE companies the prices may fall drastically unless there is a huge pool of buyers willing to buy up their stakes. May have an issue realising their paper gains

I agree with you Musang King that it is a red flag with no big shareholders. The high NOSH is worrisome. There will be bound to be many weak holders and those quick to take profit. This situation is compounded with the many SIS and ESOS further diluting the capital base

Mustang King, Fintec RM720 M is paper profit not realised. In the past I too was lured by Fintec fantastic results, good fundamentals, NTA etc Held for many years. Saw it came all the way down to RM0.025 in March before rebound. Good lesson learnt. Trade carefully. Good luck everyone in 2021.

Eventually share consolidation sure will come

HamsterHuat You said Fintec must die die support RI price of RM0.08. Back in 2017 RI was also RM0.08 Fell beliow RM0.08. In fact in March this year Fintec fell to RM0.02 and only move up again because of the recent RI
May again beak the RI price of RM0.08 as what happen back in 2017.

Another 52M+ ESOS will be listed tomorrow. Endless fund raising

KNM just announced sold 6M+ Treasury shares. What is the rationale for the sale?

Another 270M SIS. Money collected from RI not enough some more capital dilution. Looks like reservation list on flight to Holland will materialise

Years ago when I was working in a public listed company my company director asked us not to sell our shares as it will go up. Even when I left the company years later never reached TP. Never believe Director. High TP promoted just to prevent you from selling. Use your own judgement

Jlex11 & recovery, Back in 2017 I analysed like you too. You expect it will move up based on your analysis but instead moved in the opposite direction and got stuck in the doldrums for many years. Good lesson learnt. Do not be trapped thinking it is a bargain. Can remain “ under value “ for years. Just have to be extra careful

The Edge reported AT glove investment is RM63.8M with annual glove capacity of 1.3 B At RM 0.20 AT market capitalisation is RM817M At TP of RM0.50 AT capitalisation will be RM2.0 B Need to throw away all the books on value investing

Bgt9963, Operator may sell big to cause panic come Monday with many retailer players also joining the rout. Will buy back later at much lower price. Have seen this play out many many times. Similar to what happen back in 2017. One way for Operator to make mega bucks. Hope I am wrong

KTG Bhd just announced will be spending RM54M to set up a glove factory at its existing factory in Kamunting Perak. At least 6 KLSE companies have recently announced plans to set up glove manufacturing facilities How will AT fare against these new entrants and the existing players come next year?

VC actually easier target for RTO because free float 800+M

NSK already 3rd largest shareholder of another KLSE company

Interesting to watch whether all glove manufacturing companies can still earn super normal profits when the other glove plants are in operation come first quarter 2021 Remember other countries have also set up their own glove manufacturing facilities

Important is market capitalisation. At RM0.185 AT capitalisation is RM751M Is AT total assets worth that much?

Did I read correctly announcement to Bursa come Monday 2.0+ B RI will listed? Total NSOH will now be 4.8+B?

Logically speaking unrealised profit ie money in the air not yet n pocket as much as RM700M can be considered profit? If money in the air can pay auditor and build glove factory no need RI

As I have said before if VC BOD is serious in implementing RI need to build investors confidence. With present VC shareholders sentiment few be willing to subscribe for the RI Can forget about raising funds as many other KLSE companies would have siphoned off money from the market already with their many PP, SIS & RI . VC is late in the game implementing RI in 2021 unless of course the Malaysian economy recover in the 1st quarter

Told you guys sometime back whether AT is worth RM670M taking into consider the glove factory in Chemor and all AT other assets. At that time AT was in the region of RM$0.20-RM$0.22 Now AT market capitalisation is still around RM$670 M despite price has fallen to RM$0.165 This is because NSOH have increased to 4.0+ B with the many PP, ESOS, SIS You have to decide what you want to do going forward. If you see AT worth RM670 M or more than keep AT.