I am hoping for it to go down further. But looking at it , tomorrow there is a possibility for it to go higher.

looking at it possible to shoot back above 0.155.

Please sell. At least until reach 10 cents. I want to buy more at that price. :-)

Huraiii finally moving with so many news and project in hand.

Monday it will need to break 27.5 cent before reach above 30 cent. Looking at the volume and chart still strong. Looking at the interest are very strong. This one will break 30 cent very fast one.

Huh berusaha sedaya upaya suruh org jual. Hhahaha. Kesian pun ada. But this people i think get pay to do this thing. Nobody in a right mind will come barking everyday or so many time just for free. Hahahah one more thing, if there is many guys like this come...you know that shark is inside and they want you to throw.That is the bait.

Monday it will need to break 27 cent before reach above 30 cent. Looking at the volume and chart still strong. Looking at the interest are very strong. This one will break 30 cent next week.

sorry tak minat mahsing. slow progress and only on paper. AT factory already run, price very cheap, potential profit in very near quarter and potential for upside for share price is very high. Mahsing campak dalam longkang jer.slow.

hahah miss the boat la tu. Aiyo kesian pun ada.

AT Systematization weekly trading volume breaches 10 billion shares

https://www.theedgemarkets.com/article/systematization-weekly-trading-volume-breaches-10-billion-shares

KUALA LUMPUR (Nov 14): AT Systematization Bhd (ATS) continued to see a surge in trading activity in the past trading week with its total weekly trading volume exceeding the 10 billion mark, likely driven by the craze for rubber glove stocks.

Over the week, the counter almost doubled in share price, ending the week at 25.5 sen, up 96% from its closing of 13 sen on the previous Friday (Nov 6).

On Thursday, ATS closed at a four-year high of 27 sen, before it pared gains to close at 25.5 sen on Friday, for a market capitalisation of RM829.55 million. In a nutshell, some RM309 million has been added to the company’s market cap.

ATS consistently topped the list of active stocks on Bursa Malaysia everyday throughout the week.

According to Bloomberg data, there was a total of 10.85 billion shares that changed hands during the week, accounting for slightly over 16% of the local bourse’s total weekly volume of 67.64 billion shares. Such high trading volume is considerably rare on the local bourse over the past 10 years.

To put things in perspective, the number of ATS shares traded during the week was more than three times the company’s total outstanding shares of 3.25 billion.


The company had first caught the eye of investors after proposing the acquisition of industrial glove maker Pearl Glove (Malaysia) Sdn Bhd on June 10.

Although Pearl Glove is involved in the manufacturing of industrial gloves and not rubber gloves, the company’s share price was able to join the rally on rubber glove counters.

Two months after announcing the proposed Pearl Glove acquisition, ATS unveiled a separate glove venture in August.

Its wholly-owned subsidiary AT Glove Engineering Sdn Bhd (AGESB) had entered into a supply contract with Ripcol Engineering Sdn Bhd (RESB), which would see RESB act as AGESB’s contractor to design, fabricate, install, test and commission six rubber glove production lines.

Setting up the six lines would cost ATS some RM36.15 million. In total, AGESB would produce 928 million pieces of rubber gloves a year with the six lines — 103 million pieces from the single former dipping line and 825 million pieces from the double former dipping lines.

The fifth double dipping former line is expected to be installed and commissioned by April next year. The company released an update on the rubber glove venture in late October and it had given earnings guidance on the new venture, expecting the rubber glove business to contribute annual revenue of RM860 million, which is over 40 times the RM20 million achieved in its financial year ended March 31, 2020 (FY20).

The update and earnings guidance sparked frenzied buying interest in its shares.

Regarding the Pearl Glove acquisition, the deal fell through. On Wednesday (Nov 11), ATS said it had terminated the share sale agreement that was signed in June with vendors Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon.

ATS cited the “non-fulfilment of certain conditions” for the termination of the agreement but did not elaborate.

After the termination, ATS said it will be focusing on building up its own glove production capacity via the establishment of a new plant in Perak, which is currently under construction.

ATS has made known that it targets to install an annual production capacity of up to 2.6 billion pieces of medical-grade nitrile gloves by June 2021, based on the assumption that its production lines run 24 hours per day and 30 days per month.

It said the six lines would be installed in stages, with the single former dipping line to be commissioned by the end of this month. Nonetheless, ATS has not disclosed if it has already secured orders for its nitrile gloves.

To raise fresh funds, the company has placed out three tranches of shares. Some 200 million shares were priced at 7.16 sen per share on Sept 28, another 230 million shares at eight sen on Oct 6 and 249.97 million shares at 6.3 sen on Oct 16.

The company’s largest shareholder is Asiabio Capital Sdn Bhd, which owns a 12.96% stake, followed by Mak Siew Wei with a 10.72% equity stake.

Asiabio also holds shares in DGB Asia Bhd and Vsolar Group Bhd, with both seeing high trading volume of 769.18 million shares and 348 million shares this week too.

AT Systematization weekly trading volume breaches 10 billion shares

https://www.theedgemarkets.com/article/systematization-weekly-trading-volume-breaches-10-billion-shares

KUALA LUMPUR (Nov 14): AT Systematization Bhd (ATS) continued to see a surge in trading activity in the past trading week with its total weekly trading volume exceeding the 10 billion mark, likely driven by the craze for rubber glove stocks.

Over the week, the counter almost doubled in share price, ending the week at 25.5 sen, up 96% from its closing of 13 sen on the previous Friday (Nov 6).

On Thursday, ATS closed at a four-year high of 27 sen, before it pared gains to close at 25.5 sen on Friday, for a market capitalisation of RM829.55 million. In a nutshell, some RM309 million has been added to the company’s market cap.

ATS consistently topped the list of active stocks on Bursa Malaysia everyday throughout the week.

According to Bloomberg data, there was a total of 10.85 billion shares that changed hands during the week, accounting for slightly over 16% of the local bourse’s total weekly volume of 67.64 billion shares. Such high trading volume is considerably rare on the local bourse over the past 10 years.

To put things in perspective, the number of ATS shares traded during the week was more than three times the company’s total outstanding shares of 3.25 billion.


The company had first caught the eye of investors after proposing the acquisition of industrial glove maker Pearl Glove (Malaysia) Sdn Bhd on June 10.

Although Pearl Glove is involved in the manufacturing of industrial gloves and not rubber gloves, the company’s share price was able to join the rally on rubber glove counters.

Two months after announcing the proposed Pearl Glove acquisition, ATS unveiled a separate glove venture in August.

Its wholly-owned subsidiary AT Glove Engineering Sdn Bhd (AGESB) had entered into a supply contract with Ripcol Engineering Sdn Bhd (RESB), which would see RESB act as AGESB’s contractor to design, fabricate, install, test and commission six rubber glove production lines.

Setting up the six lines would cost ATS some RM36.15 million. In total, AGESB would produce 928 million pieces of rubber gloves a year with the six lines — 103 million pieces from the single former dipping line and 825 million pieces from the double former dipping lines.

The fifth double dipping former line is expected to be installed and commissioned by April next year. The company released an update on the rubber glove venture in late October and it had given earnings guidance on the new venture, expecting the rubber glove business to contribute annual revenue of RM860 million, which is over 40 times the RM20 million achieved in its financial year ended March 31, 2020 (FY20).

The update and earnings guidance sparked frenzied buying interest in its shares.

Regarding the Pearl Glove acquisition, the deal fell through. On Wednesday (Nov 11), ATS said it had terminated the share sale agreement that was signed in June with vendors Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon.

ATS cited the “non-fulfilment of certain conditions” for the termination of the agreement but did not elaborate.

After the termination, ATS said it will be focusing on building up its own glove production capacity via the establishment of a new plant in Perak, which is currently under construction.

ATS has made known that it targets to install an annual production capacity of up to 2.6 billion pieces of medical-grade nitrile gloves by June 2021, based on the assumption that its production lines run 24 hours per day and 30 days per month.

It said the six lines would be installed in stages, with the single former dipping line to be commissioned by the end of this month. Nonetheless, ATS has not disclosed if it has already secured orders for its nitrile gloves.

To raise fresh funds, the company has placed out three tranches of shares. Some 200 million shares were priced at 7.16 sen per share on Sept 28, another 230 million shares at eight sen on Oct 6 and 249.97 million shares at 6.3 sen on Oct 16.

The company’s largest shareholder is Asiabio Capital Sdn Bhd, which owns a 12.96% stake, followed by Mak Siew Wei with a 10.72% equity stake.

Asiabio also holds shares in DGB Asia Bhd and Vsolar Group Bhd, with both seeing high trading volume of 769.18 million shares and 348 million shares this week too.

yes i already collect so much from 0.115 - 0.12. Now waiting for it to shoot up. They keep collecting silently since 0.11 until now.

lambat pulak next week. heheheh

next week we see how the performance of AT, MTRONIC & NEXGRAM.

heheh relax and enjoy the show.

Better than expected GDP. Huat arrr. Good job Malaysia.

Go to Telegram and search for Traders Corner Talk.

You watch the video in telegram. You will see all the big gun is there including KYY. All the best.

Request coming in ...in many direction since there is Asian summit and APEC summit. At need to find a way to increase production to supply beyond 2.6billion. Many country now preparing for winter. They case will shoot up and they need the supply now and very fast.

very good news. This company got govt contract and later will become rich company.

terbaikkkk

Tomorrow AT & Glove Related counter days + MTRONIC. :-)

nyam nyam nyam....hheh :-)

heheh :-). ini senyap2 naik woo. Let see tomorrow. heheh :-)

I dont understand why this victor Young talking about previous performance. People after this stock because what it can bring in the future next 2 quarter enough already to show what glove can do to this company. apa la. kelakar pun ada. Is he newbies ?

really cant wait for tomorrow. The day for GLOVE and all glove related counter. Good closing today AT.

selcon find a good time for announcement. But tomorrow investor also have to focus on AT and other glove related stock because tomorrow possible all shoot up.

huh kenyang dah at MTRONIC. Esok kita mari tengok sini yer. heheh.

heheh :-).

Relax la. Jatuh sikit nak kasih korang pelung beli. Nanti dah shoot bising pulak miss the boat. Kami biar jer AT ni jalan. Now kami lepak di MTRONIC. hhehehe.

kesian jugak aku tengok si faizal ni. huhuhu.

like i said yesterday. Hopefully they can break 30 cents today.

heheh new assets coming in...

ok dah bg soalan bocor. Now nak tidor. Nite all.

AT Systematization cancels RM22 mil acquisition of industrial glove maker

KUALA LUMPUR (Nov 11): AT Systematization Bhd, whose shares price surged 42.11% or eight sen to 27 sen today, said its RM22 million planned acquisition of industrial glove maker Pearl Glove Sdh Bhd has fallen through.

In a statement, it said it has terminated the share sale agreement it inked in June with the vendors Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon for the purchase, due to the non-fulfilment of certain conditions. However, it did not elaborate what these conditions were.

Following the purchase cancellation, AT Systematization said it will be focusing on building up its own glove production capacity via the establishment of a new plant in Perak.

"This focus is expected to enable its glove manufacturing plant to be established in a mere five months period, as compared to the average period of one-year which is typically required for a glove manufacturing facility to be completed and commissioned,” the firm's statement read.

"Despite the setback in relation to the proposed acquisition of Pearl Glove, the group said we remain committed to accelerate the completion of our glove manufacturing plant in Perak, through which we target to see the delivery of our first batch of nitrile gloves by the end of this year. This would enable revenue contribution from the new glove business in the current financial year of 2021 (FY21),” said AT Systematization's managing director Choong Lee Aun.

Choong said the firm's investment and growth strategy are supported by the continued strong demand for gloves, adding that the company has received "overwhelming response and enquiries for orders from foreign and local buyers, even before the start of production".

AT Systematization, which was the most actively-traded stock yesterday with 1.67 billion shares done, again topped the actives list today with a trading volume of 2.83 billion shares, which account for 27.77% of the total 10.19 billion shares traded on Bursa Malaysia for the day.

At 27 sen apiece, AT Systematization now has a market capitalisation of RM878.34 million.

https://www.theedgemarkets.com/article/systematization-cancels-rm22-mil-acquisition-industrial-glove-maker

Dont bocor info to much. heheh just watch the movie of AT tomorrow. :-)

smurfbee let them sell. This will give them a good lesson. They can buy back but that time price already shoot very high. I dont understand, this people just buy the stock for the sake of buying it ker?

It should be limit down today because all those operator and shark should know the news early. But the price did not go down. Meaning there is something other than that coming. In fact you can see a lot of buyer at 26.5 - 28 cents. Haaahah this the same technique they use before when the price around 17 - 18 cents. So with this you know la there is a potential of upside continue for this stock. All the best guy. Hope can break 30 cents tomorrow.

Huraiii very good decision by AT indeed. Huh Terbaik. Menuju bintang la ni.

ala ingat boleh pecah 30 cents today. Macam susah. But 25 cents pecah already. Very good.

:-)

heheh i told you guys already. heheheh. ini senyap2 naik woo.

Need to test 25 cents first and if that wall collapse tomorrow, we should be looking at 30 cents. All the best guys.

takpe ni senyap senyap naik. From 11 cents now 14 cents. hehehe.

la la la tomorrow TP 30 cents. relax and enjoy the show tomorrow.

than what are you doing here Gtrade. Why barking so much. If you see no value in it than what are you doing here. You doing charity ka ?

AT should go up la. Dont worry guys. the pull back just temporary. If manage to buy back good for you lor. The rest of us who already bought at very low can now just enjoy the moment and watch its go up.

Comparison
AT Systematization’s total issued shares is 3180 million shares X 19 sen = Rm 605 million market capitalization. It produces 2.6 billion gloves annually. Rm 605 divided by 2.6 billion = 23 sen per glove
Comfort Glove’s total issued shares is 583 million shares X Rm 4.22 = Rm 2.460 billion market capitalization. It produces 5.4 billion gloves annually. Rm 2.46 billion divided by 5.4 billion = 46 sen per glove.
Supermax’s total issued shares is 2.721 billion shares X Rm 8.90 = Rm 24.217 billion market capitalization. It produces 26.6 billion gloves annually. Rm 24.217 billion divided by 26.6 billion = 91 sen per glove.
More medical gloves are required when vaccine is approved by FDA. Medical staff have to wear gloves to inject vaccine as shown in photo below. The world is celebrating Pfizer’s overnight announcement of a viable Covid-19 vaccine.

Waaa 23 sen per glove.

this one ok punya. will shoot one. just park and relax. now watch closely MQTECH.

potential to gap up and limit up. they slowly collect.