Hallelujah ! So this AT is not a conman company after all??? Means shareholders can hope to recover the value of their investment in the near future?? But you are joking right??
We have to be patient and see the development of AT. If the coming quarter report show us something about the glove business, then it should be no harm to trust the company. If they eventually complete 13 lines, it should be profitable to trust the company.
I posted this article to share my point of view with all fundamental and long term investor. I noticed the intrinsic value of this company and hope to discuss with other long term fundamental investor. Please give me constructive and useful feedbacks on my perspective and calculation based on the article. Thank you.
Citadel9999, talk talk about knowledge got use, talk talk about nonsense no use.
Putting up creative report thie company magement staff are inefficient n hopeless even with glove manufacturing activity included I am not surprised they report a loss for the coming quarter
Con stock related to Fintec!!! The public investors already know the Fintec and its related companies in Bursa; so not so easily con by them again !!! Mak and his gang can go and fly kite !!!
The fact that they raised money through issuing shares as well as esos(diluting shareholder ownership), high start up cost (hard to achieve good return on the first year), increasing competition, lack of channel to distribute their glove will ultimately affect their profitability and capacity utilisation (cant expect them to sell all they produce right?.
What is the time line for these target 1st price & 2nd target price ? 1 years or more? it's take 8 months to fall from 29.5sen in 16 November 2020 to 7 sen in June 16 2021, so need to wait almost a year to reach 2nd target?!
no one talk about glove anymore..please move on to recovery sector..glove story is sooo yesterday..all those TP is useless & glove production line addition is pointless as we've seen in on many glove stocks..when nation is at full recovery, no one will look at glove stocks like how they look at it last year
If AT management is sincere n honest, they should act like mahsing. Make the proper announcement in the media including dates lines are running , certifications applied n other necessary info. So far nothing , it does seem strange???
Currently fundermentals alone is unable to move up the shares price . The more you calculated the company financial aspects in the long term will subsequently tend u2 to buy more and more to avrg down.
What about if things never worked the way out despite with sounds financials backup . Ur entire resources will stuck up and Thurs will disappointed u being too realistic to believe the stock markets is not just own up to fundermentals alone ?
[MUST READ] Important message for all investors who are planning to invest in AT or existing AT shareholders ------------------------------------------------------------------ I noticed many account in i3Investor here saying AT as a "fraud company", "using fake news to trap investors in high price", "not producing any glove at all", and so on. Some of them even insulted AT company director.
I started to worry about the decision I had made recently to invest in this company, then I quickly search on Google about those negative statements shared on i3Investor. After searching on the internet, I found out there are NO such negative news reported by official media. But I noticed there are some people created unofficial websites to spread such negative statement.
This made me felt curious: who would do this kind of thing? Why are they trying to spread fake negative news about a company and have time to keep posting on the internet almost every day?
Let us think about it together: 1. If you are holding a company's shares, would you spread fake negative news about the company to others? No, because it will affect the price to drop. So we know those people are not AT shareholders.
2. If you are not a company shareholder and you are not interested to the company, would you keep paying attention to the company and spread fake news about it? No, because you won't spend time on things you are not interested, unless somebody pay you for doing it. So maybe those people were paid by AT's competitor company.
3. If you have already sold AT's shares before, would you spread fake negative news about the company to others? Yes, so that the share price will fall and you can buy back at a lower price. So those people are hoping the fake news could make the share price drop and they can buy back at a lower price.
4. If you are planning to buy AT's share and this is your first time, would you spread fake negative news about the company to others? Maybe yes, because you are hoping the fake news could make the share price drop and you can buy at a lower price.
In conclusion, those who keep spreading fake negative news about AT are planning to make the share price drop so that they can collect AT shares at a lower price. Second, maybe AT's competitors in the market paid them to do it.
buyWarrant_eatBuffet A good write up. But what is the time line? 1 yr to reach 0.134? Then ?? to reach 0.28?? And ??? time to build another 48 lines? 2-3 years? When will TP -> 0.8 be reached? Another 2 years??? And, doubt on the mgmt's silence on their progress s.a make the proper announcement in the media including dates where lines are running , certifications applied n other necessary info.as lawpct28 had said above???
AHAHAH OP I don't know what you're smoking, but I want it too. You're Stockiss in disguise, aren't you? Just admit it. Your ATIAN group members have already seen through your lies
It's quite obvious AT's a scam la. You see the boss, when their glove factory under construction they made so much hoo haa on social media about it, even invited stock gurus to come visit. Then they made a big show opening ceremony, even had lion dance and invited some menteri to attend, wah so terrer
But after that? Radio silence. the boss kan love to show off, why aren't they showing off their factory in production? show off the tons of gloves they've made and ready to ship out? even inix is doing that to show they really had a production running.
just look at AT's facebook page, absolutely no update after the GRAND opening ceremony on feb.
all of you just cut loss la, take it as paying tuition fee and never buy this sort of conman counter anymore
Hi King36, the target RM0.134 will reach when they completed 13 lines (expect in October 2021). Target RM0.28 will reach when glove sector recovers to normal level (expect in 6 months). All of us know that glove sector is undergoing downtrend currently, but stock will not undergo downtrend forever, it will recover to a normal level when it reaches a downtrend limit and meet a strong support. A specific time on when the glove sector will recover cannot be guaranteed, we have to observe the technical chart for this, some day it will change it's direction. The Delta Covid-19 Variant is what the global need to take precaution.
From this news we can see they already running 2 lines on February 23, 2021, line 3,4,5,6 will be completed in April, 2021. Yes, many people are right, they should make official announcement about the update of following lines, but unfortunately they do not announce. But, I believe no public listed company dare to cheat the public because it would harm their reputation so badly and hard to survive in the future without the trust from public. That is why I believe AT will keep their promises to complete 61 glove dipping lines since they already told so many official media and let so many people know about their plan, if they failed to do it, they will lose trust from so many people.
We can also see "AT has now obtained the CE Marking Certification (allowing gloves to be export to the European region). While AT is the process of applying full certification from the US Food and Drug Administration (FDA), AT has obtained permanent registration with the FDA which allows gloves to be export to USA during this pandemic. Other certifications that are currently in progress of obtaining includes the ISO 13485 and Medical Device Authority (MDA) certification." from the news above about their certification.
This is the announcement made on February 5, 2021.
The time to reach final target price RM0.80, we have to wait until the opening of second factory + completion of 13 lines in first factory + recovery of glove trend, so I would say December, 2022 is the earliest time.
Becareful guys,rather buy a stable stock,with value inside,this one could be put out by somebody in the fintec group,they need a story to make big momey from you all,just like jjtpr
Posted by buyWarrant_eatBuffet > Jun 19, 2021 2:34 PM | Report Abuse
Hi King36, the target RM0.134 will reach when they completed 13 lines (expect in October 2021). Target RM0.28 will reach when glove sector recovers to normal level (expect in 6 months). All of us know that glove sector is undergoing downtrend currently, but stock will not undergo downtrend forever, it will recover ......
TQVM for your reply. I will keep the dates and will check accordingly as we sail to end of 2022.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LimitUp
435 posts
Posted by LimitUp > 2021-06-17 21:17 | Report Abuse
Hallelujah ! So this AT is not a conman company after all??? Means shareholders can hope to recover the value of their investment in the near future?? But you are joking right??