of course la trap , but AT shareholders will tell you that they buy for long term, keep until become PN17 or until next global financial collapse or until 2030.
If All the 2.6 billion to be sold to Saudi government , maybe can reach la 20-30 sen, manyak syiok ooo , boleh jadi millionaire, buka account masyuk duit itu dalam AMM Bank lor...
AT should have glove income on coming QR . How much, that is the question . They already start production in December . Go read the last QR report review
++++++++++++++++++++++++++++++++
AT SYSTEMATIZATION BERHAD [Registration No. 200401006297 (644800-X)]
Explanatory Notes Pursuant to the Listing Requirements For 9 Months Ended 31 December 2020 P a g e | 20 B3) Prospects The Group expects the coming financial year to be challenging due to the weak sentiments and uncertainties arising from the COVID-19 pandemic. The Group remains focus on its core business in fabrication of industrial & engineering parts as well as sheet metal & automation business and has been exploring new sources of revenue and opportunities. On 15 September 2020, the Group obtained approval from its shareholders to diversify the existing business to include the glove business. On the final week of December 2020, the Group has commenced production of gloves at its manufacturing plant located in Chemor, Ipoh. As of the date of this interim financial report, 3 glove-dipping lines have commenced production. The Group target to install and commission new glove-dipping line at a rate of 2 new glove-dipping per month subsequently. The Group has also obtained CE Marking Certification (typically recognised in the European region) for the export of its medical examination gloves. While pending compliance with the regulatory requirements for full certification of Food and Drug Administration of the United States (“FDA”), the Group received the establishment registration with FDA which allow the Group to export its medical gloves to the United States. The Group expects strong demand for its gloves from both local and overseas markets. The Group has partners with few parties, including LKL International Bhd, K-Star Sports Ltd. and Kenteam Sdn. Bhd. to market, sell and distribute gloves produced by the Group. These strategic partnerships are timely and will bolster the Group’s pursuit to become a leading glove player, given the experience in distribution and good client base of these strategic partners. The Group’s venture into the glove business is expected to allow the Group to capitalise on a booming segment with favorable long-term prospects and is expected contribute to the future earnings of the Group as well as improve the Group’s financial performance in the coming years.
Now only 4 lines are running. 2 lines expected to be completed before end of this month. 7 more lines to go. I dont expect it to be ready by June. AT team are behind schedule it seems.
they are on schedule for the installation of additional double dip lines on paper in June 2021, actual who knows? Even positive speculation also cannot bring up the shares, because, the shares too dilute with PP & ESOS, right issues previously . They need to go for shares consolidation once the plant production goes full swing.
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Posted by DreamHunter > 2021-05-07 05:03 | Report Abuse
yah loh