ERDASAN GROUP BERHAD

KLSE (MYR): ERDASAN (0072)

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Last Price

0.15

Today's Change

-0.005 (3.23%)

Day's Change

0.145 - 0.155

Trading Volume

2,155,600


32 people like this.

47,886 comment(s). Last comment by JJPTR 1 month ago

AThope

97 posts

Posted by AThope > 2021-07-03 18:48 | Report Abuse

What can we do...

Posted by Jackpot888 > 2021-07-03 23:05 | Report Abuse

I did a quick fact check on gloves. With 8.1mil revenue over 880mil gloves capacity..ASP per k estimated 36. And vs profit, margin is 18%

Posted by Jackpot888 > 2021-07-03 23:07 | Report Abuse

So the gloves COS is 29.. which is quite not competitive.. if ASP continue erode in 2023

JK22

1,789 posts

Posted by JK22 > 2021-07-04 00:47 | Report Abuse

No one care about the story . Old story. Keep it .

BILLC

2,045 posts

Posted by BILLC > 2021-07-04 02:18 |

Post removed.Why?

strattegist

23,459 posts

Posted by strattegist > 2021-07-04 15:35 |

Post removed.Why?

Posted by Anti_StockFraud > 2021-07-04 16:18 | Report Abuse

12 line by june? We waited almost 8 month only 6 finished and price drop almost 150%

Posted by Anti_StockFraud > 2021-07-04 16:19 | Report Abuse

Are fckin retarded or sometin?

awesome20

1,198 posts

Posted by awesome20 > 2021-07-04 17:17 | Report Abuse

wait 8month already? why not patient abit till 12month..we collect this at cheapest now

Posted by AT50Kshareholder > 2021-07-04 18:38 | Report Abuse

sadly for us who invested earlier missed. We are stuck.

AThope

97 posts

Posted by AThope > 2021-07-05 01:14 | Report Abuse

Sigh

AThope

97 posts

Posted by AThope > 2021-07-05 01:14 | Report Abuse

Tomorrow how

Posted by Jackpot888 > 2021-07-05 08:10 | Report Abuse

as stated in the qtr report.. now glove capacity is 0.88bil.. expected by Oct hit 1.5bil

Fintec

328 posts

Posted by Fintec > 2021-07-05 08:43 | Report Abuse

AT SYSTEMATIZATION BERHAD
[Registration No. 200401006297 (644800-X)]
Explanatory Notes Pursuant to the Listing Requirements
For 12 Months Ended 31 March 2021
P a g e | 21
B3) Prospects (Cont’d)
Glove business
The Group has completed the commissioning of 3 production lines in Chemor Plant
during the financial year end 31 March 2021. Since then, the Group has further
completed additional 3 production lines and is now running 6 glove dipping lines with
an annual capacity of 0.88 billion pieces of gloves. The Group is currently building 4
production lines concurrently and scheduled for completion progressively between now
and end of September/October 2021. Barring any unforeseen circumstances, upon
completion of these additional 4 production lines, the Group will have a total 10
production lines with an annual capacity of 1.5 billion pieces of medical gloves.
Production and sales quantity is expected to rise with additional production lines
completed progressively. Thus far, the Group has obtained the following certifications,
licenses and qualifications: -
• CE Marking Certification - typically recognised in the European region for the
export of its medical examination gloves.
• Establishment Registration with Food and Drug Administration of the United
States (“FDA”), which allow the Group to export its medical gloves to the United
States.
• EN374 test standard: Protective gloves against chemicals and micro-organisms.
• Medical Device Authority license which allows the Group to manufacture,
distribute and sell our gloves locally.
• ISO9001 & ISO13485 certifications.
The Group is in the midst of applying 510(K) approval from FDA and target to obtain it
by 2021. Capitalising the above certifications and qualifications, the Group expects
strong demand for its gloves. The prospects remain generally good and the Group
shall continue to work with strategic partners to lock in commitments for the purchase
of gloves.
The Group has also completed acquiring a piece of industrial land measuring 72,770
square meters located in Kamunting, Perak on 26 March 2021. Depending on the
availability of funds from time to time, the Group intends to install up to 50 production
lines in Kamunting.
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.

sonickid

514 posts

Posted by sonickid > 2021-07-05 09:18 | Report Abuse

Oh no! TanSri is promoting again. Dump truck coming

strattegist

23,459 posts

Posted by strattegist > 2021-07-05 09:35 |

Post removed.Why?

fazil

371 posts

Posted by fazil > 2021-07-05 10:00 | Report Abuse

all the permit & licenses still under waiting for approval for FDA. EU have not granted any export permit yet?????right???
AT shares still at fish bottom, Fundamental & technical still bearish, operators/jerung have no interest to buy this shares. AT shares badly diluted with ESOS & PP & plus very low volume in trade less 8-10 million shares tradered daily. We have to wait 3 more quarters to see or 2 years before we can see positive gains on profit after tax. That's the facts !!!

MakWei

3 posts

Posted by MakWei > 2021-07-05 10:28 | Report Abuse

Yes...Tan Sri Eyes Cold Lim Kong.you are right. i am going to bring all of you fly to heaven..follow my step please..follow my facebook MakWei...follow what i did to society...I am big charity man...i will fly all of you

MakWei

3 posts

Posted by MakWei > 2021-07-05 10:29 | Report Abuse

tansri777 is eyes cold lim kong..i am your boss..call me Boss Mak Wei...my good employee

strattegist

23,459 posts

Posted by strattegist > 2021-07-05 11:12 |

Post removed.Why?

ctooi51

391 posts

Posted by ctooi51 > 2021-07-05 11:38 | Report Abuse

These people are not doing business but know only how to con.. Those already trapped stay trapped those not in better avoid conman Co. They only manipulate shares to enrich themselves..

sonickid

514 posts

Posted by sonickid > 2021-07-05 11:53 | Report Abuse

Share consolidate?

Apink96

21 posts

Posted by Apink96 > 2021-07-05 12:00 | Report Abuse

big news???serious????

VGbibi

157 posts

Posted by VGbibi > 2021-07-05 12:14 | Report Abuse

0.055 where are you... Where are you. I miss you... Jijijiji

Posted by WaterBlower > 2021-07-05 15:57 | Report Abuse

Hope God can push AT to 70 cents let me earn many many times....I need money seriously
Mr.Mak, If you see my message please do some charity push up to 70 cents for me. God will bless you

fazil

371 posts

Posted by fazil > 2021-07-05 17:17 | Report Abuse

Like many months before ,another day wasted no price action in this counter, volume damn low 10 to 13 million for 4.2 biliion issued shares - as usual ranging between 7 to 8 sen before the quarter results. But it shows also , someone is buying & selling slow slow, under the radar..
Don't get trap in this counter, even you buy at 5 cents , it will range between 5 to 6 sen next 6 or 7 months..before inch up to another 0.01sen, either it goes down or up 1/2 sen or 1 sen..untill maybe MCO5.0 hahahaha

seng90

161 posts

Posted by seng90 > 2021-07-05 18:03 | Report Abuse

Mak esos coming~!!!!! beware beware

8888_

2,923 posts

Posted by 8888_ > 2021-07-05 18:21 | Report Abuse

Why Mak own 164 million AT not only 35 million?

strattegist

23,459 posts

Posted by strattegist > 2021-07-05 19:06 |

Post removed.Why?

Valgrovest

1,237 posts

Posted by Valgrovest > 2021-07-05 19:53 | Report Abuse

Share price holding steady despite negative market sentiment. Believe it should go uptrend when market sentiment turns positive.

Posted by whistlebower99 > 2021-07-05 20:42 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-05 20:45 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-05 21:14 |

Post removed.Why?

AThope

97 posts

Posted by AThope > 2021-07-06 02:49 | Report Abuse

My dream for AT is able to sell by this year

VGbibi

157 posts

Posted by VGbibi > 2021-07-06 08:54 | Report Abuse

AT hope you could sell it anytime... My dream for AT is able to hit 0.055 soon

Apple888

730 posts

Posted by Apple888 > 2021-07-06 09:32 | Report Abuse

All bursa comp director esos earnmoney.. Como making loss also doesnt matter

strattegist

23,459 posts

Posted by strattegist > 2021-07-06 09:52 |

Post removed.Why?

Posted by WaterBlower > 2021-07-06 09:59 | Report Abuse

AThope if they didn't push up by this year end. I suggest you sell off and use the sell off remaining balance to hire few killers. Objective to hunt MSW down....the one who lead you and many many investors to misery. Chop him into pieces

ocs5858

305 posts

Posted by ocs5858 > 2021-07-06 14:02 | Report Abuse

Joke forum ,hahaha

seng90

161 posts

Posted by seng90 > 2021-07-06 15:33 | Report Abuse

Run Run.beware

fazil

371 posts

Posted by fazil > 2021-07-06 17:17 | Report Abuse

Mak siew wei typical own AT with largest invidual % shares he hold, he will be there untill go bust.

fazil

371 posts

Posted by fazil > 2021-07-06 17:18 | Report Abuse

side income sellling and buyibg AT shares at 7 and 8 sen..

strattegist

23,459 posts

Posted by strattegist > 2021-07-06 18:59 |

Post removed.Why?

mrupai

221 posts

Posted by mrupai > 2021-07-07 03:27 | Report Abuse

383,645,666 new share issue to himself? just like knm

sonickid

514 posts

Posted by sonickid > 2021-07-07 09:52 | Report Abuse

How to sell PP and ESOS to fish if don't talk build production line? Glove revenue 8Mil but profit 300k in Q1 when ASP peak. Something not right la.

strattegist

23,459 posts

Posted by strattegist > 2021-07-07 11:05 |

Post removed.Why?

Reap88

681 posts

Posted by Reap88 > 2021-07-07 11:27 | Report Abuse

AEM I'd going for RI. This means probably AT will subscribe for the RI. With the acquisition of Asdion & AEM RI, AT will be hard pressed for funds to achieve its plans to build the glove plant in Taiping unless of course even more PP & ESOS Sure eventually must have share consolidation

seng90

161 posts

Posted by seng90 > 2021-07-07 11:35 | Report Abuse

or......not materialized

Reap88

681 posts

Posted by Reap88 > 2021-07-07 11:41 | Report Abuse

You are absolutely right seng90. Glove plans may not materialise given current weakness seen in Malaysian established glove players. If this is so money spent to acquire the land in Taiping will be burned

8888_

2,923 posts

Posted by 8888_ > 2021-07-07 11:41 | Report Abuse

After run why still have? Not conman?

Posted by seng90 > Jul 7, 2021 11:35 AM | Report Abuse
or......not materialized

Posted by seng90 > Jul 6, 2021 3:33 PM | Report Abuse
Run Run.beware

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