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.
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 !!!
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
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..
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
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
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
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
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
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....
AThope
97 posts
Posted by AThope > 2021-07-03 18:48 | Report Abuse
What can we do...