UOB cuts China growth forecast, warns of further downward revision if Wuhan outbreak 'lasts longer than expected
“With businesses operating below capacity and more quarantines reported, China’s manufacturing PMI could potentially drop towards 48.0 in February, which would be the lowest since the Global Financial Crisis, when the reading fell to as low as 38.8 in November 2008,” UOB said.
UOB cuts China growth forecast, warns of further downward revision if Wuhan outbreak 'lasts longer than expected
“With businesses operating below capacity and more quarantines reported, China’s manufacturing PMI could potentially drop towards 48.0 in February, which would be the lowest since the Global Financial Crisis, when the reading fell to as low as 38.8 in November 2008,” UOB said.
see whose name inside notion top 30 shareholders 21 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD 3,000,000 0.893 PLEDGED SECURITIES ACCOUNT FOR FONG SILING (CEB)
pangolin, No online registration is required if you are the shareholder; unless, your attendance is through proxy under another person's account. Registration on the day of AGM is to record your attendance.
IF NOTION RETOOL THE AFFECTED CNC MACHINE FOR HDD , DOES THAT MEAN THE FALL OF AUTOMOTIVE SEGMENT OF THE BUSINESS HAS BEEN PERMANENT IMPACTED ?
FOR HDD BUSINESS WORLD WIDE DEMAND HAS FALLEN, WHY DO U WANT TO PUT MORE MACHINE & RESOURCES ON THIS FALLING HDD MARKET SHARE LEH ?
Posted by 888next > Feb 6, 2020 8:32 AM | Report Abuse
Good morning. Thought I share on the Corona Virus effect on manufacturing:
1. About 15% of our auto braking plungers are sent to China while the rest goes mainly Europe, Brazil, Mexico and USA. So with the health situation in China, we suspect some delays in shipment in the coming months til the situation recovers.
2. We will retool the affected automotive CNC machines for HDD compo FORnent manufacture.
Very efficient management to retool the machine for HDD product while temporarily drop in demand. When the auto demand coming back the machine can set back to auto mode or even buy new machines. No problem at all.
Notion really back from recovery ... after horrible fire and terrible wrong decision on forex back to 3 year back ago ... hope tat notion will learn for history
On 16th January there was the BI announcement with attachment circular. Please read section 4.4
The Proposed BI is expected to be completed by 2nd Quarter 2020 ( April to June).
The process involves a DDWG (DD working group) comprising lawyer, IB, company sec and company reps to go through the particulars of company. Submission of application to Bursa is soon. The planned EGM is on same day as AGM on 17 March 2020.
Early April we expect completion of BI.
We are running a PLC not a kopitiam so its takes effort and time.
Thank you 888next for the valuable info and input here. Also, hope that those who simply asking question about bonus issue can understand the whole process and be patient for it.. Cheers!
Capacity triple with orders from new customers and continue support from existing customers, year 2020-2021 is great year for Notion.
Our suppliers saw many orders and almost 210-250% increase. Must be good business.
Bonus issue is good when share price reach new high..
Posted by 888next > Feb 12, 2020 1:39 PM | Report Abuse On 16th January there was the BI announcement with attachment circular. Please read section 4.4
Tomorrow will be another run for the price... All other share markets are running hot upward now... This inclule: US MARKETS EUROPEAN MARKETS ALMOST ALL ASIAN MARKETS Buy now for tomorrow run up to RM1.38....
At closing, huge number of buyers. UWC after bonus, price up. So Notion with prominent Dyson buyer plus Electronic Brake System and other orders, should be good to buy. Revenue for this year expected to be above 300 million and also receive fire compensation. Bonus coming soon.
China’s National Health Commission reported 2,015 new cases of coronavirus and 97 deaths across the mainland on Wednesday, marking the lowest number of new cases in one day since late January, according to Reuters.
BEAR MARKET WILL CALM AND INVESTOR WILL FOCUS ON EARNING AND IGNORE SUPER COUNTER LIKE NOTION
This year, we have moved away from being a pure machinist to now include fabrication works as part of our core business. Procurement of a high profile European customer in the Electronic Manufacturing Services should auger well for us in the coming years as we expect this segment to grow significantly.
The Automotive segment is expected to grow following the addition of three new multinational customers in 2019. We are however not positive about the HDD segment which will remain stagnant and the Camera segment is anticipated to continue its downward trend.
To cater for the increased demand for our products we budgeted a capital expenditure of RM25 million and barring unforeseen circumstances, the management targets to achieve a revenue of RM320 million for the financial year ending 30 September 2020.
Revenue RM320 million, EMS and Automtive with good margin. 2020 will shine
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....
Jengacam2
523 posts
Posted by Jengacam2 > 2020-01-31 11:29 | Report Abuse
Monday will feel disaster after china open market. Sure will down another 10%