At EGM yesterday, Denko received 100% shareholder support for purchase of IMS. The stage is set for Denko to rise to be amongst the giants in the Malaysian Plastic Industry
Be careful, result already reflected in the share price in advance and big shark waiting to unload. You can annualize its EPS and try to compare the PE among its peers, this stock is not cheap at current price.
Fire incident reported at ATA IMS Bhd’s Johor factory Gigi Chua / theedgemarkets.com
February 11, 2019 10:37 am +08
-A+A KUALA LUMPUR (Feb 11): A fire had occurred at one of ATA IMS Bhd’s rented factories in Taman Gembira, Tampoi, Johor Bahru last Friday (Feb 8).
In a filing with Bursa Malaysia today, the group said the fire at the premise, occupied by ATA Industrial (M) Sdn Bhd, had been brought under control by the the Fire and Rescue Department.
“The fire affected only a small part of a storage room in the secondary process area. The cause of the fire is still under investigation by the Fire and Rescue Department. ATA IMS shall restore back the operations at the affected area as soon as possible.
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A police report has been filed. ATA IMS and adjusters are currently assessing the value of the damages sustained by the fire. All assets and inventory are adequately insured,” the group said.
The group also said it does not anticipate any major impact to its operations as the fire only happened in one small section of the factory and it has similar secondary processes in other operating factories.
“An additional announcement will be made once the exact value of the actual losses has been determined,” it added.
More than 65% shares owned by company directors...no dividend no bonus issue based on past record...Minority shareholders no power...Management sometimes have to take care of minority interest also...hehe
I see! Directors r selfish! Didn't they mentioned 35% of their profits to b declared for dividend coming quarter? Its that d reason ATAIMS not much transaction?
>Chua Joe Beng I see! Directors r selfish! Didn't they mentioned 35% of their profits to b declared for dividend coming quarter? Its that d reason ATAIMS not much transaction?
Is just management physiology thinking is at different level...got good and bad...they feel reward shareholder through increase of share price is good...if minority shareholders feel this way of reward not match their expected return you can just sell it and switch to other counter...since director hold so much of shares >65%,better go for privatization...
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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....
Nizam Kksb
133 posts
Posted by Nizam Kksb > 2018-01-18 15:38 | Report Abuse
venfx you still holding this stock