ATA IMS to see steady order flows on back of strong demand KUALA LUMPUR (Oct 29): ATA IMS Bhd’s order flows are expected to be steady on the back of strong demand for its key customer’s products, particularly from the Asian markets, CGS-CIMB Equities Research said today. The electronic manufacturing services provider yesterday reported its highest-ever quarterly profit and revenue — at RM52.29 million and RM1.34 billion, respectively — for its second quarter (2Q) ended Sept 30, 2020. “While we expect revenue and net profit to normalise in the third and fourth quarters of its 2021 financial year after the seasonally stronger second quarter, we believe order flows will remain steady on the back of strong demand for its key customer’s products, particularly from the Asian markets,” it said The research house also expected order flows from ATA’s new customers to ramp up over 2Q of this financial year as well as the 2022 financial year, leading to better utilisation rates at its production lines. “We gather that ATA's near-term (three-month) order flows remain intact, while its medium-to-longer-term order flows remain uncertain due to potential subsequent waves of the Covid-19 outbreak,” it said. Hence, CGS-CIMB has raised its earnings per share forecast for ATA for financial years 2021 to 2023 by 4.2-8.4% to factor in better order flows and economies of scale. It also kept its “add” call, with a higher target price of RM2.43 as the research house remained positive on ATA’s order outlook.
closing price 2.46 I wish to cut my gugu bird also cannot la....Push it to 2.50 la.
Shame on you guys....
tml drop further to 2.35 then 2.20. No justifiable reason to shoot up.
VS yes la, VS financial result going to announced next Monday is super fantastic. Ata Ims profit merely from foreign exchange gain. Somomore USD rate drop so much. Next QR Ata result sure koyak.
My gugu bird right here waiting.
Those who chased high today I feel so sorry for your hard earned money. Buy VS ma. Why buy Ata?
ATA IMS Bhd, Duopharma Biotech Bhd, Heineken Malaysia Bhd, KLCCP Stapled, MR D.I.Y., Unisem (M) Bhd, UWC Bhd, and YTL Power International Bhd have been added to the FTSE Bursa Malaysia Mid 70 Index.
the main customer’s order forecast still remains strong and our new customers’ projects will commence during the year, as such the Group's current year prospects remains positive.
my kuku right here waiting. so boring....haiz...Those who chased high I feel so sorry to you guys....next time be smart ok....dun cry father cry mother ya...listen to me wont go wrong see you guys at 2.20
next target price RM2.08. lembik punya counter. who buy who die....
Who bought at 2.30 and above? shame on you.Technical chart also dunno how to read.hahaha....
serve you right. a lot of ppl lose money in this counter lor. sell now la, if not tml and next week lose until no underwear....hahahaha....this couner memang tak boleh la.....
Those who listen to Harry Teo alr took profit and go. only sohai still keeping the shares...
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....
alfred
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Posted by alfred > 2020-11-29 01:48 | Report Abuse
ATA IMS to see steady order flows on back of strong demand
KUALA LUMPUR (Oct 29): ATA IMS Bhd’s order flows are expected to be steady on the back of strong demand for its key customer’s products, particularly from the Asian markets, CGS-CIMB Equities Research said today.
The electronic manufacturing services provider yesterday reported its highest-ever quarterly profit and revenue — at RM52.29 million and RM1.34 billion, respectively — for its second quarter (2Q) ended Sept 30, 2020.
“While we expect revenue and net profit to normalise in the third and fourth quarters of its 2021 financial year after the seasonally stronger second quarter, we believe order flows will remain steady on the back of strong demand for its key customer’s products, particularly from the Asian markets,” it said
The research house also expected order flows from ATA’s new customers to ramp up over 2Q of this financial year as well as the 2022 financial year, leading to better utilisation rates at its production lines.
“We gather that ATA's near-term (three-month) order flows remain intact, while its medium-to-longer-term order flows remain uncertain due to potential subsequent waves of the Covid-19 outbreak,” it said.
Hence, CGS-CIMB has raised its earnings per share forecast for ATA for financial years 2021 to 2023 by 4.2-8.4% to factor in better order flows and economies of scale.
It also kept its “add” call, with a higher target price of RM2.43 as the research house remained positive on ATA’s order outlook.