Above all, the MY govt and MMA should set the record straight with this silly Andy Hall person, doing non-solicited private investigation with little to no proof. If his claim was so right, tell all and name all.. In ATA's case, he may had just bite more than he could chew..and is now looking at the risk of over 1000 workers local and foreign loosing jobs. So he is putting blame on Dyson and demand them to own up. Why didnt he mention this in this report and back paddle now? Perhaps we all should report him to US CBP for illicot report and ask thst he be investigated so to give him a taste of his own medicine. Bummer!!
so many people cannot sleep over this weekend..so do i. Dow Future lost 800 points now, the whole Asia and Europe are red. No one can spare now. Bursa may drop further. Whoever holding ATMIMS, so long not margin and can hold longer, just hold to average down.
You won't be surprise at anytime Dyson will apologise for the misleading information given by ILO and have again continuing the same contract with Ataims, then what will happen to the share prices if you have bought it 50 sens, you will say, thanks God blessing you bought the Ataims shares at very low price like 0.22 or less..
At this moment, Ataims already engaged a reputable independent law firm to audit the Dyson report and soon will release good news to Ataims supporters, just be patient, buy low and lower prices and later sell high and higher prices, it is merry Christmas and happy new year 2022 for all Ataims supporters, some may buy expensive and some lucky ones will buy cheap from 10 sens to 52 sens..
Dyson is not smart enough....... never learn from industry history.... end of the day Dyson is the loser. Dyson is a high end home appliances brand...there are many more comparable home appliance manufacturers in the world... when you stop your supplies from your OEM, the OEM is forced to look for new partners, these new partners would most likely Dyson's lower end peers.... your are actually transferring your technology to the new partners thru ATA, which mostly are your lower end peers.... if the new partners are smart enough, they will further improve on your technology and overtake you from behind one day...you gave them the opportunities !!!
No worries ATA, Option 1. Say ta ta to Dyson, divorce Dyson and look for a new partners. Dyson has no control over you after the divorce....... .
Option 2. Hold Dyson by the balls, Stop work today, stop supplying to Dyson, say that you are cleaning up the 'force labor', no labor to work.... though the contract says it ends June 2022. if you want your supplies, pay double the price, because you need to hire non 'cheap force labor' I am sure the clause 'cheap force labor' is not in the contract, you are now terminated because of 'cheap force labor'.... stop work by tonight ! and tell Dyson of the impending short supplies !
The Chinese saying "one clap two disperse" "You celebrate on the First Day of the month, I celebrate on the 15th of the month". Both are auspicious days !!!
i will see you next year or two with double or triple of today's price !.... i dont know what price is the lowest, but not far from today's 52 sen !.... (I never hold any ATAIMS shares today, i will at the right timing)
Ataims have the experts and good management team to take the company to present international business entity, so just don't give up easily due to some unwanted misleading report from ILO office, this country is ruled by Malaysian people not any foreigners, we Malaysians are one country and one people..
After I eyed Denko @ 10c in 2009 but failed to commit, I have avoided it, especially when it became a start performer after 2017. A lot of buy high, sell higher & trend-following ppl have been hurt, including EPF, KWSP, Fidelity, GE Life etc. They can afford to stomach losses because IT'S NOT THEIR MONEY...but can ordinary investors?
Malaysia Minister of Human Resource will initial investigation into ataims forced labour allegations by Dyson for it to terminate the contract, cos more than 1000 locals might lose their jobs after June 2022 and also why ILO is closely watching Malaysia as we the government to look after the welfare of foreigners working in Malaysia..
Whether it is now 0.52 or drop later to 0.10, it is a value buy as Ataims is a international reputable EMS company, the future prospects is intact and excellent, hopefully everyone will be rewarded for holding the shares whatever the prices..
Remember 3 years ago when Dyson pulled out orders from VS ? VS price dropped badly to 0.60 from RM1.80 (or above RM2.00), while Dyson accounted for their turnover of about 25%. Those orders pulled out from Dyson was given to ATA. At that time, VS was so hardworking in sending his teams to US and Europe to look for new customers to replace the loss of Dyson and at the same time to fill up its additional capacity for its new factories (which was built for Dyson for expanding orders few years ago). At that time, Dyson just pulled out orders only, without terminating VS, and still give some little orders to VS to build and maintain their partnership relationship. Most investors loss moneys if they cut their loss at that time.
Now ATA with Dyson relationship were TERMINATED and its turnover for Dyson accounted for 80%. The drop from 1.20 to 0.52 or worse ? (the dropped from 2.50 to 1.20 was so called due to low utilisation of man power and yet shortage of man power with 60% utilisation and first time made loss in QR reporting).
Is ATA as capable as VS to look for new customers while VS international marketing team was already there at all times? Or ATA is so comfortable with Dyson expanding orders without considering the significant risk of Single Customers base of 80% and therefore the international marketing team was not ready for sudden big gap to fill in terms of capacity within 6 months ??
When you have so much orders receiving from Dyson, and the capacity with labour shortage issues are headaches to Management, you think they concern much of their international marketing team efficiency to get new customers ?
Dyson demand in all sorts to ensure best highest quality of their products are daily fire fighting issues to ATA. The sudden termination without much preparation and warning is definately a killing to them.
God blessed our Government could help to resolve the forced labour issues between Dyson and ATA, and giving adequate times for ATA to realise its Single Customer base risk to secure new customers within shortest period of times.
A customer like Dyson, it needs at least 6 months to develop to go into mass production. Its not as simple as get customers and go into production the following month.
Dyson terminates ATA is critical to themselves too and they will force VS and SKP to expand their production capacity within the next 6 months to fill up its transfer of orders. To Dyson, its low season for 2022 first and second quarters and they will pump up ATA to produce more for them for storage.
VS and SKP are definately benefited from such Dyson actions. But will they subject to Forced Labour issues ?? You know I know, Malaysia cultures are different from Ang Mo, how to use Ang Mo standard to judge here ? See Top Glove and Supermax ways of handling Forced Labour Issues, and what they provided to their foreign labours now, then you know how high is their labour cost now.
Malaysia Government is too slow to act for we Malaysian companies.
Top Glove and Supermax, America and UK only ban the import of goods, but no loss of jobs from its employees but Ataims lose the contract means more than 1000 people will be lay off in 6 months time..
SCK82 I make a brave move hentam buy at 0.82 1,000,000. Rm 820 K. Using margin. If it continue drop, mean the rest of my life, I need to work with BANK, to pay interest, If It rebound, mean another big steps to my early retirement. 一将功成万骨枯
FYI, ATA has more than 8,000 employees and more than 50% are foreign workers. The layoff exercise will be a mass one. Fortunately they still have cash of RM330 million for them to last for some times to cut cost and at the same times to look for new customers, to fill the big capacity of loss of Dyson.
They will find those at lower end and lower profit margin to keep the overheads running. Never expect good QR results for at least 2022 and 2023.
Analyse how VS tackle the Dyson pull out orders issues 3 years ago, then you know how ATA is going to use the same tactics to look for new customers.
Good luck to ATA now as lots of customers pull out from China to go to Vietnam, India, Cambodia etc. With the help of Malaysia Government, if they are willing to put efforts to help, ATA should be able to pull some new customers over. VS has managed to get a few already.
Wow, just imagine if Ataims have to close down if our Malaysian government cannot step in to help and resolve the forced labour allegations issues by ILO, then it is a disaster to see 4,000 locals out of jobs and 4,000 poor foreigners need to go home to their poor family due to one person named Andy Hall unlawful investigation conducted in Malaysia..
Malaysia's Human Resources Minister M Saravanan said the government wanted to hear the reasons from both parties.
Dyson didn't want to keep the contract due to a worker shortage. There are two different stories, according to Saravanan, who said he was waiting to hear Dyson's side of the matter.
You are lucky to cut earlier. Investing is to buy and earn from good company. Sometime we bought good company at the wrong time. News flow slower and cause some to lose.
Only Minister of Human Resource is talking, what happens to our MITI Minister and Labour Minister, any comments from them as massive lay off crisis to one of our top EMS listed company..
Shame on Dyson! You could survive till these days by exploiting cheap labour in this part of the world. Mind you that you pay peanut, you get monkey. If you want your contractors to well treat the workers, then pay them well, dont suppresss them for low low price! Or else move your manufacturing back to the UK! When your contractor is under trouble as a result of servicing you, instead of helping your contractor, you chose to run away! Those foreign workers should also wake up that those so called human right fighters will cause them to lose jobs, instead of getting a better paying jobs ! If your boss lose the contracts, you lose the jobs !
risk trader, hard our gov no money edy and even gov want to do something they only can make it delisted and own by gov lor like what china did to heng da
Our Minister of Human Resource say that Malaysia become dumping ground for Bangladeshis, so it means more forced labour allegations by ILO will continue to spread in our Malaysian Industries is it we Malaysians are clever or are we a fools in the eye of ILO..
Poor foreigners use ILO to stop our Gloves export to US and UK, also contract termination lead to job losses. But our government pay no notice what ILO have done to our industries..
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....
Keyman188
5,968 posts
Posted by Keyman188 > 2021-11-26 17:21 | Report Abuse
Amboi...belum sampai oversold keadaan...
Keyman188 predicted KLCI can visit 13xx soon...
wkwkwk...kekeke...hehehe...