Posted by oskchoon > 2021-11-26 22:39 | Report Abuse

Perhaps the only way is to make poor foreigners happy is to pay and treat them better than our locals in order to stop them complaining to ILO / Andy Hall for forced labour allegations etc...

Posted by goodiewilly > 2021-11-26 22:40 | Report Abuse

Big policy in place.. wait wait long long long to implement and companies can afford to do so with thin profit margin.

Posted by goodiewilly > 2021-11-26 22:42 | Report Abuse

KUALA LUMPUR (Nov 26): SKP Resources Bhd's net profit fell 9% to RM40.12 million for its second quarter ended Sept 30, 2021, from RM44.07 million a year earlier, as its operational capacity was affected by lockdown restrictions.

Earnings per share declined to 2.57 sen from 2.82 sen last year, the electronics manufacturing services (EMS) provider's bourse filing showed.

Quarterly revenue dropped 23.8% to RM553.74 million, from RM726.31 million in the same quarter last year.

Happy news to SKP to get more orders transferring from ATA

Posted by goodiewilly > 2021-11-26 22:42 | Report Abuse

https://www.theedgemarkets.com/article/skp-resources-2q-net-profit-down-9-amid-reduced-operational-capacity

Posted by $$ BUYSELL $$ > 2021-11-26 22:56 | Report Abuse

0.22 cents Monday ?

Posted by goodiewilly > 2021-11-26 23:03 | Report Abuse

Dow dropped 914 point now

Posted by Sunshine > 2021-11-26 23:07 | Report Abuse

so its true, workers shortage is an industry wide issue and ATA was the first to report that. what difference does it make if SK or VS receives transfer orders from Dyson - they would die standing trying to fulfill Dyson’s orders and will exploit their labor even more..

Posted by gemfinder > 2021-11-26 23:20 |

Post removed.Why?

Posted by Legend > 2021-11-27 00:21 | Report Abuse

Game over!

Posted by fl888 > 2021-11-27 04:06 | Report Abuse

Look at the borrowing in the Balance Sheet, got any chance to recover or not…..mati lah!

Posted by everest29029 > 2021-11-27 05:43 | Report Abuse

This could be the other reasons why Dyson exit ATA. VS & SK might not benefit after all.

https://min.news/en/home/f515baa28dfc3db607f422abeedb4f00.html

Posted by linheng > 2021-11-27 05:50 | Report Abuse

Forced Labor allegation on Oil Palm Sector - No much effect. The west use little Palm Oil Products and No Brand.
Forced Labor allegations on Gloves - Maybe 50% effect cause gloves can be diverted to other markets and also not really branded.
Forced Labor allegations on EMS or Chip manufacturing or Furniture will have 100% effect. You manufacture for only a handful of Brands. Easy to hurt you.
YOU THINK THE FOREIGN LABOR IN CONSTRUCTION AND SERVICE INDUSTRY GET BETTER CONDITIONS THAN THOSE IN THE MANUFACTURING SECTOR? I DOUBT. THE FOREIGN LABOR IN GLOVE SECTOR GET THE BEST CONDITIONS, YET THE ALLEGATIONS. OUR GOVT NEED TO STOP THIS ANDY HALL NONSENSE. HE IS MOST LIKELY WORKING WITH SOME FUNDS THAT ARE SHORTING THE MKT. ALL SECTORS HIT
ARE THOSE DOING WELL IN TERMS OF SHARE PRICE PERFORMANCE

Posted by Calvin882 > 2021-11-27 06:09 | Report Abuse

@linheng well said.

Posted by Johnzhang > 2021-11-27 07:01 | Report Abuse

I think it is also a problem of over relying on one customer.

Posted by dompeilee > 2021-11-27 07:18 | Report Abuse

Who are the ones buying @ 52c? And who were the ones buying @ 82c the day b4? Must be super confident in its biz model.

Posted by goodiewilly > 2021-11-27 08:20 |

Post removed.Why?

Posted by goodiewilly > 2021-11-27 08:24 | Report Abuse

see how Malaysia Government is going to fight against these ANDY HALL who has influences over US & UK & Europe.

Andy Hall is now giving instructions to Dyson, Malaysia Government to follow his orders to act to SAVE those to be removed by ATA in the consequence of Termination of Contract by Dyson.

Nothing direct statement by Malaysia Government yet.

Posted by goodiewilly > 2021-11-27 08:34 | Report Abuse

So long these Direct Confrontation in between Andy Hall, Dyson and Malaysia Government be happening, ATA as a poor victim (continue to find ways to resolve Forced Labour Issues) shall remain in silence mood to pump up production for Dyson.

Never ever think of legal matters against Dyson.

Andy Hall is going to take legal action against Dyson in UK (I am aware of the presence of concerning and seemingly defamatory statements made by Dyson against me, solely in relation to my well-intentioned and independent advocacy on work and living conditions at ATA, concerning which I continue to seek legal advice in the UK.)

Ang Mo against Ang Mo may be just a show, our pathetic investors in Bursa, in ATA and other listed companies carried big brands are in trouble.

Omicron may be hurting the world economy again and now Dow crashed more than 1000 points over night. Next week only see mother cry father cry sceneries here lor...

God blessed all investors in Bursa...

Another sleepless night..cry cry

Posted by qqq3333 > 2021-11-27 08:40 | Report Abuse

Malaysia is collateral damage for US forced labor in Xinjiang....They will make sure their accusations in Malaysia sticks to show Xinjiang also true.

Posted by qqq3333 > 2021-11-27 08:41 | Report Abuse

Evidence has no meaning in titanic struggles

Posted by qqq3333 > 2021-11-27 08:43 | Report Abuse

It's Andy CIA hall

Posted by dompeilee > 2021-11-27 09:05 | Report Abuse

M'sian govt only good @ collecting $$$ & $$$ politics. Witness the increasingly worthless ringgit.

Posted by EatCoconutCanWin > 2021-11-27 09:09 | Report Abuse

Yea... Collecting

Posted by Russel > 2021-11-27 09:34 | Report Abuse

Monday how?!

Posted by Markable > 2021-11-27 09:42 | Report Abuse

150million share are queuing, dont try your luck and gambling this share first. Losing 30% per day is not a joke. Drop is easy, but climb back will take few month or years.

Posted by Legend > 2021-11-27 09:45 | Report Abuse

Black Monday!

Posted by goodiewilly > 2021-11-27 09:47 | Report Abuse

Monday be in between 0.52 to 0.82 or stay at 0.52..Dow crashed has no effect to ATA price of 0.52. per oskchoon

Monday is T + 2 day for those who bought from 1.12 - 1.28
Tuesday is T + 2 day for those who bought from 0.82 - 1.27
Wednesday T + 2 day ?? what if cannot sell on Monday and Tuesday ???

Malaysia Government direct statement to Andy Hall, Dyson to help ATA is most important now,
or Bursa helps to SUSPENSE ATA as too severe impact to Malaysia companies employing thousands of foreign workers. Buy times to cool down the events.

Posted by investor223 > 2021-11-27 09:52 | Report Abuse

foreign devil manipulators n shortists.

Posted by henry888 > 2021-11-27 09:53 | Report Abuse

@goodiewilly. Ang Mo is like that particularly if politics is involved/have ill intentions to meet their private ends. Ang Mo said a donkey is a horse, what can you do ? As western countries especially USA is in control of media propaganda.

Posted by goodiewilly > 2021-11-27 10:03 | Report Abuse

You read the So long has the writing been on the wall for ATA IMS By Andy Hall
Author: savemalaysia | Publish date: Fri, 26 Nov 2021, 11:49 AM

See how the MF Andy Hall is damn arrogant...wanna punch him..du lan

Posted by bensonlam33222 > 2021-11-27 10:13 | Report Abuse

small nations have no say in international politics. they are just punching bags.

Posted by henry888 > 2021-11-27 10:15 | Report Abuse

That is why i was wondering why Bursa wanted to introduce RSS. Shortists are just opportunists/gamblers and not real investors. If Bursa said the introduction of RSS is to increase liquidity in the market, in my opinions, i would said it should be the other way round. RSS would short away your money from ppl out of the country (money outflow). If Bursa wanted to increase liquidities in the market should attract foreign investors with attractive terms but unfortunately most of the time are out of Bursa's control like the 51% Bumiputra stake in logistics would hurt away the investors.

Posted by 8dragon > 2021-11-27 10:21 | Report Abuse

The main point is Dyson just want to pull out of Malaysia because of uncertainty of political issues...

Posted by PATIKAYA > 2021-11-27 11:22 | Report Abuse

Gulung tikar..

Posted by PATIKAYA > 2021-11-27 11:23 | Report Abuse

Join serba n scib

Posted by Legend > 2021-11-27 11:27 | Report Abuse

Susah la ini macam
US 30 34,715 - 1120(3.13%)
US 500 4,582 - 126(2.68%)
Dow Jones 34,899 - 905(2.53%)
S&P 500 4,594 - 106(2.27%)
Nasdaq 15,491 - 353(2.23%)

Posted by Beetles > 2021-11-27 12:44 | Report Abuse

I really Hope Ataims boss kick Dyson out immediately now and not 6months later. Let them share the pain. Dont give US Dyson a damm face.

Posted by goodiewilly > 2021-11-27 12:53 | Report Abuse

Curry chicken, Rendang children, mutton, lembu lar, etc etc all kind of indian food n drinks are served to Ang Mo..parties lar, wine lar etc etc ..
The indian man has served Ang Mo for years, from a production supervisor to become ED, from a poor guy become multi millionair, major shareholder under margin account.
He treats Ang Mo like dad n mom..how Dyson comes in.
I am thinking if margin call comes in, will he be like SerbaDinamik boss, cheap cheap sales n no stop.

Posted by goodiewilly > 2021-11-27 12:53 | Report Abuse

https://www.malaymail.com/news/malaysia/2021/11/26/hr-minister-malaysia-to-investigate-dyson-decision-to-cut-ata-ties/2023978

Posted by goodiewilly > 2021-11-27 12:54 | Report Abuse

https://focusmalaysia.my/bloodbath-at-ata-ims-stock-limit-down-for-2nd-day-running/

Posted by Yk8898 > 2021-11-27 12:54 | Report Abuse

Downgrade to Reduce; losses projected for FY22-24F We slash our FY22F-24F EPS forecasts and now project ATA to be loss-making for the next three years as it will be operating on diseconomies of scale following the loss of its key customer. We anticipate a gradual ramp-up of output for its US-based crafting customer, but have not imputed other new customers into our forecasts. While ATA could fill up its capacity with orders from new customers, it might face obstacles in obtaining new customers given the labour allegations. In light of its negative earnings, we downgrade ATA to a Reduce, with a lower TP of RM0.29. We now value ATA using P/NTA methodology with 0.6x P/NTA given that the bulk of its assets were built up for Dyson. We also ascribe an additional 20% ESG discount to our valuation premised on the potential risks to its social reputation from the labour allegations.

Posted by goodiewilly > 2021-11-27 12:55 | Report Abuse

https://www.enanyang.my/node/444547

Posted by weisheng1998 > 2021-11-27 13:51 | Report Abuse

Beetles I really Hope Ataims boss kick Dyson out immediately now and not 6months later. Let them share the pain. Dont give US Dyson a damm face.

lol impossible Dyson can find other supplier because they have many cash and ATA qr profit mention 80% profit is from Dyson lol

Posted by qqq3333 > 2021-11-27 14:53 |

Post removed.Why?

Posted by Zrenxy > 2021-11-27 15:15 | Report Abuse

All go gpacket Monday....shark enterint

Posted by everest29029 > 2021-11-27 15:41 | Report Abuse

It is getting murkier..now it involved police & ATA's official.

https://www.theedgemarkets.com/article/police-look-claim-ata-ims-whistleblower-beaten-police

Posted by beso > 2021-11-27 15:53 | Report Abuse

KUALA LUMPUR (Nov 27): The police said on Saturday (Nov 27) they will look into a claim a factory worker of Dyson supplier ATA IMS Bhd was beaten at its station but that they had not received any formal complaints.
British home appliance maker Dyson told Reuters that it was ending its contract with ATA after an audit of the company's labour practices and allegations by a whistle-blower.

真是祸不单行，陆续有来。lol

Posted by Legend > 2021-11-27 15:57 | Report Abuse

0.25

Posted by michaelgohmox > 2021-11-27 16:20 | Report Abuse

0.22

Posted by michaelgohmox > 2021-11-27 16:20 | Report Abuse

Bala the kantoi