Posted by mf > 2021-11-30 09:55 | Report Abuse

29-Nov-2021 Insider DATUK BALACHANDRAN A/L GOVINDASAMY (a substantial shareholder) acquired 950,000 shares on 29-Nov-2021.
29-Nov-2021 Insider DATUK BALACHANDRAN A/L GOVINDASAMY (a company director) acquired 950,000 shares on 29-Nov-2021.

Posted by dompeilee > 2021-11-30 10:00 | Report Abuse

Almost 1/2 the issued shrs traded in less than 1 hr despite major holders owning 30+% means that nobody is willing to hold on...fund mgr dump to retailer who flip or cut loss to other retailer...

Posted by foo > 2021-11-30 10:03 | Report Abuse

now no mco factory open next contribution another 100mil profit cash to company

Posted by dompeilee > 2021-11-30 10:03 | Report Abuse

I wonder if another Hyflux in the making...many differences but also some similarities

Posted by foo > 2021-11-30 10:03 | Report Abuse

Ataims have RM 330 millions cash on hand can capital repayment

Posted by Hotstuff > 2021-11-30 10:05 | Report Abuse

rr88...yeah..i also kena...kena profit 20k...

Posted by roger3210 > 2021-11-30 10:07 | Report Abuse

lol, see how much BREM being taken over, n many other cases where the takeover price is significantly lower than its NTA

Posted by hoot9e996 > 2021-11-30 10:12 | Report Abuse

oh no

Posted by oskchoon > 2021-11-30 10:15 | Report Abuse

Usually, gap down with very high trading volumes means today will be bottom out and will rebound very soon, so pls try to buy lower prices if LD better still..

Posted by gemfinder > 2021-11-30 10:24 | Report Abuse

walao, aminvest cut tp to 30sen only.. more downside

Posted by bulldog > 2021-11-30 10:28 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by oskchoon > 2021-11-30 10:29 | Report Abuse

Due to Ataims share price failed to LD, SKP and VS started going up..

Posted by goodiewilly > 2021-11-30 10:32 | Report Abuse

https://www.theedgemarkets.com/article/dyson-supplier-ata-says-forced-labour-allegations-not-conclusive

Posted by goodiewilly > 2021-11-30 10:36 | Report Abuse

Quote: gemfinder, walao, aminvest cut tp to 30sen only.. more downside

30/11/2021 0.38 0.30 -0.08 (21.05%) SELL AmInvest
Checked, correct.

Posted by bensonlam33222 > 2021-11-30 10:37 | Report Abuse

game over

Posted by foo > 2021-11-30 10:37 | Report Abuse

Ataims have RM 330 millions cash on hand, plus NTA is RM 0.67 per share..

Posted by foo > 2021-11-30 10:38 | Report Abuse

NTA is RM 0.67 per share.. takeover by VS can at least 67c

Posted by shpg22 > 2021-11-30 10:41 | Report Abuse

Dyson boss earn alot from short selling

Posted by shpg22 > 2021-11-30 10:41 | Report Abuse

Dyson boss earn alot from short selling

Posted by LeslieGoh > 2021-11-30 10:42 | Report Abuse

Game over run fast fast...

Posted by dompeilee > 2021-11-30 10:43 | Report Abuse

Balachandran buying today or not???

Posted by Hotstuff > 2021-11-30 10:44 |

Post removed.Why?

Posted by smktta > 2021-11-30 10:54 | Report Abuse

The turnover today is huge. Half of the market cap and company shares were traded so far

Posted by hoot9e996 > 2021-11-30 10:57 | Report Abuse

left hand sell, right hand buy. whoever bought gear ready to top up.
0.25 - 0.35 safe zone to enter

Posted by hoot9e996 > 2021-11-30 10:58 | Report Abuse

look on bright side atleast you didnt get trap like those who bought before the bad news came out or didnt want to cut loss

Posted by Hotstuff > 2021-11-30 11:00 | Report Abuse

selling pressure is removed. forced selling is not happening. price stabled. the only way is up now. accumulating...

Posted by oskchoon > 2021-11-30 11:03 | Report Abuse

Big boys trying to push down to LD price, beware..

Posted by hoot9e996 > 2021-11-30 11:04 | Report Abuse

selling pressure removed, forced selling not happening because insiders are buying and selling to each other to throw tickets to retailers or victims. look at volume today its very high

Posted by dompeilee > 2021-11-30 11:05 | Report Abuse

Reloaded some @ 43.5c

Posted by VenFx > 2021-11-30 11:21 | Report Abuse

A sustainable above 0.450 might be sign of cease selling from the big boy.

Posted by shlyw > 2021-11-30 11:22 | Report Abuse

ATA IMS sees selling pressure after flagging FY23 revenue drop on severed Dyson ties
TheEdge Tue, Nov 30, 2021 11:02am - 14 minutes


KUALA LUMPUR (Nov 30): Shares in ATA IMS Bhd faced selling pressure on Tuesday (Nov 30) after the group said it is projecting another drop of 40% in revenue for the financial year ending March 31, 2023 (FY23), following the termination of its contracts with Dyson.

The counter, which was among the top losers on Tuesday morning, slipped as much as 14 sen or 26.92% to 38 sen.

At 10.17am, it had pared some losses at 44.5 sen, still down 7.5 sen or 14.42%.

The counter, which was the most actively traded stock, had seen 582.32 million shares changing hands.

The counter had fallen 82.68% from RM2.57 since Nov 12 when it announced a net loss of RM11.17 million for the second quarter ended Sept 30, 2021 (2QFY22), while RM2.56 billion in market capitalisation was wiped off in three weeks.

ATA IMS told a bourse filing on Monday that cost-cutting measures will be undertaken in response to the termination of contracts with Dyson and that the group is working towards maintaining profitability by lowering costs to ensure sustainability.

Dyson was the largest customer of the company, contributing 80% of the company's revenue.

ATA IMS also said the termination of contracts by the major customer does not affect its operations per se except for termination of tenancy and organisation-wide cost-cutting exercises, and restructuring of bank borrowings for excess facilities in view that the company is not required to hold high levels of stocks as before for customers’ orders.

Due to the impact of the movement control order and a shortage of workers, the company also estimated the turnover for FY22 to reduce by approximately 30% as compared to FY21.

“The major financial impact would be the impairment test of the goodwill on consolidation of RM76.5 million, a discounted cash flow and a sensitivity test has been performed on the new projection with the termination of the customer's contracts. The company is of the view that there is no material impairment on the goodwill on consolidation, provided that new customers continue to load the company with new orders,” it said.

Meanwhile, AmInvestment Bank Research in a note on Tuesday maintained a sell on ATA IMS and revised down its fair value to 30 sen (from 56 sen).

“Our change in valuation largely stems from concerns of assets overhang after the loss of ATA’s major customer (which accounts for 80% of the group’s sales and has recently terminated its contract with the company), as well as potential goodwill impairment,” it said.

It also maintained its cautious stance on the outlook for ATA.

“While efforts have been made to mitigate the damage to its reputation and recoup investors/stakeholders’ confidence, we reckon any concrete progress/results from the proposed solutions can only be seen over the medium term (6 to 9 months), with no guarantee of a positive outcome.

“As such, we opine that the company’s short-term operational risks remain high (largely stemming from the ongoing manpower shortage crisis, forced labour allegation, potential assets overhang, diseconomies of scales and dented reputation), which intensify the challenges in securing new customers and orders,” it said.

As such, it did not share the company’s optimistic post-June 2022 guidance of a profit before tax margin of 5%.

It maintain its loss forecasts in FY22 to FY24, reflecting only organic growth from the group’s existing remaining customers, coupled with some small new orders to be secured in FY23 and FY24, at a gross profit margin of 2% to 2.5% in FY23 to FY24 (versus 1HFY22 of 4.4%) from diseconomies of scale.

“In our view, ATA may not be in the most favourable position to negotiate with potential new customers. Hence, we believe ATA’s recovery from the current crisis will be bumpy, exacerbated by the ongoing labour shortage crisis,” it added.

Read also:
ATA IMS expects another 40% drop in revenue for FY23 amid Dyson termination

Posted by oskchoon > 2021-11-30 11:24 | Report Abuse

Ataims back to 0.48 again, once it break up 0.50, then it is going towards 0.60 today, trade cautiously..

Posted by oskchoon > 2021-11-30 11:26 | Report Abuse

Ataims is back to 0.48 again, like shifu said once it breaks up 0.50, it is going towards 0.60 soon.. Still cheaper than NTA 0.67..

Posted by dompeilee > 2021-11-30 11:27 | Report Abuse

dompeilee Reloaded some @ 43.5c
30/11/2021 11:05 AM

SOLD back some @ 48.5c

Posted by o0oo0oo0o > 2021-11-30 11:34 | Report Abuse

Don't fall into the trap! SELL SELL SELL

Posted by imvu > 2021-11-30 11:37 | Report Abuse

hari ni hijau , besok hijau , minggu depan hijau , hari hari hijau ?

Posted by oskchoon > 2021-11-30 11:40 | Report Abuse

Once immediate resistance of 0.50 is broken, it is moving towards 0.60, still is cheaper than NTA 0.67..

Posted by fl888 > 2021-11-30 11:48 | Report Abuse

Fund managers sold massive shares at 82cts…now buying anything at below 52cts …fantastic contra gain !

Posted by Legend > 2021-11-30 11:48 | Report Abuse

Belum masa lagi...sabar...haha

Posted by bensonlam33222 > 2021-11-30 11:54 | Report Abuse

this stock will go below RM 0.3 in a few days

Posted by oskchoon > 2021-11-30 11:58 | Report Abuse

The immediate support is 0.45, 0.41 and the strongest support is 0.38, today to buy LD is impossible, may be next time..

Posted by whizzkid > 2021-11-30 12:07 | Report Abuse

TP 78 cents!!!

Posted by dompeilee > 2021-11-30 12:07 | Report Abuse

Wow. Already breaching 50c

Posted by whizzkid > 2021-11-30 12:09 | Report Abuse

trapped at BSL....

Posted by powerup89 > 2021-11-30 12:09 | Report Abuse

Later green green

Posted by whizzkid > 2021-11-30 12:10 | Report Abuse

if TP .78 my gf will give free BJ to 3 guys....first come first serve!!!

Posted by dompeilee > 2021-11-30 12:11 | Report Abuse

SOLD more @ 51.5c

Posted by tpcourt123 > 2021-11-30 12:13 | Report Abuse

buy buy ......no wait

Posted by Markable > 2021-11-30 12:13 | Report Abuse

Big fund company behind to support, 300million MYR transacted. I wonder who is behind scene

Posted by tpcourt123 > 2021-11-30 12:16 | Report Abuse

who believe who buy, wait 0.20-0.30 on dream la