Posted by goodiewilly > 2021-12-01 05:57 | Report Abuse

Good Morning to all

Posted by goodiewilly > 2021-12-01 06:00 | Report Abuse

https://www.theedgemarkets.com/article/ata-ims-independent-nonexecutive-director-resigns-citing-differences-opinion
Extracts:
This prompted ATA IMS to explain in a bourse filing on Nov 29 that it is expecting another revenue drop of 40% for FY23, following the termination of its contracts with Dyson, and that its FY22 revenue will also reduce by 30% due to the impact of the Movement Control Order and labour shortages.

The group added that it had been in touch with Dyson for the full audit report on its labour practices, while highlighting the auditors’ view that the findings are “easily remediable with the commitment of the company’s management” and suggesting that parties involved discuss the findings in detail and develop a comprehensive strategy to address the issues.

Meanwhile, The Star reported Tuesday, quoting Human Resources Minister Datuk Seri M Saravanan, that ATA IMS would be hauled to court, in response to questions by several MPs over Dyson's allegations of forced labour against the company.

"It is erroneous to say we did not take action as we opened investigation papers when complaints were received. We had given a compound notice to them and it was not paid as of today," said Saravanan.

"As such, we will bring them to court," the minister was quoted as saying when wrapping up his ministerial replies on Budget 2022 at the committee stage in the Dewan Rakyat.

Saravanan also said the Labour Department was looking into the claims, as they involve a serious matter.

Posted by goodiewilly > 2021-12-01 06:04 | Report Abuse

https://www.thestar.com.my/news/nation/2021/11/30/local-company-in-dyson-allegations-to-be-hauled-to-court-says-saravanan
Extracts:
KUALA LUMPUR: The local company embroiled in allegations of forced labour by the electrical products company Dyson will be hauled to court, says Datuk Seri M. Saravanan (pic).

"It is erroneous to say we did not take action as we opened investigation papers when complaints were received. We had given a compound notice to them and it was not paid as of today," said Saravanan.

"As such, we will bring them to court," the Human Resources Minister added when wrapping up his ministerial replies on Budget 2022 at the committee stage in the Dewan Rakyat on Tuesday (Nov 30).

Saravanan was responding to questions raised by several MPs over Dyson's allegations of forced labour against local supplier ATA IMS Bhd.

Seems like what Dyson complains in their Report may be as true as the Malaysia Governement investigation into the Forced Labour Issues.

If it triggers attentions to other major customers in ATA to look into forced labour issues , ATA management is really in headaches to forsee their significant drop in capacity of usage again and again.

Posted by goodiewilly > 2021-12-01 06:08 | Report Abuse

I hope SKP and VS are now having a Big and Independent Task Force to spend millions to immediately rectify their foreign workers welfare etc to immediately mitigate whatever problems may derive form possible Forced Labour Claims.

All abang adik in treatments of foreign workers in this regions lar, so long foreign workers make a few thousand ringgits every month with high OT, and thousand ringgits equivalent to send back to their home countries, they are super happy. Except a few guys under influence to do the accusation and cause the boat sinking now, or already sank.

Posted by goodiewilly > 2021-12-01 06:10 | Report Abuse

Dow drops 650 points on growing omicron fears, Powell taper comments
PUBLISHED MON, NOV 29 20216:05 PM ESTUPDATED 45 MIN AGO

Bursa be bloody today

Posted by goodiewilly > 2021-12-01 06:16 | Report Abuse

https://www.cnbc.com/2021/11/30/powell-says-fed-will-discuss-speeding-up-bond-buying-taper-at-december-meeting.html

Powell says Fed will discuss speeding up bond-buying taper at December meeting

Dow be bad for another few days min until the outcome of the December meeting or be worsen.

No more Happy Christmas if those still in trading. Those in US who starts their holidays earlier and unloaded their positions, they shall enjoy a good Merry Christmas.

Yesterday, foreign funds dumped RM208.8 millions in Bursa. May be going to dump more and more (reverse their buying trends for the past one month), to go back big funds to celebrate their Christmas.



We in Bursa, only si kiaw kiaw

Posted by goodiewilly > 2021-12-01 06:16 | Report Abuse

Nothing in the morning news make me a happy day today

Posted by henry888 > 2021-12-01 07:23 | Report Abuse

Yesterday this counter suppose to spike but retraced due to omicron news.

Posted by dompeilee > 2021-12-01 07:35 | Report Abuse

There is no 'supposed to' or 'should' in markets.

Posted by JediMaster > 2021-12-01 08:13 | Report Abuse

Time to sell

Posted by LeslieGoh > 2021-12-01 08:19 | Report Abuse

Game over, run run run...

Posted by 8dragon > 2021-12-01 08:20 | Report Abuse

Today below 0.40 cents....

Posted by value_seeker > 2021-12-01 08:21 | Report Abuse

Very blur result. Losing your single largest customer, more than 70% sales at share price RM2.6 to 45C. What is the bottom of the stock. Those who hold will be thinking cost of holding. For those who look for opportunity, this is intriguing. Wait for two quarters result and thing will be clearer. Opportunity will be chance to own good stock. Who is in on the drop of gold or knife?

Posted by stockwinner > 2021-12-01 08:29 | Report Abuse

Doesn't look good. Cut loss and run first.

Posted by calvintaneng > 2021-12-01 08:31 |

Post removed.Why?

Posted by NatsukoMishima > 2021-12-01 08:37 | Report Abuse

Today can see rm 0.1x already !

Posted by investor2021trading > 2021-12-01 08:39 | Report Abuse

no more limit down! go to NTA value of 0.67!

Posted by ktrader > 2021-12-01 08:45 | Report Abuse

wait...too many negativity = positivity, can or not?

Posted by goodiewilly > 2021-12-01 08:46 | Report Abuse

Perhap yesterday they have started buy back, tonight you shall see the announcement.
Today they may continue buy back to hold the price.

But Malaysia Government to penalise them is ready a very negative sign as to prove of FOrced labour by ATA while Dyson terminated them.

Posted by goodiewilly > 2021-12-01 08:47 |

Post removed.Why?

Posted by hoot9e996 > 2021-12-01 08:54 | Report Abuse

break above 0.5 today, more uptrend
fall below 0.4 today, more cutloss but opportunity to collect

take care and goodluck. price already at bargain price, think positively there are those who are trapped above 1-2 why scared now at 0.4
all they need is to clear up the problem and find a new partner

Posted by o0oo0oo0o > 2021-12-01 08:56 | Report Abuse

If you like gambling, please continue to hold this stock. If you are a value investor, stay away from this trap. A company cannot sustain itself without business, and ATA is unlikely to acquire new customers based on its current reputation, at least in a short period of time.

Posted by hoot9e996 > 2021-12-01 09:00 | Report Abuse

most just want to enter for the minor rebound anyway. short term rebound is near, everyone eyeing on that.

Posted by hoot9e996 > 2021-12-01 09:01 | Report Abuse

so little volume pre-opening... this is good news

Posted by goodiewilly > 2021-12-01 09:03 | Report Abuse

You are right. The scenerio 3 years ago while Dyson pulled out from VS, VS was in perfect conditions to look for new customers to fill vacant capacity (no quality nor forced labour issues).
Now for ATA to look for new customers with reputation of forced labour issues and quality not met France customers issues, they need double or triple efforts to do so. The worst is that they become subcontractors for VS and SKP, at least to run their productions when their forced labour issues settled (Dyson may close one eye to put them as indirect subcontractors)

Posted by nicholas99 > 2021-12-01 09:11 | Report Abuse

yesterday lucky rebound. today. sure red. RM2.5 20% revenue = RM0.50 but the cost of production is high = RM0.40. RM0.40 is kind than most of the Price target given by banks.

This damage is permanent and will causes pain for a year at least. share price sure go down.

Posted by faizal > 2021-12-01 09:12 | Report Abuse

semalam lima puluh pun susah ini hari empat lima pun tak lepas

Posted by fortunefire > 2021-12-01 09:12 | Report Abuse

It's happening here. I am interested to buy if price below 0.30

Posted by tpcourt123 > 2021-12-01 09:22 | Report Abuse

Hooray......earn again....hahah

Posted by positiontrader > 2021-12-01 09:22 | Report Abuse

Posted by goodiewilly > Dec 1, 2021 9:03 AM | Report Abuse

You are right. The scenerio 3 years ago while Dyson pulled out from VS, VS was in perfect conditions to look for new customers to fill vacant capacity (no quality nor forced labour issues).
Now for ATA to look for new customers with reputation of forced labour issues and quality not met France customers issues, they need double or triple efforts to do so. The worst is that they become subcontractors for VS and SKP, at least to run their productions when their forced labour issues settled (Dyson may close one eye to put them as indirect subcontractors)

My comment

Beware: VS and SKP foreign workers could be in the same conditions as ATAIMS, as most foreign workers are controlled by cronies agents

When US customs investigate them, they could drop like a ton of lead

Posted by tpcourt123 > 2021-12-01 09:23 | Report Abuse

still have person want wait 0.20 and 0.30....adui

Posted by Hotstuff > 2021-12-01 09:38 |

Post removed.Why?

Posted by bulldog > 2021-12-01 09:57 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by imvu > 2021-12-01 09:59 | Report Abuse

hari ni naik 0.490 ?

Posted by tpcourt123 > 2021-12-01 09:59 | Report Abuse

go go go...up up up

Posted by Legend > 2021-12-01 10:00 | Report Abuse

Sapu la...apa takut..haha

Posted by imvu > 2021-12-01 10:05 | Report Abuse

rehat kejap dekat 0.445

Posted by oskchoon > 2021-12-01 10:14 | Report Abuse

Actually thanks to yesterday hugh volumes at 950 millions shares, almost 78 % of Ataims NOSH, so contra operators are at least holding 25 % NOSH, so today they must tried very hard to push up before T plus 2 payment day due, due to Ataims management holding more than 60 % of NOSH, so today floating shares is little, question is whether these sharks is unloading big volumes today or tomorrow.

Posted by imvu > 2021-12-01 10:18 | Report Abuse

hari ni nak hijau ke nak merah

Posted by Santiago > 2021-12-01 10:20 | Report Abuse

merahhhhhhh terusssss

Posted by oskchoon > 2021-12-01 10:23 | Report Abuse

The strongest support is 0.38 where yesterday the contra sharks bought during open gap down..

Posted by oskchoon > 2021-12-01 10:26 | Report Abuse

The immediate resistance is RM 0.53, once it is broken up, it means buying momentum have begins.. So watch for 0.38 to 0.53..

Posted by faizal > 2021-12-01 10:27 | Report Abuse

semalam lima puluh pun susah, ini hari empat lima pun tak lepas besok empat puluh pun susah

Posted by imvu > 2021-12-01 10:28 | Report Abuse

0.425 oversold .panjat balik ?

Posted by stockwinner > 2021-12-01 10:31 | Report Abuse

Not bad looking atm. me collect again for CNY Ang pau. sap sap sui

Posted by skyap > 2021-12-01 10:33 | Report Abuse

Gg

Posted by NatsukoMishima > 2021-12-01 10:36 | Report Abuse

Serba dinamik trap pattern ! Becareful all !

Posted by stockwinner > 2021-12-01 10:38 | Report Abuse

Market over reacted la.

Common sense:

Dyson terminate contract ----> Dyson need to find new EMS to replace old EMS ----> Dyson Supply disruption ---> Revenue drop + Competitor makan their market share ----> Dyson investor ANGRY ----> Go back to old EMS ----> Problem Solved.

Posted by stockwinner > 2021-12-01 10:54 | Report Abuse

Meow Meow's opinion.

Expert call sell ---> They buy.
Expert call buy ------------------> They sell.

If you don't know already, now i let you know.

Posted by goodiewilly > 2021-12-01 11:00 | Report Abuse

目前，联昌将该公司2024财政年核心每股亏损调低30%，主要是考虑到机器制作客户的收入提高等正面因素，不过，该行仍预计该公司2022至2024财政年仍可能陷入2020万、4750万和2240万令吉亏损。

有鉴于此，该行保持开泰的29仙目标价和“减持”评级，并表示如果该公司成功争取到新客户或是撙节措施大有进展，该行不排除会改变负面看法。